Accounting and Outsourcing

Business Process Outsourcing: The Competitive Advantage by Rick Click & Thomas Duening

Global competition doesn't just move jobs, it also moves business processes and creates new kinds of business cooperation. For more than a century companies with global reach had to grow into huge enterprises with massive internal infrastructure. With the rise of computer systems, smaller companies learned to share the large mainframes to lower the cost for each business. Specialized providers went into business to offer their systems and expertise so that businesses could focus on their value proposition rather than their information technology.

This outsourcing of non-core operations has expanded to many other kinds of business processes such as human resources and even some aspects of accounting. Some businesses are even creating new value propositions by combining their specialized abilities with those of another company in order for each to have a more powerful offering for their target markets. This is especially true as companies extend their reach around the globe.

Rick Click and Thomas Duening show you how this process works and what you need to do and consider so you can identify which processes you might want to outsource to lower your costs and extend your reach. While this is a practical introduction, it is meant for the general business person having to learn about BPO and having to get up to speed about what has to be done to get it right.

     

Accounting and Outsourcing - Quicken

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Accounting and Outsourcing * Quicken

Quicken Record-Keeping Tricks   
Stephen L. Nelson

If you're just getting started with a checkbook program like Quicken, incorporating the program into your record-keeping routines can be a little awkward. To ease this process, here is a handful of helpful ideas:


Batch your transactions

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Batch your payment and deposits together so that you can enter them as a group. Starting Quicken and displaying an account register isn't difficult, but doing it several times a day for every transaction is time-consuming. You'll find it works best to sit down, say, once a week and enter the previous week's transactions. This should work fine for both individuals doing personal record keeping and business owners and bookkeepers doing business accounting. Even large businesses don't pay bills every day.


They batch them and then process them together once or twice a week.

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Keep the documentation


Keep documentation of the checks you write by hand so that you can remember, for example, what you paid with check 1245. (Duplicate checks are handy because you always create a record of the checks you write by hand.)


Be sure to keep the documentation--deposit slips, ATM receipts, and so forth--that describe the other transactions you'll want to enter into your register. Again, because you won't be carrying your computer around with you everywhere you go, you'll want some paper documentation you can review whenever you do sit down at your computer to do financial record keeping.


Print an Account Register


It's a good idea to print an account register at the end of the month. This paper record provides a hard copy of the transactions you've entered and acts as a permanent backup copy of your financial records. You can keep this copy with the bank account statement you receive. (You probably won't need the register unless you someday need to restore your financial records from a backup copy.)
To print an account register, first display the account in the register such as clicking the Banking Center QuickTab and then clicking the account name in the Banking Center window. Then follow these steps:



1. Choose File, Print Register to display the Print Register dialog box.



2. If you want to enter a title for the register, use the Title text box. If you don't enter a title, Quicken uses Account Register for the title.



3. Click the Print command button when you're ready to print.



4. Click OK. Quicken passes the register information to Windows, and it prints your register.



About the author: CPA Stephen L. Nelson is the author of numerous best-selling books about small business accounting and the popular downloadable do-it-yourself guides Incorporating a Business in Alabama, Incorporating a Business in Mississippi.

What Other Authors say about Accounting and Outsourcing

Make a progress with accounting outsourcing in India by michelle barkley

Make a progress with accounting outsourcing in India India, as developing nation, has come a long way and has become a centre of attraction for many western countries due to its professional environment...

E-accounting services | Online accounting Services | bookkeeping services by vimal mistry

Outsourcing Bookkeeping Services which provides outsourcing book keeping, accounting, financing services but is an outsourcing business, is possible when it is not connected to internet?it was a time when...

Keep your profits running with retail accounting by Alvis Brazma

Numbers are something that leaves us with a cold feet and sweat and especially, when the numbers are endless. Whether one is managing a big or small-scale business, accounts are something that one dares...

Accounting Software For Retail Businesses by Bob Miles

Retailers, like all other business people, have a need for suitable business accounting software. Retailers are characterized by the great variety of products that they sell to customers. Consequently,...

How to Tell if You've Outgrown Quicken by Stephen L. Nelson

Think you've maybe outgrown Quicken as a small-business accounting solution? Maybe, maybe not. Small-business accounting systems (including Quicken) are supposed to do three things:1. Measure your profits...

Help with Accounting Software by David C Skul

If you run a small business you need an appropriate accounting software that can satisfy your requests. You have a lot of options from which you can choose, such as: Peachtree, Quickbooks, Microsoft Great...

When Quicken Doesn't Balance by Stephen L. Nelson, CPA

After you've been using Quicken for while and have been balancing your account regularly, you will only irregularly have trouble reconciling it. However, if you are just getting started, you may have trouble...

Accounting and Finance Online by Michael Bustamante

Online accounting and finance schools offer certificate programs that develop skills necessary for professional positions. Students will get the education needed to qualify for certification examinations...

Fixing Mistakes in your Quicken Registers by Stephen L. Nelson

Your typing skills aren't perfect, of course. What's more, you will sometimes enter transactions into your Quicken registers using bad source documents (an erroneous deposit slip, for example). These little...

Accounting Principles & Standards: Avoid Them At Your Peril by John Day

The article is a brief overview of the difference between accounting principles and accounting standardsAccounting principles are the basic assumptions, rules of operation, and essential characteristics...

Enhance the modus-operandi of your business with accounting outsourcing by Allies Harbor

The concept of outsourcing is becoming a preferred choice in many sections of company. Today businesses are outsourcing tasks like production, marketing, research and sales; no doubt that they are getting...

Make more profits through real estate accounting by Alvis Brazma

Accounting is one of the most significant parts of any big or small business, irrespective of which industry the business belongs to and thus needs extra care to be handled efficiently. And real estate...


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Index of Articles about Accounting and Outsourcing

What Other Authors say about Accounting and Outsourcing

Make a progress with accounting outsourcing in India by michelle barkley

Make a progress with accounting outsourcing in India India, as developing nation, has come a long way and has become a centre of attraction for many western countries due to its professional environment...

E-accounting services | Online accounting Services | bookkeeping services by vimal mistry

Outsourcing Bookkeeping Services which provides outsourcing book keeping, accounting, financing services but is an outsourcing business, is possible when it is not connected to internet?it was a time when...

Keep your profits running with retail accounting by Alvis Brazma

Numbers are something that leaves us with a cold feet and sweat and especially, when the numbers are endless. Whether one is managing a big or small-scale business, accounts are something that one dares...

Accounting Software For Retail Businesses by Bob Miles

Retailers, like all other business people, have a need for suitable business accounting software. Retailers are characterized by the great variety of products that they sell to customers. Consequently,...

How to Tell if You've Outgrown Quicken by Stephen L. Nelson

Think you've maybe outgrown Quicken as a small-business accounting solution? Maybe, maybe not. Small-business accounting systems (including Quicken) are supposed to do three things:1. Measure your profits...

Help with Accounting Software by David C Skul

If you run a small business you need an appropriate accounting software that can satisfy your requests. You have a lot of options from which you can choose, such as: Peachtree, Quickbooks, Microsoft Great...

When Quicken Doesn't Balance by Stephen L. Nelson, CPA

After you've been using Quicken for while and have been balancing your account regularly, you will only irregularly have trouble reconciling it. However, if you are just getting started, you may have trouble...

Accounting and Finance Online by Michael Bustamante

Online accounting and finance schools offer certificate programs that develop skills necessary for professional positions. Students will get the education needed to qualify for certification examinations...

Fixing Mistakes in your Quicken Registers by Stephen L. Nelson

Your typing skills aren't perfect, of course. What's more, you will sometimes enter transactions into your Quicken registers using bad source documents (an erroneous deposit slip, for example). These little...

Accounting Principles & Standards: Avoid Them At Your Peril by John Day

The article is a brief overview of the difference between accounting principles and accounting standardsAccounting principles are the basic assumptions, rules of operation, and essential characteristics...

Enhance the modus-operandi of your business with accounting outsourcing by Allies Harbor

The concept of outsourcing is becoming a preferred choice in many sections of company. Today businesses are outsourcing tasks like production, marketing, research and sales; no doubt that they are getting...

Make more profits through real estate accounting by Alvis Brazma

Accounting is one of the most significant parts of any big or small business, irrespective of which industry the business belongs to and thus needs extra care to be handled efficiently. And real estate...