Outsource Accounting Tasks To Us Instead of Using Expensive Internal Accountants

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By Amitaabh Saboo

Do you know the language of business? Accounting is termed as the key language of business by many people. Without adequate accountancy knowledge, skills and experience, your business performance and monies will be difficult to track. Nowadays many entrepreneurs are not able to study and manage their businesses at the same time. They are taking advantage of outsourcing. When entrepreneurs outsource accounting, they shift their difficult responsibility to an outsider, who has nothing to do their organizations. Both of them form a contract that defines the scope of service delivery, terms of payment, task deadlines, methods of service delivery and many other parameters.

Since managing your company is hard enough, you may also want to outsource accounting to a reputable firm near you. An accountancy firm is an independent organization that employs thousands accredited and qualified accountants. It has a remote data entry centre that accommodates its employees. The arrangement involved in outsourcing is quite different from a normal recruitment process. Your company and an accountancy firm of your choice will get into a business deal that does not involve any employment terms. The firm will get your accounts books balanced and you will pay the agreed rate to return the favor.

As you can clearly see, entrepreneurs who outsource accounting tasks to an autonomous service provider, avoid the hassle and stress of recruiting new accountants. Would you not want the same thing? Another cost you can avoid is that of training or retraining new or existing staff. Software development technology has greatly advanced these days, and new accounting software products are cropping up quickly. The cost of training your accountant on how to use new accounting software can be higher than the cost of assigning your daily tasks to an external accountancy firm. When you outsource accounting, you are given an opportunity to choose among different accounting software programs.

An outsourced company already has many professionals who know how to use software at no additional cost on your part. What’s more, you get to choose when you want to contract out and when you want to do the job personally. After ending a contract with an independent outsourcing company, you can decide not to form another contract until you are financially. On the contrary, keeping an office employee denies you the pleasure of not paying any monthly wages when your business is not getting enough contracts. It is therefore convenient and cheaper to outsource accounting than to do the job yourself. In addition, when you assign a task to a remote contractor, you can free your office space by dismissing redundant staff.

This will help you channel the money you would otherwise pay as monthly salaries to other profitable departments of your company. For instance, you can do more advertising and marketing in order to attract more customers. While looking to outsource accounting, it is advisable to use a registered company with offices in your country. For instance, if you live and do business in the USA, you should locate a company that has head offices in the US. This way you will know that you are protected by the laws of your country. Additionally, it makes you feel secure and confident when passing your business data over the internet. To be completely successful, you should outsource accounting tasks to a trustworthy company that has diligent and qualified employees. Outsourcing accounting improves financial operations as well as increased the level of efficiency, adaptability and ability to wok with the market conditions while at the same time curtailing risks and costs.

Article Source: http://EzineArticles.com/?expert=Amitaabh_Saboo

Article Source: http://EzineArticles.com/7185943

Ask us for help – we provide on-site and remote accounting and controllership services.

Visit our website www.desmidtconsulting.com to learn more about our business.

Visit our mobile website www.desmidtconsulting.mobi

Contact us www.desmidtconsulting.com/contactus.html

813-252-9490

Thank you,

Peter DeSmidt, BA, MBA, PA

 

Our QuickBooks and Enterprise Setup, Implementation, Training and Support Services

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We provide QuickBooks and Enterprise help,  installation, set up, accounting, training, support, troubleshooting, implementation, consulting and controller services to small and medium sized businesses.  We also provide small business consulting  services to include cost control, financial systems, staff training, treasury  management, revenue and expense analysis, inventory management, and small business turnaround services.

You will always work with the same person at our firm; Peter has over 45 years of experience in Accounting, Systems and Business Management; he has been an Accounting Instructor at Mercer University and Georgia State University; and is a Certified QuickBooks Advanced ProAdvisor.

We are headquartered in the Tampa Bay South Shore area, and serve the metro area, and remotely serve Florida and the US.

Our Services Provided Include:

  • Monthly Accounting Services
  • Accounts Payable and Receivable Management
  • Financial Statement Preparation
  • Cash Flow Analysis and Management
  • Inventory Management and Control
  • Fixed Assets Reporting
  • Bank Reconciliations
  • Payroll Tax Compliance
  • Variance Analysis and Reporting
  • Revenue and Expense Analysis
  • Staff Training and Utilization
  • Business Consulting and Guidance
  • Accounting Systems and Controls
  • Financial Analysis and Reporting
  • Budget Preparation and Reporting
  • Treasury / Cash Management
  • Software Selection and Implementation
  • Software Training and Support
  • Controller and CFO Services
  • Virtual, Part-Time, and Outsourced Services
  • Cost Control / Cost Management Consulting
  • Accounting Software Training and Support
  • Strategic Planning and Consulting
  • Business Planning and Forecasting
  • Policies and Procedures
  • Defining Job and Project Cost Elements
  • Creating and Customizing Reports

QuickBooks is a user-friendly and easy to use system, provided the initial set-up is implemented properly.  In fact, the majority of QuickBooks problems discovered after implementation stem from improper initial set-up.  Get started on the right track, by working with us, and avoid costly problems in the future. You will receive a QuickBooks file customized for your business based upon the information that you provide.

Here’s a list of the services that we can provide during your QuickBooks setup:

  • Evaluate your software requirements and overall accounting needs
  • Determine your accounting and QuickBooks software needs
  • Recommend the appropriate QuickBooks software and establish hardware requirements
  • Software installation and set-up
  • Design and set-up the chart of accounts and the entire accounting system– including payroll, accounts receivable, inventory, and accounts payable
  • Determine your QuickBooks start date
  • Customize the chart of accounts for your business and load balances as of your start date
  • Customer and vendor set-up
  • Item set-up including services, inventory parts, non-inventory parts, other charges and sales-tax items
  • Set-up your outstanding accounts receivable and accounts payable details as of your start date
  • Set-up your ending statement bank balances and outstanding checks & deposits in transit as of your start date
  • Enter your transactions since your starting dates into QuickBooks
  • Print a trial balance as of your starting date and compare it to your trial balance from your old system
  • Train your staff in use of software to meet your accounting, management and tax-reporting needs
  • Follow-up training to ensure you are on the right track
  • Monthly, quarterly or annual review of QuickBooks to assist in tax preparation and management reports

Why our one on one training is the way for your company

  • Training at your location, a quiet restaurant, or via shared desktop at a time that is convenient for you – including weekends
  • Work on your live QuickBooks file
  • Training is based on your skill level, and at your pace
  • Focus on QuickBooks features that are relevant for your business
  • Get answers your specific questions and concerns
  • Training implemented in one to several 3 to 5 hour intervals – spaced over time

While a one-on-one instructor-led QuickBooks training class is more expensive than attending a group class, it is a good investment when you have specific QuickBooks issues to solve or you need to get QuickBooks started in the right direction with your QuickBooks accounting and bookkeeping needs. I can help you figure out the best solutions for your particular QuickBooks accounting issues, and give you a strategy for how best to pursue your short-term and long-term goals for your business. Getting off on an ill-directed path in QuickBooks accounting can be very costly in the long run; getting the right professional advice from the start will certainly be well worth the investment.

We can train on Pro, Premier, Online, industry-specific versions and Enterprise versions of QuickBooks.  Our one-on-one training is customized for your business. Email us or call us – to  schedule your implementation / training / support services to learn more,  and to discuss your requirements.  Free initial telephone consultation. Evening, weekend, and daytime telephone consultation appointment times are available. We would welcome the opportunity to work with you.

Ask us for help – this is what we do.

Visit our website www.desmidtconsulting.com to learn more about our business.

Visit our mobile website http://www.desmidtconsulting.mobi

Contact us www.desmidtconsulting.com/contactus.html

813-252-9490

Thank you,

Peter DeSmidt, BA, MBA, PA

QuickBooks Certified Advanced ProAdvisor

Microsoft Certified Accounting Application Specialist

Microsoft Certified Installation Specialist

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Benefits Of Retaining Us To Perform Your Part Time Controller and CFO Services

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Small and medium-sized companies that are not in a position to hire a full-time Controller or CFO are often the companies that would benefit the most from the expertise of an experienced Controller or CFO.

We can take complete responsibility for the financial side of your business, or we can function purely as your part-time / virtual Controller or CFO, optionally, managing your existing accounting and bookkeeping staff. Every business and situation is different.

We can work with your accounting and bookkeeping staff, attorneys, bankers, insurance brokers and tax preparers at a fraction of the cost of a full time employee.

Outsourcing to us will reduce and control your internal operating costs, allow you to gain access to extensive additional capabilities, and allow you to focus on managing your business.

We are seasoned professionals and have the experience, expertise, education and qualifications to be your part-time / virtual / on-going Controller or CFO.

The types of services that we can optionally provide include:

•Monthly Accounting

•Accounts Payable and Receivable Management

•Financial Statement Preparation

•Cash Flow Analysis and Management

•Inventory Management and Control

•Fixed Assets Reporting

•Bank Reconciliations

•Tax Return Preparation

•Payroll Tax Compliance

•Variance Analysis and Reporting

•Activity Based and Job Costing

•Revenue and Expense Analysis

•Staff Training and Utilization

•Business Consulting and Guidance

•Accounting Systems and Controls

•Financial Analysis and Reporting

•Strategic Planning and Consulting

•Cost / Revenue Benefit Analysis

•Budget Preparation and Reporting

•Financial Forecasting and Modeling

•Treasury / Cash Management

•Negotiations for Financing and Operations

•Reorganizations, Mergers and Acquisitions

•Develop and Analyze Business Plans

•Software Selection and Implementation

•Software Training and Support

•Preparation of Policies and Procedures

We are headquartered in the Tampa Bay area; the majority of our work is handled remotely, yet, we are able to talk and work with you on a regular periodic basis.

We have over 45 years of Accounting, Management and Systems experience. Contact us for a free initial telephone consultation to discuss the immediate and long term benefits that we can offer you.

Ask us for help – this is what we do.

Visit our website www.desmidtconsulting.com to learn more about our business.

Visit our mobile website www.DeSmidtConsulting.mobi

Read about us on LinkedIn http://www.linkedin.com/in/peterdesmidt

Contact us www.desmidtconsulting.com/contactus.html

813-252-9490

Thank you,

Peter DeSmidt,

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Prepare For Year End With Our QuickBooks File Review and Analysis Services

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If you are having a difficult time with your QuickBooks, your monthly or annual reports, your chart of accounts, your understanding of your financial reports, or you have felt like you did not get off on the proper track with your QuickBooks setup, we can help.

Our QuickBooks Certified Advanced Pro Advisor, CFO, Controller and Accountant, Peter DeSmidt, will remotely perform data file review, analysis, corrections, and journal entries, of your company data file.  Act now, save money, time, and insure accuracy, on your current year, and year end, by having your QuickBooks file professionally reviewed and analyzed.

For a $400 fee we will

  • Correct postings to incorrect accounts
  • Review and analyze the company file
  • Review the company setup and make recommendations as needed
  • Insure items, fixed assets, sales tax, and chart of accounts are set up properly
  • Fix unapplied customer and vendor payments and credits
  • Review customer and vendor aging balances
  • Correct undeposited funds accounts
  • Adjust loan and credit line balances
  • Write off customer bad debts
  • Clean up stray entries
  • Locate discrepancies in bank reconciliations
  • Review and scrutinize your transactions for the year
  • Discuss your business operations, accounting requirements, and reporting needs with you

This service is for QuickBooks 2016, 2017 and 2018 Pro, Premier, Online and Enterprise (separate pricing) editions.  We will work with your accountants copy or portable copy and not interrupt your ongoing work and reply back to you, via email, with known issues, corrections and recommendations.  Not a long term commitment.  Even if you have an accounting and tax preparer firm, we can help.  We can also provide optional training, reporting, analysis, CFO, controller, coaching and hiring assistance. 

We are headquartered in the Tampa Bay area; a portion of our work is handled remotely, yet, we are able to talk, meet, and work with you on a regular periodic basis.

PETER DESMIDT has more than 48 years of Accounting, Cost Accounting, and systems implementation (including QuickBooks, Intuit, Enterprise, Passport, RealWorld, Peachtree, Great Plains, Dynamics, Sage, Direct Systems, SouthWare, ACCPAC, and Computer Associates software) experience, as well as management positions with companies like Atlantic Richfield, Signode, Norlin Industries and R.R. Donnelley and Sons.

Peter DeSmidt’s specific experience is as a CFO, Controller, Accounting Manager and Advisory Consultant. He holds a BA Degree majoring in Accounting and an MBA Degree majoring in Accounting and Computer Science. As we are a small business ourselves, we understand what it takes to get a small company off the ground and on the right track.

Ask us for help.

Email us or call us – to schedule your review and analysis, to learn more, and to discuss your requirements.  Free initial telephone consultation. Evening, weekend, and daytime telephone consultation appointment times are available. We would welcome the opportunity to work with you.

Visit our website www.desmidtconsulting.com

Visit our mobile website http://www.desmidtconsulting.mobi

Contact us http://www.desmidtconsulting.com/contactus.html

813-252-9490

Thank you,

Peter DeSmidt, BA, MBA, PA

QuickBooks Certified Advanced ProAdvisor

Microsoft Certified Accounting Application Specialist

Microsoft Certified Installation Specialist

Contact us to inquire about our QuickBooks services; or to set up a file review and analysis service.

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Unsure of Your Company’s Accounting Software Needs? Hire a Consultant

bus acctg services

By Susan Slobac

The profession of accounting is almost as old as civilization itself, but  long gone are the days of counting shells in Mesopotamia or keeping tablets in  Rome. Even the pencil and paper ledgers of just a few decades ago seem like an  ancient memory. The digital age has brought about the fast and efficient  computer accounting software that most companies have come to rely on for record  keeping and management of their daily business operations.

A quick Internet search for “computer accounting software” yields a  staggering array of results. There are countless options available from familiar  names such as QuickBooks, Peachtree, Sage MYOB, BusinessWorks and many more. With so  many to choose from, how can you tell which is the best selection for your  unique business?

This is where an experienced accounting software consultant can be an  invaluable asset. As seasoned professionals in the bookkeeping, finance and  technology fields, these advisors work with various companies and organizations  to determine effective solutions. Your consultant will walk you through the  entire process, from planning and implementation to training and support.

First, he or she will sit down with you to discuss your accounting goals.  Perhaps your motivation is to improve the company’s bottom line, streamline  shipping procedures, eliminate confusion in the human resources department, or  all of the above. Then, the consultant will help you select the software package  that most closely resembles your needs. For instance: a small restaurant that  simply desires to run more efficiently may do just fine with QuickBooks.  However, a large shipping corporation that wishes to expand internationally may  require a full MAS 90 or MAS 200 conversion. Your accounting software consultant  will ensure your business has all the tools it needs to succeed without becoming  bogged down with unnecessary extras.

Next he or she will assist with the implementation of the new software, as  well as the migration of important data from the old system to the new one. This  important step ensures account details, customer information, transaction  history and other crucial data is kept safe and accessible.

Training and support round out the benefits of hiring a consultant. Not only  can this professional provide detailed instructions to help you and your staff  thoroughly understand how to use the new software, he or she will also offer  ongoing technical support to answer any future questions and resolve issues that  may arise.

With so many accounting software choices out there, hiring a consultant to  help guide your selection can ensure a smooth transition from old methods to  new, efficient solutions.

Article Source: http://EzineArticles.com/?expert=Susan_Slobac

Article Source: http://EzineArticles.com/4585176

We have over 45 years of Accounting, Software, Management and Systems experience. Contact us for a free initial telephone consultation to discuss the immediate and long term benefits that we can offer you.

Ask us for help – we provide small business accounting, business advisory and software consulting services.

Visit our website www.desmidtconsulting.com to learn more about our business.

Visit our mobile website www.desmidtconsulting.mobi

Contact us www.desmidtconsulting.com/contactus.html

813-252-9490

Thank you,

Peter DeSmidt.

 

Getting a Rein on Organizational Functions With The Expertise of a Virtual Controller

Young speaker at a business meeting giving a presentation.

By Shoni Priyanka

Staying on top of one’s finances and working the way through budgetary restraints and defined deadlines can be one of the most daunting challenges for startup companies and other organizations. While taking care of all the issues concerned with the nature of the business, owners and management officials often find themselves at their wits end as they go about controlling all the documentations connected with financial transactions, banking formalities, accounting and taxation procedures, budget planning and other conciliatory activities which require time, energy and knowledge resources.

Under the circumstances, it certainly helps to have an external controller who takes over the responsibilities of managing the basic as well as advanced functions and processes and helping the organization work in smoother fashion.

Who exactly is a virtual controller and what is the periphery of his services and scope of work?

Well, if you do not want to employ a full time controller in house for reasons connected to finance restraints or work culture prevailing in the organization, you would consider going in for the services of a virtual controller – who works online and guides you by providing valuable management insight, customized and well prepared financial reports and value added services in the field of business decision making.

Some of the common ways in which an external expert can assist in controlling the different aspects and functionalities of your business organization are as follows:

• He / she is an experienced agent who can hold your hand and guide you through all the formalities of setting up your accounting system and package and set up the same as per your customized needs and requirements.

• As your business accounting procedures may go through certain changes after the employment of an external controlling firm or agent, they help the existing in house staff get used to the changes in the processes and also train them to use the same.

• If you already have a bookkeeper in house, then the controller co-ordinates the various processes of recoding and reporting financial transactions and makes sure that the work is done accurately and in a timely fashion. He also helps the bookkeeper in the event of any unprecedented problems or issues arising in the course of account management.

• They give adequate time to discuss the various ongoing and other pipelined projects and share their knowledge ad ideas on the department’s profitability as well as the feasibility of the various activities going on in the organization.

• Apart from fixing the asset depreciation schedules for equipments, taking stock of all the assets and liabilities and keeping a close eye on the current purchases, accounts receivable and payable, a controller also helps in tax preparation and filing of returns.

• They go a long way in planning out the strategies, helping in the documentation of procedures and policies, assisting with mergers and acquisitions and planning solutions for various issues connected with any unprecedented events which may arise in the course of the business.

The services of a virtual controller are exhaustive and cover a wide gamut ranging from the basic to most advanced functions. Cost effective and highly experienced, they help businesses get a controller function without locking up any infrastructural and other in house resources.

Article Source: http://EzineArticles.com/?expert=Shoni_Priyanka

Article Source: http://EzineArticles.com/8008926

We provide virtual and onsite Controller and CFO Services to small and medium sized businesses.

Ask us for help – this is what we do.

Visit our website www.desmidtconsulting.com

Visit our mobile website www.desmidtconsulting.mobi

Contact us www.desmidtconsulting.com/contactus.html

813-252-9490

Thank you,

Peter DeSmidt, BA, MBA, PA

QuickBooks Certified Advanced ProAdvisor

Microsoft Certified Accounting Application Specialist

Microsoft Certified Installation Specialist

Benefits of Retaining Us to Perform Your Remote Accounting Services

Business meeting

Small and medium-sized companies that are not in a position to hire a full-time Controller or CFO are often the companies that would benefit the most from the expertise of an experienced Controller or CFO.

We can take complete responsibility for the financial side of your business, or we can function purely as your part-time / virtual Controller or CFO, optionally, managing your existing accounting  and bookkeeping staff.  Every business and situation is different.

We can work with your accounting and bookkeeping staff, attorneys, bankers, insurance brokers and tax preparers at a fraction of the cost of a full time employee.

Outsourcing to us will reduce and control your internal operating costs, allow you to gain access to extensive additional capabilities, and allow you to focus on managing your business.

We are seasoned professionals and have the experience, expertise, education and qualifications to be your part-time / virtual / on-going Controller or CFO.

The types of services that we can optionally provide include:

  • Monthly Accounting, CFO and Controller Services
  • Accounts Payable and Receivable Management
  • Financial Statement Preparation
  • Cash Flow Analysis and Management
  • Inventory Management and Control
  • Fixed Assets Reporting
  • Bank Reconciliations
  • Tax Return Preparation
  • Payroll Tax Compliance
  • Variance Analysis and Reporting
  • Activity Based and Job Costing
  • Revenue and Expense Analysis
  • Staff Training and Utilization
  • Business Consulting and Guidance
  • Accounting Systems and Controls
  • Financial Analysis and Reporting
  • Risk Management and Controls
  • Strategic Planning and Consulting
  • Cost / Revenue Benefit Analysis
  • Budget Preparation and Reporting
  • Financial Forecasting and Modeling
  • Treasury / Cash Management
  • Negotiations for Financing and Operations
  • Reorganizations, Mergers and Acquisitions
  • Develop and Analyze Business Plans
  • Software Selection and Implementation
  • Software Training and Support
  • Preparation of Policies and Procedures

We are headquartered in the Tampa Bay area; the majority of our work is handled remotely, yet, we are able to talk and work with you on a regular periodic basis.

We have over 45 years of Accounting, Management and Systems experience.  Contact us for a free initial telephone consultation to discuss the immediate and long term benefits that we can offer you.

Ask us for help – this is what we do.

Visit our website www.desmidtconsulting.com to learn more about our business.

Visit our mobile website www.DeSmidtConsulting.mobi

Read about us on LinkedIn http://www.linkedin.com/in/peterdesmidt

Contact us http://www.desmidtconsulting.com/contactus.html

813-252-9490

Thank you,

Peter DeSmidt,

imagesRMWHBYUM

Small Business Year End Financial Planning

Business meeting

For calendar year companies, November starts the “End of Year” accounting process.  Here are some practical guidelines to get out in front of the End of Year and be ready and more prepared to succeed next year.

  1. Get your internal and external team on board – the Entrepreneurs, the Controller, the Bookkeeper, the business CPA, the Tax Preparer, the Payroll Service, the Attorney, the K-1 recipients, and the Personal Financial Planner.
  2. Plan for your next year Budget – review for next year revenue planning and cost control, including tax incentives for fixed asset additions – including equipment and software.  Review – is the basic financial model still sound?  Should we expand into a new line of business?
  3. Defer your income / let your receivables payments slide into January.  Payments your company can receive during January, as opposed to December, may cut your tax bill. Any deferral strategy will depend on your profit and loss for the year and your business legal structure, so check with your accountant first.  Make sure your cash flow can handle the deferred receipt.
  4. Increase expenses. If you have been thinking about upgrading equipment, software or other business items you require in the immediate future, purchase those items this year to maximize your deductions. If you can see a need for goods and services in the first quarter of the New Year, buy them now if cash flow permits.  Remember that pre-paying the expenses for the next year will have impact on the tax position of the next year.
  5. Ensure that your planned Capital acquisitions have been completed.   Take the benefit of the section 179 deduction – if you have purchased any equipment up to the current dollar limit, you may be able to claim a deduction for the entire amount for the current year.  There is no need to keep on depreciating it over a number of years.  The only condition for such a deduction is – the equipment must be installed and it must be running before the close of the year.  So you can make purchases of necessary equipment and software for your business at the end of the year and claim the entire amount as a deduction.  Remember, this deduction cannot exceed your taxable income.
  6. Decide about year end bonuses now.  If you won’t be able to give a bonus to employees who have received them in the past, tell them now, so that they can plan accordingly.  You don’t want to have that kind of negative surprise later this year.
  7. Consider raising prices now.  While you may not be able to do so, don’t overlook this possibility if you haven’t adjusted your pricing recently, and, in particular, if your costs have increased.  Also, consider resourcing many of your purchased raw material and inventory items – if you believe that they can be sourced better.
  8. Update your website – that’s an entry point for many purchasers.  Use your website to provide information that will enhance your business position as an expert company in the field.  Offer some promotional incentive to move inventory.
  9. Review your obsolete, unneeded, and slow moving inventory items.  Depending on your accounting process, you may wish to check your inventory for goods that have been damaged or have become obsolete.  Also, the end of the year may be the ideal time for a physical inventory count.
  10. Reconcile all balance sheet accounts, including Cash, Receivables, Payables, Prepaids, Accruals, Undeposited Funds, Notes and Loans, Credit Card Accounts, Payroll Liabilities, and Equity Accounts.
  11. Consider outsourcing domestically, additional areas and tasks for the New Year – CFO and Controller services, Payroll and Human Resources services, and Information Technology services.

We are headquartered in the Tampa Bay area; a portion of our work is handled remotely, yet, we are able to talk, meet, and work with you on a regular periodic basis.

PETER DESMIDT has more than 48 years of Accounting, Cost Accounting, and systems implementation (including QuickBooks, Intuit, Enterprise, Passport, RealWorld, Peachtree, Great Plains, Dynamics, Sage, Direct Systems, SouthWare, ACCPAC, and Computer Associates software) experience, as well as management positions with companies like Atlantic Richfield, Signode, Norlin Industries and R.R. Donnelley and Sons.

Peter DeSmidt’s specific experience is as a CFO, Controller, Accounting Manager and Advisory Consultant. He holds a BA Degree majoring in Accounting and an MBA Degree majoring in Accounting and Computer Science. As we are a small business ourselves, we understand what it takes to get a small company off the ground and on the right track.

Contact us for a free initial telephone consultation to discuss the immediate and long term benefits that we can offer you.

Ask us for help.

Visit our website http://www.desmidtconsulting.com

Contact us http://www.desmidtconsulting.com/contactus.html

813-252-9490

Thank you,

Peter DeSmidt

Contact us to schedule a free consultation phone call to learn more about how our year end services may be able to help you.

You Can Benefit From Our Small Business Advisory Services

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Business Consulting
Even the most qualified managers can benefit from competent, objective feedback. We can help your company’s management team develop long-term objectives and specific strategies to facilitate your business’ future growth and success.

We can provide your business with small business consulting, virtual, interim and temporary accounting, controller, and CFO services, business and financial planning, CEO and COO support, project management, cost control services, strategic planning, business valuations, business start up advice, lease purchase analysis, and outsourced accounting services.

Supply Chain Consulting
Global studies suggest that many executives rate supply related risks as the top threat to revenue. We can help you minimize risks related to supply interruptions, security threats, weather threats, labor disputes and customer demands.

We instruct our clients on how to identify, manage and monitor supply chain risks resulting in process improvements and improved efficiency.

Strategic Consulting
Strategic planning is a management process for evaluating your current business, determining your strategic direction, and road mapping your strategic plan into practical actions. A strategic plan explains why an organization exists, what it is trying to accomplish, and the tactics it will take to achieve its goals and objectives.

We will develop the business planning and financial modeling necessary to formulate a forward-thinking, evidence-based strategic plan. We can help you develop your strategic direction and then focus on specific actions to put your plan into action.

Profitability Management
Profitability Management involves integrating the pricing objectives of often conflicting functional areas of the organization into a comprehensive plan to effectively set and capture prices.

We can help you attain the greatest value for your pricing strategy by developing an optimal pricing strategy, implementing effective pricing processes, measuring and controlling price at the transactional level and integrating technology with the processes utilize for your pricing strategy.

Cost Reduction
We implement and expedite cost-savings initiatives for all types of organizations. We combine a data-driven procurement strategy with market proven purchasing techniques to provide significant cost savings to our customers.

We specialize in using financial information to identify those areas of the business that provide the greatest opportunity for expense reduction and cost savings resulting in improved value for the organization.

Policies and Procedures
Many businesses fail because they have the right strategies but are unable to put them into practice because of failures in the processes necessary to implement those strategies. Whether your business processes are broken or in need of improvements we can help you break through your execution problems.

By analyzing existing processes, identifying bottlenecks and redesigning or improving the processes we can significantly reduce costs and improve satisfaction for all stakeholders in your organization.

Systems Consulting
When considering the installation of an accounting software system, you want to be certain to get the one that’s best for your business. We can provide your business with needs analysis, accounting systems design, chart of accounts design, software selection assistance, software installation, implementation and setup, financial statement design, file conversion, training, support, and guidance.

Management Advisory Services
We can help your business identify areas negatively affecting profitability and growth and develop solutions that are practical and technically sound. In addition to acting as a sounding board for management, we provide comprehensive, flexible strategies that address the issues affecting your business.

We can provide your business with product line profitability analysis, inventory and purchasing control, employee benefits planning and analysis, operations and office procedure documentation and advisory services.

We have over 45 years of Accounting, Management and Systems experience. Contact us for a free initial telephone consultation to discuss the immediate and long term benefits that we can offer you.

Ask us for help – this is what we do.

Visit our website www.desmidtconsulting.com to learn more about our business.

Visit our mobile website www.desmidtconsulting.mobi

Contact us www.desmidtconsulting.com/contactus.html

813-252-9490

Thank you,

Peter DeSmidt

Online Accounting Services and How Small Businesses Benefit from Them

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By Amitaabh Saboo

If you manage a small business then you probably find it hard to perform bookkeeping. Online accounting services the best solution into easier bookkeeping. This is an online system that allows you to take control of all your accounts online. It is provided by accounting outsourcing firms and it gives you much time to handle other aspects of your business rather than bookkeeping, which often takes many hours. It is a convenient way to handle your management tasks without wasting a lot of time.

Online accounting services are efficient in helping you store all your accounting information on a web based system. With the allowance to access it more frequently and from anywhere it is very convenient. Besides, these services will help you cut down on the extra payment you make to a book keeper who physically comes into your premises. As long as you have an internet connection, you can always access your books.

One benefit with the online accounting services is that they avail a system where the client will have very little data to enter. Mostly the clients will use the QuickBooks software, which is simple to learn and use. Some outsourcing companies will even provide training software to their clients and they help them ease their bookkeeping tasks. The online accounting firms will help their clients ease the making of a business activity statement and handle the payroll.

Using the online accounting services will not only help you save some hours, which were previously directed to bookkeeping but you can also be assured of competence. Your records will be handled by an experienced professional eliminating any worries of making mistakes when you take the task yourself. You should remember that the professionals have the bookkeeping task as their profession and do not feel oppressed by it.

There is dire need to outsource simple tasks that do not matter much to the business such as cleaning, bookkeeping and marketing so that you are able to focus on the core matters. The online accounting services will be of great aid to you if you are planning to outsource the bookkeeping task. They will give you ample time to concentrate on other factors such as customer service and products, which are more important to the success of your business.

It is mandatory for all businesses to keep records of their transactions so that it is easy to track the movement of funds. Traditionally, the business owner would usually employ accountants whose profession is based on keeping accurate records. However, with invent of the internet it is now possible to have bookkeeping online through the online accounting services. One of the greatest benefits you will reap as a business owner is the reduced cost at which you get the service.

The Online Accounting Services also include financial analysis. Your business can keep abreast with details of its marketing efforts by having this service. It is useful where you want to lay out new strategies since it points out to your faults. Your accounting records can be presented in graphs and tables allowing you to easily see what needs to be done to make your business more efficient.

Article Source: http://EzineArticles.com/?expert=Amitaabh_Saboo

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We provide part-time virtual and onsite Accounting, Cost Accounting, Controller and CFO Services to small and medium sized businesses.

Ask us for help – this is what we do.

Visit our website www.desmidtconsulting.com

Visit our mobile website www.desmidtconsulting.mobi

Contact us www.desmidtconsulting.com/contactus.html

813-252-9490

Thank you,

Peter DeSmidt, BA, MBA, PA

QuickBooks Certified Advanced ProAdvisor

Microsoft Certified Accounting Application Specialist

Microsoft Certified Installation Specialist

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The Resounding Benefits of Carbonless Forms

By Bryan Fuller

The Uniqueness of custom carbonless forms is that they are very emphatic and  cost effective forms for your businesses. They are very simple, unique and  creative receipts. More often than not, 2 part ncr can be designed by  implementing the latest graphic design tools and techniques. On the other hand,  they can be manufactured by using full color schemes. Neither gloss nor matte  finish techniques would be used for carbonless printing. Bear in mind that  neither embossing nor debossing techniques will be used for it at all. Moreover  you have to avoid of using foil stamping and UV coating techniques as much as  you can. Therefore the benefits of using them are more than enough beyond your  expectations. For example one of the biggest advantages of implementing  corporate receipts is that they would make your industrial targets simpler and  simpler in a cost effective manner.

Secondly 2 part ncr sets would eradicate your sales pressure immediately.  With the usage of it you would be easily able to put aside your buying and  selling receipts in a trouble free manner. Another competitive edge of using it  is that it would increase both the client and customer retentions in an  impeccable shape. Furthermore it would enhance the trustworthiness in your  businesses for long time. Besides, they would definitely enhance the  effectiveness of the corporate businesses in a continuous manner. Finally we can  say that they are wonderful forms especially for the corporate industries. In  short, they are really cheap, simple and cost effective forms for the modern day  businesses globally. So please try to use them for your order purchasing  purpose.

Article Source: http://EzineArticles.com/?expert=Bryan_Fuller

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About Us

We provide standard and custom business forms printing, accounting, controller, CFO and small business consulting services. We also provide help, training, guidance, support and accounting services for QuickBooks, Enterprise, Passport, and RealWorld accounting software.  Our standard and custom business forms are printed by one of the largest multi plant commercial printing companies in the United States.

We offer a complete solution for all types of standard and custom business forms to include computer checks, continuous forms, register forms, laser forms, sales books, snapset forms, covered books, envelopes, invoice forms, receipt books, sales order forms, contractor forms, proposal forms, service business forms, general business forms and many more.

Our custom business forms can include

  • Custom logos
  • Free Composition
  • Quantities as low as 250
  • Up to three ink colors
  • Numbering
  • Up to four or five parts
  • Backprinting, blockouts, and screens
  • Perforations and drill holes
  • Matching envelopes
  • Free proofs by email
  • Fast turnaround

You can start with modifying one of your or our existing forms or create your own custom business form design from scratch.  Contact us today to request a quote and to find out how Custom Business Forms can work for you and your company.

Ask us for help and support – this is what we do.

Visit our website www.desmidtconsulting.com

Visit our online business forms catalog http://desmidtconsulting.btobsource.com

Visit our mobile website http://www.desmidtconsulting.mobi

813-252-9490

Thank you,

Peter DeSmidt,

Does Your Small Business Need an Outsourced Financial Controller?

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Many small business owners launch their business to follow a passion, whether that passion is writing, programming, Web design, art, sound & video, or any number of other industries. Your business begins to grow by word-of-mouth and soon, you’re hiring employees or independent contractors to take over part of your responsibilities rather than doing it all yourself.

Somewhere along the line, you grow large enough to hire a small business bookkeeper. Until now, you’ve managed your books yourself, either through QuickBooks or another bookkeeping software, or some system that you’ve devised yourself. Now, you’ve just gotten too big for this system to work anymore.

You hire a bookkeeper who understands financial accounting software and can manage your books on a full-time or part-time basis. This person could be an in-house employee, or maybe a local contractor. Or maybe you’re one of the growing number of smart business owners who hires an outsourced bookkeeper based in the U.S. who works virtually and communicates with you via phone and email.

Things go along well, but now that you’re not doing your own books anymore, you feel a bit out of touch with your company’s broad financial picture. Your bookkeeper can send you the reports and spreadsheets, but it doesn’t always make sense. You need someone to interpret all those numbers in boxes for you. Most importantly, you’ve grown large enough that you need a trusted financial advisor with the knowledge to help you make the best decisions for your rapidly growing business.

If you know anything about financial controllership, you might think a full-time financial controller comes with a 6-figure salary. And you’re probably right. Your business doesn’t have the budget for that — and it’s not what you need anyway.

You just need someone on a part-time basis to review your books with you monthly, provide checks-and-balances for your in-house or outsourced bookkeeper, and help you with financial planning and budgeting on a monthly or quarterly basis.

If you think you can’t afford a financial controller, think again. Outsourced controllership services are less expensive than you may think, and will save your business money in the long run with better financial planning.

You may be concerned that, by hiring an outsourced controller, you’ll be giving up “control” of your company. That couldn’t be further from the truth. A financial controller provides you with the information you need to make the best decisions for your company — but all decisions remain yours.

A financial controller doesn’t “control” your business. As a trusted advisor, he gives you the information you need to be more in control of your company.

Ask us for help – we provide on-site and remote Controllership and CFO Services.

Visit our website www.desmidtconsulting.com to learn more about our business.

Visit our mobile website www.desmidtconsulting.mobi

Contact us www.desmidtconsulting.com/contactus.html

813-252-9490

Thank you,

Peter DeSmidt, BA, MBA, PA

Our Custom Business Forms Printing

With Custom Business Forms, from us, at your fingertips, you can truly give your customers the professional experience they have come to expect from your company.  If you want to impress people and streamline your organizational processes at the same time, Custom Business Forms, from us, are one investment that makes sense.

Custom Business Forms play an important role in any successful organization.  They help your company in many ways such as conducting day-to-day work smoothly, maintaining good customer and supplier relationships, complying with statutory requirements, improving document flow efficiency, generating more business by setting your company apart from the competition, and providing a cohesive, professional, look exclusively for your company.  

 

 

 

 

 

 

 

 

 

 

 

 

About Us

We provide standard and custom business forms printing, accounting, controller, CFO and small business consulting services. We also provide help, training, guidance, support and accounting services for QuickBooks, Enterprise, Passport, and RealWorld accounting software.  Our standard and custom business forms are printed by one of the largest multi plant commercial printing companies in the United States.

We offer a complete solution for all types of standard and custom business forms to include computer checks, continuous forms, register forms, laser forms, sales books, snapset forms, covered books, envelopes, invoice forms, receipt books, sales order forms, contractor forms, proposal forms, service business forms, general business forms and many more.

Our custom business forms can include

  • Custom logos
  • Free Composition
  • Quantities as low as 250
  • Up to three ink colors
  • Numbering
  • Up to four or five parts
  • Backprinting, blockouts, and screens
  • Perforations and drill holes
  • Matching envelopes
  • Free proofs by email
  • Fast turnaround

You can start with modifying one of your or our existing forms or create your own custom business form design from scratch.  Contact us today to request a quote and to find out how Custom Business Forms can work for you and your company.

Ask us for help and support – this is what we do.

Visit our website www.desmidtconsulting.com

Visit our online business forms catalog http://desmidtconsulting.btobsource.com

Visit our mobile website http://www.desmidtconsulting.mobi

813-252-9490

Thank you,

Peter DeSmidt,

The Importance of Cost Accounting

By Uma A Ilango

Managers rely on cost accounting to provide an idea of the actual expenses of  processes, departments, operations or product which is the foundation of their  budget, allowing them to analyze fluctuation and the way funds are used socially  for profit. It is used in management accounting, where managers justify the  ability to cut expenses for a company in order to increase that company´s  profit. As a tool for internal use, versus a tool for external users like  financial accounting, cost accounting does not need to follow the GAAP standards  (Generally Accepted Accounting Principles) because its use is more  pragmatic.

It creates a financial value out of the production of a product, measuring  currency that is nominal into units that are measured by convention. By taking  recorded historic costs a bit further, it allocates a company´s fixed costs over  a specific time period to what items are actually produced during that period of  time, creating a total cost of product production. Products that were not sold  during that period of time produced a “full cost” of those products, recording  them in a complex inventory system that uses accounting methods of its own that  are in compliance with the GAAP standards. Managers are then able to focus on  each period’s results as it relates to the “standard cost” of any product.

Any distortions in expenses that were caused by calculating what the overhead  of a product is versus what a unit cost is for companies that specialize in only  one specific product are very minor in industries that mass produce that product  with a low fixed one. Understanding why it varies compared to what was actually  planned helps a manager to save a company money by taking actions that are  appropriate to correct that variation in the future. Variance analysis is a very  important part of cost accounting because it breaks down each variances into  many different components of standard and actual one. Some of these components  are material expenses variation, volume variation and labor expenses  variation.

It is a very important part of the management accounting process. In order  for managers to determine the best methods to increase a company’s  profitability, as well as saving a company money in the future, cost accounting  is a necessary system in the management of a company’s budget, providing  important data to analyze fluctuation in company production expense.

Executive level pay is based upon company performance. If the performance of  a company is not reported in a proper manner, executives make money that far  exceeds what the business is capable of and creates a false picture of a  company’s performance. This false reporting causes the stock market to balloon  by rewarding stock to companies who do not deserve it, and these methods have a  bad effect on our economy. Business accounting that honor the GAAP (Generally  Accepted Accounting Practices) creates a transparent persona, an air of trust  and respect, from the users of their financial statements.

Article Source: http://EzineArticles.com/2140873

Ask us for help – this is the work that we do.

Visit our website www.desmidtconsulting.com to learn more about our business.

Contact us www.desmidtconsulting.com/contactus.html

813-252-9490

Thank you,

Peter DeSmidt, BA, MBA, PA

Job Cost Accounting – Its Relevance and Importance

By Fayaz Ali Shahabudeen

Most companies invest a lot of time and energy into the process of job cost  accounting. To the lay person, this may seem like a lot of undue attention, but  it is an important function which does estimate the performance of the company  in relation with its expenses and revenue.

Job cost accounting takes into consideration various jobs in the  organisation, and studies the expenses which have been incurred by the function  against the revenues it has been able to generate.

There are several parameters that come clear with the use of job cost  accounting. The first helps ensure that there is a certain level of  profitability which is maintained in each function of the organisation. This  also helps understand which the weakest link is, and helps take more specific  remedial action.

Another important aspect of job cost accounting is being able to correlate  targeted revenue against the actual revenue, and similarly, estimated costs  against actuals.

Job cost accounting actually begins by studying the job and being able to  monitor all the costs which are associated with a particular job. It then tries  to collect all invoices and make sure that they are forwarded to the customer in  a comprehensive manner. Further, they also need to document and establish how  the revenues justify the costs which have been incurred.

To be able to collate an accurate record, you must be extremely meticulous  and track every record. Make sure that expenses and revenues match and ensure  all invoices have been presented properly. Rather than using vague, general  terms which could end up confusing later, make sure you use precise terms when  making any entries.

Job cost accounting may seem like a laborious, complex affair, but it is  extremely critical to the organisation as it charts progress at every stage and  sets direction for future action.

Article Source: http://EzineArticles.com/?expert=Fayaz_Ali_Shahabudeen

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We have over 45 years of Accounting, Software, Management and Systems experience. Contact us for a free initial telephone consultation to discuss the immediate and long term benefits that we can offer you.

Ask us for help – we provide small business accounting, cost accounting, business advisory and software consulting services.

Visit our website www.desmidtconsulting.com to learn more about our business.

Visit our mobile website www.desmidtconsulting.mobi

Contact us www.desmidtconsulting.com/contactus.html

813-252-9490

Thank you,

Peter DeSmidt.