Auditor Bank Global Kena Sanksi

Menteri Keuangan membekukan izin Akuntan Publik Drs. Thomas Iguna, auditor yang melakukan pemeriksaan atas Laporan Keuangan PT Bank Global International Tbk. Pencabutan izin tersebut tertuang di dalam Keputusan Menteri Keuangan Nomor 132/KM.1/2008 tanggal 26 Februari 2008 selama 12 (dua belas) bulan.

Kepala Biro Hubungan Masyarakat Departemen Keuangan Samsuar Said mengungkapkan, auditor itu dibekukan izinnya karena dinilai melanggar Standar Auditing (SA) dan Standar Profesional Akuntan Publik (SPAP) dalam pelaksanaan auditnya di Bank Global itu. Pembekuan merupakan buntut dari kasus Bank Global.

Bank Indonesia sebelumnya membekukan usaha Bank Global pada 13 Desember tahun 2004. Saat itu, Bank Global terbukti melakukan pidana perbankan dengan memanipulasi data rasio kecukupan modal (CAR).

Sejak awal, ada dugaan kuat auditor Bank Global ikut terlibat karena mengesankan laporan keuangan yang dipublikasikan disusun sedemikian rupa bagusnya. Selama masa pembekuan izin, kata Samsuar, akuntan ini dilarang memberikan jasa audit apapun, meliputi jasa atestasi termasuk audit umum atas laporan keuangan, jasa pemeriksaan atas laporan keuangan prospektif, jasa pemeriksaan atas pelaporan informasi keuangan proforma, review atas laporan keuangan, serta jasa atestasi lainnya sebagaimana tercantum dalam SPAP.

Selain itu mereka juga dilarang memberikan jasa audit lainnya serta jasa yang berkaitan dengan akuntansi, keuangan, manajemen, kompilasi, perpajakan, dan konsultasi sesuai dengan kompetensi Akuntan Publik dan peraturan perundang-undangan yang berlaku.

Drs.Thomas Iguna juga dilarang menjadi Pemimpin dan atau Pemimpin Rekan dan atau Pemimpin Cabang Kantor Akuntan Publik, serta wajib mengikuti Pendidikan Profesi Berkelanjutan (PPL), dan tetap bertanggung jawab atas jasa-jasa yang telah diberikan.

article source : http://www.tempointeractive.com/hg/ekbis/2008/03/31/brk,20080331-120109,id.html

Audit Keuangan

1. Jasa Audit Laporan Keuangan (General Audit)
Jasa audit laporan keuangan merupakan pemeriksaan atas laporan keuangan yang disajikan oleh perusahaan, oleh independen Kantor Akuntan Publik (KAP) dengan tujuan untuk mendapatkan pernyataan pendapat mengenai kewajaran dalam semua hal yang material posisi keuangan, hasil usaha, perubahan ekuitas dan arus kas sesuai dengan prinsip akuntansi yang berlaku umum di Indonesia, dan dilaksanakan sesuai dengan standar auditing yang ditetapkan oleh Ikatan Akuntan Indonesia.

2. Jasa Audit Khusus (Special Audit)
Jasa audit khusus adalah pemeriksaan yang dilakukan sesuai dengan kebutuhan perusahaan. Jenis jasa audit ini dapat berupa audit atas pos-pos tertentu dari laporan keuangan, audit atas laporan keuangan yang disusun berdasarkan suatu basis akuntansi komprehensif selain prinsip akuntansi yang berlaku umum di Indonesia, audit atas informasi keuangan untuk tujuan tertentu dan audit khusus lainnya.

3. Jasa Review Laporan Keuangan
Jasa review atas laporan keuangan yang disajikan perusahaan dilaksanakan dengan permintaan keterangan dan analisis yang menghasilkan dasar yang memadai bagi akuntan untuk memberikan keyakinan terbatas, bahwa tidak terdapat modifikasi material yang harus dilakukan atas lapoan keuangan agar laporan keuangan tersebut sesuai dengan prinsip akuntansi yang berlaku umum di Indonesia atau sesuai dengan basis akuntansi komprehensif yang lain.

4. Jasa Kompilasi (Penyusunan) Laporan Keuangan
Kompilasi laporan keuangan perusahaan adalah jasa penyusunan laporan keuangan yang terdiri dari neraca, laporan laba rugi, laporan perubahan ekuitas dan laporan arus kas serta catatan atas laporan keuangan, sesuai dengan prinsip akuntansi yang berlaku umum di Indonesia, berdasarkan dokumen, catatan dan informasi keuangan lainnya yang diberikan perusahaan.

5. Jasa Atestasi
Untuk menguji keandalan suatu pernyataan (asersi) yang dimuat dalam suatu laporan yang dikeluarkan dan menjadi tanggung-jawab manajemen perusahaan atau pihak lain. Pengujian ini dilakukan melalui pemeriksaan, review dan pengujian berdasarkan prosedur yang disepakati bersama.

article source: http://binaman.co.id/index.php?option=com_content&task=view&id=57&Itemid=107

Perubahan Peraturan Jasa Akuntan Publik

Menteri Keuangan RI pada tanggal 5 Pebruari 2008 menerbitkan Peraturan Menteri Keuangan No. 17/PMK.01/2008 tentang Jasa Akuntan Publik yang merupakan penyempurnaan Keputusan Menteri Keuangan No. 423/KMK.06/2002 dan No. 359/KMK.06/2003 yang dianggap sudah tidak memadai.

Siaran Pers Depkeu No. 26/HMS/2008 tanggal 15 Pebruari 2008

Beberapa perubahan mendasar yang menjadi latar belakang diterbitkannya peraturan tersebut diantaranya adalah :

1. Perubahan Asosiasi Profesi Akuntan Publik, yang sebelumnya setiap Akuntan Publik berhimpun dalam naungan Ikatan Akuntan Indonesia-Kompartemen Akuntan Publik (IAI-KAP) sekarang berada di bawah naungan Institut Akuntan Publik Indonesia (IAPI);

2. Menegaskan kewajiban KAP menyampaikan laporan kegiatan dan keuangan yang lebih terinci sehingga dapat menunjang system informasi akuntan, akuntan publik, dan kantor akuntan publik yang sedang disusun.

Dalam Peraturan Menteri Keuangan tersebut terdapat pokok-pokok penyempurnaan peraturan mengenai pembatasan masa pemberian jasa bagi akuntan, laporan kegiatan, dan asosiasi profesi akuntan publik. Untuk pembatasan masa pemberian jasa bagi akuntan publik, sebelumnya KAP dapat memberikan jasa audit umum paling lama untuk 5 (lima) tahun buku berturut-turut kemudian dirubah menjadi 6 (enam) tahun buku berturut-turut. Mengenai Laporan Kegiatan, telah ditetapkan formulir baku laporan kegiatan beserta lampirannya (termasuk di dalamnya laporan keuangan KAP) yang di dalam peraturan sebelumnya tidak diatur. Selain itu laporan kegiatan yang sebelumnya hanya disampaikan KAP dalam bentuk hardcopy, saat ini laporan kegiatan yang akan disampaikan KAP harus dalam bentuk hardcopy dan softcopy.

Untuk asosiasi profesi akuntan publik, seluruh akuntan publik yang sebelumnya diwajibkan menjadi anggota IAI dan IAI-KAP, kini diwajibkan menjadi anggota IAPI. Asosiasi akuntan publik yang diakui adalah IAPI yang di dalam peraturan sebelumnya tidak diatur. Ujian Sertifikasi Akuntan Publik dilaksanakan oleh IAPI yang sebelumnya dilaksanakan oleh IAI. Sementara itu, Standar Profesional Akuntan Publik (SPAP) juga ditetapkan oleh IAPI yang sebelumnya ditetapkan oleh IAI-KAP.

Dari perubahan peraturan tersebut di atas, mungkin yang cukup melegakan bagi KAP dan akuntan publik-nya adalah perubahan Pasal 3 mengenai Pembatasan Masa Pemberian Jasa.

Berikut ini isi Pasal 3 dari Peraturan Menteri Keuangan No. 17/PMK.01/2008 tersebut :

(1) Pemberian jasa audit umum atas laporan keuangan dari suatu entitas sebagaimana dimaksud dalam Pasal 2 ayat (1) huruf a dilakukan oleh KAP paling lama untuk 6 (enam) tahun buku berturut-turut dan oleh seorang Akuntan Publik paling lama untuk 3 (tiga) tahun buku berturut-turut;

(2) Akuntan Publik sebagaimana dimaksud pada ayat (1) dapat menerima kembali penugasan audit umum untuk klien sebagaimana dimaksud pada ayat (1) setelah 1 (satu) tahun buku tidak memberikan jasa audit umum atas laporan keuangan klien tersebut;

(3) Jasa audit umum atas laporan keuangan dapat diberikan kembali kepada klien yang sama melalui KAP sebagaimana dimaksud pada ayat (1) setelah 1 (satu) tahun buku tidak diberikan melalui KAP tersebut;

(4) Dalam hal KAP yang telah menyelenggarakan audit umum atas laporan keuangan dari suatu entitas melakukan perubahan komposisi Akuntan Publiknya, maka terhadap KAP tersebut tetap diberlakukan ketentuan sebagaimana dimaksud pada ayat (1);

(5) KAP yang melakukan perubahan komposisi Akuntan Publik yang mengakibatkan jumlah Akuntan Publiknya 50% (lima puluh perseratus) atau lebih berasal dari KAP yang telah menyelenggarakan audit umum atas laporan keuangan dari suatu entitas, diberlakukan sebagai kelanjutan KAP asal Akuntan Publik yang bersangkutan dan tetap diberlakukan pembatasan penyelenggaraan audit umum atas laporan keuangan sebagaimana dimaksud pada ayat (1);

(6) Pendirian atau perubahan nama KAP yang komposisi Akuntan Publiknya 50% (lima puluh perseratus) atau lebih berasal dari KAP yang telah menyelenggarakan audit umum atas laporan keuangan dari suatu entitas, diberlakukan sebagai kelanjutan KAP asal Akuntan Publik yang bersangkutan dan tetap diberlakukan pembatasan penyelenggaraan audit umum atas laporan keuangan sebagaimana dimaksud pada ayat (1).

Pada awalnya, ketentuan mengenai praktek akuntan di Indonesia diatur dengan Undang-undang No. 34 tahun 1954 tentang pemakaian gelar akuntan yang mensyaratkan bahwa gelar akuntan hanya dapat dipakai oleh mereka yang telah menyelesaikan pendidikannya dari perguruan tinggi dan telah terdaftar pada Departemen Keuangan R.I.

Sejak tahun 1986, praktik akuntan publik diatur lebih lanjut oleh Menteri Keuangan selaku regulator bagi profesi akuntan publik melalui Keputusan Menteri Keuangan (KMK) yang terus diperbaharui hingga saat ini.

Keputusan Menteri Keuangan No. 423/KMK.06/2002 yang dirubah dengan KMK No. 359/KMK.06/2003 tentang Jasa Akuntan Publik merupakan KMK yang banyak mengundang perhatian dan pro-kontra dari para akuntan praktisi karena pada KMK tersebut pertama kali diperkenalkannya pengaturan rotasi bagi praktik Akuntan Publik di Indonesia.

Melihat perkembangan yang cukup pesat dari profesi akuntan publik, maka pemerintah selaku regulator memandang perlu melakukan pembaharuan peraturan yang berkaitan dengan praktik akuntan publik sehingga kemudian diterbitkan Peraturan Menteri Keuangan No. 17/PMK.01/2008 tanggal 5 Pebruari 2008 tentang Jasa Akuntan Publik yang diharapkan dengan terbitnya PMK ini dapat menciptakan pengaturan, pembinaan dan pengawasan yang lebih efektif dan berkesinambungan terhadap profesi akuntan publik dan Kantor Akuntan Publik (KAP) serta melindungi kepentingan umum. (hrd)

article source: http://hardijma.wordpress.com/2008/03/11/perubahan-peraturan-jasa-akuntan-publik-kap-boleh-audit-6-tahun-berturut-turut/

Sikap Auditor Terhadap Jasa Audit E - Commerce

Kehadiran e-commerce saat ini bukan hanya sekedar trend bisnis, tetapi sudah menjadi suatu kebutuhan pasar/konsumen. Untuk itu diperlukannya jasa yang menangani masalah-masalah e-commerce. Namun jasa e-commerce saat ini belum menunjukkan hasil yang maksimal karena ada banyak kendala baik perkembangan teknologi, kurangnya pemahaman dan pengetahuan, hingga terbatasnya sarana pendidikan. Untuk melakukan penanganan terhadap e-commerce, dapat dibantu seorang ahli ekonomi akuntansi yaitu auditor. Bantuan yang diberikan berkenaan dengan jaminan atas tingkat keamanan dan sistem transaksi berjalan dengan baik adalah audit e-commerce. Dalam penulisan skripsi ini objek penelitian dibatasi pada permasalahan mengenai bagaimana sikap auditor terhadap jasa audit e-commerce. Tujuan dari penelitian ini adalah untuk mengetahui apakah auditor memilki sikap yang positif. Dalam penulisan skripsi ini, penulis mengadakan survey pada Kantor Akuntan Publik (KAP) di Bandung. Penelitian ini menggunakan metode deskriptif analitik yaitu penelitian dengan mengumpulkan data sesuai dengan keadaan yang sebenarnya serta memberitahukan gambaran dan analisis mengenai masalah yang ada. Hipotesis yang diajukan oleh penulis dalam penelitian ini adalah â Auditor memiliki sikap yang positif terhadap jasa audit e-commerceâ . Dalam mengambil data primer penulis menggunakan kuesioner. Hasil penelitian menunjukkan bahwa auditor telah memilki sikap yang positif terhadap jasa audit e-commerce sebesar 82,75%. Berdasarkan hasil penelitian dan pembahasan yang dilakukan, kesimpulan yang dapat diambil berdasarkan penelitian ini adalah auditor pada Kantor Akuntan Publik (KAP) di Bandung telah memiliki sikap yang positif terhadap jasa audit e-commerce. Sehubungan dengan hasil penelitian dan pembahasan yang dilakukan, hipotesis yang semula diajukan dapat diterima.

article source: http://hdl.handle.net/10364/879

Jasa Audit

jasa audit, kantor akuntan, kantor akuntan publik, akuntan, publik,
akuntan publik, akuntanpublik, kantor akuntan

Bidang jasa KAP meliputi:

* Jasa atestasi, termasuk di dalamnya adalah jasa audit umum atas laporan keuangan, pemeriksaan atas laporan keuangan prospektif, pemeriksaan atas pelaporan informasi keuangan proforma, review atas laporan keuangan, dan jasa audit serta atestasi lainnya.
* Jasa non-atestasi, yang mencakup jasa audit yang berkaitan dengan akuntansi, keuangan, manajemen, kompilasi, perpajakan, dan konsultasi.

Dalam hal pemberian jasa audit umum atas laporan keuangan, KAP hanya dapat melakukan paling lama untuk 6 (lima) tahun buku berturut-turut.

Izin usaha KAP dikeluarkan oleh Menteri Keuangan. KAP berbentuk badan usaha perseorangan yang mengajukan permohonan untuk mendapatkan izin usaha KAP harus memenuhi persyaratan sebagai berikut:

* Memiliki izin Akuntan Publik.
* Menjadi anggota IAPI.
* Mempunyai paling sedikit 3 orang auditor tetap dengan tingkat pendidikan formal bidang akuntansi yang paling rendah berijazah setara Diploma III dan paling sedikit 1 orang diantaranya memiliki register negara untuk akuntan.
* Memiliki Nomor Pokok Wajib Pajak (NPWP).
* Memiliki rancangan Sistem Pengendalian Mutu (SPM) KAP yang memenuhi Standar Profesional Akuntan Publik (SPAP) dan paling kurang mencakup aspek kebijakan atas seluruh unsur pengendalian mutu.
* Domisili Pemimpin KAP sama dengan domisili KAP.
* Memiliki bukti kepemilikan atau sewa kantor, dan denah kantor yang menunjukkan kantor terisolasi dari kegiatan lain.
* Membuat Surat Permohonan, melengkapi formulir Permohonan Izin Usaha Kantor Akuntan Publik, dan membuat surat pernyataan bermeterai cukup yang menyatakan bahwa data persyaratan yang disampaikan adalah benar.

Untuk KAP berbentuk badan usaha persekutuan, selain persyaratan-persyaratan di atas, juga harus memenuhi persyaratan sebagai berikut:

* Memiliki NPWP KAP.
* Memiliki perjanjian kerja sama yang disahkan oleh notaris.
* Memiliki surat izin Akuntan Publik bagi Pemimpin Rekan dan Rekan yang Akuntan Publik.
* Memiliki tanda keanggotaan IAPI yang masih berlaku bagi Pemimpin Rekan dan Rekan yang Akuntan Publik.
* Memiliki surat persetujuan dari seluruh Rekan KAP mengenai penunjukan salah satu Rekan menjadi Pemimpin Rekan.
* Memiliki bukti domisili Pemimpin Rekan dan Rekan KAP.

KAP berbentuk badan usaha persekutuan dapat membuka Cabang KAP di seluruh wilayah Indonesia dengan izin dari Menteri Keuangan.

sumber : http://id.wikipedia.org/wiki/Kantor_Akuntan_Publik

Accounting Software – How it Can Benefit you

Whether you are a new or well established business, maintaining your accounts can be a challenging job for any business. When it comes to accounts, many businesses entrust everything to an account. However by using an accounting software package as well you can save money and time that could be spent productively on other aspects of your business.

Choosing the right package however to do this job can often appear to be a difficult task and not all businesses will benefit from having accounting software. For those businesses that do benefit, having accounting software makes your accounts process very simple.





The detailed requirements that you will need within your accounts package depends on the type of business you have and how you run it. When choosing the right accounting software for your business it involves you deciding on your requirements and then looking for an accounts package that can meet all your overall and detailed requirements. The requirements that each accounting software have all vary, which is why it is important to consider what you will want out of your accounting software package. Some of the requirements that you may want from your accounting software include the following:





• Basic bookkeeping – this will document all your sales and purchasing as well as invoicing


• VAT calculations – allows you to keep track of VAT and to calculate your VAT


• Payroll processing – you should consider this as part of your accounting software if you have more than three employees. The payroll function calculates PAYE (pay as you earn) as well as your weekly/monthly National Insurance contributions.


• Production of management information and decision support – important if you need to prepare internal management reports periodically.


• Invoicing – every accounting software package should provide an invoicing function. Most provide an option of tailoring your invoices to your desired appearance.


• Credit control – this option highlights where customers have exceeded their limits and provides statements to chase them.


• Compatibility – you should think about whether your chosen accounting software is compatible with any other accounting systems, including the one that is used by your accountant.


• Stock control – if your business sells products then stock control is an important function to ensure that you have enough products in stock and so that you know what has been sold.





Accounting Software is application software that records and processes accounting transactions. Most accounting software packages consist of various modules/sections. The main core modules of most accounting software packages are as follows:





• Accounts receivable - this aspect of accounting software deals with the billing of customers for the use of products or services. It is where the company enters that money has been received.


• Accounts payable - this part of your accounting software is used when you receive an invoice. You add the invoice to this file and remove it when you have paid it. These invoices cover money that is owed to people such as suppliers.


• General ledger – this is the summary of all of the transactions that occur in the company. General ledger can also be known as nominal ledger and is the main accounting record of a business.


• Billing – when a business invoices its clients/customers


• Stock/Inventory – it could be important to your business to keep track of all the material/stock that you have within your business. By having stock/inventory lists it allows your business to keep control of its inventory.


• Purchase Order – when your business orders inventory you will be sent a purchase order, which is a document stating the type, quantity and agreed price of the inventory.


• Sales Order – order received by a business from a customer. These sales orders are recorded so that a business knows how much inventory it has. These sales orders may be for a product or for a service.





Accounting software could be just what your business needs but choosing the right one is highly important to ensure that you are getting exactly what you need from your accounting software.

About the Author:

Helen Cox is the web master for Synergy Technology, home of all your Accounting Software needs.



Please feel free to republish this article providing this resource box remains intact with a working hyperlink to our site.

Article Source: http://www.articlesbase.com/business-articles/accounting-software-how-it-can-benefit-you-294790.html

Author: carolyn

Suitable Accounting Software Exists for All Business Sizes

Accounting software can vary from multi million pound solutions for major public companies to simple managed lists of income and expenses. Simple accounting solutions are most suitable for small business.

The most comprehensive financial accounting packages incorporate financial reporting information and managed by teams of qualified accountants supported by accounts clerks, bookkeepers and substantial input from automated data sources. At the other end of the scale a self employed sole trader might use accounting software themselves and produce a set of financial accounts for the year in an afternoon.





Different accounting standards are required from accounting software dependent upon the fitness for purpose and client needs. Double entry bookkeeping automated through a database system and probably arranged in financial modules would normally be the choice of the majority of public companies. Single entry bookkeeping would not be an acceptable accounting solution for a limited company due to audit requirements and statutory obligations.





Single entry bookkeeping does however have its place in the market place for the smaller less complex businesses who maintain financial control through a close intimate knowledge of every financial transaction. The main objective of a sole trader is more likely to be the production of the tax accounts and complete the periodic and annual tax return forms.





The most sophisticated level of accounting software in the largest companies mirrors the accounting functions in those organisations with various financial modules for accounts receivable, accounts payable, stock control, general ledger and fixed assets. These accounting modules may also be integrated with non accounting functions such as production and dispatch functions and also divided into separate modules within the accounting function.





In larger companies the sales daybook and data entry of sales turnover would often be the responsibility of one department while the accounts receivable function might be split with a specialist credit control function within that accounting module. A further division may also include sales administration and customer records. Accounts payable would normally be multi functional of the purchasing department, purchase invoice accounts department and a legal function for overdue payments.





Accounting software for smaller companies and organisations is commonly a system of data entry of prime transactions which include sales income, purchase expenses and cash and bank transactions. The prime entry of these documents being to a database which automates the double entry accounting principles and produces both accounts receivable, accounts payable and general ledger databases.





Some accounting knowledge is usually required tom operate a database accounting software system and that financial knowledge is usually available within the company as most companies that use database accounting software also employ a bookkeeper or accounts clerks to input data and in slightly larger small companies also qualified accountants to manage the accounting function.





The need for accounting knowledge in a database system is partially to understand the data entry principles and the relevancy of the rules that need to be followed but essentially understanding of accounting principles is required to understand what is happening ton the information after input. And most important, a qualified accountant has the financial knowledge, training and experience to know what the system should be producing and how to query the database to retrieve that information.





A database accounting software system not only produces high quality financial records but offfers numerous financial control alternatives for both junior and senior business management. The accounting function also has the security of producing trial balances, periodic profit and loss accounts, balance sheets and other financial and statements for tax and control purposes.





Accounting solutions requiring little bookkeeping or accounting knowledge are available usually based uponh spreadsheets as this is the most transparent method of viewing the accounts.





Small limited companies must obtain accounting software based upon double entry accounting principles as in addition to producing a profit and loss account and a trial balance to demonstrate accuracy and integrity of the financial records plus a balance sheet is required for reporting purposes. Accounting standards require the limited company to have a system of financial control and accounting software is an essential tool in achieving this.





Some accounting knowledge either from the management or outsourcing the bookkeeping services is usually required with even the simplest database accounting solutions eve3n if this requires the understanding of what accounts receivable ledgers, accounts payable ledger and control accounts mean.





There are other possibilities and those businesses with a minimum of accounting knowledge can consider spreadsheet based accounting software. Accounting software compiled from spreadsheets is less flexible and often does not have the range of options a database system has due to the lack of database queries available. These disadvantages of flexibility being compensated by the fact that all entries are visible, transparent and changes can be made more easily.





Financially at the sole trader and self employed end of the business spectrum then the requirements from accounting software may be completely different. Gone are the sophistications of control accounts, trial balances and many aspects of financial control. The most important aspect of self employed accounting software is often to produce a set of accounts for tax purposes.





Self employed small business that do not require a balance sheet can use accounting software based upon single entry bookkeeping rather than double entry and with the reduced requirement for financial control then less financial queries to the system are required. In these respects the simpler an accounting solution the better and in this market an accounting solution written on spreadsheets that can produce the net taxable profit would meet the requirements.

About the Author:

Terry Cartwright, CEO DIY Accounting, a qualified accountant designs UK Accounting Software on excel spreadsheets and Payroll Software for small to medium sized business providing a complete accounting solution and also supplies Company Formation packages for new limited liability companies

Article Source: http://www.articlesbase.com/finance-articles/suitable-accounting-software-exists-for-all-business-sizes-298604.html

Author: Terry Cartwright

Why Shift To Accounting Software?

Before tackling the question as to why should you switch to accounting software, here are a few lines about accounting first.

Accounting in business helps in proper management of revenues and expenditures that ultimately decide whether a business is heading towards failure or success. It is a process of collecting, summarizing and analyzing the financial data of an organization.



To manage all these, you can either hire an accountant or invest in a good accounting software. And the growing popularity of accounting software suggests that the latter option is a better investment. So, do not be discouraged if you do not have any knowledge about accounting. Just invest in a good accounting software which in turn will take care of your accounts.



In fact, it is becoming a norm to purchase an accounting software application before starting a business. You can find accounting software for both small as well as large businesses. You can choose from a basket of multiple accounting software programs. Depending on the type of business you have and how you run it, you have to choose the software package that compliments your business, instead of being a limiting force.



Simply put, the main advantages of switching over to accounting software are that it saves time as well as money. No doubt, your accountant(s) may be the best in business, but the following points will make it clear why an accounting software scores over any of them:



To remain competitive in this age, your business needs all the information quickly. You can not wait for the paper works to get finished. You must be aware of what is happening in your company. Accounting software can do all these things for you.



Modern businesses are all about managing time. To smoothly run your business, all you should look for is time management.



Accuracy is another thing where you can not let your guard down. While human beings can never be error free all the time, you will find that accounting software can be 100 percent correct at almost all the times.



Another advantage of accounting software is that it will keep you updated. It works great when applied to tracking tax codes changes.



All the current accounting software are easy to use, set up and navigate. And with the advancement of technology, they are becoming more specialized, catering to the needs of specialized businesses.



Last but not the least, an accounting software helps you save money as it is a one time purchase. Also, it can grow with your business thus minimizing your future cost.



All the above mentioned points are reasons enough to make you shift to an accounting software. An accounting software will make your business management better, more efficient and easier. But, choosing the best software is the most critical thing. By looking at the websites, reading reviews and talking to former users, you can apprise yourself about different accounting software. In fact, the accounting software market is full of different types of accounting software with many different features. You just need to calculate your needs and zero down on the product that suits you the best.

About the Author:
The author writes about a number of different topics. For more information on accounting software visit http://www.managemyaccounting.com/ and also visit the article page: http://www.managemyaccounting.com/benefits-of-accounting-software/

Article Source: http://www.articlesbase.com/advice-articles/why-shift-to-accounting-software-90280.html

Author: Ashish Jain

DIY Accounting Limited Company Accounting Software

DIY Accounting produce Accounting Software for UK limited liability companies which consists of teamplates on excel spreadsheets, suitable for any small limited company aimed at automating monthly profit and loss account and a set of final company accounts with balance sheet ready for publication.

As the whole small business accounting software for a limited liability company is written on excel spreadsheets all bookkeeping transactions are visible. The excel spreadsheets have 12 monthly sheets in each work book. Prime data entry excel spreadsheets being provided for sales, purchases, cash, bank, savings account and credit card account. Financial transactions such as sales or expenses are then simply listed on the appropriate months? sheet. And changes or errors can easily be rectified by simply deleting errorsa or entering new information. This simple listing process is a huge advantage to non accountants as no previous bookkeeping or accountancy software knowledge is required.





Bank spreadsheets can be entered by listing the items that appear on the bank statement and include a box to enter the statement balance each month. The formulae within the excel spreadsheet then automatically checks that the entries made agree with the statement balance producing effective bank reconciliation. A good feature that ensures entries are recorded accurately in the companies accounts.





The simple bookkeeping entries that have been made to the sales,purchases and the bank statement is automatically transferred to the financial accounting file. In this file is a trial balance which actually automates all the double entry accounting transactions. No entries are required removing the need for users to have accounting experience. The Trial Balance is purely an accounting solution, visible and contains an audit check to again ensure the company accounts are accurate with no entries are required. The lack of entries in the area of accounting makes the product an ideal package for companies requiring a small business accounting software package.





Within the financial accounting software file is an automated monthly profit and loss account to enable limited companies to track their financial performance and very important, the package also produces a balanced profit and loss account and Balance Sheet in the correct format for submission of the final accounts. This set of final accounts automatically gathering the financial information from the basic entries made and includes the statutory notes required for a set of company accounts being published.





The package is equally suitablke for both vat and non vat registered business with vat returns produced at the touch of a button each quarter. To produce a vat return clients simply go to the vat file and select the quarter end date from a drop down menu and the figures for the vat return are automatically generated. The vat calculations can be disabled by non vat registered small businesses by simply changing the standard vat rate from 17.5 to zero making the accounting software suitable for both vat registered and non vat registered businesses.





The fixed asset schedule is preset with the capital allowance tax rates to automatically calculate capital allowances when fixed assets are entered. Depreciation is also automatically calculated with preset percentages that can be changed as required.





The limited company corporation tax liability is also calculated automatically in such a way that all the calculations; additions and deductions are both automated and visible. Capital allowances on both existing and new assets being shown on the corporation tax calculation.





Accountancy Knowledge Required





The limited liability company accounting software is based upon single entry of transactions requiring no accounting or bookkeeping knowledge. All the accounting knowledge required to perform the double entry of transactions which is a required feature to produce a balance sheet has been automated. The company accounts package has a feature so that the previous years? figures may be entered and lists of opening debtors and creditors recorded. A minimal level of accounting knowledge is required to correctly list the closing debtors and creditors and check the totals of those lists agrees with the automated balances shown on the company accounts balance sheet





Very Low Priced





At £15 the accounting software can save many businesses exempt from a full audit the need to employ an accountant potentially saving hundreds of pounds in professional fees. Hundreds of small limited companies with up to 20 employees also purchase the DIY Accounting Payroll Software which is sold separately from £14.99 and fully integrates into the Financial Accounting Software.





Other Features





The product has a stock control feature to monitor any stock losses. The limited company accounting software contains a wages interface that fully integrates the DIY Accounting Payroll Software when those files are saved into the same folder as the accounting software files. Being written on excel spreadsheets all transactions are visible and capable of being changed by for example overwriting any errors as opposed to a database system that requires new transactions to be entered to reverse previous entries. The sales and purchase spreadsheets include columns for entering CIS tax deductions and payments and the certificate numbers. The CIS tax being then automatically entered on the self assessment tax return. As the small business accounting software is written on excel spreadsheets then it is essential that users have a version of excel from 1998 onwards installed to use the program. The accounting software also works fine with an Open Source spreadsheet package.





Conclusion: to Buy or not to Buy





Exceptionally good value, very easy to use and produces exactly what every small limited company requires in a small business accounting software package, automated accounts requiring no bookkeeping skills and no previous financial accountancy software experience with the valuable end product of a fully automated final set of accounts for the limited liability company.

About the Author:

Terry Cartwright is a qualified accountant in the UK designs Accounting Software on excel spreadsheets providing complete Small Business Accounting Software and Company Accounts solutions for small to medium sized business with Payroll packages for 1 to 20 employees that automates the revenue payroll tax returns.

Article Source: http://www.articlesbase.com/business-articles/diy-accounting-limited-company-accounting-software-248613.html

Author: Terry Cartwright

Accounting Software by Stellar

Good accounting system is a crucial for any organization. Only good accounting software can maintain your account in an efficient way. With good accounting software you can make records of your inventory, sales, expenditure etc. of your organization in an efficient way. Accounting software also automates the process of retail inventory and computer inventory. Surprisingly, accounting software by Stellar Data solutions Pvt. Ltd does all of this at a very low cost? Accounting software by stellar is application software that records and processes accounting transactions which provides faster and efficient accounting system. Accounting software by Stellar has produced such a system that will generate comprehensive reports and overviews to help the business owner to better manage company accounting, inventory besides maintaining proper account of day to day sales. Accounting software by stellar is a multi-user with inventory, customers, sales, purchasing, accounts, receivables, checkbook and other biggest advantage of using accounting. It provides comprehensive solutions to every accounting problem related to your business. Good accounting software is a complex issue to handle. Implementation of good software by company results in higher efficiency, scalability and error free accounting system and helps in better co-ordination between the various departments of the company.



Software by Stellar is that it is easy to use and quickly adapts to the changes of your Business besides low maintenance and day to day basis. The advantage of accounting Software is that they are scalable and can be customized according to the evolving business needs of an enterprise. To combat the rising needs, new innovations at constant levels have been developed to provide good results and efficiency of the accounting system. Accounting software by Stellar has gained immense popularity because it is en error free software that helps organizations to maintain the accounting data in an extremely efficient way. Due to the globalization of the markets, demand for accounting software has increased manifold. Owing to expansion of business activities day-by-day, it is difficult to match with the fast business activities, which has led to the high complications in the accounting field. If we do not keep our accounts system fast and efficient. Then it will cause too much difficulty in our accounting system.



Moreover, manual handling of the account system is quite difficult and leads to mismanagement, inefficiency in the business management system. Software with lot of errors are also very much harmful for the company. This may result in loss to the company. With good accounting software you do not need to adapt one accounting system. The handling of accounting software is a complex issue. Yet there are no. of software’s related to accounts are available in the market but they do not provide comprehensive solutions to over all accounting system of the company. So Stellar Data Solutions has resolved all the problems of complicated accounting system of your business at a very cheap price. Your search for good accounting software comes to an end here. Our already used customers are very happy with the use of our software.



In latest technologies are other benefits of accounting software. Accounting software is also useful for small business purposes, financial accounting and book keeping. We do strive to maintain good relations with vendors, businesses, entrepreneurs. That’s why we have made best software that is suitable and fulfills all the business requirements Of any organization.About the Author:

Sukhdeepak Singh is the author of this article. The author has been working in the stellar Data solutions Pvt. Ltd, Customized Software Development Company for the last 4 years. The author has vast exposure in the field of website promotion. The author wants to help those who want to buy software for their daily needs in order to have a manual account for sales record, purchase, account, inventory etc.

Article Source: http://www.articlesbase.com/software-articles/accounting-software-by-stellar-431308.html

Author: Sukhdeepak Singh

The Importance of Call Accounting Software

Call accounting software is a system that records, translates and reports on telephone call activity. The software is used by most corporations to control expenses, allocate cost and increase productivity. Call accounting generally recieves Station Message Detail Records (SMDR) or Call Detail Records (CDR) from a telephone system through any of various protocls including serial, IP and file transfer.

SMDR is a feature that is available for most telephone systems and IP PBXs. The data is generally a system log of call traffic which includes call direction, date and time of the call, length of call, extension and trunk or line. There are various other pieces of information such as authorization code and account code that may be optionally available depending on the capability of the hardware. The raw or unprocessed SMDR output of the telephone system is often too volumous and difficult to read.

A call accounting software packages utilizes SMDR data and translate the information into a simplified database format for further analysis. The data is often presented in graphical, detailed or summary reports by extension, departments or other corporate levels.

The cost of a telephone call has been steadily decreasing with the introduction of peer to peer free calling, flat rate plans and bundled services. Call accounting software packages that historically focused on telephone tracking and expense management have transformed themselves into comprehensive communication management systems (CMS). These systems include extension, line, operator, auto attendant, ACD, IVR, voice mail and other facility traffic.

The ability to track call duration, call distribution, ring time, hold time and call queues has allowed leading communication management systems to analyze and measure productivity.

Toll fraud analysis remains a component of most major CMS systems. However, there now exist new threats in bandwidth hacking which can result in poor performance for VoIP traffic, security breach and network shutdown. New CMS systems pinpoint irregularities, bottlenecks and network overflows and suggest recommended corrective action.

Rito Salomone is President of Resource Software International Ltd.(RSI). To contact the author, please email rsalomone@telecost.com

RSI is recognized as an industry leader in the field of communication management. The communication management product portfolio includes tailored integration to the most popular switching and network manufactures. RSI has been granted Nortel Developer Partner status with recognition for its core portfolio as Compatible Products. RSI is a Cisco Technology Partner, Siemens HiPath Ready Standard certified, Avaya DeveloperConnect Member, Mitel MiSN Member, Adtran Complementary Solutions Provider, NEC Univerge Partner and Alcatel Applications Partner

For more information contact us at rsi@telecost.com or visit http://www.telecost.com!

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

By Rito Salomone

5 Ways to Select the Most Suitable Accounting Software

Accounting software can vary from multi-million dollar solutions for major public companies to simple managed lists of income and expenses. Simple accounting solutions are not always the most suitable for small business.

While simple accounting software may be sufficient, many features can help a small business focus on other, more important things. These features can range from automated tax compilation to specific reporting on types of sales.

Like most other products, accounting software can be paid for or it can be free. The great majority of the free accounting software products are not very comprehensive or easy to use. However, some business procedures can be greatly streamlined with free accounting software.

Although free programs are not very suitable for large companies, they can easily be used by small businesses, because they focus on simple accounting. Many people say that with free accounting software they can perform the same tasks as with a paid version.

Some accounting knowledge either from the management or outsourcing the bookkeeping services is usually required with the simplest database accounting solutions even if this requires the understanding of what accounts receivable ledgers, accounts payable ledger and control accounts mean.

Whether paid or free, accounting software must be chosen correctly to best suit the company's procedures. Here are a few pointers that should help to find the best solution available:

1. Write down the company needs. What's the main objective of your business? Do you plan on growing the company rapidly or slowly?

2. Don't get carried away by product reviews or recommendations from friends, although they should be considered. First and foremost, you need to concentrate on what's suitable for your specific business procedures and operations.

3. Don't just look at the first few highly rated products. Start with a large group of programs because it is easy to compare and eliminate unsuitable options.

4. Write down a list with all the available pieces of software. Carefully thinking about your available budget and their specifications, rule out the first few which don't clearly fall into your preferences from the start

5. By now, you should have narrowed down your list to about 2 or 3 products that meet your demands. Usually, it's best if you decide on a product made by a known company, rather than a more obscure one. Although it's usually wrong to judge by that, most of the time it is the safest bet.

Bear in mind is the user friendliness of the software, because getting technologically complicated software may make accounting complicated. Accounting software is definitely not meant to make the process more complicated. So, settle for accounting software that is easy to operate and gives accurate accounting results.

Now, if you are about to choose accounting software, make sure that it performs these basic functions efficiently and accurately. Taking time to match the company needs to the features of the program will pay big dividends avoiding time and frustration.

The author, Joe Coffee is a consultant for the online marketing firm, Web Shepherd. Visit http://www.accountingandyou.com for more tips from Joe and other writers about leading methods of accounting and small business accounting options

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

By Joe Coffee

Using Accounting Software To Make Your Business More Profitable

Producing financial accounts may well be an administrative headache for a small business and many self employed businesses put off this essential business and reduce it to an annual event. There are major benefits that small business can derive from operating the financial system as an important part of the business management.

Big business invests millions in sophisticated accounting software and financial control systems because financial management is seen as a key to financial success. Many organisations ignores these benefits relying instead on personal knowledge and in some cases not even that.

Why would a large business that is focused entirely on the bottom line and growing that bottom line invest in bookkeepers, accounts clerks, accountants, credit controllers, cost controllers, financial directors and accounting software? The answer is simple. Detailed strong disciplined financial control is essential to protecting the financial health of the business and providing the financial framework to produce higher profit growth year after year.

All business functions are important for business success. Sales and marketing provide the growth opportunities and production and operating activities produce the goods to supply that demand but the finance function delivers the framework and analysis to grow the bottom line.

Regardless of whether a small business maintains a manual system of bookkeeping to record financial transactions or uses a package it is important that regular monthly accounts are prepared. And having prepared a set of financial accounts those accounting statements should be reviewed to grow the business.

By producing monthly accounts that show the sales turnover preferably analysed by product type or source of sales the effectiveness of the sales campaign is measured in real money. Such financial information is required to determine where future sales and marketing efforts are required to improve or discontinue a failing program or capitalize on a successful program. Without measuring and analyzing sales performance management action becomes a guess game based upon intuition rather than hard financial facts.

Accounting software produces a gross profit margin the business is earning on its products. A small business when presented with the profit percentages can make decisions to increase sales prices where possible to increase the profit or reduce cost of sales as appropriate. The gross profit margin is vital to the business finances and analysing the margin to identify areas where it can be increased can significantly improve profit performance.

A monthly profit and loss account would show the level of expenditure in running the business. Reviewing the monthly trends produced will often show some categories of expenses going up and some going down. Critical review of costs can maintain financial control and improve the financial performance.

A critical financial feature of business is the level of gross profit margin in both percentage terms and volume compared with the level of fixed expenses. By using this to produce a monthly profit and loss account the business management can immediately see and understand if that gross profit is sufficient. Action should follow.

That is the benefit of accounting software, the production of actual financial figures that indicate where and how much action needs to be taken to improve the net profit earned.
That action may indicate a need to improve sales volume, increase the gross margin through higher sales prices or lower direct costs or a reduction in overhead and business running costs.

Financial questions can be asked based upon the historical evidence of the financial figures produced in earlier months compared with the current position. Such questions may identify sales opportunities that are not being fully exploited, areas where gross profit margins can be improved and cost control over excess expenditure.

With the financial control and analysis that it can provide a business financial performance can be improved and the bottom line increased.

Terry Cartwright, CEO DIY Accounting, a qualified accountant in the UK, designs Accounting Software on excel spreadsheets and Payroll Software for small to medium sized business providing a complete accounting solution and also supplies Company Formation packages for new limited liability companies

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

By Terry Cartwright

Using Construction Accounting Software to Handle Payroll - Internally vs Externally

Whether a Construction Management System receives data from an internal or external source, the most critical aspect of such data is that it be accurate and stable, since it is part and parcel of the entire business operational package and overall business health and welfare.

The jury is still out as to the advantages or disadvantages to either methodology; in my opinion, deciding whether to keep a function internal or hire it out to providers of the service depends greatly on a variety of factors, including (but not limited to) the following:

- Size of company

- Number of departments

- Number of employees

- Overall budget

- Overall business management savvy of employees

- Federal, State, local regulation impacts

- Availability of reputable outside resources for services needed

- Other similar business parameters

Construction companies must pay close attention to payroll influences on construction project profits. Without up-to-the-minute, real-time project activity data being fed into a stable, robust data collection system, companies run the risk of ultimately mismanaging projects and taking the resulting losses.

In other words, the more accurate and up to date the Construction Management System information is, better the ability to manage projects and business to perfection.

Of course, no business or project ever runs at perfection level, but the goal of any ambitious, credible and reputable Construction company is certainly to attain to as close to perfect as they can; to operate as effectively and efficiently as possible.

Good Construction Management software systems should provide all the tools necessary to tweak and improve on Construction business procedures and practices, toward that elusive target of perfection in managing the overall business. The hard part, of course, is for the user community to become avidly and eagerly engaged in using those tools to their intended best advantages.

It is imperative to thoroughly train all Construction Management System users in the proper use and input strategies; including such things as common keywords, system protocols, data standards, and the like. Users need to understand the broad view as well.

Users need to know just how important accurate payroll updates are to the entire business' health and welfare. They need to know how important any Federal, State or local regulations and reporting requirements are. They need to be familiarized with all business facets, so they can learn how their particular input causes a ripple-effect to the whole entity.

That said, it behooves Construction companies to ensure that their operational protocols are where they need to be for current best-practice functionality. That way, the marriage between the Construction company practices and the Construction Management System will be robust and will provide a solid platform for positive improvement going forward.

David Kraft is a freelance author that specializes in the field of construction management software. He writes articles that are aimed at helping construction professionals choose the right software for their business, which is often a difficult decision. Please check out his construction software site for more information

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

By David Kraft

The Lie of "Do-It-Yourself" Accounting Software

Are you self employed or are you considering it? Do you handle the bookkeeping by yourself? Are you seriously considering buying accounting software? Before you tackle the challenges of bookkeeping, ask yourself the following questions:

• "What type of business do I have?"
• "If somebody approached me with a similiar business as mine, would I be willing to do their bookkeeping?"
• If the answer is, "No, I'm not willing to do their bookkeeping," then ask
• "Why not?"

Here's my first bet: you don't want to do bookkeeping for another company, even if it is the same type as your own.

Here's my second bet: the reason you don't want to do bookkeeping for another business is because you know you are inadequately trained for the job. What if you made mistakes? How does this sound: incorrect income taxes, incorrect sales taxes, and incorrect employment taxes? Don't forget the potential for penalties and interest on those incorrect taxes, and the time involved to file amended tax returns. And how about the pure embarrassment of going through all that? You shudder at the thought of it.

And yet this is exactly your position if you are not trained thoroughly in accounting principles, yet do your own bookkeeping.

Ask this question: "If I don’t feel comfortable doing bookkeeping for someone else, why am I doing my own?" How wise would you consider a business owner who found a plumber (or a lawyer, or a retailer, or whatever you are) to take care of the books to save some money? How well would that business do? How long would it last?

You've seen it, that popular accounting package in the membership warehouse store. Can you hear it, sitting patiently on the shelf? It whispers, “You need me. You don’t need to know anything about accounting to use me. Just think how much money I'll save you, and how easy I’ll make things.”

Be careful about falling for the “do-it-yourself” seduction. That well-known package doesn’t tell you several important things:

1. Which version? Software packages may list version differences on the back of the box, but you may not clearly understand what these differences mean, or more importantly, their ramifications for your unique business.

2. Getting it right? There no internally established system for double checking your entries, so you have no way to be certain you are doing them right. Even if you get the entries mostly right, ask yourself: is mostly right good enough for my business? Is mostly right the most profitable course of action? Is mostly right an acceptable defense in an IRS audit?

3. Substantial set-up. That box does not clearly state that there is potentially a substantial amount of setting-up that remains after the initial set-up "interview," and that this process involves unfamiliar terminology that isn’t clearly explained. This is especially true for product-based companies.

4. No tech-support. Most readily available packages are packed with terrific features at an incredible price, but something important may be missing: technical support. Be sure to factor this into your decision before buying.

5. Still need an accountant. The software box does not tell you that you still need an accountant. Far too many people, to their business’s detriment, make the assumption that having accounting software eliminates or greatly reduces the need for an accountant.

Ask yourself one final question: "Which does my business deserve: a plumber (or lawyer, or retailer, or whatever you are) taking care of the books, or a competent and caring bookkeeper?" The health and future of your business may depend upon your answer.

About the Author:

Do you have a specific accounting or QuickBooks problem? Would you like to see an article written about it? Jennifer A. Thieme invites you to contact her today with your accounting or QuickBooks article suggestions. Resolving accounting or QuickBooks issues is her specialty

Email her today to receive a free initial consultation, free QuickBooks software trial, and a free payroll processing quote

She’s the owner of Solid Rock Accounting Services and has been in the bookkeeping, income tax, and payroll business for nine years. She’s a Certified QuickBooks Pro Advisor, and a Registered Tax Preparer. Her clients receive QuickBooks training, general bookkeeping, income tax, and/or payroll processing services

Visit http://www.jenniferthieme.com today for contact information

Article Source: http://EzineArticles.com/?expert=Jennifer_A._Thieme

By Jennifer A. Thieme

Importance of Accessing Your Business Needs Before Getting a Customized Accounting Software

Not every company needs a customized accounting software for their operations. For small and medium enterprises, you will not be using most features of a customized accounting software which does make any business sense for you to buy it. An off-the-shelf accounting software will be good enough for small medium enterprises.

Therefore, before you purchase any customized accounting software, you need to analyze your business needs and requirements. Different industries have different requirements, so you need to identify what works for your industry.

The main difference between off-the-shelf accounting software and customized accounting software is that majority of customized software offerings are modular. This means that you can just buy what you need now and then add more features as time goes by. An off-the-shelf software is more or less fixed with the given features - you usually need to pay to upgrade it.

So spend some time to figure out what you really need. Do you need simple accounting system to handle accounts receivable and payable? Or do you need a more complex system that offers payroll, tax accounting and financial management? By answering these questions, you will know whether customized accounting software is something that you need.

When you are choosing an accounting software, it is important to choose one which provides you with good features. Accounting software should have features like generating balance sheet and P/L statements, payroll management, tax preparation, tracking accounts receivable or payable, financial projections, purchase orders, number of inventory, etc.

Most basic accounting programs have these features, while some features are only exclusive to customized programs. So find out the exact specifications of the software before purchasing it. Also, there are some accounting programs that are available online. Online accounting programs are cheaper, easier to upgrade and allow you to implement things faster. So this is another thing that you might want to consider before buying an accounting program.

Last but not least, the software that you are getting must be easy to use. If the software is hard to use, it will take up a lot of your time to master how to use it. This usually takes up your time and company resources. So ask for a trial period to use the software so as to get familiarised with it. Most accounting software providers will offer a free trail for their potential customers - make sure that you make use of this opportunity to find out whether the software is the best for your business.

For more information on accounting software, visit the website below now:

Click Here --> Accounting Software at http://www.361dc.com

Feel free to publish this article on your website, or send it to your friends, as long as you keep the resource box and the content of the article intact

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

By Cheow Yu Yuan

Property Management Accounting Software Can Save You Time and Money

Property management accounting software can end a landlord or property manager's reliance on paper-based systems and streamline their business. Well designed property management software can make managing rental properties more efficient, which can often translates into tremendous savings of time, money and frustration.

Tracking income and expenses is fundamental to property management. When tax time arrives, your income and expense data must be readily available and well organized. Software allows you to store all that information in one place. Good software will allow you to know your tax liability right away. Besides record keeping for tax purposes, property management software allows you to quickly output reports. The reports produced by the software display the financial details of your rental property investments. These reports can then be printed and distributed if necessary.

Easily tracking rent received is another important benefit of property management accounting software. Tracking rent payments represents a significant portion of a property manager's record keeping duties. Using software, a landlord can tell at a glance which tenants have paid and which tenants are carrying a balance due. In addition, property management accounting software can allow you to store and view the rent payment history of a given tenant or tenants.

Property management software also allows you to know at all times exactly where every dollar goes. Keeping on top of income and expenses is vital to successfully managing rental properties. The ability to track prior and current expenses, both in total and at the individual property level, allows landlords and property managers to make better decisions about spending, vendors and rent increases.

Whether you are a part-time, do it yourself landlord managing a single property or a property management professional managing over a hundred units, the decision to use property management accounting software is a good one for your business. When it is time to pay your taxes or make any important decision regarding your rental property investments, software makes all the pertinent data readily accessible in one place. A good software program will keep you organized, reduce time spent on administrative tasks and help you make solid business decisions.

Saul Berger recently discovered the benefits of switching from a paper based system to using property management accounting software He now spends less time on administrative duties and more time relaxing

Saul has also begun to embrace technology more willingly. He is a big fan of hosted property management software and other web based applications

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

By Saul Berger

Top 5 Accounting Software for Small Business

1) Intuit QuickBooks Accounting Software

Quickbooks is a popular full featured accounting and payroll program designed for small businesses - or, I should say, a small business accounting software series. QuickBooks is available in Basic, Online, Pro, and Premier editions; the Pro Edition of this accounting program includes management tools such as a Vehicle Mileage Tracker and a Cash Flow Projector.

2) Simply Accounting Accounting Software

Full featured accounting and payroll package with all the features and reports any small business needs, including Internet and e-commerce features. This small business accounting software's data entry screens resemble their paper counterparts, and the screen tips and drag and drop functionality make the accounting program easy to learn. Professional versions include a time and billing module. Comes multi-user ready.

3) MYOB Plus Accounting Software

A double entry small business accounting software system with a user-friendly interface and over 100 financial and management reports. Includes a Professional Time Billing Module that is ideal for service businesses and the Officelink feature allows direct one click access to MS Word and Excel. Comes multi-user ready; just purchase an additional workstation license for each additional accounting program user.

4) Peachtree Complete Accounting Software

The Complete version of this small business accounting software program includes over 125 reports and features such as in-depth inventory, time and billing and job costing. The accounting program comes multi-user ready and "value packs" for 3 or more users are available. Peachtree accounting software is also available in Premium and First Accounting versions

5) Microsoft Office Small Business Accounting

The big selling feature of this small business accounting software is integration – and that’s a pretty big selling feature if you’re already using Microsoft Office. Being able to reuse data already entered into Excel or Outlook is a really useful feature and the integration with the Business Contact Manager makes it easy to stay on top of accounts. A slate of add-
on services ranges from online payroll through PayPal invoicing

http://www.accountpro.org/

http://www.accountpro.org/ Article Source: http://EzineArticles.com/?expert=Nipa_Wongdee

By Nipa Wongdee

Managing Accounts Using Sales Accounting Software

Sales Accounting Software is the software that is used for the solution of accounting relating problems like type of cost, controlling and managing the project's cost, enterprise and project accounting information, etc.

The basic advantage of using Sales Accounting Software is that it has a centralized SQL database that handles the information relating to accounts and cost much efficiently. This software uses web tools to collect the accounting data of a project. It is fetched as it is produced and managed in different types of input and output reports which include exact estimation and calculations of the cost and budget of the project.

This software maintains the data of the sales as to when and how much product is sold, how much tax is charged on it and the tax codes, and the report of each transacted sale. It also manages the account information of a customer such as whether his orders are processed or not, or his demand is fulfilled or is there a chance of betterment to meet customer's requirements. Funds, checks and payroll data for the employees is also maintained using this software. Moreover, sale invoices, billing reports, balance sheets, profit and loss reports, marketing, stock management and inventory control are some more features of this user friendly software.

This software is gaining popularity due to its efficiency and less time consumption. The Sales Accounting Software is a complete solution to all the problems that occur during accounting, sales, purchases and cost management of any project. As a final note, just note that the most important reason for purchasing this software is to save money in the long run. Business is all about profit and cash flow, so you will know if it's a worthwhile investment for your company if you can soundly see increases in profit.

Additional Resources Accounting Software Trial Sales Accounting Software Article Source: http://EzineArticles.com/?expert=George_Christodoulou

By George Christodoulou

The Wonders of Billing Accounting Software

Billing Accounting Software is that type of software which is used for calculating and estimating time requirement and budget to complete any type of project. This software is programmed to produce invoices and project reports whenever demanded. It also performs in inventory control, income and expenses to be spent, rental budget, vehicle and version trackers, contact management, scheduling of the project, etc.

The project management board of the project also comes under its expertise. It also manages the taxes that are charged for any project. This software also alerts the client by sending him the invoice of the cost that he owes to the company whose services are provided to him. It is popular as it can be used by many people from different professions like lawyers, doctors, consultants, professors, programmers, etc. to generate bills for their services provided to the society.

The Billing Accounting Software can calculate everything that you want to know about the budget and cost of your project. For example, it can give you an hourly report of the working and processing of the project; it can generate the amount of money to be paid by the client and also the cost to be paid to the working labor, suppliers and contractors. It has an in-built calculator which calculates the working hours and days of each worker, thus calculating the pay of each employee and informs you by setting an alarm as to whom should be paid and at what date.

The Billing Accounting Software is very easy to work as it has user friendly modules integrated in it, so people find it convenient to use this software to generate their bills and account statements very easily.

Additional Resources

Accounting Software Trial

Sales Accounting Software

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By George Christodoulou

Accounting Software Tally

In business today, it is very important to have an accounting method that is both accurate and convenient to use. This is where accounting software Tally comes in.

This software is a software program that maintains all books of accounts starting from records of vouchers, ledgers, etc. it is perfect for those businesses who deal in multiple products and prices.

It is a wonderful software program that handles different types of vouchers like Payment, receipt. It also makes adjustment entries like Journals, Debit notes, Credit notes, Sales, Purchases, Receipt notes, and Delivery notes.

This incredible software follows the double entry system of accounting and this will eliminate any possible errors. Accounting software Tally also allows the user to have a multiple tree like structure groupings. This may seem a little complicated especially if you are just starting your business, however the program is very easy to use and very easy to understand.

Tally software usage has come a long way, since the primitive usage of account methods involving the abacuses and hand written ledgers. The methods of the past were very time consuming and mistakes were often made that led to the numbers being off.

This software has been developed to cater to the needs of businesses representing the growth and needs of the customers. There is no chance of errors being made when you use this software.

It encompasses multiple products with several innovative products and service offerings for various businesses including small business, chartered accountants and software entrepreneurs. It is a fast, efficient, accurate way to maintain your business records.

Accounting software Tally's flexibility and features can be used for Gold accounting or any other bullion metals or commodities accounting. This is excellent for those who do not have the time to sit down and figure out prices that often change without notice.

Read more about accounting software Tally and all of its great benefits by visiting: http://www.tally-accounting-software-information.com/

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By Blake Allen

How to Choose Accounting Software

Choosing accounting software can be confusing. The fact is you are looking for accounting software because accounting is a complex matter that you’d like to simplify. Choosing the right accounting software will help you simplify your finances, but choosing the wrong one will only complicate matters further. It is really important that you choose your accounting software based upon your needs and not just product reviews. This ensures that your needs will be met and you will be comfortable with using the software.

There are many different types of accounting software with many different features. Personal accounting involves bank account monitoring, loan management, investments and budgeting. It is important to focus on accounting software aimed towards personal finance rather than business finance. This will help you to narrow down your choices to ones that are most likely to work for your needs.

The first step is to check out what accounting software is on the market. Look at websites, in stores and anywhere else you can find the information. You can even ask friends or family if they know of a good software program. At this point you are trying to gather information about features available and names of certain software programs.

The next step is to make a list of all the products you found out about. You can now do some deeper research. Look for information about each product. Find out the features and anything special that may make the product stand out, like products that are made specifically for the beginner.

Now you can look over your list and eliminate any that do not impress you or look like they are lacking something you will need. You should also look at how much they cost and eliminate programs that cost too much.

Once you have the list narrowed down you can try to get an evaluation code from the manufacturer. Most companies will allow you to download a demo so you can try the software yourself. This will allow you to figure out the ease of use and if you like the general layout of the program.

After you have tested the software on your list you should easily be able to narrow down your choice to one accounting software program that meets your needs.

Robert Thatcher is a freelance author based in Cupertino, California. He publishes articles and reports in various ezines and contributes on a regular basis to FreeNetPublishing.com

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By Robert Thatcher

UK Self employed Accounting Software and Self Assessment Tax Returns

In the UK anyone receiving earned income which is not taxed under the employers PAYE system is technically self employed. Anyone who is self employed and running a business in the UK must register that business with HM Revenue and Customs within 3 months of starting that self employed business and failure to do so can lead to penalty fines.

All self employed businesses must keep records of the financial transactions and submit these accounts annually to HM Revenue and Customs in the format of the self assessment tax return which are supplementary pages included in the self employed annual tax return.

Different standards for accounting by self employed business are applicable compared to the accounting requirements of a limited liability company and consequently much simpler Accounting Software can be applied. Accounting Software for a limited company invariably requires a double entry system of accounting that produces not just a profit and loss account but also a balance sheet. The Accounting Software has to deal with business bank accounts, debtors and creditors and produce reconcilable results.

While advisable for self employed businesses to maintain a separate bank account it is not an essential requirement. The Accounting Software used by anyone self employed should keep accurate records of fixed assets although it is not essential that this Accounting Software also produces a balance sheet. With these factors in mind Accounting Software for the self employed can be much simpler and greatly advantageous if that Accounting Software also produces the numerous and sometimes onerous burden of HM Revenue and Customs tax returns and working papers.

Self Employed Accounting Software Requirements

Accounting Software for anyone Self Employed does not have to be double entry. The Accounting Software can be a single entry system which makes the value of using Accounting Software based upon excel spreadsheets feasible and due to the simplicity highly desirable. Such Accounting Software being excel based is fast and easy to use, utilising all the benefits and advantages excel offers. Accounting Software that is also highly visible at the click of a button. Accounting Software on a database hides the financial transactions that the Accounting Software has to query to retrieve the required information. It is this element of an Accounting Software database that often requires some technical accounting knowledge to operate efficiently. Accounting Software written on excel spreadsheets is, due to its visibility, much easier to use and understand and requires little or no accounting experience.

Accounting Software written on excel spreadsheets makes an ideal solution for the self employed businessman. Good financial records are the key to the success of any self employed business and especially to the value of Accounting Software. A quality Accounting Software package is an essential component of your business to identify potential problem areas and capitalise on success to drive the business forward.

Accounting Software and HM Revenue and Customs Returns

Different types of Accounting Software are available for the Self Employed and some of this software has been specifically designed to cater for the precise size and requirements of the self employed business. There are basic Accounting Software packages available for the self employed business that is not vat registered and have no employees. Standard Accounting Software packages for the self employed business that is vat registered. The vat threshold limit at which businesses are liable for vat is £61,000 up to April 2007 and subject to possible changes after that date. Advanced and more sophisticated Accounting Software for the self employed who also employ staff are available with integrated payroll software included in the Accounting Software packages.

The best Accounting Software will not only produce your self employed financial accounts but also produce the HM Revenue and Customs returns. Accounting Software that has automated the vat returns each quarter, Payroll Software that completes the time consuming P11 employee deductions working papers and simplifies the P60 year end certificates and P35 employers’ annual paye return.

And most crucially Accounting Software that automates the Self Assessment tax return.

Accounting Software and Self Assessment Tax Returns

The Self Assessment tax return is a complex document for the initiated. It doesn’t have to be, for a small business with turnover under £15,000 the self assessment tax return can be completed by entering totals of self employed sales, expenses and net profit on page one. For larger self employed businesses more complex calculations are required. Capital Allowances, balancing charges, base periods and expense analysis are beyond many self employed. Self employed businessmen are experts in their field of operations and often require help with these accounting based elements that an accountant or Accounting Software can provide.

The best Accounting Software can take the simple lists of financial transactions and by clever use of formulae built into excel spreadsheets transform the year end experience by automating the production of the self assessment tax return. It isn’t impossible, if a calculation can be made mathematically then a quality Accounting Software package can automate the process using formulae within excel to produce the calculations and offer the Self Employed businessman an automated Self Assessment Tax Return.

A function that Accounting Software can do at a fraction of the price an accountant might charge for this service. Accounting Software for the Self Employed should produce the Self Assessment tax return as the end product. The Self Assessment tax return is the Self Employed end product of his financial endeavours and therefore the Self Assessment tax return has to be the end product of any quality Accounting Software.

Terry Cartwright, qualified accountant, designs Accounting Software at DIY Accounting Software that automates the self assessment tax return for self employed in the UK and DIY Accounting Payroll Software that automates the revenue payroll tax returns

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By Terry Cartwright

Home Accounting Software - Tally Accounting Software

The bookkeeping tool of choice these days is no longer paper and pencil, but inexpensive Tally accounting software as well as other home accounting software.

More than 3 million small companies use such software programs as Tally, QuickBooks, MYOB, or Peachtree Complete Accounting. These programs let you select ready made charts and easily customizable financial statements, as well as pick from a variety of accounting services such as:

Inventory

Payroll

Expenses

Etc

All which fit your particular type of business need.

These programs are so comprehensive and easy to use that you don't need to know any accounting to make them work for you. For example, they offer full, double entry bookkeeping systems without the hassle of double entry.

In other words, you need only to enter transaction information once-perhaps in a check, purchase order, or invoice-and the pertninent data will be copied into the appropriate journal, accounts and databases.

Tally accounting software and the other home accounting software relieves you of the burden of remembering to debit here and credit there, and because all the math is done for you, the calculations will be error free (not that you would make any!).

Then once your bookkeeping is in the computer, the software can help you crunch the numbers using various accounting formulas to aid you in analyzing your company's fiscal health. For example if you need to see a cash flow statement the answer is just a click or two away.

Tally 9

Tally 9 is the result of a perfect fusion between the Concurrent Multi-lingual Platform and Object Oriented Database Engine. This technology is what ensures the blazing speed, power and super-reliability.

The compelling features and MIS abilities in the Tally Accounting Software will definitely add much needed simplicity to your business operations.

The software will give you absolute control over your various processes like inventory, accounting and statutory.

There are many more capabilities with this particular software.

There are data synchronization and multi-lingual data capabilities that allow you to do business without the limiting language barriers or gaping geographical confines.

Tally accounting software is definitely what you need. It offers great speed and power with stable reliability and an ability to adapt to your business.

Learn more about home accounting software and Tally Accounting Software by visiting: http://www.tally-accounting-software-information.com/

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By Blake Allen

Checklist for Best Business Payroll Accounting Software

The number of small businesses continues to rise. Not all people are like the bigger companies that are able to hire some professional payroll personnel. Paper accounting is actually starting to be considered obsolete and the smaller businesses today are requiring accounting payroll software solutions which would be able to help in saving time, money and effort simultaneously.

Here is a payroll accounting software checklist.

1. The software solution you would be getting must include and use the latest payroll tax computations.

2. The software that you would be purchasing must save you and your company time.

3. The software that you would be using should be able to assure invoices, statements, compatibility checks, payroll tax forms, printable catalog and more.

4. Regardless of the amount of revenue that is generated by your company, you would be needing an accounting software that would be used by your small business that has less than 500 employees.

5. Check that it has real-time modules that could be personalized and customized , based on the operators that is within the same file, which would keep your data updated and readily accessible.

6. The payroll accounting software that you would be using must be portable to the 600 various platforms.

7. Verify if the improvements of the software has been developed.

8. It must have a culmination of checks and payroll, general ledger, after the fact journal, accounts payable, as well as payroll system and accounts receivables.

9. Your chosen payroll accounting software must have the ability to accommodate different types of client reports.

10. It should also be flexible and versatile enough to handle a significant amount of data entry.

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By Bill Pratt

Real Estate Brokerage Accounting Software

In the dawn of the new millennium, more innovative technologies have been launched. Unmistakably, it has added more value to the contemporary lifestyle. It has been coupled as well with more perks in any kind of industry, be it in business, communication and medical, among the others that largely benefit from it.

Sage MAS 500 ERP

Best suited for companies that have more than a thousand employees, this is among the real estate brokerage accounting software distributed by Sage. It is highly- reliable with strong series of applications that includes the entire fields of enterprise management. It also covers the areas of accounting, budgeting, distribution and payroll, among the others. This product is compatible with Microsoft tools, equipment and architecture that will grant a scalable, full- featured and flexible solution. Sage MAS 500 ERP has applications on advanced manufacturing, general ledger, inventory replenishment, product configurator and many more.

Microsoft FRx

Giving mid- market segment and business control of the whole pecuniary reporting method, this is among the real estate brokerage accounting software distributed by Frx Corporation. This needs no guidance from information technology specialists as it has a user- friendly environment. It has help a lot of accountants, controllers and executives to perform their work in a more efficient manner. Allowing to immediately create valuable financial documents, it has a built- in accounting intelligence that links to an organization’s current records. Microsoft FRx has applications on FRx desktop, FRx enterprise and FRx professional.

Sun Systems 5

Enabling managers to organize their structure by delivering fiscal information that can be easily interpreted, this is among the real estate brokerage accounting software by Systems Unions Inc. Its greatest features are that the different dimensions of executive activity can be mirrored sans the need to prescribe a data association ahead. Sun Systems 5 has applications on accounts payable, accounts receivable, inventory management, professional services automation, collect, connect, financials, analytics, multi- currency, purchase requisitioning, purchase management and sales order management.

Traverse

Offering a complete suite of accounting applications and distribution submissions, this among the real estate brokerage accounting software distributed by Open Systems Inc. Very flexible with customization and productivity, its source code is available in order to meet with whatever needs there are. The enterprise edition is equipped with mid- market ERP solution that has windows 2000 ready, accommodate middle to large market solution, SQL server database, Visual Basic, Microsoft Access Client, multilingual capabilities, stored procedures, transaction processing, oped database and data application, among the others. Traverse has applications on accounts payable, accounts receivable, advanced financial analyst, bank reconciliation, bill of materials, fixed assets, general ledger, inventory, not for profit, payroll, project costing, purchase order, sales order, service director and system manager.

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=>http://brokerage.need-to-know.net

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By Milos Pesic

Construction Accounting Software - The Importance of Capturing Payroll Data in Real Time

Construction Accounting Software that does not include the capability of capturing payroll figures and data in real time might be comparable to using a cordless drill without a battery. Basically, it just does not work very well!

Indeed, since payroll is an inherent piece of any construction project accounting, reflecting construction manpower labor costs, it is paramount that it be as up to date as possible, to ensure charges to projects are properly directed, and to help project managers and company financial folks keep abreast of day to day project cost impact from payroll figures.

Additionally, depending on specific company structures, some construction companies might have graduated payroll impacts based on employee skill levels and actual pay. Thus, up to date, accurate payroll data keeps the construction project actual costs in view at all times, without the need to extrapolate, interpolate, or otherwise estimate up to date figures.

Real time data is always best, if available, since it leaves little question or confusion about the overall project accounting from day to day or week to week. If the data is days, or even hours old, it can lead to ineffective monitoring and poor accounting controls of the overall project package; which then can lead to unacceptable outcomes with regard to profit and loss.

Many of today's Construction Accounting Software packages typically offer as much real time data as is practically available, for good reasons. Today's market economy demands no less, since everything is moving at such high speed and projects are always under great potential for risks, if the data is anything less than spot-on.

While it is necessary to maintain accurate construction project costs, real time data can also become an administrative nightmare, as it relates to manpower allocations and the like.

For example, we know that very few construction projects are actually executed exactly as they are initially planned and estimated, due to last minute on-the-job changes in equipment or manpower availability or other similar unforeseen glitches common to such projects.

If a field supervisor needs to get a particular piece of a construction project completed at a particular time, and the only personnel available are not the ones initially planned (and monetarily accounted for in the project budget), actual costs for that piece of the project might reflect over or under charges, depending which personnel were utilized, with real time payroll data collection.

It goes without saying that some measure of flexibility must be built into any effective Construction Accounting Software package for reasons like those mentioned above. Field supervisors need to be able to deviate somewhat from the initial plans, so they can continue to move forward toward project completion on time and, hopefully, within budget!

David Kraft is a freelance author that specializes in the field of construction management software. He writes articles that are aimed at helping construction professionals choose the right software for their business, which is often a difficult decision. Please check out his construction software site for more information

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By David Kraft