Many new business owners are so excited to get their doors open and gain clients, offer the best customer service and start making money their accounting needs are often last on the list. Behind your day-to-day operations lies one of the most important elements of your business-your financial books.A small business accounting consultant can help not only new entrepreneurs but also those not experienced or educated in the accounting cycle but well versed in entrepreneurship. Some of the services an accounting consultant firm can offer include:Initial Set Up of Accounting SoftwareThese professionals can help set up your accounting software including a chart of accounts dedicated specifically to your business. A consultant can set up any schedules, journals and train your staff on utilizing the system accurately such as how to make journal entries and produce financial reports.Having an accurate set of books is a necessary must! While many accounting software programs advertise their ease of use, if you don’t know what you’re doing, you can make a mess of a your financial books quickly.Turning to someone with the expertise to set up and review your software or even help you choose the correct software is just one way an accounting consultant can be a lifesaver.Tax ReturnsIf you’re lost on business tax Internal Revenue Service (IRS) forms 1065 or 1120S, find accountants who can help you via the consulting route. You can utilize their professional expertise to complete the entire tax return or work with them to understand how the process is completed.These consultants utilize source documents they have help you set up in your accounting system such as income and expense statements, balance sheets, the trial balance and required schedules such as accounts payable and receivables. They also help you determine your stock basis at year beginning and end, owner’s equity and retained earnings. Finally, if you need to make year-end adjusting journal entries, they can walk you through this process as well. A clean set of books is needed each year for every business.Financial Advice and GuidanceThere may be times when you will need an accountant consultant to help explain your financials to possible investors via an audit. Audited financials are often the most trusted and will entice those looking to invest.A consultant can also provide your bank requested financials on a monthly or annual basis. If your business is a franchise and requires monthly and annual accounting to the franchisor, a consultant can help in this area as well.When it comes to investing in buildings or equipment, your consultant can guide you on whether the investments are smart ones. For all your depreciable assets, they ensure the depreciation method you are utilizing is legal in the eyes of the IRS.If you are audited by the IRS, accounting professionals can ease the process, especially if they are familiar with your software, source documents and tax returns. This alone is one reason to hire an accounting professional to ensure they are there when you need them.A Necessary ExpenseUnless you’re a CPA, you will need to find accountants to help you throughout the year and at tax time. Because consulting is become popular in today’s economy, seek out an accountant’s directory by browsing the many providers listed on B2B online directories.Because you need your financial records to be 100 percent accurate, this business expense is prudent and wise. Search for a small business accounting professional or post a request for help on an online business marketplace before you find your books are a mess.
Are you one of those people who don’t trust banks and would rather keep substantial cash within the home or office? With the rising rates of criminality in the neighborhood , don’t you think it’s a big hazard to be keeping cash and jewelry right inside your own home? Perhaps, what you require is really a cash safe to offer both security and protection for your cash and other valuables should any unseemly happen within the home. It provides the peace of mind that should a burglar enter the home, the precious possessions are secure on the cash safe that’s bolted firmly either to the floor or the wall. If you are tentative about purchasing a safe thinking that it could be quite expensive to your requirements, you will discover items that can be affordable like chubbsafes. However, a cash safe is an investment that will certainly be suitable for your requirements for safety. Cash and valuables are certainly tempting especially if you do not put much importance on its safety. In terms of access, you could be assured that not a soul besides you or whomever you trust will be able to open the safe and get hold of the contents. Affordability shouldn’t be a factor in your hesitation to get a safe as you can find reasonably priced safes in the likes of reconditioned safes, used chubbsafes and secondhand safes. Meanwhile, there could be an alternate with bank safety deposit boxes even for those who have limited access according to working hours and requirement to travel. With your own personal safe, you gain a similar protection furnished by safety deposit boxes with the effortlessness of getting it right inside the home and also the absence of rental fees. In times of disaster, you simply have to open the safe and access whatever amount is compulsory. Perhaps, the higher advantage is the security against fire and other fortuitous events like floods. Due to technological advances, a lot of the recent safes are both fireproof and waterproof. If the home is found in a place where there are high incidences of wild fires, your chubbsafes are generally the best protection provided for the cash, jewelries and irreplaceable documents. Security is currently the factor that most owners tend to offer the home however, there are occasions when you have no control over certain events. Should anything disastrous happen, you are going to be glad you have a safe whether it is solely the reconditioned safes or secondhand safes as it is going to save your most dear possessions from any eventualities.
Financial Services – The evolving environmentAn account deposit is a simple credit to an account – can there be different ways of doing it? Ask a Banker and the response would be a resounding “YES”. It could be a drop box deposit; alternately cash deposit at an ATM; mail-in deposit and over-the-counter deposit are just some of the different ways which come to mind immediately. These are the varieties within a bank; across banks the variety increases further.The moment we consider any activity where decisions are involved, each financial institution has some nuance which is different, process is different. To a certain extent this variation is driven by the traditional approach to banking. However, additional factors which weigh in today are also around availability of information which might impact the decision as also the regulatory environment.Traditional Approaches in Testing & ChallengesTraditional testing approach is more like an extended arm of various popular software development models like the Waterfall Model. Various methods still in vogue include: reviews, walkthroughs, inspections (Static testing), test case design and execution (Dynamic testing). Manual testing is the oldest and most prevalent approach to testing even today. It requires the tester to do a rigorous round of manual test operations.With increasing complexity of functionality and the requirement for thoroughness in testing, the time and effort being spent on testing as a percentage of total project time has been steadily increasing over the years (refer figure 1). One of the major reasons for the same is driven by the complexity of applications compounded by the straight through processing (STP) of various transactions.To achieve adequacy of test coverage, today’s testing approaches have built on the traditional approaches by mushrooming the test scenarios and test cases thereby ensuring apparent adequacy of testing and reducing the possibilities of any errors during the operational environments. While it does improve test coverage, the traditional mapping to functional requirements does not necessarily ensure 100% test coverage. Additionally, it adversely impacts the testing effort and cost of testing.Scenario Based Testing – Achieving testing efficiencyIn today’s environment where budgets are shrinking, leveraging such a ready-made asset with the speed and maintainability advantage does create a stronger business case for adoption, especially if the process map parallel enhances the organization documentation levels, achievable as a by-product from a highly efficient testing approach.For End Users and Service Providers alike, adopting the approach requires some basic investment in creating the assets (process flows and scenarios). However, the return on investment is realized through the training it imparts to the asset creation team on domain knowledge as also the premium realized from shortening the test cycle for any client. The advantage from optimizing the test cycle due to focused scenarios and the upgrade of organization documentation on processes forms an attractive proposal to prospective clients.
A successful financial plan or a plan to address accumulated wealth requires much more than an assembled report or analysis with recommendations. Many times a person that is nearing retirement or has accumulated wealth has a written plan created and then shortly thereafter, finds it to be stored on a shelf or in a drawer and is never really looked at again.As a great contributor to the financial profession, Dave Ramsey, once stated, that financial planning is 20% planning and 80% behavior. There is a lot of truth in this statement as planning not only involves the behavior of the individuals or family doing the planning, but also the advisor who may be engaging them in putting together a financial plan.Financial planning is very much a process and not an event. Planning includes specific goal identification, exploration of individual and family values and purpose, the establishment of a team of trusted advisors, careful construction of a strategy, tactics and selection of tools, implementation, and careful monitoring. Each of these areas requires careful consideration and understanding.Establishing goals and what is Important to you- It can’t be stressed enough how important it is to spend plenty of time in this very first step in the financial planning process. Although this step is standard within the financial planning process, it often requires more emphasis than actually occurs. Ample time needs to be taken in planning to correctly identify goals that are the most important, and assure that accumulated wealth is being aligned with purpose and values in a way that creates fulfillment in the future.Careful selection of your team of advisors – Selecting advisors is like assembling an award winning sports team or business team. Not only should you select advisors of the highest competence, objectivity, and reputation, but also a team of advisors that are willing to communicate with each other and work together. One of the challenges that an individual has in forming a team of advisors, is the disconnect that commonly exists between the financial advisor, CPA, estate planning attorney, business attorney, etc. It is important for success that a team of advisors are willing to communicate with each other and work together on your behalf.Developing the Financial Plan – This step involves construction of a written plan that is coordinated with your team of advisors and involves careful consideration of planning strategies, development of the tactics and careful selection of the tools for each area of your plan. Whether a financial plan involves the design of investment portfolios, a plan to successfully exit a business, an estate plan, legacy plan, or all of these areas in one comprehensive plan, a plan needs to be designed in a way that connects your wealth with your purpose, values and stated goals.Implementation of a financial plan – This step requires teamwork and communication. A detailed action plan needs to be published and followed by you and your family as well as the advisors that are involved. It is recommended that a system is in place that enables you to follow through with the required action steps. The action steps need to be specific and have precise dates for accomplishing them with communication for tracking the status.Monitoring your results – This step often causes a plan to fall apart. Regular monitoring is required, frequent communication is important, but most of all commitment from you and your advisors to follow through and work towards achieving your goals. It’s like running a business, in that having the proper systems in place, discipline and focus becomes vitally important to successful results.This is a short description of a successful financial plan. Although, there are many details that need to be considered, it is important to realize the various steps and how to follow through with these steps to help assure your success.
Small businesses need working capital loan to expand their business or hire additional labor. It is the life blood of any business and is eventually be required for growth and expansion. Before we delve deeper into working capital loans, we must first understand what working capital is.What is Working Capital?You get working capital when you deduct total current assets from current liabilities. Examples of current assets are inventory, short-term investments and cash in bank. Current liabilities include short-term debts, accounts payable and line of credit. When you deduct current assets from current liabilities, you get a clear idea of your business position. To be successful in business, you will need positive working capital. Positive working capital shows that you are able to pay off your current debts. Nobody likes a negative working capital that usually signifies a company’s inability to meet short-term liabilities.Is it important to raise working capital loan?It is important for a small business to understand working capital needs. Eventually, a company requires loan for working capital so that it can set up new targets, expand business or hire new workers. With working capital financing, companies can have options when it comes to raising their capital. They can select from a wide selection of loan options such as; credit card factoring and small business loan applications. Of these, applying for a temporary loan is a wise decision. There are companies that extend loans to small businesses so that they can look forward to expanding their business.While applying for a business capital loan is easy, it is crucial to check for repayment options. You don’t want to fall in a debt trap and so it is important to carefully review a company’s terms and policies before applying for a loan. You should also check whether the company is self-funded or not. Self-funded companies are flexible enough to help businesses raise working capital loan. Where banks and similar establishments fail to offer loans due to strict underwriting rules, it’s only these companies that come forward to help businesses raise working capital.Before applying, make sure that you give good reasons for raising a loan. Moreover, a profitable business will definitely help you secure a loan for your expansion needs. But make sure that the loan repayment terms are flexible. The company should allow businesses to easily repay the loan over a period of time. Once you are assured of repayment terms and other information, you can apply for a loan.
For those who need a bit of further assistance to enjoy their wedding ceremonies and holidays, More Financial Ltd has come up with some tips to guide the individuals More Financial Ltd.July 2012 – Everyone knows that the wedding ceremonies play an important role in binding two individuals together. It is a fact that a wedding ceremony is one of the most beautiful ceremonies that you ever attend.Everyone tries to look good rather beautiful, and handsome. However, there are some critical conditions that some families face, and for that reason, they are unable to enjoy the happiness of wedding ceremonies. In addition, many people also love to enjoy holidays at their preferred places; however, it is very difficult for someone to arrange a trip for his family on holidays.For all those who want to enjoy to the full at the wedding ceremonies and holidays, More Financial Ltd offers a unique rather an effective way to cope with all such critical conditions. The exclusive wedding and holiday loans of More Financial Ltd makes you feel to be happier than ever.As a matter of the fact, More Financial Ltd presents its regulars to submit an application for a wedding and holiday loan online. A wedding or holiday loan will lend you a hand to revolutionize to enjoy the happiest moments in your life. But, the matter of the fact here is how to get the loan for yourself.Actually, More Financial Ltd centers of attention on the ease of use of the loans to its clientele. It is exceptionally straightforward to submit an application for an online loan with the intention of getting your funds. You have to minimally visit the website of More Financial Ltd, and put in your related details there.The mortgage request is alienated into four parts based on its nature. The initial ingredient includes the loan details. The most important information that you have to submit here is interrelated with the sum of funds, reason of the loan, and the Loan tenure in months. The individual particulars take account of your name, surname, your address, phone number, mobile number, e-mail address and your date of birth.What’s more, your address and the service fine points are incorporated that you have to complete with the intention of completing the request form. If you are done with your wedding or holiday loan application form, you simply have to submit the application. After a few days, the company’s professional staff team will contact you on your provided contact numbers. In this way, you can also get a chance to enjoy with your relatives, friends, colleagues, acquaintances and many others.About More financial Ltd offers its customers with a very effective method to borrow money for a lot of purposes. Those customers who need an extra amount of cash for various, can apply online on the website in order to borrow money from the company. The money is lent for numerous reasons including car, wedding, debt consolidation diminution, holiday, home improvement, and for other purposes. The needy customers can fill up an online form including information of the customer. The customers have to include some important information including the amount of the loan, the reason for the loan, and the time frame for returning the loan. For those who want to apply for an online car, wedding, debt consolidation diminution, holiday, home improvement loan, they can visit for more information.
Money Matters Financial Services Ltd. – One of the fastest growing Financial Company in India, was established in 1997, by Mr. Rajesh Sharma. Money Matters Financial Services Ltd. is a Non Banking Financial Services Company (NBFC) and is categorized as a non-deposit taking systemically important i.e. (ND-SI) NBFC as declared by Reserve Bank of India.Money Matters Financial Services Limited was started in Mumbai with the help of Rajesh Sharma’s determination and gifted core values of excellence, integrity, passion, knowledge and distinctiveness. Rajesh Sharma’s Money Matters has grown up to a whooping net worth ofRs. 750 Crore.Money Matters Financial Services Ltd. provides services in debt syndication, debt placement and financial restructuring. They also provide other services like investment banking and corporate finance advisory, private equity funding and equity broking for high net worth individuals and organization. Money Matters is involved with the projects like Real Estate, Power, Telecom, Hospitality, Retail and Financial Services. With the corporate giant like TATA Group, Birla Group, Reliance ADAG, Adani Group, Jindal group, Future Group, Bharat Forge and DLF.Money Matters Financial Services Ltd. believes in building the long term relation with clients by providing services at their doorsteps.Money Matters Financial Services Ltd. successfully completed QIP placements in 2010 and raised Rs. 445 Crore to meet the funding requirement and capital expenditure for proposed asset financing business to the house products such as bridge Financing, Corporate Loan/ Project Financing structured Product Funding, Pre- IPO Financing etc. to the corporate industries. The house has corporate lending fund of total Rs. 330 crore till Feb, 2012 which is a huge jump in terms of growth. By looking at the above stats and milestones achieved we can say that Money Matters have surpassed all the bars and grown. Credit for this goes to none other than Rajesh Sharma and his fellow associates who dreamt of building Money Matters as one of the most renowned financial firm in India and now they are living their dream!Rajesh Sharma, Chairman and Managing Director, Money Matters Financial Services Ltd. is a Chartered Accountant who brought Money Matters to such a height today that now it’s competing with leading financial firms today.