|
|
| www.1001TopWords.com |
|
|
Romford Accountants: Accountancy Firm Roles and Responsibilities
If you own or operate a business in the UK, especially in Romford, then you know how time consuming it is to not only run your business but to also make sure all of your financial bases are covered. I want to help you understand some of the common roles and responsibilities a Romford based accountant / accountancy firm may face in a given day. Good accountants / accountancy firms will provide advisory services in addition to crunching numbers. They can help you choose the most optimal business entity structure for your needs, create an operating budget, or even what financial software to use. They will also help you to determine what reports you may need to give you the information to run your business more profitably, while answering any questions you may have in a approachable, down to earth manner. One of the most important roles an accountant or accountancy firm will take on is maintaining good records. Keeping good books is the foundation in which all accounting rests. Statistics have revealed that almost 80% of business failures resulted from inability to avoid certain conditions that adequate records would have disclosed in time to correct. If you decide to hire an accountant or accountancy firm to handle your books, you could expect them to handle day to day tasks such as; Accounts Payable, Accounts Receivable, Reconciliation of Bank Statements, Reconciliation of Credit Card Statements, Trial Balance, and Financial Statements. You should expect weekly, monthly, quarterly and semi-annually reports. If applicable, your accountant should also prepare quarterly VAT Returns. In addition, most accountants / accountancy firms can also take over your payroll responsibilities. As you can see, outsourcing the above can be very convenient but if you so desire, some accountants will even train you or your employees to handle your own books in-house. Keeping books is only the foundation of the profession. One of the most important steps of all still remains. Preparation of Management Accounts Reports is one task that your business can not live without. These can be prepared monthly, quarterly or half yearly and will help you to make informed decisions that can help keep your business from becoming a statistic, failing from decisions made on outdated information. If you have been looking at Romford Accountants or UK Accountancy Firms, take a look at Auxesiaonline.co.uk. OurAccountancy Firm can help you with any of your personal or business financial related needs.
|
|
|
|
RELATED ARTICLES
Treat Employees Fairly, Car Wash Entrepreneur sets Industry Standards I believe that whether corporations expense their stock options is besides the point, especially when the stock is worthless. We have studied over the years the rift between employees and employers and we have discovered many great brand names are eventually destroyed from internal strife and friction within the company itself. Many great corporate leaders and thinkers of our era have discussed this at length. Tom Peters, consultant and author has discussed this in speeches and in many of his books. The book "Built to Last" discusses what makes and breaks great companies, from their mission statement to their employees and sense of team spirit. The late great Vince Lombardi had many comments on the subject of Team Work. Winston Churchill and General Patton, even Von Clauswitz, which both leaders had read frequently in understanding the will to win and rules of engagement, discussed the frontline and the dedication needed. Employee Turnover: Seven Reasons Why People Quit Their Jobs There are many reasons why good employees quit and go to another company, perhaps even your competitor. Most of the reasons start with management and most are preventable. Good people don't leave good companies, they leave poor managers. Here are seven reasons. Are they prevalent in your organization? Management demands that one person do the jobs of two or more people, resulting in longer days and weekend work. This turns into a morale killer not only for the person but for the team. Innovation Management ? IBM Opens Lid On Its Treasure Chest IBM, which registered 3248 patents last year, has decided that sharing technology can sometimes be more profitable than jealously guarding its property rights on patents, copyrights and trade secrets (Herald Tribune, April 11 2005). Plan for Business Success - 6 Reasons to Succession Plan Succession Planning provides many valuable assets to your business. Yet it is easy to do, with a game plan. Here are some reasons why the business leader will find it a useful issue to put some focus on. Implementation the Catalyst of Change for Management to Reach that Next Level of Success From the personal and professional experiences of other colleagues and myself, one of the more critical success factors for management is implementation. Through my observations, I have discovered that people and organization spend a great deal of resources including time, dollars and the cumulative total of the energy generated from these efforts to create business or strategic plans. Yet, these very same costly plans languish in a manager's desk drawer or on an executive's shelf. The incredible inspiration power within these plans lay untouched because few individuals understand how to implement the plan. How to Say No Rejection hurts. No one likes to give it or to receive it. We all wish we could live in a world where everyone said "yes." And yet sometimes you have to say "no." Steps to Build ISO 9001 Compliant Program Implementing an ISO 9001 system represents a major effort. However, all of that effort can represent a significant shift for a business - from quantity to quality. And this could make sure your business gets the desired results. Preparation: Your Companys Best Defense in Case of Catastrophe You've hung out your shingle and are ready for business. But what if something unforeseen were to occur? Is your business truly ready for all that being in business entails? It only takes one catastrophic event to adversely impact a once thriving business. Recent world events: 9/11 destruction of the World Trade Centers and the Pentagon, the tsunami in Asia, along with other natural disasters act as a constant reminder that being well-prepared is often our best line of defense. Are You Using the Right Form of Energy? As we near the end of summer, here is a question I have for you, "Are you using the right form of energy to grow your business?" Are you having trouble growing your small business as fast as you want? Are you making all the right moves and still the business just inches forward? Read this article and see if you are using the right form of energy to grow your small business? Tales from the Corporate Frontlines:Choosing an Effective Employee Recognition Program This article relates to the Recognition competency, commonly evaluated in employee satisfaction surveys. It tells the story of how one company found the right recognition program by paying attention to employee feedback. This competency also explores what type of behavior is appreciated and rewarded within your organization. Studies show that employees who receive regular recognition and praise are more likely to increase their individual productivity levels, increase engagement with their colleagues, and stay longer at the organization. Evaluating this competency can be especially useful if your organization is experiencing low productivity levels or ineffective teamwork. Management Consultants, Creativity, Innovation Most firms have intelligent, capable, knowledgeable managers who are very good at day-to-day problem solving. So why do they need management consultants? There are occasions when consultants bring in specialist competencies, but if that is not the case then their value only really lies in their outside perspective - their ability to frame break from the "company way" and their ability to come up with and implement good ideas that would not otherwise have been thought of. Resistance - How to Handle It Do you ever meet with resistance from other people - I betyou do! It might be a customer, a colleague, a member ofyour team or even someone in your personal life. Dealingwith resistance or objections is one of the biggestchallenges faced by business people; so let's consider whywe get resistance and how we can handle it. I'm going totalk about customer contacts but the same rules applywhether it's a colleague or even someone in your personallife. Comparing Ancient Programs from the East to Modern Programs like Stephen Covey. Comparing Corporate and Personal goal attainment programs that have developed over thousands of years with those of modern day legends such as Covey - "The 7 Habits of Highly Effective People" Six Honest Business Friends - They Guide Me In All I Do SIX "HONEST BUSINESS FRIENDS" - THEY GUIDE ME IN ALL I DO Its Not Always What You Say A major source of communication breakdowns is incongruence between the words that people say and the nonverbal signals that they send, largely because we lose sight of the fundamental truth: You cannot not communicate. Every second that we are in the presence of another, we are constantly sending and receiving messages, often silent, nonverbal messages that can either augment our communication effectiveness or detract from it. These non-word symbols are the first things we notice about others and the first things they notice about us. They provide information about gender, age, preferences, emotions, and group membership. Organizing The Information Putting a piece of paper in a file folder is easy; finding it again is the hard part. There are ways to make your files easier to use and your papers easier to find. Invest in a sturdy, four or five-drawer file cabinet. Spend the extra money it takes to get quality and durability. You'll spend more money replacing a cheaper file cabinet a few times than buying a reliable one in the beginning. You may not have enough files to fill the cabinet now, but believe me, you'll need it in the future. What to do When You receive a Bad Check As a small business operator, personal checks may be one method to receive payment for your goods or services. As a way to receive payment, a personal check is actually better than credit cards because the fees are less and there can be no charge back. Innovation Management ? the power of decision makers Creativity can be defined as problem identification and idea generation whilst innovation can be defined as idea selection, development and commercialisation. A Comprehensive Sarbanes Oxley Act Summary Individual and corporate security stand in the center of the Sarbanes Oxley Act summary, as they are the areas that suffered most changes. New criminal and civil penalties were announced for security violations and a new system of certification of internal audit efforts was set. With the new auditor independence provision, auditors from outside the system have been granted more access to company data. Other items comprised in the Sarbanes Oxley Act summary focus on an increased disclosure of compensation methods and systems, especially for upper management. How You Can Learn to be a Better Manager When you first take over a department, expectations are usually high but operations are sometimes in disarray. The staff is disorganized, goals aren't being met, and hours are spent on unproductive tasks. Just when you think the company would never get on track, the CFO recommends that you learn more about something called operations assessment.
|
| © Athifea Distribution LLC - 2013 |
