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Business

The Booker Credit Card Machine Vs the Clover Station – Best for Small Businesses

September 27, 2020
Booker Credit Card Machine Vs the Clover Station

Your small business’s point of sale system can provide some very valuable features. Perhaps the most important is being able to accept a variety of payment types. However, you can also get tools such as …

Read moreThe Booker Credit Card Machine Vs the Clover Station – Best for Small Businesses

Categories Business

4 Things Aspiring Accountants Should Know About the Future of the Field

September 14, 2020
If you’re considering a career in the field of accounting, you may be wondering what the industry outlook is these days. Accounting has traditionally been considered a practical, stable, lucrative and consistently in-demand field, well suited to people with strong quantitative and organizational skills. While much of this is still true, the field of accounting today looks different than it did some decades ago. Recent technological advances have changed accountants’ day-to-day responsibilities, requiring less rote work and more strategic thinking. If you’re interested in becoming an accountant but aren’t sure what the future of the field looks like, here are a few helpful facts you may be interested to know about. 1. Accountants Are In Growing Demand Whether you’re considering becoming an internal auditor, certified public accountant, tax specialist or any additional career options, you should know that accountants across the board are in increasingly high demand. Because their services are fundamental to healthy finances for any company, accountants can find employment in a variety of industries, making this career path a stable and potentially lucrative one for qualified people. The Bureau of Labor Statistics recently predicted that the field will grow by about 6% in the next decade, creating over 90,000 new jobs. This means that accountants are set to see an increasing number of opportunities in the coming years. 2. Globalization Means More Interesting Work If you have strong quantitative skills but you’re worried that an accounting program or working as an accountant would be dry or boring, you may be interested to know that the increasingly globalized business world is resulting in ever more interesting work. Depending on your position and company, you don’t necessarily need to work only on local matters. Many international mergers and acquisitions, for instance, require accountants to ensure trade goes smoothly. Companies that go public need accountants to make sure their finances are in order. Ever-changing tax laws and regulations require the help of accountants for compliance. No matter what you’re interested in, you can likely find a way to explore it via your accounting career. 3. Salaries Are Increasing Over Time Another perk of becoming an accountant is that because the work is so crucial, the salaries tend to be high. According to the Bureau of Labor Statistics’ report, accountants and auditors earned a median annual salary of $71,550 in 2019. Additionally, the longer you work in the field, the higher up the career ladder you can climb and the more you’ll be compensated. It’s not uncommon for senior accountants to earn well over six figures a year in some cases. 4. Responsibilities Vary By Job Thanks to new technology like increased computational power, accountants are no longer stuck spending time on lengthy calculations by hand and similar tasks. This means your day-to-day tasks could involve more strategy and high-level thinking. However, exact responsibilities will vary by job. Accounting has long been considered one of the most practical career options that typically offers good pay for stable, interesting and important work. If you’re debating whether to become an accountant and wondering if the field holds future potential, consider these key facts and you’ll be well prepared to make your career choice.

If you’re considering a career in the field of accounting, you may be wondering what the industry outlook is these days. Accounting has traditionally been considered a practical, stable, lucrative and consistently in-demand field, well suited …

Read more4 Things Aspiring Accountants Should Know About the Future of the Field

Categories Education, Business

Behavioral Assessment Tests- A New Direction to Actions

August 25, 2020

A study of the behavior of people is called ‘psychology’. It helps us understand various patterns in the external behavior of a person. Psychology thus also helps to apply various psychological phenomenons to mentor, control …

Read moreBehavioral Assessment Tests- A New Direction to Actions

Categories Business

Manufacturing Solutions for a Manufacturing ERP

January 25, 2021June 8, 2020
Manufacturing Solutions for a Manufacturing ERP

ERP is an enterprise resource planning system. ERP solutions offer manufacturing firms a completely new experience in regards to being competitive in the manufacturing world. By utilizing better manufacturing management systems, it allows for a …

Read moreManufacturing Solutions for a Manufacturing ERP

Categories Business

What is Business Case Prince2

May 29, 2020
studio

The Meaning with a Business Case is concerned with the process of beginning of any Projects where it is defined in an exact framework within the inscribed records. A Business case prince2 is the most …

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Categories Business

What Is Residual Income in the Corporate and Domestic Environment?

May 29, 2020
Fitness-Apps

Numerous business tasks are repetitive, tedious, and time-consuming. Tasks like manual data entry, invoicing, transaction tracking, reporting can all be simplified by CRM software. You can automate numerous processes within your organization to reduce repetitive …

Read moreWhat Is Residual Income in the Corporate and Domestic Environment?

Categories Business, Technology

What Are The Benefits For Your Business Of Being An American Express Merchant?

May 29, 2020
Light wooden table with items

Getting PCI certified can seem like a lot of trouble to go through when setting out into the business world, but the benefits it brings with it outweigh the risks and costs tenfold. You will …

Read moreWhat Are The Benefits For Your Business Of Being An American Express Merchant?

Categories Business, Technology

Achieve better business outcome with latest project management trends in 2020

April 22, 2020
Small Business Management – Key Technical Considerations

Project management refers to the systematic practice, which is useful to design, initiate, manage, and control business projects. The professionals within an organization focus on crucial project management practices to reach specific objectives in the …

Read moreAchieve better business outcome with latest project management trends in 2020

Categories Business
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The benefits of a comprehensive accounting system

  • COST SAVINGS:Outsourcing has been the traditional approach for managing small business accounting, which adds to the operational expenses of the business. Accounting software helps small businesses bring the accounting functions in-house, thereby reducing the total price tag.
  • IMPROVED PROCESS EFFICIENCY:Accounting involves a lot of paperwork and manual data entry, which is time consuming and can be prone to human error. By digitizing financial paperwork, accounting programs help small businesses reduce the time it takes to process financial transactions such as expense management, accounts payable, and accounts receivable. Moreover,  accounting software ensures that there is no error in calculations or discrepancy in records.
  • EASIER TAX COMPLIANCE:Tax management for small businesses also involves a lot of documentation and paperwork. Small businesses need to make sure that all their tax forms are submitted on-time in order to avoid penalties due to delayed filings. Accounting software uses the financial and accounts information stored in the system, thereby making this process easier and free from human errors.

The cost of accounting programs

Most of the products in the market are priced on a “per user, per month” basis, and can be broken down into three pricing tiers based on their starting price:

PRICE RANGES:

  • $0 – $2.50
  • $2.50 – $4
  • $4+

*The pricing included is for the entry-level/lowest-priced offering that was found on vendor websites on August 1, 2018.

The list above includes pricing for the base plans of accounting programs. An enterprise, or premium product, which is priced higher, may include some additional features such as multi-currency support, bill management, sales quotes, purchase order management, and recurring invoicing.

The cost of accounting programs

Most of the products in the market are priced on a "per user, per month" basis, and can be broken down into three pricing tiers based on their starting price: PRICE RANGES: $0 - $2.50 $2.50 - $4 $4+ *The pricing included is for the entry-level/lowest-priced offering that was found on vendor websites on August 1, 2018. The list above includes pricing for the base plans of accounting programs. An enterprise, or premium product, which is priced higher, may include some additional features such as multi-currency support, bill management, sales quotes, purchase order management, and recurring invoicing.
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