1.888.662.1135 Login

ZenboLife

It's your life. Plan it. Live it.

Join today!

ZenboLife is a life planning & personal productivity tool. It is a holistic application to help store all your contacts, tasks and notes as well as guide you through the process of planning your life. It is designed to cover all areas of your life to be your all in one source.

Accounting

  • An online accounting software is very attractive when it comes to taking the organization of a small or medium business. This type of system offers a variety of advantages that perhaps years ago-in the days when accounting was based on calculations of pencil, paper and calculators-seemed unimaginable and impossible to achieve so quickly and easily.

    Have you ever thought about investing in one of these platforms to take your expenses and profits more efficiently? If you have it in mind but still do not fully convince yourself, know 6 advantages of online accounting software that could change your working life.

    1. Instant access to company costs and profits

    The most obvious feature of these media for the benefit of your SME is the ability to access your information instantly. This, thanks to an accounting software works with a cloud storage system, which allows you to connect to it from anywhere with an Internet connection.

    That is why it is possible to modify budgets, make expenses and make decisions at the moment, registering all those movements immediately and quickly with simple steps that can be made even from your home.

  • Trust is essential in any employment relationship, especially when there is money involved since the least misunderstood can generate the loss of it. In the case of the accountant, it becomes even more relevant, since it depends in large part on the good reputation derived from your work, one that will help you maintain your clients and, of course, get more.

    Success in accounting: trust as a pillar

    Although in all professional work, trust is the main asset, in the case of accounting, it is a determining point between success and failure. For a client, choosing someone to manage their finances is an issue of utmost importance and -certainly- will opt for the person that generates greater closeness and tranquility, qualities that arise from the reputation that the professional has cultivated. A client will always want to be informed - in a detailed way - about his / her patrimony, and for that he/she needs to trust fully in his / her counter. For the reasons mentioned above, an accountant must practice based on ethics and transparency, making available to his clientele all available information through periodic reports, at the same time he must know how to interpret the numbers clearly so that his client understands the financial situation fully.

  • Present from remote times in different cultures, the office of accounting has had to adapt to changes. If you are looking to increase your client portfolio in accounting, you should bear in mind that our society has changed the way we work.

    What factor is responsible? Technology. With its progress, it gradually modifies the routine of an accounting department, so it is essential to know the new tools. Consider the following tips in order to get clients for accounting with the speed and efficiency offered by the accounting tools of this new generation.

    1. Handle simultaneously in several digital media

    Deciding between PDF or XLS when exporting a report? Why not both? When it comes to covering as much as possible, it is ideal for handling all digital formats preferred by potential customers. Why? Because it is important to work under platforms that are versatile when dealing with different file types. This will mean an important advantage for your clients since, depending on the occasion, they may require the same data in different formats. Only by having a tool that is ready to export them directly, you can deliver them immediately in the type of file they want.

  • If you had to go to a specialist doctor, the most likely is that you take the time to find out about the career of the professional in question. Surely you would look for references from third parties or recommendations from friends who have been served with him previously and who can tell you, firsthand, if he is a person you can trust or not … right? Well, the same happens when it comes to contacting an accountant: the number specialist.

    It is not an exaggeration to compare his work with that of doctors such as surgeons or cardiologists: he works under pressure and his movements must be exact. The accountant you trust the fruit of your efforts: your company and the income it reports. For the same reason, it is essential that you generate enough confidence to delegate a topic as complex as the management of your numbers. The choice is not minor since a reliable accountant can make your SME grow and consolidate.

  • A correct accounting in time and form not only implies balances and financial documents with cold calculations, numbers, and figures: behind it, there is a great effort that will help us to make strategic decisions for each and every department of our company. It is, therefore, necessary to know the main aspects in which the information provided by business accounting influences to make the best resolutions in the medium and long term.

    1. Allocation of resources:

    The efficient management of each of the accounts will indicate at all times the items to which we must inject resources, as well as the adequate means to achieve it. In simple terms, a thoroughly detailed bank analysis should be contrasted with the report of suppliers and creditors before preparing the payment schedule for the next period. On the other hand, the capital movements report will indicate whether it is appropriate to finance some debts with part of it, or, if possible, wait until the next absorption of financial resources to carry out said financing.

    2. Take advantage of new opportunities:

    The deep analysis of the assets and liabilities of the company will indicate the financial health of the company. Therefore, a positive result translated into net profits will allow us to take advantage of opportunities to invest in new financial markets knowing exactly how much capital we will do, and the potential benefits that we will obtain.

  • The constant activity of a company exposes it to many transformations, in addition to ups and downs similar to those that any person would face. Of course, you will also need some care to be healthy, grow and evolve. Like any living being, sometimes its trajectory can accuse illnesses that are symptoms of illness, and this is where we must be attentive and act in time to return it in good time.

    What would we do if our company were a person experiencing health problems? Certainly, the first thing would be to take it to the doctor to examine it and give us a diagnosis so - based on that - determine what the solution is. In the case of organizations, the specialists are the consultants, who define what the strategy to follow so that the institution remains on the rise is. And to make a correct evaluation, the indispensable step is to review the accounting of your SME.

  • When thinking about a safe and stable profession, very few races could surpass the figure of the accountant. And is that the role they fulfill has been vital for companies for hundreds of years, so much so that currently it is impossible for a company to project successfully without the presence of one. But, what is the real importance of the accountant for organizations?

    Multifunctional

    First, it is necessary to indicate that the function of these professionals can be varied depending on their specialty. This is how we can find some seasoned in tax matters, others with high knowledge on financial issues, and also experts in audits and fiscal matters, areas in which their work is essential for the development of a company.

    And that is why they were prepared in schools, where they received the tools to develop and validate financial information with a critical eye. At the end of readings and practical exercises, these professionals learned about subjects as varied as human resources, macroeconomics, business risk, management control, tax law, and information technology infrastructure, which gives an interdisciplinary character to their profession.

  • The management of a company is not easy to do. It is necessary to pay attention to many details to ensure that it is properly developed to achieve the proposed objectives from the preparation of products and sales to the recruitment of personnel. There are many tasks that will keep you busy and you should not lose sight of them.

    Even for the best accountant, keeping sales books up to date can become a headache. However, doing it correctly is of the utmost importance. If the accounting aspects are not well controlled, your SME will have less possibilities of growth. Therefore, keep in mind these tips to improve accounting for small businesses:

    1. Finances, a priority from the beginning

    Usually, SME accounting is not one of the most exciting activities, but it is essential that it be a priority from the start.

    2. Keep updated accounting books

    It is a really necessary point to achieve success and keep balancing the finances of an SME. It should be borne in mind that, if they are left unchecked, then it will only be more difficult to control the accounting order as time passes.

    3. Set priorities

    In small and medium companies, a wide range of activities must be carried out, and it is important to detect which are the most important tasks for a business and those that could be postponed.

  • Overhead is the total expenses paid by the business. It is the expenses paid to keep the business running day-to-day. There is no way of getting around it. It must be paid for the business to generate any profit.

    What makes up overhead?

    Rent, wages, insurance, legal fees, supplies, taxes and utilities are all examples.

    Overhead costs can be grouped into either administrative or manufacturing. Administrative overhead includes anything that supports other areas of the business some of this includes admin staff wages, office equipment, supplies and travel expenses.

    Manufacturing overhead re all costs in order to create a product or service. These costs are much more visible. They can also be grouped by location. Wages for production staff i.e. plant workers, deprecation, taxes, rent, utilities are all examples.

    Overhead is used for budgeting. It allows a business to figure out how much to charge consumers for product or service in order to cover costs. Overhead are costs that are not directly related to specific business activity. Overhead is often fixed and does not typically change from one month to the next.

    Overhead allows determining break-even costs. Operating expenses on the other hand depend on production. As production, changes operating expenses change while overhead remains stable. Overhead must be paid even if your company produces nothing.