Blog - page 45

Why is a trusted accountant key to an SME?

Darryl Bachmeier Apr 3, 2019 Business

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...

How accounting helps make strategic decisions

Darryl Bachmeier Apr 2, 2019 Business

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. 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...

The importance of the Accountant for companies

Darryl Bachmeier Apr 1, 2019 Business

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...

Do not forget the accounting of your SME for a healthy growth

Darryl Bachmeier Apr 1, 2019 Business

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...

20 best accounting practices for small businesses

Darryl Bachmeier Mar 31, 2019 Business

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: 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. Keep updated accounting books It is a really necessary...

Six types of customer segmentation for retail

Darryl Bachmeier Mar 30, 2019 Business

Each buyer is different, and therefore their preferences vary, so it is necessary to know the types of customer segmentation for retail and thus be able to provide a more personalized experience. Why is customer segmentation important for retail? Before delving into the types of customer segmentation for retail, it is necessary to understand the context of this, which can be quite complex and that is why we will try to define it through a relatively simple example. For example: Suppose that two different clients identified as A and B, which are of the same social class and with similar characteristics, when carrying out a data analysis system can obtain relevant information of their consumption during the last weeks. Let’s say that customer A begins to show interest in clothes and sports shoes, while customer B starts buying accessories for gardening. What is translated in that within the same social...

Why you should learn to delegate?

Darryl Bachmeier Mar 29, 2019 Business

As a business owner, manager or supervisor delegation is a valuable skill to become good at. Proper delegation takes tasks off your plate and allows employees to develop and grow. It allows employees more responsibility and gives them new career opportunities. Delegation is often hard for most to start at. It usually comes from trust issues. It is hard for us to give up control. We may fear that the task will not be completed on time or to our standard. You may have the feeling as if you can do a better job, you are irreplaceable. It is especially hard to give up a process or task that you built up from scratch and have always owned. Start small. Start by delegating small tasks to build that trust and you to start to give up control. Learn how to trust and not micromanage. It is important to give good...

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