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Member You - Small Business - Would You Still Need An Accountant If You Didn't Need A Tax Return?
With all the cutbacks, right-sizing and outplacement occurring in today’s corporate world, career change is very difficult. Many blindlessly list their resumes on Monster or Career Builder hoping for a quick interview and job offer. However, my best advice, provided during career training sessions in my role as a career coach, is to seek out budding career fields with a dearth of highly qualified candidates. One such field is
Just knowing how the pieces move doesn’t mean you can play chess and we are seeing an increasing number of proprietors who have computer generated financial statements which are meaningless for tax purposes and giv
Many smaller businesses have advanced beyond back office automation using PCs and client-server IS platforms. More owners are looking at advanced sales automation software as a way of improving the productivity of their sales force as well as customer satisfaction. Salespeople are often more resistant to using PCs compared with those working in finance, logistics, materials management and other functions. Thus, business owne
Many still think that their accountant is there to ‘cook the books’ at tax time!
It is not surprising that almost invariably the business owners who approach their accounting in this way are those whose business is not doing well.
Three out of five businesses fail within the first three years owing to a lack of proper business planning and record keeping and many of them are those proprietors who adopt this ‘once a year’ method of accounting. That’s why they never improve.
Today’s accountant is more than just a ‘bean counter’. The new breed has developed expertise in many areas such as marketing, management, industrial relations law and computers. Indeed, the ‘number crunching’ that was such a large part of the accountant’s life has been largely taken over by computers. There is now no excuse for not receiving meaningful reports when they do actually mean something and not three months after the end of the period.
Making business decisions has always been difficult. Small business owners without the resources of large firms have always needed to stretch beyond the limit of their expertise in making many decisions. That’s what makes managing a small business so exciting. That’s what makes it so dangerous too!
Seminar participants say, “My accountant knew all the answers, “but I didn’t know all the questions”. Time after time our new clients tell us that they are seeking an accountant who will give them good advice when they need it - not when they ask for it!
But in a small business the buck stops with you, if you are not receiving the service you want - don’t just ask for it – insist on it!
One of the problems is knowing what to ask for! Your advisors should anticipate your need and supply you with what you need before you need it.
A new trap for small business proprietors that is becoming increasingly prevalent is for those who computerize for the first time. Many of the packages claim that you do not have to have any accounting knowledge to operate them and sales people use this as a selling tool. It is a half-truth at best!
Just knowing how the pieces move doesn’t mean you can play chess and we are seeing an increasing number of proprietors who have computer generated financial statements which are meaningless for tax purposes and give
This is not the first time I have talked about micromanagement over the years, and I am sure it won't be my last. Recently, I had some business friends complain to me how their employees cannot follow directions. But on the other hand, I also know a lot of people who wonder why management doesn't trust them to do their job properly. You see this not only in the corporate world but in nonprofit organizations as well. Today, man
Today’s accountant is more than just a ‘bean counter’. The new breed has developed expertise in many areas such as marketing, management, industrial relations law and computers. Indeed, the ‘number crunching’ that was such a large part of the accountant’s life has been largely taken over by computers. There is now no excuse for not receiving meaningful reports when they do actually mean something and not three months after the end of the period.
Making business decisions has always been difficult. Small business owners without the resources of large firms have always needed to stretch beyond the limit of their expertise in making many decisions. That’s what makes managing a small business so exciting. That’s what makes it so dangerous too!
Seminar participants say, “My accountant knew all the answers, “but I didn’t know all the questions”. Time after time our new clients tell us that they are seeking an accountant who will give them good advice when they need it - not when they ask for it!
But in a small business the buck stops with you, if you are not receiving the service you want - don’t just ask for it – insist on it!
One of the problems is knowing what to ask for! Your advisors should anticipate your need and supply you with what you need before you need it.
A new trap for small business proprietors that is becoming increasingly prevalent is for those who computerize for the first time. Many of the packages claim that you do not have to have any accounting knowledge to operate them and sales people use this as a selling tool. It is a half-truth at best!
Just knowing how the pieces move doesn’t mean you can play chess and we are seeing an increasing number of proprietors who have computer generated financial statements which are meaningless for tax purposes and giv
According to Alan Kay from Disney's R&D Department: "When you … offer unique value your competition cannot, then you … make headway by giving your ideas away."You can expand your visibility by disseminating information as one of your prime marketing tactics. Don't make the same mistakes most small business people do, and think that the knowledge and experience you have is widely known, on the contrary, you are the owner
Making business decisions has always been difficult. Small business owners without the resources of large firms have always needed to stretch beyond the limit of their expertise in making many decisions. That’s what makes managing a small business so exciting. That’s what makes it so dangerous too!
Seminar participants say, “My accountant knew all the answers, “but I didn’t know all the questions”. Time after time our new clients tell us that they are seeking an accountant who will give them good advice when they need it - not when they ask for it!
But in a small business the buck stops with you, if you are not receiving the service you want - don’t just ask for it – insist on it!
One of the problems is knowing what to ask for! Your advisors should anticipate your need and supply you with what you need before you need it.
A new trap for small business proprietors that is becoming increasingly prevalent is for those who computerize for the first time. Many of the packages claim that you do not have to have any accounting knowledge to operate them and sales people use this as a selling tool. It is a half-truth at best!
Just knowing how the pieces move doesn’t mean you can play chess and we are seeing an increasing number of proprietors who have computer generated financial statements which are meaningless for tax purposes and giv
As you have probably experienced there is a lot of hype in the business and marketing world. New concepts, revolutionary methods and the like land in our in boxes every day. But I'm going to confirm something you probably already know - the fundamentals of marketing haven't changed for decades. Here's my summary of the marketing principles that have stood the test of time.1. Know your customer. Know their wants and desi
But in a small business the buck stops with you, if you are not receiving the service you want - don’t just ask for it – insist on it!
One of the problems is knowing what to ask for! Your advisors should anticipate your need and supply you with what you need before you need it.
A new trap for small business proprietors that is becoming increasingly prevalent is for those who computerize for the first time. Many of the packages claim that you do not have to have any accounting knowledge to operate them and sales people use this as a selling tool. It is a half-truth at best!
Just knowing how the pieces move doesn’t mean you can play chess and we are seeing an increasing number of proprietors who have computer generated financial statements which are meaningless for tax purposes and giv
Get to know Address America Address America is the brain child of David Ashley. Its main products are decorative reflective address signs that make homes easy to find. For Ashley, these signs are extremely important for households that may need 911 emergency service and not have quick access to it because their home was difficult to locate. It also makes it easier for deliveries to reach their intended destinations.or small business proprietors that is becoming increasingly prevalent is for those who computerize for the first time. Many of the packages claim that you do not have to have any accounting knowledge to operate them and sales people use this as a selling tool. It is a half-truth at best!
Just knowing how the pieces move doesn’t mean you can play chess and we are seeing an increasing number of proprietors who have computer generated financial statements which are meaningless for tax purposes and give misleading information for management purposes.
This isn’t the fault of the computer package or the operator using it. It happens because the operator doesn’t know or understand some of the accounting principles necessary to make the system work.
Computers are supposed to make it easier but they are like any other tool which relies on the skill and knowledge of the operator. Your accountant should be involved in the initial planning regarding the requirements of the business. He/she should also be involved in the installation and training of the operator so that this valuable tool is used to the advantage of your business.
Remember, good advice doesn’t cost, it pays!
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