Professional accountants are in great demand today. If you are a qualified accountant or tax professional and do not have enough customers, there might be something wrong. You might not be using the right kind of accountant marketing.
Today, people use the internet to find everything they need, from pizzas to plane tickets. There is no reason why they wouldn’t use the internet to find tax or accounting professionals to fit their needs. This gives you a quick idea as to where to start accountant marketing – the internet.
Industry specific directories are the first place where people look to find the business they are looking for. You too have used online directories of various kinds to find everything from a local florist to hotel rooms in Europe, while you still were in the United States. Accountants can benefit from their presence in directories that list accountants and accounting services. Thus, the first step in accountant marketing on the internet is getting listed in a respected industry directory.
If your business is listed in a reputed directory, it is easy for potential customers to reach you. Being listed on reputable websites also may show that you have high levels of credibility.
Other means of accountant marketing online can include pay-per-click advertising through major search engines and by buying advertisement spots from various websites. Both of these options are a tough task for a professional, whose main knowledge is of accounting, tax planning, and bookkeeping. Other options you have include advertising in industry magazines or in the classified sections of newspapers. Without a doubt, you know these are costly affairs.
However, when you list your services on an industry leading online directory, you get all of the benefits of advertising, at much a lower price and with little headaches. The directories do the work to reach the maximum number of potential customers through all the different means of advertising.
Not every directory is made the same and it is not wise to spend time and money on directories that have an unprofessional or less than perfect user interface. The best thing you can do for accountant marketing is to find a directory that is listed with search engines, has a good user interface, and is free for the users. The directory also must have an easy interface to help users easily locate the CPA, Enrolled Agent, Bookkeeper, Tax Planner, or any professional of their choice.
Overlooking this one aspect of your career can be costly, in terms of lost opportunity. In fact, accountant marketing is not a one-time expenditure. It is an ongoing process, to keep new clients and to retain existing clients. Your marketing efforts can also increase your exposure. Make sure you choose the right channels for accountant marketing and make sure you have a high ROI.
Source: http://www.articles.seo-solution.net
Accountant Marketing - Accountant marketing can easily be one of the first overlooked areas in the career of an accountant.
Showing posts with label Accounting Tips. Show all posts
Showing posts with label Accounting Tips. Show all posts
Friday, October 2, 2009
Friday, September 18, 2009
7 Accounting Tips for Beginning Businesses
We have the smartest and the most clever accountant in the world. So we asked him to write an article about starting a business and the accounting setup needed. Here's what he wrote, it's solid advice from an accountant that saves us tons of money.
1. KISS. Keep it simple starting out. The simplest form of entity for running your first business is called a sole proprietorship. This form of ownership requires NO special communication or filings to the Internal Revenue Service until you start paying employees.
2. As a sole proprietor you are the owner/entity which might require only to acquire an occupational license if your county or municipality mandates one. As the owner, you are also liable to remit all state or city tax collections on retail or wholesale sales your business collects. Service businesses and most cross state sales are exempt from state tax collections.
3. If you are concerned about personal liability as a sole proprietorship then do the cheapest and simplest thing which is to buy a personal liability umbrella policy. The best way to avoid liability is to learn your trade well and keep accurate records on Less Accounting .
Read More Article...
1. KISS. Keep it simple starting out. The simplest form of entity for running your first business is called a sole proprietorship. This form of ownership requires NO special communication or filings to the Internal Revenue Service until you start paying employees.
2. As a sole proprietor you are the owner/entity which might require only to acquire an occupational license if your county or municipality mandates one. As the owner, you are also liable to remit all state or city tax collections on retail or wholesale sales your business collects. Service businesses and most cross state sales are exempt from state tax collections.
3. If you are concerned about personal liability as a sole proprietorship then do the cheapest and simplest thing which is to buy a personal liability umbrella policy. The best way to avoid liability is to learn your trade well and keep accurate records on Less Accounting .
Read More Article...
Thursday, November 13, 2008
Ten Tips for a Smoother, More Profitable Tax Season
At the beginning of every tax season, I have the best intentions. I exercise, eat right, and get enough sleep. Then it happens. Two-thirds of the way through the busiest months, something really big goes wrong, and my balanced life snowballs into chaos. Does this happen to you?
Even if something doesn't go wrong, you might be the type of person who reaches the edge of burnout every year at the end of tax season. You might hate the high-pressure, deadline-riddled, fast-paced environment. How can you find your balance amid the chaos? Here are ten tips to help you survive this season.
Source : http://accountant.intuit.com/
Even if something doesn't go wrong, you might be the type of person who reaches the edge of burnout every year at the end of tax season. You might hate the high-pressure, deadline-riddled, fast-paced environment. How can you find your balance amid the chaos? Here are ten tips to help you survive this season.
- Remember why you're there in the first place. Our business is an excruciatingly detail-oriented affair, and it's easy to get caught up in the minutiae of the moment. When you realize you're drowning in details, stop, take a deep breath, and take in the big picture. Think about what your overarching business and personal goals are. Remind yourself of your friends and family. This exercise will help you reframe what's really important to you and will help you put the daily details back into the right perspective.
- Communicate your appreciation. Without a team to help you get your work done, tax season would be much harder. Show your gratitude to your team (and your family) with frequent positive comments, ranging from the general "I really appreciate the work you do" to the specific "Your spreadsheet covering the Cassidy project was very well thought out."
Do this more often than you think you need to. People can't get enough personal feedback in this digitally detached world. Praise keeps the stress level down in the office. It will give you a lift too: gratitude is one of the fastest ways to change your mood for the positive. - Systematize your processes. Lost productivity and mistakes often stem from misunderstood responsibility and authority. A smooth tax season starts when everyone knows the flow of work, what their jobs are, and how much authority they have to make decisions. Make all of these items clear by designing systems, processes, and procedures that your team can follow.
- Train, train, train. Inevitably, one of your team members will get sick, pregnant, or resign at exactly the wrong time. Cross-training your team to be able to do each others' jobs will save you time and reduce your stress. It's hard to stop and make time for training, but there are rewards to taking the extra time. Your employee feels more empowered and becomes more valuable once the new skill has been mastered. The next time the skill is required, you can delegate the task and free up your time.
- Just say "no." Saying "no" can be difficult for some people. But I promise you will get at least one client who will try to monopolize your schedule at the last minute, will not have all the input you need so that you have to start and stop five times on the work, and will insist on a bargain price!
Set deadlines for client input. Be able to say "no" to unreasonable requests. You'll be able to help five clients in the time one unruly client takes up, and your profitability will soar. - Commute calmly. On your way to and from work, listen to an upbeat music CD, a comedy act, or a motivational tape. You'll be in a better mood no matter what the traffic was like. Buy CDs for your staff, too.
- Perk up your staff. A great way to de-stress your office is to add some perks, and I don't just mean bringing in a few sugar-laden sweet rolls in the morning. In the middle of your busiest time, consider some of the following ideas:
- Bring in a masseuse who can do ten-minute neck and shoulder massages during lunch.
- Hire a personal assistant who can be shared among your employees to help them with errands like dry cleaning pickups, grocery runs, and gift shopping.
- Send employees' spouses a wonderful appreciation gift.
- Supply healthy in-office snacks and meals that build energy rather than drain it.
- Prioritize. If you begin to feel overwhelmed, get organized. Prioritize your to-do list, and work it, one at a time. When you cross a task off, do a little dance or shout a "Woohoo!" Make sure your staff is clear on their priorities, too.
- Take the high road. In a high-pressure environment, we're often tightly wound. It doesn't take more than a small slight from another to set us off into a rampage. If you're prone to reactive behavior, it will help to understand a quick fact about how your brain is wired. We have two pathways in our brain:
- The low road (the fast pathway) to reaction that is wired directly from our senses to our emotion center. This is what keeps us alive when we swerve quickly to avoid a car accident or when we notice a snake on the ground. It also gets activated when we might feel a bit threatened at work.
- The high road (the slower pathway) that is wired to the reasoning center in our brain. Here we can take the time to analyze, process, and react accordingly to what's happening in our environment.
If someone says something to you that activates your "low road," become aware of it, take a breath, and if there is no immediate danger of dying, let your "high road" catch up before you say or do anything. - The low road (the fast pathway) to reaction that is wired directly from our senses to our emotion center. This is what keeps us alive when we swerve quickly to avoid a car accident or when we notice a snake on the ground. It also gets activated when we might feel a bit threatened at work.
- Model leadership. Emotions are contagious. So is stress. If you are in a negative mood, everyone in your office won't be far behind. But if you come in every morning in a calm and cheerful mood and with your sense of humor intact, you can influence the whole office to follow your lead. It's a lot more fun for everyone to work in a cheerful office.
Source : http://accountant.intuit.com/
Wednesday, September 10, 2008
Tips On Starting Your Accounting Career
Accounting is the language of business. Its knowledge is fundamental to any businessperson that seeks to plan expenditure and strive for a profit. Most business professionals are therefore required to study some accounting. Accounting professionals interact with all levels of a business and for many it's a very interesting job.
Eligibility
Following are a few tips on getting started
About The Author
Tony Jacowski is a quality analyst for The MBA Journal. Aveta Solution's Six Sigma Online ( http://www.sixsigmaonline.org ) offers online six sigma training and certification classes for lean six sigma, black belts, green belts, and yellow belts.
Source : http://www.streetdirectory.com/
Eligibility
- Individuals with an analytical approach and technical expertise of accounting, good mathematical aptitude, knowledge of the technicalities of a business system and those who are well versed with computers.
- Basic eligibility is 4 years of college for a professional degree in accounting or a related field.
- A Bachelor's degree with a minor in another subject from an accredited college or university to apply for the Master's in accounting.
- People who have done their course in accounting over the Internet are also eligible for jobs in the accounting industry.
- In terms of job, prior experience as a trainee auditor or accountant can also help.
- Different courses and licenses require accreditations and licenses of certain organizations. For example, Certified Public Accountants (CPA) should have a license by the State Board of Accountancy (STA).
- A certain number of semester hours plus work hours are considered for 4-year bachelor's degree.
- Public accountants are taken as trainees. Management Accountants start as junior internal auditors or cost accountants.
- A master's degree in business administration (MBA) is preferred by many companies.
- After a degree in accounting, one could qualify for a certified public accountant (CPA) or registered public accountant (RPA) license. Even though many do not have a license, they do get jobs as auditors or accountants in government offices or private companies.
- In the long run, one could excel to a position like chief financial officer (CFO).
- A certified accounting professional could become an auditor, financial officer, management accountant, budget analyst, or tax accountant. Tax accountants are preferred with a legal background.
- An independent job could prosper if the individual has a good network of contacts.
- There are specializations in accounting; for example, the forensic accounting where the accountant investigates the different crimes breeding on the company's finances.
- Teaching accounting can also be a good career option.
Following are a few tips on getting started
- Decide which field of accounting you would like to get into.
- Research related information and shortlist colleges and universities for the given courses.
- Consult accountants or even teachers who have knowledge of the subject.
- Enroll in a bachelor's degree or course in accounting.
- Start off as a trainee after getting a degree from a college. Most of the companies look for an accredited college.
- Keep looking for hiring by the major companies of the industry.
- Update your work knowledge according to the industry standards.
About The Author
Tony Jacowski is a quality analyst for The MBA Journal. Aveta Solution's Six Sigma Online ( http://www.sixsigmaonline.org ) offers online six sigma training and certification classes for lean six sigma, black belts, green belts, and yellow belts.
Source : http://www.streetdirectory.com/
Tuesday, July 1, 2008
Basic accounting tips
Accounting is not just about knowing about cash flow and expenditure. It involves knowledge of profits losses, incomes and expenditures. Without accounting it is not possible to know how much profit or loss a business is making.
About 500 years ago a man called Fra Luca Pacioli noted that three things are essential to run a business sufficient cash, being comfortable with the numbers side of business and system of organizing financial information is called accounting.
Accounting is a part of every day life. To understand accounting we need to know the and understand the different terms used in accounting. Next we need to see how accounting fits into our every day business life. This means that every transaction made has to be entered into the business books. This includes all details of checks, deposits, sales invoices cash receipts and purchase orders. Though individually they may not seem to be important, these numbers when systematically organized produce a picture of the health of the business.
One of the basic principles is to avoid double entry debits will always tally with credits. For every transaction, there will be two entries, one for credit and the other for debit.
The Accounting equation which states that Assets equal Liabilities plus Capital has to followed always. This is just another way of putting the first rule. As assets are debit balance accounts and both liabilities and capital are credit balance accounts.
The system of accounting is divided into categories and each category is further divided into accounts. Categories are of two types balance sheet and profit and loss.
Every debit entry would mean an addition to some accounts and a reduction to other accounts.
Accounting is necessary to assess the financial position of a company and accordingly engage in future planning for finances. As each organization has different needs accounting is customized and highly adaptable.
Financial accounting is about delivering accurate financial statements and hence is considered a precise science. Managerial accounting provides information to managers. In this type the manager is responsible for, Accounts Receivable, Billing, Payroll, Accounts Payable audits of operational procedures and process. It remains indispensable for anyone involved in any type of business.
Some tips to protect businesses from losses would be beneficial. Managers have to ensure their company is protected from check fraud. To this end they can set up financial limits for checks with their bank. An inventory of bank checks must be maintained and kept secure in safes.
Similarly a careful record off all bills paid must also be maintained. They will also serve as the basis for tax records.
All financial statements also need to reviewed regularly and entries made at least once in a week and balance expenditures with income. If not it could result in errors and overlooked payments.
The bank statements also need to reconciled as early as possible. The services of a good book keeper could also be used if you do not have the time. Their services would include paying salaries, coordinating and handling accounts receivable and payable, balancing ledgers and checkbooks, and organizing financial information required for business plans, loan proposals, cash-flow statements, etc.
Financial statements should be used to review the costs and expenses. They should be used to guide you to find better suppliers, cut down expenses and increase profits. Set up a cost control system. A systematic and streamlined accounting procedure will help in minimizing mistakes and missed accounts. Accounting helps considerably for any business to grow and increase profits.
About the Author
Simon Slade is the author of this article on Simon Slade.
Find more information about Simon Slade here.
About 500 years ago a man called Fra Luca Pacioli noted that three things are essential to run a business sufficient cash, being comfortable with the numbers side of business and system of organizing financial information is called accounting.
Accounting is a part of every day life. To understand accounting we need to know the and understand the different terms used in accounting. Next we need to see how accounting fits into our every day business life. This means that every transaction made has to be entered into the business books. This includes all details of checks, deposits, sales invoices cash receipts and purchase orders. Though individually they may not seem to be important, these numbers when systematically organized produce a picture of the health of the business.
One of the basic principles is to avoid double entry debits will always tally with credits. For every transaction, there will be two entries, one for credit and the other for debit.
The Accounting equation which states that Assets equal Liabilities plus Capital has to followed always. This is just another way of putting the first rule. As assets are debit balance accounts and both liabilities and capital are credit balance accounts.
The system of accounting is divided into categories and each category is further divided into accounts. Categories are of two types balance sheet and profit and loss.
Every debit entry would mean an addition to some accounts and a reduction to other accounts.
Accounting is necessary to assess the financial position of a company and accordingly engage in future planning for finances. As each organization has different needs accounting is customized and highly adaptable.
Financial accounting is about delivering accurate financial statements and hence is considered a precise science. Managerial accounting provides information to managers. In this type the manager is responsible for, Accounts Receivable, Billing, Payroll, Accounts Payable audits of operational procedures and process. It remains indispensable for anyone involved in any type of business.
Some tips to protect businesses from losses would be beneficial. Managers have to ensure their company is protected from check fraud. To this end they can set up financial limits for checks with their bank. An inventory of bank checks must be maintained and kept secure in safes.
Similarly a careful record off all bills paid must also be maintained. They will also serve as the basis for tax records.
All financial statements also need to reviewed regularly and entries made at least once in a week and balance expenditures with income. If not it could result in errors and overlooked payments.
The bank statements also need to reconciled as early as possible. The services of a good book keeper could also be used if you do not have the time. Their services would include paying salaries, coordinating and handling accounts receivable and payable, balancing ledgers and checkbooks, and organizing financial information required for business plans, loan proposals, cash-flow statements, etc.
Financial statements should be used to review the costs and expenses. They should be used to guide you to find better suppliers, cut down expenses and increase profits. Set up a cost control system. A systematic and streamlined accounting procedure will help in minimizing mistakes and missed accounts. Accounting helps considerably for any business to grow and increase profits.
About the Author
Simon Slade is the author of this article on Simon Slade.
Find more information about Simon Slade here.
Monday, May 26, 2008
Ten Key Accounting Tips for Small Businesses
It's easy for small-business owners to get so busy that they slack off in one of the most important areas of their businesses -- accounting. It always seems more important to close a sale or service a customer than it is to balance the books. But if you don't take time to tend to bookkeeping basics, your fast-growing business could run off the tracks.
The following tips can help you focus on the crucial aspects of your company's finances.
Protect your company from check fraud. Set up financial limits for checks with your bank. Ask that your bank never cash checks made out to an individual, except for payroll checks, which should be written from a special account and only to designated individuals. Keep inventory of blanks checks -- and keep all checks secure in a safe or lockbox.
Keep careful records of all bills paid. Your financial records serve not only as the basis for cost controls, but also as your tax records.
Review all financial statements regularly. In other words, balance your books! If more than a week goes by without writing down expenditures and income, you'll be playing catch up. Too often, this results in errors or overlooked payments. Also, reconcile your bank statements as quickly as possible after receipt.
Hire a bookkeeper or accountant if you're too busy to keep your books. Many part-time or contract bookkeepers work at an hourly rate. Services included would be: paying salaries, coordinating and handling accounts receivable and payable, balancing ledgers and checkbooks, and organizing financial information required for business plans, loan proposals, cash-flow statements, etc.
Continually review all costs and expenses. Don't let your financial statements sit idly in the drawer. Use them to see how you can cut costs, find better suppliers, reduce unnecessary purchases, etc.
Set cost-control systems. You or someone in an executive position should approve all purchases over a certain dollar amount. Encourage employees to include a description of need and importance with all spending requests.
Monitor your collection procedures and outstanding invoices. Payment terms should be written on every invoice you send out -- and should be agreed upon with clients before a job is started. Ask that payment be made within 15 or 30 days of invoicing. When working on long projects, charge at regular intervals. Don't wait until your bill is so high that if payment is not made you'll be financially hurt. Cash flow depends not only on how much you make per hour, but also on receiving payment in a timely way.
Keep up to date on all tax and accounting rules. Tax rules change yearly. It's better to keep abreast of these changes yourself so you don't have to depend completely on your accountant.
Pay yourself first to fund your retirement. As the saying goes, no one else will watch out for your retirement funding. Take a specified amount from each incoming check (recommended is at least 10 percent) and put it into your retirement account.
Keep it simple. Set up you accounting system to be as simple and easy as possible. Don't have ten checking accounts if two will do. Write a schedule so you do the same thing every time a check comes in. Create monthly to-do accounting lists. A streamlined, systematic accounting procedure will help you avoid mistakes and minimize missed payments.
Source : http://www.nfib.com/
The following tips can help you focus on the crucial aspects of your company's finances.
Protect your company from check fraud. Set up financial limits for checks with your bank. Ask that your bank never cash checks made out to an individual, except for payroll checks, which should be written from a special account and only to designated individuals. Keep inventory of blanks checks -- and keep all checks secure in a safe or lockbox.
Keep careful records of all bills paid. Your financial records serve not only as the basis for cost controls, but also as your tax records.
Review all financial statements regularly. In other words, balance your books! If more than a week goes by without writing down expenditures and income, you'll be playing catch up. Too often, this results in errors or overlooked payments. Also, reconcile your bank statements as quickly as possible after receipt.
Hire a bookkeeper or accountant if you're too busy to keep your books. Many part-time or contract bookkeepers work at an hourly rate. Services included would be: paying salaries, coordinating and handling accounts receivable and payable, balancing ledgers and checkbooks, and organizing financial information required for business plans, loan proposals, cash-flow statements, etc.
Continually review all costs and expenses. Don't let your financial statements sit idly in the drawer. Use them to see how you can cut costs, find better suppliers, reduce unnecessary purchases, etc.
Set cost-control systems. You or someone in an executive position should approve all purchases over a certain dollar amount. Encourage employees to include a description of need and importance with all spending requests.
Monitor your collection procedures and outstanding invoices. Payment terms should be written on every invoice you send out -- and should be agreed upon with clients before a job is started. Ask that payment be made within 15 or 30 days of invoicing. When working on long projects, charge at regular intervals. Don't wait until your bill is so high that if payment is not made you'll be financially hurt. Cash flow depends not only on how much you make per hour, but also on receiving payment in a timely way.
Keep up to date on all tax and accounting rules. Tax rules change yearly. It's better to keep abreast of these changes yourself so you don't have to depend completely on your accountant.
Pay yourself first to fund your retirement. As the saying goes, no one else will watch out for your retirement funding. Take a specified amount from each incoming check (recommended is at least 10 percent) and put it into your retirement account.
Keep it simple. Set up you accounting system to be as simple and easy as possible. Don't have ten checking accounts if two will do. Write a schedule so you do the same thing every time a check comes in. Create monthly to-do accounting lists. A streamlined, systematic accounting procedure will help you avoid mistakes and minimize missed payments.
Source : http://www.nfib.com/
Subscribe to:
Posts (Atom)
Useful Resources:
Outsource Bookkeeping Services
Outsourcing Services