From the monthly archives: September 2010

Payroll Processing Can Be A Nightmare The last day of March is quickly approaching and as a CPA one of the first thoughts that comes to mind is that it is the end of the first quarter 2011. Why is this important you might ask? For several reasons – some businesses only require financial statements [...]

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What is Your Backup Strategy?  You get to work turn on your computer and nothing happens. Your heartbeat quickens and you double check the computer connections and press the power button again but like the first time nothing happens. Your mind begins to race and you're overwhelmed with the thought that you can't remember the [...]

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Employee Theft Embezzlement Fraud Every year thousands of businesses lose millions of dollars to employee theft, embezzlement and fraud. As reported in the June 2010 Journal of Accountancy the most common loss from employee theft is between $100,000 and $499,999 and the second highest incident rate is over $1 million. Asset misappropriation comprised over 89% [...]

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  First of all what do we mean when we say business model? A business model is a representation of how the company will make money. It is a condensed description of how an organization or company conducts business and how they generate income. Some pointers when selecting a business model: (A) Read and examine [...]

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Understanding The Bookkeeping Process The flow of money in a company can be bewildering. Companies make a lot of purchases, pay a lot of expenses, owe money to several entities, acquire sales, pay employees, create estimates, order inventory and collect money from its clients. These transactions must be tracked so that the company would be [...]

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