Message from Mayor Reed to the Wife of Congressman Lewis (Lillian Miles Lewis) who Died

On behalf of the people of the City of Atlanta, I extend my deepest condolences to the Lewis and Miles families on the passing of Lillian Miles Lewis. Mrs. Lewis was active in social justice movements across the country and was an articulate ambassador on behalf of her adopted home city of Atlanta. She was a strong and steadfast supporter of her husband, whom she married in 1968 at Ebenezer Baptist Church. She will be missed.

Financial Statement Report Can be Fraudulent

Huge cases of fraud have been seen in the accounting world. Although some of them happened decades ago, they are still remembered because of their intensity. You would not want such a big problem to rock your company and cause discrepancies in financial allotment. To make you less prone to fraud, you have to understand your financial statement report.

One way to falsify the financial statement is by not recording transactions accurately. There might be discrepancies in the funds allocated to a certain project, bloating the amount that goes out and diminishing the amount that gets in.

There are also instances where people of power use their authority to record estimates that are far from the true cost. This is easily done when there is no person to monitor the actions of people with high positions regarding non-routine transactions.

While management override can sometimes be used to correct problems with the financial transaction report, this could also be used to change the values and favor the person manipulating the data.

Without an internal auditing body to double check transactions, it would be easier to falsify documents. Furthermore, if one fraudster meets another, they could wreak more havoc that will be harder to detect.

The capacity of a business to continue operations is determined by its financial records. If there is too much money loss, the company will be bankrupt. How will you know that your business is doing good when fraudulent data shows that you are running out of funds?

This is exactly why many companies choose to have a separate accounting firm handling their finances. This way, inconsistencies will be minimized and a detailed report of where the funds go will be produced in a timely manner. 

Manage Business Accounting Online

Managing a business involves various responsibilities, once of which is accounting. What is accounting? It’s recording and categorizing the money that’s going in and out of the company. This job is often assigned to businessaccounting providers so that the management can focus on other tasks.

If you are managing a business that requires the help of business accountants, you need to evaluate your needs first. Businesses dealing with selling goods or services online do not need a complicated system or software to manage their accounts.

An inventory is important if your business involves buying things and gaining profit by selling them at a higher price. The quantity, cost per unit, and value need to be tracked in the inventory. This makes for more complicated accounting job. Business accounting becomes even more complicated if you are creating your own product.

There are web-based accounting software products that can help you deal with your accounting needs. The advantage of web-based accounting is it’s faster than desktop software products.

However, you need to be aware of the limitations of business accounting software options before choosing one. For instance, some of them focus on invoicing, while others are specific to tracking cash flow. There are some that will not let you create full financial statements because of the inability to import categorized transactions. Some options also do not have manual input functions.

When choosing online business accounting software, always look for the functionalities that you will need in managing the accounts of your business. 

Quickbooks: As easy as 1-2-3

Entrepreneurs or business owners usually completes written business plans which is very needed for business presentations. Business plans always have a financial section that includes cash flow projections on a day-to-day basis, but these business owners most often confuse "cash flow" with "profit", though these two are completely different.

It is very wise for every business owners to present their financial reports that can regularly be generated, with the help of accounting software’s. They will easily and quickly see their income, expenses, accounts receivable & payable, and bank & credit statements.

Cash flow projection, the confusion between profit and cash flow, and presenting financial report is not hard for Quickbooks.

Quickbooks is the most ideal business accounting software for entrepreneurs. Generating reports with the information they need and whether they're making money or if they want to know where their business stands is as easy as 1-2-3 with Quickbooks.

For more information about QuickBooks visit their website, http://quickbooksatlanta.com/

Quickbooks: Perfect Inventory

If you want to meet your customer's needs, your goal in managing your inventory should be having the enough inventory on-hand.

The goal in inventories is always to minimize its working capital Though, in a cash flow "point of view", there are some reasons why keeping the inventory "minimized'. You can manage your inventory by achieving these things:

- Conduct routine cycle counts by regularly verifying the physical inventory. This will help you guarantee your understanding and research is based on real numbers.

- To make sure that you are making any profit in everything that you sell always analyze the product profitability.

- Sell, donate, or dump; Getting rid of obsolete and discontinued inventory by identifying it.

- Before purchasing new inventory, always make certain that everyone in your organization has entree in different locations on your inventory, especially if you have different and/or multiple locations.

Remember, never lose tract on different inventory levels. Make sure to maintain your focus with its composition to ensure not only in keeping your working capital as minimum as possible, but also excellence with your customers

For more information about QuickBooks visit their website, http://quickbooksatlanta.com/

Other Ways to Use QuickBooks

In today’s 21^st century world, technological advancements are becoming rampant. Almost everything we see is a product of the brilliance of technology. It has become an essential part of everyone’s life. Businesses rely on technology on its operations. They use different kinds of software to manage their businesses. When it comes to accounting, QuickBooks is very helpful tools. QuickBooks is accounting software that makes accounting easier. It has various uses including remote access, payroll assistance and outsourcing, online banking, electronic payment purposes, marketing options with Google, mapping features through Google maps and in the electronic mail aspect with Microsoft Outlook and Outlook Express. Excel Spreadsheets, tracking of employee time and Help functions are also incorporated. Today, QuickBooks Online is also offered.

There are still other functions that QuickBooks offers. However not everyone is familiar with. Here are some of them.

QuickBooks permit you to track your referrals or businesses from its point of origin by class. They may originate from various locations, countries, regions, states or cities. You can also tract your business through the product lines. By class tracking, you can monitor you account through its location and product line. Unfortunately, you can only track using one category. This is one of the ways on how to manage and use QuickBooks database.

You can also charge or bill clients through Job Costing by using QuickBooks. Sending letters to clients can also be done using QuickBooks. What’s good with this is that templates can be customized. These letters can be imported to Microsoft word for further editing. Forms in QuickBooks are also very flexible when customized, although QuickBooks Online is not as flexible. Logos can be easily uploaded. Fonts and colors can be effortlessly changed. You can copy a template and edit it in the layout designer making it your own. You can also manipulate everything from boxes to other things around. Bottom line is when you customize, make sure that everything is appropriate.

Know More about QuickBooks

With thousands of technological advancements discovered in the 21^st century, people made a habit on relying on it – from children’s school projects to business operations. QuickBooks is one of the many discoveries nowadays that help in business accounting. It is software that makes accounting much easier. It is used to remote access, payroll assistance and outsourcing, online banking, electronic payment purposes, marketing options with Google, mapping features through Google maps and in the electronic mail aspect with Microsoft Outlook and Outlook Express. Excel Spreadsheets, tracking of employee time and Help functions are also incorporated. Online QuickBooks are also used today.

Here are some tips on the use of QuickBooks.

 You can add, subtract, multiply and divide here. Yes, QuickBooks has a hidden calculator. You can calculate a long list of numbers. Just be sure to enter the numbers correctly. Work more quickly on data input by automatically recalling account or transaction information. In this way, you can see the transaction history of your account. This can be done if you customize preference in QuickBooks’ memory. Right click any of the icons to customize the toolbar. You can add or remove programs depending on what you want. You can also choose to only show icons. Date can also be changed in the transaction history. Select the date then click (+) or (-) to move the date backwards or forwards. If you have transactions to be created repeatedly, you can have it automatically just by holding down the Ctrl key and letter M. This is called memorized transactions. Multitasking can also be done in QuickBooks. You can open one file and open some more windows for other files. QuickBooks also provide shortcuts like Ctrl and letter d for delete transactions or Ctrl and letter n for new transactions.