Archive for September, 2007

Managing Working Capital-Accounts Payable

In this segment on Working Capital Management, a section is solely dedicated to the topic on the managing of Company’s Accounts Payables/Trade Creditors.
Append are some articles in my other accounting blog to enhance some basic knowledge on managing Accounts Payables:
(1) Optimizing Working Capital By Managing Accounts Payable
(2) Understand what is Trade Discount
(3) Understand what is [...]

September 25, 2007  Tags: Accounts Payable  Posted in: Accounts Payables  No Comments

Managing Working Capital -CASH Management

In this segment on Working Capital Management, a section is solely dedicated to the topic on Cash Management.
Append are some articles in my other accounting blog to enhance some basic knowledge on managing Cash:
(1) Optimizing Working Capital By Cash Management
(2) Cash Management-Factors To Consider When Investing Cash Surplus
(3) Cash Management-Investing Cash Surplus

September 25, 2007  Tags: Cash, Cash Management, WORKING CAPITAL  Posted in: Cash Management  No Comments

Inventory- Introduction

In this segment on Working Capital Management, a section is solely dedicated to the topic on Inventory.
Append are some articles in my other accounting blog to enhance some basic knowledge on inventory:
(1) What is stock and why do we hold stock?
(2) Purchases of Stocks And Its Associated Costs
(3) What is Cost of Goods Sold And [...]

September 25, 2007   Posted in: Inventory Mgmt  No Comments

Using The Web-Based Accounting Systems (Part3)–Features To Consider When Buying The Software

Continued from Part 1 & 2 on web-based accounting packages, append below are some of the features/factors that we should consider when buying a web-based accounting packages system:
System requirements

We should ensure that at the workplace, the computers meet the requirements to use web based software effectively, including hardware specifications, browser software version, and Internet connection.

Chart [...]

September 25, 2007   Posted in: Financial Operations  No Comments

Using The Web-Based Accounting Packages (Part 2) -Procedures

Continued from Part 1, this article append below some simplified procedures to implement a web-based accounting system that will leverage current IT tools to improve profitability and efficiency:-

Set up a system network.

This is in relation to the connection of the local and remote computers for sharing information and resources, Ethernet networking is a good choice [...]

September 25, 2007   Posted in: Financial Operations  No Comments

Introduction to Using Web-based Accounting Systems As Part Of Work Flow Efficiency ( Part 1)

Reliable and efficient access to information has become a must for business firms to stay competitive. One simple way is to deploy web-based accounting systems in your workplace.
This is particularly so as the functions of web-based software packages are getting more varied and not only confined to the bookkeeping aspects:

financial accounting & reporting;
payroll;
cash-flow management;
customer relationship [...]

September 24, 2007   Posted in: Financial Operations  No Comments

Factors To Consider In Sales Forecast, Production And Cash Forecast (Part 3 of 3)

Continued from Part 1 & 2 on Sales and Production Forecast, append below a suggested checklist of what factors and the sources might be considered when constructing the Cash Forecast
 
Cash Forecast
 
Factors:

How long a period the forecast will cover?
Past cash forecasts;
Demand for the products;
Supply of raw material;
Credit control policy of company and government;
Overtrading condition;
Influence of external [...]

September 23, 2007   Posted in: Financial Forecasting  No Comments


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