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
Â
Cash Forecast
Â
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
