The best Internet Business Opportunities

Some of the best Internet businesses you can start from home, without a lot of training and a lot of upfront cost.

The first of these Internet businesses you can start from home is a bookkeeping service. This is a very popular business because people either love or hate bookkeeping and most the latter. Business managers and owners don't usually have the time to keep their own books, and welcome someone reliable who can do it for them. Small business owners don't need full time bookkeepers so a service that offers this on a contract basis is ideal for these folks.

To be a bookkeeping service success, you must be accurate and thorough and have spreadsheet and accounting software proficiency. Your integrity and attention to detail must be superb. If you haven't already done any bookkeeping or accounting work you'll just need a couple basic how-to courses at the college level to be ready to start this Internet business from home. There are a few online cources as well which you can do sitting from home.

Consulting Servive is fast becoming a hot business opportunity, If you are leaving a career behind in which you excelled and in which you still have an interest you can offer consulting services in that field and industry. Consulting is a $12 billion industry in the U.S. alone, and that number increases each year as technology allows for distance communication. Practically anyone can do consulting work. They just need to know more about their field of specialization than the clients for whom they work. They must be dependable, personable, organized and able to convey the materials and information they are hired to convey.

There are so many consulting businesses that thrive today, many of them doing business in large part from home on the Internet. Here are a few Internet consulting businesses you can start from home.

Originally source: http://www.articles-hub.com/

Republished By: Outsourcing Bookkeeping

Career in Payroll Management

Payroll management requires specially trained people to handle the work. If currently available data can be relied upon, it is a field that is expected to grow by almost thirty percent in the next five years. Such growth gives rise to a number of career opportunities.

There is a constant requirement of qualified personnel in companies that cater to the back office needs of various small and midsize enterprises by offering payroll management services. They require competitive individuals who are able to maintain professional business relationships. Customer service and problem resolution are part of the job. Other desirable attributes are excellent soft skills in phone etiquette, presentation and networking skills together with qualifications in accounting, payroll fundamentals, management and support systems.

Employment Levels
There are managers, supervisors and clerks working at their respective levels in payroll management. They work as a team and execute payroll management functions to ensure that employees receive their paycheck at the right time. They ensure compliance under the various provisions of the law in force, relating to taxes, insurance, sick pay and maternity pay.

The duties and responsibilities involved in payroll management are to key in and process a company's payrolls and employee changes. Preparation of weekly reports for production stats, and change of status forms are made on a regular basis. It is not an easy task, taking into account the different levels of employees having different pay.

Required Qualifications
Payroll administration skills for lower level employment can be acquired through a combination of on-the-job-experience and informal training. Most employers prefer a high school diploma. Computer skills are highly desirable. People with a professional certification have a much greater chance of employment and a higher salary.

Training Courses
The American Payroll Association provides comprehensive training through a three-course instructor led learning series. This training program is offered at colleges and universities all over USA with a certificate awarded on completion. The first course, called Primary Payroll Skills, covers those needing detailed basic knowledge of preparing payrolls and related calculating and applications. The second course titled Essential Payroll Skills provides advanced training on federal payroll law and regulatory compliance. The course on Advanced Payroll Skills is for those who wish to gain advanced knowledge and application skills on payrolls, essential for functioning at supervisory or managerial positions. Completion of these courses provides a proper foundation for successfully clearing the FPC or CPP, which are certification examinations in payroll management.

Certifications
The American Payroll Association provides professional certification credentials in payroll management. The certification is valuable because it helps the individual demonstrate their payroll expertise and get promotions in order to advance in their careers.

For payroll beginners, the certification credential is the Fundamental Payroll Certification (FPC). For FPC, you are required to have thorough knowledge of terminology and concepts related to payrolls. The other related knowledge areas would relate to accounting principles, classification of pay and customer service.
For those who have managed to gain some experience in payroll administration, there is the advanced certification credential called Certified Payroll Professional (CPP). The examination for this covers different employee categories, statutory benefits and implications related to taxation. The examinee would also require an in depth understanding of penal provisions for non-compliance of statutory obligations and errors related thereto. Questions about management and support systems for payrolls are also given.
Earnings

About the Author
Tony Jacowski is a quality analyst for The MBA Journal.

Originally source: http://www.articles-hub.com/

Republished By: Payroll Processing

Charting Your Course with Bookkeeping

When the exact longitude and latitude of the ship are known it's possible for the captain to chart an accurate course across rough seas. The general manager of a business is like a ship's captain. Knowing your location and direction is fundamental for charting the right course in sailing and in business.

The charts for a business are its income statement and balance sheet. A good general manager uses these to know exactly where the business is and where it is headed. Armed with this information, better business decisions are more likely. A competent bookkeeper provides these reports accurately and in a timely fashion.

It is the job of the bookkeeper to accurately state the condition of the business in a real time basis. The bookkeeper records all changes in the financials of a business using a double entry accounting system based on the fact that Assets = Liabilities + Owner Equity. All business transactions are accounted for using this system.

Some basic tools of the bookkeeper are:
Ledgers such as accounts receivable, accounts payable, fixed assets Journals for recording each financial transaction Vouchers such as checks and numbered bills for services or material Invoices representing sales of products or services Journal entries (recurring and special) Trial Balances for interim reporting Financial Statements beginning with the income statement and balance sheet Four important features of competent bookkeeping are:

Timeliness: It's generally important to record transactions on a timely basis. This means that invoices and bills are posted by the next business day. However, on some instances similar transactions are processed in batches.
Account Reconciliations: It's also critically important for accounts to be reconciled monthly to assure accuracy. For the cash to be right, for example, check books must be reconciled to the bank statements and outstanding checks must be identified.

Analyzing Accounts: For payables and receivables, it's important to know the age of the bills and invoices. How much is "current" and "overdue" is basic to staying on top of your credit rating and vendor relations. For receivables it's important to know how you are doing in collecting funds from each of your customers. Matching: Revenues in a fiscal period must be matched to expenses incurred in that same period. When items don't match in the same period, inaccurate income statements are the result. This leads the general manger to miscalculate the direction of the business. Good bookkeeping is the foundation of good accounting. It is also fundamental to help the general manager steer the business through rough seas and into calm waters.

About the AuthorDavid Powelson has run several successful small businesses. His current businesses are Power World Sports and Sales Star Networks. David is also working on the definitive manual for general managers.

Originally source: http://www.articles-hub.com/
Republished By:Outsourcing Bookkeeping Services

Cost Benefit Analysis: Whether You Should Outsource Bookkeeping

What is a role of a bookkeeper in your organisation:

BOOKKEEPERS keep complete, up-to-date, and accurate records of accounts and financial arrangements. Bookkeepers verify and enter information into journals and ledgers or into a computer. They periodically balance the books and compile reports and financial statements. Bookkeepers also receive, record, bank and pay out cash. They balance checkbooks with monthly bank statements. They may calculate employee wages from plant records or time cards and issue payroll checks. Some of the other work they may do includes posting accounts receivable and payable, prepare and make bank deposits, record payrolls, maintain inventory records, purchase supplies, prepare purchase orders and do expense reports. Bookkeepers may also make schedules, sort documents, and file bills. These type of jobs are found in every industry and may have various job titles, such as accounts payable clerk, accounts receivable clerk or assistant bookkeeper.

Cost of a Bookkeeper :The pay for these jobs depends upon experience, clerical skills, the level of responsibility and the job location. Beginning salaries go from minimum wage to $ 15 per hour. Experienced Bookkeeper can make $ 20 an hour. After having worked for three years with the same firm, a Bookkeeper can earn at $ 25 per hour. A Bookkeepers usually work 40 hours a week; sometimes it may be necessary to work overtime. Some employers have fringe benefits such as paid vacations and sick leave, life and health insurance, and bonuses. Other benefits that the employer may include are participation in a credit union, or retirement and profit sharing plans.

Advantage of outsourcing Bookkeeping work to a professional bookkeeper :There are several distinct advantages to outsourcing your bookkeeping functions. First and foremost is saving money. You get what you pay for and if you don't pay for quality than you won't have quality service. However, you can save money by outsourcing because you won't be paying for employer payroll tax expense, workman's compensation and general liability insurances, vacation time, sick time, health insurance and other benefits a good full time bookkeeper will expect from his/her employer. Just remember, however, that these costs will be built into the consultant's hourly rate and their fee will reflect these costs. Any bookkeeping consultant who has not taken these costs into consideration is not a bookkeeper you want - if they don't know enough to include these costs into their fees, then they don't know enough to be a help to your business. You should expect to pay at least three times what you would pay an experienced full charge bookkeeper.

Published By: >Bookkeeping Accounting Services

Feel Free to contact us at: info@bookkeepingservicesindia.com
For more information about: Bookkeeping Accounting Help