Monday, June 23, 2008

City audit: Poor bookkeeping faulted in deficit

By Richard Gaines
Staff writer

Fraud is no longer considered a possible explanation for a $1.4 million variance in the books for the 2007 fiscal year that ended last June 30. In truth, poor bookkeeping and software were to blame.

Those are the conclusions of the auditing firm, Sullivan, Rogers & Co., which was given a $24,000 contract two months ago to make sense of the city's incomprehensible financial books.

Its report, conveyed to City Council and the Times by Mayor Carolyn Kirk, puts to rest the mayor's previous concern that something more sinister than bad bookkeeping was afoot in the city Treasurer's Office, the Department of Public Works, or possibly elsewhere.

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Tuesday, June 10, 2008

Small businesses Accounting and Bookkeeping

Small businesses are finding it increasingly more economical to outsource their accounting and bookkeeping needs to contractors. These contractors often work from home offices. With a few basics such as a fax machine, copier and computer with the proper software, you can be on your way to a lucrative career as a home based accountant.

As an accountant, you work with businesses and individuals to provide tax planning and preparation of tax forms, monthly financial reports, audits, billing and payroll services. Accountants sometimes offer broader services that include budget analysis, financial and investment planning, and info rmation technology consulting. As an accountant, y ou should be very comfortable working with numbers, and be detail-oriented - and most of all, organized.

Accountants are required to hold a bachelors degree in accounting or a related field. Additional professional recognition can be obtained through certifications or licensure, a master’s degree or proficiency in accounting software. These supplementary credentials can give you an advantage when you are marketing your home-based accounting business.

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