Excel Accounting Products

Excel Accounting Products
Excel Accounting Products

Thursday, May 30, 2013

Good Systems Are Simple And Cost Effective

The primary function of any business is to make a profit yet thousands of business owners across the country are unable to report on their financial performance because they lack accounting software that would produce a statement of income. Many business owners have invested in accounting software that they are unable to use because of its complexity. Business performance is not only a mystery for many companies but that performance would have been enhanced if investment had not been made on inappropriate software and systems.


FIGG offer products that range from basic household budgeting tools to a fully integrated financial system that links sales, purchases and cash transactions but also offers additional elements such as payroll and fixed asset control programmes. It is possible to trial the products before they are purchased and this is a measure of the confidence the developers have in the product. The software is also reasonably priced, another big factor for small business owners. It is important that businesses use software that suits their needs, it should only represent a small percentage of overall expenditure. Larger more expensive systems are designed for companies operating with large numbers of users across multiple sites. Some systems may need to factor in a greater degree of internal control that is simply not required for small businesses who may only have a small number of system users. Just as a family of four would not purchase enough food for a hundred people the same principle can be applied to accounting software. It is inefficient to purchase something designed for larger companies and business owners should be wary of any product that is offered at a low headline rate but requires frequent costly updates and training. FIGG software products are inexpensive and are provided with free support. Business owners and finance professionals are switching to FIGG every day as they realise that there is a system that is easy to use, integrates with familiar software, inexpensive and reliable. A revolution is occurring in the world of finance and business owners are being empowered by FIGG products creating a leaner and more responsive small business sector

Accounting Standards

FIGG systems work well because they are simple to use as development of the products has been completed with considerations of small businesses as a priority. Small business owners want a product that provides them with the answers they need about their business delivered in a language that they understand. Whilst it is necessary to ensure that data entry and reporting is easy for users, it is important that products are compliant with generally accepted accounting standards which are governed by the Accounting Standards Board. If business owners are confident in the financial systems they use they are able to focus on their business activities and make their company stronger. The ability to produce accurate financial data in a presentable format is essential when making any application for business finance. Lenders look favourably on businesses that appear well organised and in control of their financial affairs. The availability of financial information enables business owners to be proactive in their business activities. If accounting is a function that is handed to a third party such as an accountant this will achieve compliance with taxation law but will not provide the business owner with the knowledge required to run the business effectively. Decisions will always be made as a reaction to historic data and the knowledge of the financial picture may be presented too late to make a significant difference to the overall position.

What Makes a Good Accounting System

Accountancy is a common language across the world and although there are local differences in the treatment of items within accounts the principles are the same in any country. Despite this there are hundreds of different accounting software packages, all claiming to be the best. The most important consideration must be whether or not the company that has made the investment in the technology, is able to train its staff to get the best out of it. Most small and medium sized businesses need something that can record all sales, purchases and cash transactions, before producing reports that allows a user to extract the information required to run a business efficiently.

Thursday, February 28, 2013

Accounting systems are a business' lifeblood

When you have a product that has been proven over and over to save small business lives you are so passionate about it because well…. it could be like a doctor could feel when they save a patient’s life right? Small business is after all a life that supports families and pays the doctors’ bills.

A slight difference is that Doctors don't have to convince their customers to allow them to save their lives do they?

 Another example perhaps is that vehicle mechanics don't have to convince people that they need to have their vehicles serviced regularly to avoid a huge cost when something breaks for good or because something could go so badly wrong that they could have an accident if they delay, do they?

Why then do so many small business owners wait for something to go so badly wrong to threaten their livelihoods that support their families and pay for their doctors and vehicle maintenance costs before they take accounting for their small business as a given?

I am reflecting on the past 12 months since today is the last day of the South African Income Tax year 28 Feb 2013.

It has been a bitter sweet year for us. It has been sweet because of fabulous small business customers who are using and loving the FIGG products for their simplicity and familiarity of being in Excel while at the same time delivering education and reporting to manage their businesses and eliminate the stress of last minute cramming for an accountant.

Bitter sweet because the past 12 months highlighted for us just how many small businesses do not do their accounting (or even keep their bank statements and details of the payments made) from day one. We have walked the stressful path with some of these small businesses who have reached out to us for help and who have paid a severe, totally unexpected and unnecessary cost and this is so sweet to have been honored to be called on to help and then bitter, knowing how many others like them are out there, “dying”.

On my mind today is small business owners who delayed doing their accounting for 2 to 5 years. The only reason that they did then begin to do the accounting is because they needed Financial Statements for their banks or investors or the Income Tax department "helped themselves" to hundreds of thousands from their bank accounts because they had failed to submit income tax returns.

Without fail, every customer who we helped through this stressful time told us that they never ever thought that accounting and filing was "this important" and failure to do it would cripple them.

Some customers assumed for 2 to 5 years that their accountants were doing "the necessary" and when the customer then called the accountant to either get their financial statements or ask why hundreds of thousands had been taken from their bank accounts, the accountant was either nowhere to be found or just didn't return calls or reply to e-mails.

So now, the customer is not only dealing with the horrific financial burden and shock but also has a mountain of work to get through to get up to date while the interest on funding is growing to the point of bankruptcy with sleepless nights. Plus the cost of having to catch up and sort out the arrears accounting work (copies of bank statements alone cost up to R25.00 per page and there is nothing stopping the bank from printing 3 transactions per page if you know what I mean!). Terribly sad.

I could write a fully-fledged 500 page small print novel but I am going to wind it down and just ask:
Please, if you are or have started a small business, don't delay with your accounting. The Small Business Accounting system at www.figg.co.za costs R199 – if you are not using an accounting system currently or doing any recording in Excel already this will be the biggest return on investment you will ever make. The system comes with video tutorials that supprt you completely especially if you are familiar with Excel and you certainly don't need to be an Excel expert.

It took 2 years to develop the FIGG Small business accounting system to make it simple for you to use giving you powerful but beautiful and easy to understand results. You are guaranteed to appreciate the beauty of being able to see your very own business results in black and white with a click of a mouse. The system was first developed for the South African and Namibian market and then demand required us to develop for the USA and UK market so we have the 4 now and can develop for other countries also at your request.

One more thing; if your accountant is not communicating with you directly at least twice a year and not irritating you just slightly with requests for documentation, then they are not doing the work required.

Time flies so make a note in your diary in January and July that your accountant should be contacting you or time will run away from you and when you look again it will be 2 years later and very costly for you.

If you are not sure what your accountant is meant to be asking you for and what you must get in from your accountant in the event of them disappearing, please e-mail me on info@figg.co.za and I will send you a list for free.

Yours in accounting discipline and support of small business,

Monday, February 4, 2013

Prices slashed for small business RSA, UK, USA

Small Business Accounting System in MS Excel developed for South Africa, UK and USA!
We have slashed the prices of the products since the original price included support to help Customer set up! The feedback from Customers is that the video tutorials gives them all the support that they need.
Our intention has and always will be to supply an affordable easy to use bookkeeping system to small business so if we have little to no support cost we are standing by our intention and have slashed prices.
In case you missed the website address its www.figg.co.za
Enjoy and thanks again.

Monday, July 30, 2012

FIGG | Excel Accounting System to give you control of your finances with a click of a mouse!

August 2012 Newsletter EDITION

Watch us on television on 23 August 2012 at 5.30pm on e-tv and DSTV channel 134 when FIGG will be showcased on It’s My Biz! Make a note in your calendar right now and don’t miss it.

Know what you don’t know about your business finances the
EASY way.
Take away the worry and hassle about learning new systems and settle comfortably into an accounting system that combines the simplicity and power of
MS Excel.
Simple purchase and download from the comfort of your office
or home.

·        Is your accounting system causing you to flush money down the drain?
·        Already using Excel for your bookkeeping?
·        Not doing your books at all?
·        Doing your books because you have to and not to manage your business?

Visit www.figg.co.za and begin your amazing experience with the FIGG Excel accounting products and video tutorials.

Contact Us
We would love to hear from you.  Our team is on standby to assist you in any way we can with regards to FIGG products and service.  We want to see your business grow as much as we are seeing our business grow.

Email: info@figg.co.za
Skype:  info_figg
Web Address:  www.figg.co.za
Twitter: @figgexcel
Facebook: http://www.facebook.com/FiggExcelAccounting
Blog:  http://figgexcelaccounting.blogspot.com/

Until we speak again, thank you to everyone supporting FIGG  And remember; “Now everyone can go figgure!”

Many thanks

Copyright © 2012  FIGG Excel Accounting Solutions, All rights reserved.
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