FIGG Excel Accounting
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.
Sunday, November 22, 2020
Thursday, August 27, 2020
Saturday, September 21, 2019
Small
Business - Has your bank asked you for your 3 years latest Annual Financial
Statements?
Are you
walking around looking pale because you have just received the quote from your
accountant to prepare them for you?
Relax!
I have just completed my collection of Excel templates for small business with
the grand finale being Annual Financial Statements! (abbreviated AFS)
The AFS
is beautiful, even if I say so myself pardon.
All our
Excel templates are beautiful but the AFS is now my pride and joy.
If you
or your secretary work on Excel, you will never get behind with your AFS
again. You are in any case required by law (Companies Act, Tax Act, Dept
Labour etc) to prepare your AFS strictly annually.
It will
be one of the best money saving investments of your life.
Chat
soon!
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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.
Benefits
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.
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