Early Out Programs Are Keys to Success in Healthcare Industry

Health Care Organizations recognize the benefits from Early Out Programs. A successful Early Out Program will identify clients that are able and willing to pay, avoiding unnecessary collections efforts while providing increased revenue. As hospitals and physicians staffs are reduced in cost cutting efforts, the need to outsource early out programs continues to grow.

A successful early out program requires a multi-step plan that assures that the patient or responsible party is contacted early. They are informed that they are responsible to provide insurance information or they will need to make arrangements to pay the bill.

Pros in the debt collection business will tell you they are successful because they identify those that are able to pay early and then provide that person the opportunity to make payment in various ways. Understanding that some people will never pay is important. Finding those that can and will pay is the key to success.

There are a number of ways to receive payment and a well planned early out program will maximize the return on your effort.

First, send a timely letter to the responsible party or patient explaining the services that were provided including dates of service and amounts. Explain that payment can be made directly for the services or that insurance information can be provided and that you will bill the insurance company. If the insurance company does not pay, then they will be expected to make payment.

Time is of the essence! If you do not receive a response within 30 days, then a telephone call is the most effective way to make a contact. Sending multiple letters, may have some positive effect, but most will ignore the follow on letters, as they did the first. The key is to identify the right party, get commitment to provide insurance, payment, or knowledge of their intent to make payment. If no contact is made after a telephone call and a message left, then a second letter often is appropriate.

Contact them early and often! Once a letter has been sent, many employ a predictive dialer system to make personal contact or leave an automated message providing a return phone number. Most people have voice message systems, so leaving a message is an effective way to prompt them to make contact with you. In early out programs, most are not as aggressive in their calling efforts as they might be with traditional collections, but the goal is to make contact and let them no your expectations for payment. Making a second call 10 days hence is appropriate and effective.

Provide them many ways to pay you! Many people like to pay their bills with credit cards. Although there is a cost to taking credit cards, it is less costly than having an employee interact with the person that owes you money. Your letter should include that payment can be made on your web site, by an automated phone system, or by sending check or credit card information in the mail. Most people would rather make payments without talking to anyone. That is easy with today's technology which includes Interactive Voice Response (IVR), Voice Messaging (VM), Predictive Dialing, Pay by Phone, Automated email, Automated ACH, and pay via a web portal. Automation makes it easy to pay, verification of account information is done immediately, and payment authorization is provided within seconds. That means you get your money more often and more timely.

What else do you need to know? Check out HIPAA and FDCPA regulations. Many companies can act on behalf of the service provider which makes it easier to comply within the established rules of client contact.

You need to manage your accounts! Managing the results of your actions on your accounts is critical. A good collections software system provides the ability to organize your activities including what accounts to mail and call and when. Measuring and reporting your results internally and to your clients is most important. Good reports will measure your effectiveness and help you adjust your treatment of accounts according to those results. The latest software features the ability to select accounts by any field and then treat those accounts that need follow up. For example, you can select all accounts that are on payment plans with a balance of $500 or greater and are past due on their latest payment by more than 10 days and generate a calling campaign. This can be done with little effort and can generate immediate revenue.

Final words of wisdom! Be consistent in working your early out accounts, use technology as an advantage, measure your results, then you will get good results, new customers, and continued success.

Rodney MacKenzie is VP of Sales & Marketing for CollectTech Solutions. Their flagship software product is Wincollect.

http://EzineArticles.com/6498757

Tips for Outsourcing Your Business' Payroll Accounting

Does your business have their finances in flawless order? Very few companies are able to obtain this flawless financial state, but it is something that they strive to achieve. An action that can be taken to achieve that financial flawless stage is having a payroll service. Now this is probably leaving you with the question, what is payroll service? It is simple; it is a service that allows an employer to manage all the dues that are owed to the employee. The dues can be anything from; wages, compensation, mediclaim, social security, to any other that may apply that the company my have to owe the employee. Once everything is calculated up as a whole, it is then generated into a check or direct deposit to the employee.

Do you want your company to handle its work more efficiently? The answer to the question is simple; a payroll service can help you do just that. With this service it allows the owner to tackle others tasks that are more important to the company. Want to establish an account with a payroll service? If you are the owner of the company all you have to do is provide the list of your employees and their various work and hours. Then the payroll service does all calculations and paying the employees. The benefits of payroll service are cut and dry, meaning a business benefits no matter what just by using payroll service.

Now with having the facts and being convinced about the benefits of a payroll company, now know how to select the best payroll company for your business. One of the most important things that you need is to know what kind of resources you have available. One way to do this is to select payroll software that will help to; calculate payments to employees, send out checks, and file taxes. There is only one drawback of having the payroll software. That drawback is it will not do the function of direct deposit in the employee's name. To make sure that the accounting tasks of the software are done to perfection, it is required to hire someone with knowledge of the payroll software. Just like another software or program, you have to do periodic updates to ensure the software runs smoothly. Some other things that need to do to make sure your payroll software is running smoothly are; making sure customer support for the software works and installing a printer, just to name a few. One of the major factors as a business owner is having knowledge of the payroll laws.

If you have limited resources and time, outsourcing payroll duties is a great option. All you have to do is provide the needed information about your company and employees, to the outsourcing payroll service. Then they take care of all other company needs like; send out checks, tax payments, tax return filing, and taking care of year end forms. There is another option that can be consider and that is online payroll, this service can be altered to suite how your needs are.

Whichever option you decide to choose, just make sure that the payroll is maintain perfectly. By maintaining a perfect payroll, it will allow you to avoid many company hassles that can appear in the future.

Thomas Bladecki is the author, you can find additional information about payroll processing, employee management and the latest news about human resources by visiting The Payroll Company. Get a free quote for outsourcing your payroll by visiting http://www.tpclv.com/.

http://EzineArticles.com/6499122

Down Sized: Now What?

State of Mind:
At your desk working, maybe you just finished a teleconference, your boss calls; "Can you meet me in xyz meeting room?" It's an infrequent request, but not alarming. You walk in and see your boss and an HR representative, a rush of emotions hit you; anger, sadness, embarrassment. You're walked out of the building by security, in front of your now ex-colleagues, carrying a small box of things. No parties, or best wishes, everyone tries to avoid eye contact, as they feel your pain and are relieved that it's not them.

The next morning you're up at normal time, only this time you have no place to go. I had worked hard, put in my years, just didn't seem fair. Everyone's situation will be different and unique, but the emotions and feelings will be similar. Suddenly a huge part of your life comes to a screeching halt. It sucks that it happened to you, guess what it has happened to lots of others and will continue to happen to others, maybe even to you again someday?

It takes some time to get your mental state back. For me it was a couple weeks before I stopped looking for a reason to "why me?". Hopefully you will have some understanding friends and family that you can lean and vent on. I was essentially unproductive the first few weeks, at least from a getting another job perspective. Lots of yard work and home improvement/repairs had been neglected, now made it to the top of the "to do list". I did things I had previously not such as, exercising, lunch with the kids at school and movies in the afternoon.

Early on you need to make sure you understand what will happen with or what options you have regarding things like your 401k, health care coverage, stock options, unused vacation days, severance pay, cobra insurance, unemployment benefits and etc. It's ok to be down on your self for a while, but you still have to take care of the basis.

Point is what your feeling is normal, but you cannot afford to stay in this mood for long. The sooner you can get out of this pity phase the sooner you can get on with living. Your state of mind is critical here, you must believe in yourself and your abilities.

Cutting Back:
Your income has either been reduced or it will soon, so look at where you're spending your money now. It might take some time to find a replacement for the income, so go into conservation mode now. A few small sacrifices now might enable you to sleep better at night in the future; here is a quick list to immediately save you $800 a month:

1) Maid Service - Guess what? You just got a job! Clean your own house for a while. I'm not talking about spending every waking moment cleaning to perfection, I'm saying take care of the basics yourself for a while; vacuum, dusting, bathrooms, etc. If you had weekly service, at a minimum you need to cut back to every other week or once a month service. Estimated savings - $150/month.

2) Lawn Service - If you already have the equipment in the garage, then use it. Make your current service provider why you will not be using them for a while, they will be more willing to work with you in the future if you just need it mowed once. Estimated savings - $120/month.

3) You will now be coloring your own hair. Estimated savings - $50/month.

4) Monthly Massage, Manicure or Pedicure - Forget it! OK if you have a big interview coming up and you need your nails to look good, fine, otherwise forget it. Estimated savings - $150/month.

5) Eating Out - Nope! If you are networking, it's allowed, otherwise eat at home, it's cheaper and healthier anyway. Estimated savings - $200/month.

6) Cancel your gym membership, unless you're in a contract with an exit penalty. Estimated savings - $50/month.

The last two take a little more effort, but still worth doing because they will continue for months, even after you're employed again:

7) Home owners and vehicle insurance - These two combined can easily be $200-$300 a month. Take your current insurance statements and get several quotes from other companies on the same coverage's. Chances are you could reduce your monthly expense here by $50/month just by shopping around some. I had good experience with Amica insurance company, ( http://www.amica.com/ ) they matched my current coverage levels or exceeded in all categories, and did it for a savings of about $540 per year. Estimated savings - $50/month.

8) TV/Internet/Phone Service - Call you provider(s), be honest let them know you were laid off, I found them very willing to help me. Cut the premium channels for sure, if you have a cell phone with unlimited long distance then consider removing the landline. Estimated savings - $30/month.

You have some time now to analyze your current spending, what can be eliminated or reduced. Just by cutting back the areas mentioned above, you are able to save $800 a month. However you must balance your time, do not get hung up on these smallish things, and neglect networking, resume writing and looking for a job. The suggestions I make here are to take some immediate pressure off your wallet, but the real solution will be to replace your income.

Get To Work:
You have made it through the initial shock; you have reduced your monthly monetary outlay, now let's get a job. You've heard the cliché "Make looking for a job your job"; it's true; especially in the current economic situation. Its common these days for employers to provide laid off employees some level of counseling, resume help or retraining services. If you are offered the service, use them. There's a good scene in the movie "Company Men" where Ben Affleck's character walks into a job resource facility, if you have been laid off you'll relate.

Even with all the advances in technology, I think most people still find employment vie the tried and true methods - personal contacts, good resume, and determination. Call your friends, family and business contacts, maybe they know someone that needs someone. No need to sound desperate just let them know your situation, and ask them to keep their ears open. Have your resume polished by a professional. Hit the internet, the phone, and the street. There are many great job posting sites on-line, look for local companies and apply in person. I suggest firstly going to several interviews for positions that you don't expect to get for what ever reason. If it's been a while since you have interviewed, this will allow you to be more relaxed and let your true personality shine when the right position does pop onto your radar screen.
Depending on your skill levels and position seeking, there are many "creative" ways to advertise; YouTube, web sites, phone apps, billboards, dressing up like a cow etc. I have never used these strategies, but I would if I found myself in a crowded market place needing to separate myself from the herd (pun intended!). Your situation will dictate your needs, do you need something, anything now, or are you willing to wait for the right opportunity? That's something for you to decide.

I experienced the high of nailing an interview and expecting to get a particular job, to the low of realizing I was never even seriously in consideration for it. Job seeking is a microcosm of life. There will be ups and downs, but if you work hard and smart, go with your heart and have a little luck, you'll do just fine.

Don't Forget:
Congratulations you just survived one of the top 5 most stressful life events. The thrill of that first paycheck is awesome!

Now that you are gainfully employed, take a few moments and reflect on what you have learned about yourself, your friends and your family during this experience: you overcame repeated rejection, social isolation, you never gave up, you are a strong individual. This life experience has made you stronger and smarter. Since we are in a frugal living forum, I would like to stress that you made it just fine by cutting back in some areas, and it didn't kill you! So don't fall back into the same old traps just because you have a job again. Don't forget:

1) Any $1.00 saved (by not spending it) is like earning $1.30 (including taxes).

2) Any one time purchase of more than $300 should be carefully considered. If you are married or living together, make sure you discuss prior to buying.

3) Bring your lunch to work a few days a week, it saves money and is generally healthier.

4) If your schedule allows, continue to clean your own house and mow you own lawn.

5) Pay off your current vehicle, and drive it into the ground.

6) Give back to others in need.

7) Be empathetic and encouraging to others that are still unemployed.

8) It's not about being cheap; it's consciously spending your money where it has the most impact for you, your family and friends.

9) Be creative, you do not have to spend allot of money to live life to the fullest.

Keep the belts tight, at least for a while; make sure you build up an emergency savings account. In fact if you're married, why not try to live on one salary? You did it while you were unemployed. It doesn't really matter if you're a doctor or a painter, if you spend more than you make, it will not end well for you. For many of us of us, being frugal is a lifestyle choice, and having money in the bank, allows for more choices. After watching your finances closely for a few months, it can easily become a part of who you are. I hope this has helped in a small way to get through a rough patch, and motivated you to continue your frugal living style.

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Home of the Free No Cost Deal! Here at FrugaNation we provide you with the latest information on deals in your local neighborhood that you might not know about. Most of our published offers are completely FREE and none of them require any upfront cost to you.

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Types of Accounting Jobs

The job title of accountant carries the stigma of a person who does your taxes who may (or may not) show characteristics that are better associated with the terms geek, nerd, dweeb, or dork. What many do not realize is that accounting is actually a vast field with job opportunities that range far beyond that of the CPA working at the local tax office. The opportunities for accountants are so broad that the word itself loses significant meaning as a descriptive term. Here, we will take a look at the various roles that are often filled by accountants and how they can use their education and expertise to be successful in them.

Public Accountants/Bookkeepers - Let us get the stereotypes out of the way first. These are the roles most commonly associated with individuals who have an accounting degree. They balance the books, create balance sheets and income statements, and keep track of assets vs. liabilities, accounts payable, and accounts receivable. They also track receipts and income in order to do personal and company taxes each quarter (or year for individuals). Most stereotypes that people pin on an accountant's job fit into these roles. They are extremely important jobs without a doubt, but now it is time to show how accountants can spread their wings and function in other job areas.

Auditors - Most people recognize that auditors are accountants, but many do not realize exactly what they do. The prevailing opinion is that they go through every aspect of an individual's life trying to find ways that they can pin them with more taxes. While this may fit (albeit exaggerated) the role of an IRS audit, most auditors work internally for the company that they are auditing. That's right - many companies want to audit themselves. The auditors for these companies do not have a primary role of looking for malfeasance or outright theft (although that would have served the public well in some of the scandals last decade). Instead, they are checking primarily for discrepancies - typically honest ones - to ensure accuracy of operations and eventual tax payments.

Managerial Accountants - A managerial accountant does not accumulate the numbers. They use the numbers available to actually make decisions. While accountants are often viewed simply as reporters, it is often ignored that their great understanding of the data also often puts them in the best situation to use it. The primary aspect of their role would be that of a manager with the accounting serving more as a necessary supplement.

Financial Analysts - Most financial analysts serve roles similar to managerial accountants. However, while managerial accountants typically base decisions off internal data, financial analysts take a greater look at the external markets and try to determine how their company/organization can best take advantage or avoid market trends, downturns, etc. In addition to making recommendations to upper management, they often run sections of a firm's portfolio making frequent buy and sell decisions.

CEOs - You bet that a large number of accountants make it to the very top. In fact, of the current fortune 500 company chief executive officers, thirty five hold a background in accounting.

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Importance of Document Shredding Services in the Accounting Sector

Reports of identity theft and cases of fraud are on a steady increase. This is especially true in industries that handle sensitive documents such as the accounting sector. Criminals have a way of looking at documents, getting information from them and proceeding to use the same for personal gain. If you are in the accounting industry, the best way to ensure you protect your clients is by using document shredding services.

Importance of Such Services

The importance of such services is one that cannot be overly stressed and it is for this reason that you are encouraged to find a company that offers services tailored to your specific needs. Sensitive documents such as accounting reports, canceled checks, deposit or withdrawal records as well as other banking documents need to be shredded because if they fall in the wrong hand, things could end up being disastrous.

Other documents that need to be handled by paper shredding services include check requests, personnel files, payable invoices and other departmental information. To cap it all, documents from the government as well as from regulatory organizations that operate externally need to be shredded to ensure that they don't fall in the wrong hands either.

Benefits of Using these Services

By using shredding services, you ensure the most important benefits, which is safeguarding your clients. Note that these services are carried out to perfection and as such, there is no trace whatsoever left that might betray important information to criminals. Every business has confidential information and while this is the case, the accounting industry suffers the most when the necessary measures are not put into place. By consulting with document shredding companies, you increase your chances of ensuring that identity theft does not occur and this increases the level of trust consumer have in your institution. This is unlike if there are reported and documented incidences of such occurrences.

Research has proven that most criminals obtain information from sensitive business documents rather than from information stored in electronic formats. This means that the shredding services can offer you an alternative of storing the information while ensuring they destroy any documents you have. This ensures you can still access vital information without exposing your clients to more harm.

By choosing a professional company to handle this, you not only get rid of sensitive documents but also eliminate the need to buy shredding machines and keep them in your office. Note that there are instances when the maintenance of these tends to be high and as such, the document shredding service provider is your best bet. They will destroy the documents to the last details at your own convenience and this lifts a lot of stressful situations off your shoulders.

Conclusion

Shredding services are the perfect solution for accounting businesses since they ensure that all financial documents are safeguarded from criminals. To cap it all, these services can also be put to good use in different business settings. In essence, it is the only way to increase the level of success recorded by your business.

Absolute Destruction & Recycling Corp. is a leader in shredding services Toronto. Offering both mobile shredding services and on site shredding services Toronto and the GTA. Visit http://absolutedestruction.ca/ for more information.

http://EzineArticles.com/6504434

Is Your Bookkeeping Rate Accurate?

As a business owner, especially a small business owner, you want to make sure that you are bringing in the most cash that you can and keeping your expenses low. You will find that one of the main ways that you can cut your costs down is to keep your bookkeeping rate as low as you can. What you want to make sure that is that you are not sacrificing the quality with the price that you are trying to pay.

• Dig Deep Into Details

The thing that you need to be careful with when you are comparing bookkeeping rates is that you are comparing apples to apples. This can be hard to do with bookkeeping rates; they are not as straightforward as you think. What you will find is that a permanent bookkeeper may be able to undercut the rates of a freelance bookkeeper; however you want to look at what that rate includes and how many hours they are going to bill you. Make sure that you are looking into how the more expensive hourly rate may actually turn out to be the better deal.

• Understanding Hidden Costs

If you are deciding between an outsourced bookkeeper and one to hire in your office, you have to take a lot into consideration. First, you will find that it is costly to hire someone. When you have to interview, take time out of your day, and do background checks, which can be expensive. Instead, factor that into your bookkeeping rate and really take that into consideration, outsourcing a bookkeeper may actually be a lot less expensive when it comes to the inflated bookkeeping rate when hiring someone.

• Take Into Consideration Total Hours Needed

When you hire a bookkeeper to work Monday through Friday in your office, in turn they may actually do less work than you ever imagined. There are ups and downs with the bookkeeping side of your business; you may not need a bookkeeper on staff full time. So, when you are looking at bookkeeping rates, you may be paying a lower hourly cost, but in the end, they bill more hours. Instead, what you can do is outsource this and your bookkeeping rate will drop. You can have them work for you when you need them and when you do not need them, you are not paying for them to sit in the office.

• Accountability is Expensive

If a bookkeeping error is made, it can be extremely costly or it may be something that can destroy your business. Don't put yourself in that position to save a few dollars on this. Instead, outsource your bookkeeping. When doing this, you can hold the outsourcing service accountable for the mistake instead of it falling onto your shoulders and potentially ruining your business. The savings alone here should be enough to understand that the Bookkeeping Rate you are being quoted is so much more than a rate; it takes into consideration a lot of other factors.

Many offshore bookkeeping firms offer good Bookkeeping Rates There are many reputed and experienced Bookkeeping Outsourcing firms that offer attractive Bookkeeping Rate and cater to small and medium businesses and CPA Firms worldwide.

http://EzineArticles.com/6505185

Living on A Budget - The Modern Life Needs Financial Stability

Whether you're a single man or woman, or you are a parent or even married, it's vastly important to continue living on a budget for the rest of your life. Yes, there are going to be those that are sighing and wishing they didn't read that, but it's imperative for these modern times. Things might have changed in the past few decades, but one thing is for sure, millions are struggling with debt, financial problems, loans, and so much more. People want a lifestyle that they can't afford, and will do nearly anything to get it, and when the chips are down, they end up having to pay back a lot of creditors. If you're looking to stay away from that, then consider doing something that most people frown upon, and that's spending less money.

Temptation is all around, there are literally millions of different things to spend money on, and look at. If you're having a hard time saving your pennies but still want to spend, change your thinking. Instead of paying for things on credit, consider saving up little by little until you have the right amount of cash to purchase it. You will feel far better about the purchase decision, and in some cases that can thwart the ambition to own something you don't need. How many times have you purchased something that you were going to use daily, and it ended up sitting around collecting dust? If you are normal, then there are several pieces in your home that were used once and now just sitting around the area. If that sounds about right, then it's time to use cash instead of credit.

Living on the edge is hard, and not putting money in order can lead to financial problems. You absolutely need to be living on a budget, or else you're not going to enjoy the hard times. Everyone has to face hard times in life, especially in these uncertain modern times where the economic shifts are leaving millions unemployed with no recourse. If you're struggling today, what's to say that you won't struggle tomorrow? Living on a budget helps you focus on the tasks at hand and end up coming out on top in the long term.

If your goal is to save money, follow through with plans to travel or pay bills, you can do all those things, it's just a matter of setting aside money for the purpose of accomplishing those dreams and goals.

Sandy Phillis is the author of Budget ideas http://www.howtostartabudget.com/ Here I have discussed various budget plans for many life occasions, ratings on budget plans and a free video to watch. Take a look at my site http://www.howtostartabudget.com/ to start your budget plan now

http://EzineArticles.com/6493794

How To Start A Budget - 3 First Steps

People in modern times need to learn how to manage money and understand how financial matters effect their every day lives. Millions are in debt, and it's not just the individual that is plagued by this, the world is in debt, and many will never dig themselves out of it. For those that are continually looking down the barrel of creditors, it's time to rise up and change things. In order to change it's crucial to learn how to start a budget. It is not hard, it is not going to cause stress, but it is vastly important for the generation of wealth for the future. Consider the 3 first steps below and then progress as time goes by.

1. Write Bills - On a sheet of paper or an online document write down all the bills that you have. No matter how many things you have to pay, write them down with the dollar amount. Do not include expenses that occur, just bills. Rent, cable, car loan, and other items should go here with the full amount that is spent on each per month. The next thing to write down is the amount of money you make each month. You can break this down into four sections or two sections depending on how you are paid. Whatever the case is, write down the dollar amounts based on your best estimates.

2. Add It Up - Add the column of bills together. Get a full dollar amount at the bottom of the entire list and see how much it is. If the bills are more than you're making a month, you're in trouble. If they are less, then you are in luck, there is room to breathe.

3. Starting the Budget - Take all the bills and place them in a solitary column, these will be the beginning of your budget. Subtract the bottom total from the amount of money you make a month. Whatever is left over, you need to separate into different columns of needs. The essentials are food, water, clothing, and entertainment. If you have these things taken care of with a dollar amount, then move forward to see what's left. Whatever is left, save it, and don't spend it.

The above three steps makes learning how to start a budget all too easy. If you're looking to figure out how to begin, then you're in luck; you can't lose with the aforementioned ideas. Even those that are not familiar with the idea of budgeting will learn how to start a budget easily.

Sandy Phillis is the author of Budget ideas http://www.howtostartabudget.com/ Here I have discussed various budget plans for many life occasions, ratings on budget plans and a free video to watch. Take a look at my site http://www.howtostartabudget.com/ to start your budget plan now

http://EzineArticles.com/6493797

Outsource Accounting Duties and Utilize Your Money the Best Way You Can

As a small business owner, saving money is probably one of the most important factors out there; one way that you can do this is to outsource accounting duties. You may think that this is not a great option to start with, but reading below and you will see how great of a benefit that this can be for you. Making the most of your business dollars and saving yourself money in the end is something that every business owner should do. By looking to outsource accounting duties, you can do just that.

• Find the Talent You Want in Regards to Accounting Service

Even though you are running a small business, your accounting services still need to be in line of that of a large corporation. Sure, there may be a few less entries and the total book may be smaller, but you still need the same reports and you definitely need the best talent that you can find. You do not want to have errors on your books, in the end, that is just going to cost you a lot of money and potentially prevent your business from growing.

The idea of trying to outsource accounting responsibilities is important because it can take a lot of liability and pressure off of your shoulders. This way, you are actually able to work with a company that has that talent that you need and has the resources that a small business may not be able to handle. You can pool from a larger group of talent that is going to have the skills and the training that are needed to make your books work great. Outsourcing accounting responsibilities is the best way to go and to get what you need as a smaller business trying to leverage larger resources.

• Accounting is not something to take Lightly

If you aren't an accountant, do not do your accounting. You want to make sure that you have an expert doing your books. An error that a lot of small businesses make is that they attempt to have the owner do the books themselves, but they just do not have the background, training, or education that they need. In this situation, instead of hiring someone on full time, be smart and try to outsource accounting responsibilities, this is a great way to get what you need done and not pay an arm and a leg for it.

• Accounting Laws Change Constantly

When you are running a small business, you have a million other things going on in your day. When tax law changes, are you going to remember? That is why it is so important as a business owner to not do your books and instead to outsource it. You do not want to be responsible for an error that you may make. By outsourcing, you can put that on someone Else's shoulders and put the liability on them. By working to Outsource accounting responsibilities you will get an expert that stays on top of the tax law changes.

Outsourcing accounting improves financial operations as well as increased the level of efficiency, adaptability and ability to wok with the market conditions while at the same time curtailing risks and costs. Brow website for outsourcing accounting.

http://EzineArticles.com/6505200

3 (More) Reasons Why Budgeting Does Not Work

It doesn't matter how much money you have, without a good cash-flow plan, it will not help you achieve the goals in life that make you happy. Thus it is important that you are able to manage your finances in ways that support your wealth building and the lifestyle you desire. To get started, most advisors recommend that you create a budget.

Budgeting refers to a method which sets limits on the amount of money that you are going to spend over a certain period of time. Dave Ramsey describes it as, 'budgeting is telling your money where to go instead of wondering where it went'. Budgeting is a great idea, however, although it is a one that most advisors will tell you to adopt, it often does not work, and here's three reasons why it doesn't.

First of all, budgets only focus on your expenses. It does not attempt to hold you accountable to your income, only to your spending. This happens to be the biggest downfall of budgets, because you can only cut back so far before you must start focusing on bringing in more income. In order to build wealth, you must master your cash flow. Your cash flow is the difference between what you bring in, and what you spend. If you spend less then you bring in, you can begin to build wealth with the excess.

The second reason budgets don't work is that when they are made, people tend to set unrealistic targets. It's much easier to estimate your future expenses by guessing, than it is by looking at what you actually spent over the last six months and projecting that forward. If the future looks bleak, it's easy to fudge with the numbers to make them work instead of facing the reality. So now you may have a budget that works on paper, but when you actually try to use it, there's probably a slim chance that you'll actually stick to it and make the cut-backs you proposed in your budget.

The third reason people often fail with budgeting, it makes it makes them feel guilty. It's like going on a diet, then sneaking that delicious desert. Once you've broken your promise to yourself, you have to live with the guilt of not following through. So, the next day, when you want that desert again, it's a lot easier to take it. And eventually, you stop dieting because you get tired of not being able to follow through, and the guilt is too heavy to carry.

Budgeting is a method of managing money that has been given more credit than it deserves. It's a good start, but only if you're willing to focus on increasing your earnings, set realistic targets, and stay committed to your success.

Angie M. Grainger, CPA/PFS, CFP(r), Certified Money Coach
President at RETHINK Money Coaching, Inc. Helping people master their money so they use it to transition into their NEW desired ideal life.

Visit my site http://www.49secretsofmoney.com/ and To learn more go to http://www.49secrets.com/.

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