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If I was your Finance Director
With most business owners and managers coming back from their summer holidays, thoughts are now turning to what will be happening to their businesses, not only in the remaining months of 2009 but in 2010 and beyond. Finance directors are no different in that they will have plenty to occupy them on their return to the office, and they will certainly be playing their part in this thought process. Orchard Growth Partners Principal Antony Doggwiler gives you a taste of what finance directors are up to at this crucial time of the year.

Managing Your Virtual Workforce Effectively
Overcome virtual workforce related challenges and increase business productivity and profitability Most entrepreneurs having a virtual workforce continuously find themselves struggling with issues of communication, trust, work control, productivity and accountability. Here are some points to ponder if you wish to make your virtual workforce more efficient.

Other management accounts Related Articles

How to maximise your sales account opportunities
Customer strategic account management business assessment 5 step tool to help you get the most out of your sales accounts. Start to build a map of your customers business highlighting all the key bits of information you need to strategically manage your accounts successfully.
Rectification Of Accounting Errors
Every businessman is interested in finding out the true profit and correct financial position of his business at the close of the trading period. The effort of the accountant is to prepare the final accounts in such a fashion which exhibits true picture of the business. Accounts are considered to be authentic proof of true financial position of a concern. But in spite of best efforts there are certain transactions which are omitted to be recorded or entered wrongly in the books. Such errors affect the final accounts. An accountant should, therefore, try to locate such errors and rectify them before the preparation of final accounts.
Trading and Profit and Loss Account
It is the summary of such accounts which effect the profit or loss of the concern. These are prepared by transferring from the trial balance all nominal accounts and accounts relating to goods by means of journal entries called 'closing entries'. All remaining accounts i.e. real and personal, relating to properties, assets, debtors and creditors are shown in the balance sheet. In order to know the overall picture of the effect of these accounts they are grouped at one place. Items' increasing profit (revenue) are put on one side (credit) and those decreasing profits (losses and expenses) un the other side (debit). The balance is either net profit or net loss. This income statement is normally divided into two parts - first part is called trading account.
Don’t Miss This Critical Step in Managing Your Business Finances
Do you have an effective system of monitoring your accounts receivable? Without one, your business may be at risk and suffer from poor cash flow management!
Accounts Receivable Factoring: It’s More Than Just the Money
The concept of "core competency" refers to the things done by a business that lie at the heart of its ability to manufacture a product or deliver a service. From a management standpoint, employees should spend as much time as possible working on tasks that contribute directly to the business's core competencies. Since managing accounts receivable isn't a core competency for most companies, many rely on accounts receivable factoring companies to handle their accounts receivable functions. Read about how one company began factoring its accounts receivable in order to improve cash flow and soon discovered that factoring services offer additional benefits as well.
Accounts Receivable Collections: How to Get Late-Paying Customers To Pay On Time
It's great when accounts receivable collections roll in on time, but when they slow down, you still need to replace goods you've sold, pay your employees (on time), and pay the rent and all the other expenses of running a business. Most bad debt write-offs come from old accounts receivable, not current ones-the older the balance, the less chance it will be collected. So your best bet is to encourage your customers to pay accounts receivable on time. "That's helpful," you're probably thinking, "but how do I do that, exactly?" Here are five ideas that may help you improve accounts receivable collections.
Creating an Effective National Accounts Program
This article is intended to help everyone gain a better understanding of National Accounts Programs, including the motivation for creating one and the steps toward a successful process. While it is not intended to definitively answer every question regarding national accounts, it serves as a set of guiding principles for those in the company who are responsible for the success of the program. The executive management needs to be committed to the program and would benefit by understanding the process and concepts.
Tips for Business Financial Accounting Management
There are seven important tips that can help in the management of the business financial accounts. The portion of accounting management that plays an important role in overall business growth and development.
Targeting – The Most Critical Tool for Growth during Tough Economic Times
Targeting is the process of selecting high potential customer accounts to receive intense sales focus. Goal setting translates that high potential into achievable numeric objectives, i.e. revenue and margin growth. Each Territory Manager should select a predetermined number of Target Growth Accounts (TGAs). Creating focus on this group of selected accounts doesn't mean a Territory Manager should ignore other accounts; he/she is always expected to service their entire territory. When making decisions regarding their time, however, they should always consider these selected Target Growth Accounts a priority.
Recourse and Non-Recourse Nurse Staffing Accounts Receivable Factoring: What’s the Difference?
Accounts receivable factoring is quite common in the temporary nurse staffing industry these days. It’s an excellent way for nurse staffing agency owners to bridge the cash flow gap that’s created when their clients (hospitals, nursing homes and vendor management systems) take months to pay for the staffing services. However, as common as nurse staffing accounts receivable factoring is, one of the most misunderstood concepts of the financing arrangement is the difference between recourse and non-recourse factoring.

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