Monday, June 21, 2010

Knowledge is Golden

Shortly after graduating with my accounting degree I submitted my resume to an online career search website. It wasn’t long before I got a call from the woman who is now my boss. She asked me if I was available for an interview and I quickly accepted. When I got to her office, which was in the basement of her house, she was totally stressed out because she could not figure out how to use the MAS90 software for accounting that she had purchased. She hadn’t researched the product very well and had no formal accounting education so she was out of her element and needed a great deal of help.

I was very familiar with the program and she offered me the job taking care of and organizing her accounting books. When I took the job I had no idea how big of a job this was going to be. It seems she had been running her catering business, which was quite successful, for 3 years without ever using any kind of accounting software to keep up with her billing and invoices. Her desk was a mess of stacked papers and invoices and all of them had to be put into the system.

I was well trained in business accounting software and found the program very easy to use. The problem was she had written so many bills out by hand and couldn’t account for all her expenditures. It took weeks for me to get everything straight and in order but once I did everything began running like a charm. She no longer had to stress about her bookwork and could concentrate more on her business. She got very busy and eventually had to move to a much bigger location.

I’ve never understood how anybody can start any type of business without having all the proper tools to run that business. You can’t just think about what it is your business is selling or the service you are providing, you have to consider every element of business in order to have a successful business. Business accounting software is just as important in the business as what it is you are actually doing.

I started that position ten years ago and I’m happy to say that I am still at it except now she has fifteen employees working for her and the business has grown well beyond her dreams. I was lucky to have the education in the business accounting software that she had purchased without knowing how to use. Her misfortune was my saving grace.

Tuesday, June 8, 2010

Profitable Home Business Done Right

When I got my accounting degree I decided to open my own accounting business at home instead of joining a corporation. I knew that all I needed was a few good clients to get my home business up and running to make enough money to make it worth working from home. I knew I would need several types of accounting software in order to be ready for any client that may want to use my services.

I decided I would offer my services in doing payroll, billing, tax preparation, and overall accounting services. Quickbooks was the first package of software I purchased as I had worked with it for many years and found it to be incredibly helpful and easy to work with. It could handle almost all my needs in itself and I knew it was the perfect program to accommodate my business as new clients came in.

But I also needed excellent payroll software, not only for my own personal needs but for those clients who wished to hire me to manage their employee payroll. I found that the Peachtree complete accounting software would handle that aspect just fine. I had thought that I might need one more specialty program to complete my home office, but found that the two programs I had already installed completely filled in the gap where I thought I was lacking tools.

Once I had everything in order I began advertising and visiting local businesses to offer my services. It didn’t take long before I had eight clients needing accounting or payroll help and just like that my business was up and running. I made the right choices in buying the software that I did because all the business tools I could ever need were at my disposal.

I started my business over five years ago and now I am happy to say that I service over fifty clients for various accounting needs. I have hired two employees to help me and together, along with the wonderful accounting software I installed, we make light work of some very heavy demands. The Peachtree accounting software has been a real life saver. It does calculations and automatic updates that makes my job so much easier. I couldn’t imagine doing any kind of bookkeeping without the use of office software; I don’t know how they did it before there were computers.