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	<title>Accounting Conall McDevitt</title>
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	<link>http://www.conallmcdevitt.org</link>
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	<lastBuildDate>Sun, 15 Apr 2012 03:30:04 +0000</lastBuildDate>
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		<title>Cheapest PCs</title>
		<link>http://www.conallmcdevitt.org/114-cheapest-pcs.html</link>
		<comments>http://www.conallmcdevitt.org/114-cheapest-pcs.html#comments</comments>
		<pubDate>Sun, 15 Apr 2012 03:30:04 +0000</pubDate>
		<dc:creator></dc:creator>
				<category><![CDATA[Uncategorized]]></category>
		<category><![CDATA[current energy]]></category>
		<category><![CDATA[energy consumption]]></category>
		<category><![CDATA[energy costs]]></category>
		<category><![CDATA[huge computer]]></category>
		<category><![CDATA[power consumption]]></category>

		<guid isPermaLink="false">http://www.conallmcdevitt.org/?p=114</guid>
		<description><![CDATA[Personal Computer have changed the people life. And every person have a PC in their home in a normal family. And my opinion every one need a PC. But due the the huge amount of use of the energy due to the Computer in huge sector, the energy consumed is growing day by day. And [...]]]></description>
			<content:encoded><![CDATA[<p><a href="http://www.lowpowerpcs.info/">Personal Computer</a> have changed the people life. And every person have a PC in their home in a normal family. And my opinion every one need a PC. But due the the huge amount of use of the energy due to the Computer in huge sector, the energy consumed is growing day by day. And there must be some solution to this problem. If the huge computer can be made to work in low power available then we can managed the energy saving and bring a revolution in the world.</p>
<p>After some research we found that <a href="http://www.lowpowerpcs.info/">green pc</a> has been introduced by some people around the world and has been a great success. It has a saying that its energy costs reduced 60% of the current energy consumption. So a Low Power PC can be a great revolution for the people and countries.</p>
<p>Its not just about the power consumption, but they are also the cheapest found on market. If people are really concious about the energy and the money then, I suggest people surely should get a one. I have order a piece for myself, as every good things should be started from ownself.</p>
<p>Save energy, Save world &#8211; Go green.</p>
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		</item>
		<item>
		<title>Free Bang You Later Porn</title>
		<link>http://www.conallmcdevitt.org/115-free-bang-you-later-porn.html</link>
		<comments>http://www.conallmcdevitt.org/115-free-bang-you-later-porn.html#comments</comments>
		<pubDate>Tue, 27 Mar 2012 08:25:48 +0000</pubDate>
		<dc:creator></dc:creator>
				<category><![CDATA[Uncategorized]]></category>
		<category><![CDATA[free downloading]]></category>
		<category><![CDATA[porn categories]]></category>
		<category><![CDATA[porn contents]]></category>
		<category><![CDATA[porn movies]]></category>
		<category><![CDATA[porn sites]]></category>

		<guid isPermaLink="false">http://www.conallmcdevitt.org/?p=115</guid>
		<description><![CDATA[Getting free access to porn movies online is easy to do at bangyoulater  . Here you will be able to get many kinds of pornograpgic videos easily for free. Downloading porn movies online at Bang You Later is easy because you don’t have to pay for anything. The service is available for people all across [...]]]></description>
			<content:encoded><![CDATA[<p style="text-align: justify;">Getting free access to porn movies online is easy to do at <a href="http://twitter.com/#!/bangyoulater/" target="_blank">bangyoulater</a>  . Here you will be able to get many kinds of pornograpgic videos easily for free. Downloading porn movies online at Bang You Later is easy because you don’t have to pay for anything. The service is available for people all across the world and they are accessible 24/7. Porn sites online are only accessible for those who are over 18 years old. Porn sharing site online is very popular nowadays due to the increase of porn movies demand that equally comes from men and women.</p>
<p>People are no longer thinking that getting porn is such an immoral thing to do. People have free will and that is including on getting porn entertainment whenever they like. You can find many porn sites online that provides many kinds of porn categories that meet certain <a href="http://www.bangyoulater.com/" target="_blank">porn</a> movies interest. This means that this industry is getting more advanced and that people who enjoy porn entertainment are no longer banned from the society today. Getting porn is easy to do because the internet is a free site where entertainment sharing meets infinity. People can get entertainment as much as they want from the internet. That is also including porn.</p>
<p>To get porn contents online, one is simply required to certify that they are over 18 years old. Then they can access the porn contents at free sharing site for <a href="http://www.bangyoulater.com/ " target="_blank">http://www.bangyoulater.com/</a>   online and watch porn movies that they want easily. To download porn movies, a membership is required. Again, this service is for free. Sites for porn such as Bang You Later provides free access to its members to download as many porn movies as they want easily. You can find many categories with hundreds of porn movies that you can instantly watch online without registering.</p>
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		</item>
		<item>
		<title>Remake Your Photos Differently Every Day</title>
		<link>http://www.conallmcdevitt.org/101-remake-your-photos-differently-every-day.html</link>
		<comments>http://www.conallmcdevitt.org/101-remake-your-photos-differently-every-day.html#comments</comments>
		<pubDate>Mon, 05 Mar 2012 15:22:44 +0000</pubDate>
		<dc:creator></dc:creator>
				<category><![CDATA[Uncategorized]]></category>
		<category><![CDATA[classmate]]></category>
		<category><![CDATA[everyday service]]></category>
		<category><![CDATA[funny photos]]></category>
		<category><![CDATA[photo effect]]></category>
		<category><![CDATA[photo effects]]></category>

		<guid isPermaLink="false">http://www.conallmcdevitt.org/?p=101</guid>
		<description><![CDATA[The one and only website that offers everyday service in photo effect is picjoke with one of its features that is called photofunia. Here, you can choose the language that you are mastering such as English, French, Deutsch, Italian, Japanese, Korean and many other languages. By using this application, you can make photo effects with [...]]]></description>
			<content:encoded><![CDATA[<p style="text-align: justify;">The one and only website that offers everyday service in photo effect is picjoke with one of its features that is called <a href="http://en.picjoke.net/">photofunia</a>. Here, you can choose the language that you are mastering such as English, French, Deutsch, Italian, Japanese, Korean and many other languages. By using this application, you can make <a href="http://en.picjoke.net/">photo effects</a> with various choices that are offered by this site based on the date. For instance, you can try to do collage from your photos, your friends, your children, your classmate, even your boss and get the most <a href="http://en.picjoke.net/">funny photos</a> from it and no need to worry about the time when it is opened for it opens every day.</p>
]]></content:encoded>
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		</item>
		<item>
		<title>Twtter new revolution</title>
		<link>http://www.conallmcdevitt.org/87-twtter-new-revolution.html</link>
		<comments>http://www.conallmcdevitt.org/87-twtter-new-revolution.html#comments</comments>
		<pubDate>Thu, 16 Feb 2012 14:04:36 +0000</pubDate>
		<dc:creator></dc:creator>
				<category><![CDATA[Uncategorized]]></category>
		<category><![CDATA[application directory]]></category>
		<category><![CDATA[google]]></category>
		<category><![CDATA[ipad]]></category>
		<category><![CDATA[new revolution]]></category>
		<category><![CDATA[twitter]]></category>

		<guid isPermaLink="false">http://www.conallmcdevitt.org/?p=87</guid>
		<description><![CDATA[Twtter is the biggest all in one Twitter application directory. People here can subscribe to whole lots of apps and get benefits- of all the applications free of cost. Twitter is not just a place where you Tweet, it is more than that where people can share and help each other out. So, twtter has [...]]]></description>
			<content:encoded><![CDATA[<p><a href="http://www.twtter.us">Twtter</a> is the biggest all in one Twitter application directory. People here can subscribe to whole lots of apps and get benefits- of all the applications free of cost. Twitter is not just a place where you Tweet, it is more than that where people can share and help each other out. So, twtter has been making application that makes user ease their twitter.</p>
<p>You can <a href="http://www.twtter.us">tweet via</a> anything you like that are listed on the directory. Posting and Updating new status using cool applications like iPhone, iPad, Android, Twitter, Google and more. You do not need to have the device or applications on your own, you just need to allow your Twitter to access and you will be ready to go. Just type any status you want to post via and press the Tweet button, and you see the tweet updated on Twitter time line.</p>
]]></content:encoded>
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		</item>
		<item>
		<title>Four Symptoms Your Small Business Accounting System Doesn&#8217;t Work</title>
		<link>http://www.conallmcdevitt.org/84-four-symptoms-your-small-business-accounting-system-doesnt-work.html</link>
		<comments>http://www.conallmcdevitt.org/84-four-symptoms-your-small-business-accounting-system-doesnt-work.html#comments</comments>
		<pubDate>Tue, 07 Feb 2012 01:12:10 +0000</pubDate>
		<dc:creator></dc:creator>
				<category><![CDATA[Uncategorized]]></category>
		<category><![CDATA[accounting programs]]></category>
		<category><![CDATA[accounting system]]></category>
		<category><![CDATA[microsoft small business]]></category>
		<category><![CDATA[peachtree accounting]]></category>
		<category><![CDATA[small business accounting]]></category>

		<guid isPermaLink="false">http://www.conallmcdevitt.org/?p=84</guid>
		<description><![CDATA[Every year about this time, I see too many accounting systems that don&#8217;t work&#8230; QuickBooks and PeachTree and Microsoft Small Business Accounting programs that don&#8217;t do what their small business users want or need. Sometimes, people know their accounting systems don&#8217;t work. And they don&#8217;t care. But, sadly, sometimes, the struggling small business person doesn&#8217;t [...]]]></description>
			<content:encoded><![CDATA[<div id="article-content" style="text-align: justify;">
<p>Every year about this time, I see too many accounting systems that don&#8217;t work&#8230; QuickBooks and PeachTree and Microsoft Small Business Accounting programs that don&#8217;t do what their small business users want or need.</p>
<p>Sometimes, people know their accounting systems don&#8217;t work. And they don&#8217;t care. But, sadly, sometimes, the struggling small business person doesn&#8217;t even know his or her system isn&#8217;t working until it&#8217;s too late. Until the business fails because the owners don&#8217;t realize they aren&#8217;t making money.</p>
<p>Fortunately, perhaps surprisingly, you can usually tell pretty quickly whether an accounting system like QuickBooks, Peachtree Accounting, or Microsoft Small Business Accounting works the way it should. Just look for one or more of the following four symptoms.</p>
<p><strong>Symptom #1: You Don&#8217;t Know How Much Cash You Have Right Now</strong></p>
<p>Any accounting system, run right, tells you how much money you have in your bank accounts. To the penny. Accordingly, if you can&#8217;t look at a bank register in your accounting system and see how much money you have, sorry, your system doesn&#8217;t work.</p>
<p><strong>Symptom #2: You Don&#8217;t Know How Much Money You Made Last Week, Month or Year</strong></p>
<p>Here&#8217;s another symptom of things gone bad. With just a few clicks of your mouse, you should be able to produce an accounting report called a profit and loss statement that tells you whether you made money last week, last month, last year, and so on.</p>
<p>A profit and loss statement simply summarizes the revenues and expenses of a business for an interval of time and then shows the difference between these subtotals&#8211;which is your profit or loss.</p>
<p>Now, this instant access to profit and loss information wasn&#8217;t always the case. In the past, people often waited until the end of the month or even the end of the quarter to send off their financial records to an accountant or bookkeeper. A few hours or a few days later, the bean counter produced a financial statement that showed whether or not the business had made money.</p>
<p>No more. If you&#8217;re doing your accounting right using something like QuickBooks, you should almost always be able to see whether you&#8217;re making money or not. And at almost any moment in time. That&#8217;s the point.</p>
<p><strong>Symptom #3: You See Goofy Numbers on Your Balance Sheet </strong></p>
<p>The first two symptoms are pretty obvious, I guess, but the third symptom is sometimes more subtle&#8230;</p>
<p>Turns out you can sometimes produce a profit and loss statement that sort of looks right&#8211;even if it sometimes isn&#8217;t. If you can produce a balance sheet that doesn&#8217;t have goofy numbers, though, that&#8217;s more telling. You can&#8217;t fake a balance sheet. Accordingly, carefully check out your balance sheet report.</p>
<p>A balance sheet lists assets, liabilities and owner funds invested or reinvested. If you don&#8217;t see goofy numbers on your balance sheet <em>and</em> your profit and loss statement looks right, you accounting system is probably capturing data in the right way.</p>
<p>Goofy balance sheet numbers include things like a big negative bank account balance, clearly incorrect accounts receivable or accounts payable balances, and any other accounts with strange names or balances.</p>
<p><strong>Symptom #4: You Get Lots of Adjusting Journal Entries from Your CPA</strong></p>
<p>Many accountants prepare a handful of end-of-the-year accounting entries for their small business clients. I often do this, for example, when I prepare a small corporation&#8217;s or small partnership&#8217;s tax returns.</p>
<p>Now don&#8217;t get me wrong. Preparing a handful of accounting entries is expected. Especially for amounts you can&#8217;t easily calculate&#8211;such as tax return depreciation.</p>
<p>If, however, your accountant or bookkeeper is making many other adjustments, you should verify that the accountant isn&#8217;t adjusting accounts at year-end because you&#8217;re not regularly tracking the account as you go through the year.</p>
<p>Heaven help you, for example, if your poor accountant finds himself or herself adjusting your cash accounts (this means you don&#8217;t know how much cash you have&#8211;which is of course symptom #1 above) or making large adjustments to any other accounts such as inventory.</p>
<p>Large end-of-year adjustments means your accounting system means just one thing: The books aren&#8217;t up to date with the financial realities of your operation. This lack of up-to-date information, sadly, means you may be flying blind.</p>
</div>
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		<item>
		<title>International Merchant Accounts</title>
		<link>http://www.conallmcdevitt.org/80-international-merchant-accounts.html</link>
		<comments>http://www.conallmcdevitt.org/80-international-merchant-accounts.html#comments</comments>
		<pubDate>Mon, 06 Feb 2012 06:10:42 +0000</pubDate>
		<dc:creator></dc:creator>
				<category><![CDATA[Uncategorized]]></category>
		<category><![CDATA[international fraud]]></category>
		<category><![CDATA[international merchant account]]></category>
		<category><![CDATA[international merchant accounts]]></category>
		<category><![CDATA[internet merchant account]]></category>
		<category><![CDATA[merchant account providers]]></category>

		<guid isPermaLink="false">http://www.conallmcdevitt.org/?p=80</guid>
		<description><![CDATA[International merchant accounts are great tools for international trading. These accounts are provided by account providers of a foreign country. As these accounts are not tied to the regulations and tax rules of the native country, you can get more tax benefits. All international merchant accounts are multi-currency accounts, which enable you to trade virtually [...]]]></description>
			<content:encoded><![CDATA[<div id="article-content" style="text-align: justify;">
<p>International merchant accounts are great tools for international trading. These accounts are provided by account providers of a foreign country. As these accounts are not tied to the regulations and tax rules of the native country, you can get more tax benefits. All international merchant accounts are multi-currency accounts, which enable you to trade virtually in all currencies available.</p>
<p>Today, international merchant accounts are very popular among all businesses persons. With these accounts, you have two options &#8211; you can either set up your own account or use another person?s account as a third party account. The first option is good for well established merchants, as it offers more tax benefits and more profit. If you are an online merchant, your must have an Internet merchant account to receive your money.</p>
<p>International merchant accounts enable you to automatically convert foreign currencies without any converting charge. You can also specify a currency in which transactions are to be settled. All international merchant account providers offer international fraud protection, which minimizes loses due to charge backs and disputed transactions.</p>
<p>Advantages of international merchant accounts include no volume caps, online payment gateway, virtual online terminal for manual entries, 24/7 real-time online reporting, acceptance of all popular credit cards, payouts every week, and easy set up (usually within one week). International merchant accounts are an easily available option for most high-risk merchants engaged in gaming, pharmacies, phone card sales, timeshare rentals, credit repair &amp; counseling, outbound telemarketing and multilevel marketing fields.</p>
<p>Disadvantages of international merchant accounts include their high fees. The set up fee, transaction fee and monthly discounts will be higher than those for a US-based business. Most providers demand a security in the form of a bank deposit or monthly minimums.</p>
<p>International merchant accounts are easy to setup and operate. There are many merchant account providers who provide this service. The best way to find these companies is to search on the Internet.</p>
</div>
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		</item>
		<item>
		<title>Running a Business? Why You Need to Know About Accountancy</title>
		<link>http://www.conallmcdevitt.org/79-running-a-business-why-you-need-to-know-about-accountancy.html</link>
		<comments>http://www.conallmcdevitt.org/79-running-a-business-why-you-need-to-know-about-accountancy.html#comments</comments>
		<pubDate>Sun, 05 Feb 2012 01:11:18 +0000</pubDate>
		<dc:creator></dc:creator>
				<category><![CDATA[Uncategorized]]></category>
		<category><![CDATA[business decisions]]></category>
		<category><![CDATA[educated guess]]></category>
		<category><![CDATA[profit and loss statement]]></category>
		<category><![CDATA[running a business]]></category>
		<category><![CDATA[straight line depreciation]]></category>

		<guid isPermaLink="false">http://www.conallmcdevitt.org/?p=79</guid>
		<description><![CDATA[When you first envisaged working for yourself, it&#8217;s pretty unlikely (unless you&#8217;re an accountant) that this vision included late nights compiling end of period financials. Or sitting hunched over a part-completed profit and loss statement with furrowed brows. There&#8217;s no doubt accountancy, for most, is not the most glamorous part of the job. But it [...]]]></description>
			<content:encoded><![CDATA[<p style="text-align: justify;">When you first envisaged working for yourself, it&#8217;s pretty unlikely (unless you&#8217;re an accountant) that this vision included late nights compiling end of period financials. Or sitting hunched over a part-completed profit and loss statement with furrowed brows. There&#8217;s no doubt accountancy, for most, is not the most glamorous part of the job. But it is essential to making well formed business decisions, weak accounting is a fatal flaw, and if you remember nothing else from this article, remember this, your company&#8217;s finances are YOUR responsibility not your accountant&#8217;s!</p>
<p style="text-align: justify;">Liability for decisions rests ultimately with you as the business manager. Not with your accountant. But even with the best accountant in the world, if you haven&#8217;t taken the time to understand the function of the accountant and the accounts, you can&#8217;t expect to make well informed decisions, nor can you expect your company&#8217;s financials to be anywhere near as accurate as they might be, if you took the time to get involved.</p>
<p style="text-align: justify;">Consider the following example, two companies (let&#8217;s call them CompanyA and CompanyB) buy exactly the same piece of machinery, their 5 year predicted valuations for the item are as follows&#8230;</p>
<p style="text-align: justify;">Year 1 $10,000 $10,000</p>
<p>Year 2 $8,000 $8,000</p>
<p>Year 3 $6,400 $6,000</p>
<p>Year 4 $5.120 $4,000</p>
<p>Year 5 $4,096 $2,000</p>
<p style="text-align: justify;">So who has made the mistake? They can&#8217;t both be correct?<br />
If you&#8217;re answer goes something like &#8220;well, it depends on the market price for the item in the given year&#8221;. Then sure that&#8217;s correct. But how could your accountant possibly know this five years in advance?</p>
<p style="text-align: justify;">The answer is of course he can&#8217;t! In reality the accountant has had to make an educated guess, CompanyA&#8217;s accountant chose the &#8220;reducing balance&#8221; depreciation model while CompanyB&#8217;s accountant chose &#8220;straight line&#8221; depreciation. Let&#8217;s leave depreciation models for another article, suffice it to say that more than one model exists.</p>
<p style="text-align: justify;">Ok, so the accountant can&#8217;t be expected to make a reliable prediction of depreciation rates for every item you might need to run your business, but you certainly should be able to provide an educated guess. You just spent $10,000 on a new piece of kit right? So presumably you know a bit about this stuff? With that in mind, wouldn&#8217;t it be a good idea to get involved?</p>
<p style="text-align: justify;">Of course, getting involved in assisting your accountant model depreciation for major pieces of equipment means that you first have to be aware that this is an issue faced by those compiling financial reports.</p>
<p style="text-align: justify;">Let&#8217;s look at another area where the accountant needs your help to make prudent judgements. A friend of mine found himself in the unfortunate situation of hearing through the grapevine that the overdue balance owed by his biggest client was unlikely to ever be paid. His debtor had been doing a great job of keeping news of their imminent demise quiet, but the cracks were beginning to show! The next stop for many in this situation would be the nearest bar to drown their sorrows. Fortunately he had the good sense to head straight for his accountant! With only a few days until the publication of the financial statement they were able to write off the bad debt. Without this adjustment, profit would have been massively overstated, that means tax liability would have been far higher, and that would have meant the company was insolvent! Disaster averted, the company managed to recover and move on to far greater things, but only because he had a sufficient understanding of the accounting process to understand that there was a danger.</p>
<p style="text-align: justify;">Accountancy, contrary to popular belief, is not simply glorified arithmetic. A great deal of good judgement is required to run a tight ship, your accountant simply can&#8217;t be expected to know as much financial detail about your industry, associated equipment and trading environment as you do. But if you can warn the accountant of impending disaster he/she can execute all the technical aspects involved in taking preventative action.</p>
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		<item>
		<title>Scheduling Accounts Receivable</title>
		<link>http://www.conallmcdevitt.org/78-scheduling-accounts-receivable.html</link>
		<comments>http://www.conallmcdevitt.org/78-scheduling-accounts-receivable.html#comments</comments>
		<pubDate>Fri, 03 Feb 2012 01:10:31 +0000</pubDate>
		<dc:creator></dc:creator>
				<category><![CDATA[Uncategorized]]></category>
		<category><![CDATA[accounting software packages]]></category>
		<category><![CDATA[cash flow problems]]></category>
		<category><![CDATA[overdue amounts]]></category>
		<category><![CDATA[receivable balance]]></category>
		<category><![CDATA[typical accounts]]></category>

		<guid isPermaLink="false">http://www.conallmcdevitt.org/?p=78</guid>
		<description><![CDATA[The accounts receivable schedule is a listing of the customers making up the total accounts receivable balance. Most businesses prepare an accounts receivable schedule at the end of each month. Analyzing the accounts receivable schedule may help one identify potential cash flow problems. The typical accounts receivable aging schedule consists of six columns. The first [...]]]></description>
			<content:encoded><![CDATA[<div id="article-content" style="text-align: justify;">
<p>The accounts receivable schedule is a listing of the customers making up the total accounts receivable balance. Most businesses prepare an accounts receivable schedule at the end of each month. Analyzing the accounts receivable schedule may help one identify potential cash flow problems. The typical accounts receivable aging schedule consists of six columns. The first column lists the name of each customer with an accounts receivable balance. The second column lists the total amount due from the customers. Column three is the &#8220;current column&#8221; that lists the amounts due from customers for sales made during the current month. Column four shows the unpaid amount due from customers for sales made in the previous month. These are the customers with accounts one to 30 days past due. Column five lists the amounts due from customers for sales made two months prior. These are customers with accounts 31 to 60 days past due. Finally, column six lists the amount due from customers with accounts over 60 days past due.</p>
<p>If you&#8217;re using one of the many available accounting software packages for billing and accounts receivable processing, check it to see if it prepares the aging schedule automatically. Most accounting software packages will prepare an accounts receivable aging schedule at the touch of a button. The schedule allows one to spot problems in accounts receivable early enough to protect a business from major cash flow problems. Overdue amounts attributable to a number of customers may signal that your business needs to tighten its credit policy toward new and existing customers. The aging schedule also identifies any recent changes in the accounts making up your total accounts receivable balance. Almost every business has to deal with customers who are delinquent.</p>
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		<title>Advice For Accounting Students Considering Changing Majors</title>
		<link>http://www.conallmcdevitt.org/66-advice-for-accounting-students-considering-changing-majors.html</link>
		<comments>http://www.conallmcdevitt.org/66-advice-for-accounting-students-considering-changing-majors.html#comments</comments>
		<pubDate>Sun, 08 Jan 2012 10:00:08 +0000</pubDate>
		<dc:creator></dc:creator>
				<category><![CDATA[Uncategorized]]></category>
		<category><![CDATA[big 4 public accounting firms]]></category>
		<category><![CDATA[filing tax returns]]></category>
		<category><![CDATA[public accounting firm]]></category>
		<category><![CDATA[public accounting firms]]></category>
		<category><![CDATA[sole proprietorships]]></category>

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		<description><![CDATA[So you want to be an accountant. Or, perhaps you were told when coming out of high school that accounting is a good, safe field to get into. Maybe you just thought accounting is the way to go if you want to make good money. Or, as most of us can probably attest to, you [...]]]></description>
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<p>So you want to be an accountant. Or, perhaps you were told when coming out of high school that accounting is a good, safe field to get into. Maybe you just thought accounting is the way to go if you want to make good money. Or, as most of us can probably attest to, you simply did not know what to major in when embarking on your college education, and accounting just seemed like an easy choice. As you struggle through the onslaught of coursework that includes Cost Accounting, Financial Accounting, Auditing, and the nightmare known as Federal Taxation, it is very easy to find yourself wondering if it is really worth it. Before you go submitting that petition to change your major to the registrar, here are some things to consider when deciding whether or not it really is worth it.</p>
<p>One of the most attractive benefits of the accounting field is that there a tremendous amount of directions you can go. Whether you want to work for a private company in the accounting department, work for a non-profit institution or the government, or maybe even open your own public accounting firm, accounting is one of the few fields that offers such flexibility, and it is more than just filing tax returns.</p>
<p>For starters, management accounting and public accounting are two very different branches of the same field. Public accounting, as most of us are probably familiar, involves the accounting services aimed to generally serve, as the name implies, the public. Preparing and auditing financial statements of clients, who may include large publicly traded companies, which are in turn used by stockholders and investors, again the public, to make investment decisions is a responsibility of the public accountant. Smaller public accounting firms may focus primarily on small business, such as partnerships or sole proprietorships, whereas the renowned Big 4 public accounting firms generally serve the largest publicly traded corporations. Auditing and tax accounting are merely components of public accounting. Management accounting, on the other hand, is an excellent field for people who enjoy the many challenges of problem solving, as management accountants are actively involved in the decision making processes of a firm due to their knowledge of the company&#8217;s internal accounting structure. It is necessary to carefully consider managerial accounting information when making decisions involving budgets and capital investments, hence the importance of the management accountant.</p>
<p>If public accounting sounds like something that may be of interest to you upon completion of your degree, then you almost certainly will have to obtain Certified Public Accountant certification by passing the infamous CPA exam. Certified Management Accountant designation also exists for those interested in management accounting which, similar to CPA certification, requires passing a universal exam. So, not only do you have to complete a relentless series of college coursework in accounting, but you must also study for and pass an exam in order to obtain certification, which still begs the question, is all this really worth it?</p>
<p>Now that two examples of differing accounting career paths have been provided, you should consider what being an accountant is really like. Maybe you would enjoy working in an office, as almost all accountants do, or working a typical forty hour work week, which is generally the norm for most accountants. Working long hours can also potentially come with the territory, particularly during tax season, in addition to frequent travel if you are employed by a large firm with many branches in multiple regions. Some accountants, however, may also work from home, so there is even a bit of flexibility when it comes to the work environment of an accounting professional. Perhaps even more favorable for the accounting student is the fact that the demand for competent accounting professionals across the board is projected to grow within the next decade according to the Bureau of Labor Statistics, due, in part, to the implementation of stricter accounting standards brought on by the numerous documented cases of fraudulent conduct and unethical accounting practices of companies such as Enron.</p>
<p>If you are still wondering if this is all really worth the hard work, perhaps a brief description of the salaries of accounting professionals may interest you. It is estimated that accountants with a bachelor&#8217;s degree can expect to earn an average salary of approximately $40,000, starting out, again according to the Bureau of Labor Statistics. Salaries can be expected to increase significantly with experience and subsequent professional licenses, such as the CPA or CMA, as well as with graduate degrees. Some of the top accounting professionals earn six figure salaries. It can certainly be said that, while not outlandishly high, accounting salaries are pretty good.</p>
<p>Some important things to consider if you are interested in a possible accounting career have been provided. If you still think that accounting simply is not for you, then that trip to the registrar may just be inevitable.</p>
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		<title>How to Ensure Low Cost Accountancy Fees</title>
		<link>http://www.conallmcdevitt.org/65-how-to-ensure-low-cost-accountancy-fees.html</link>
		<comments>http://www.conallmcdevitt.org/65-how-to-ensure-low-cost-accountancy-fees.html#comments</comments>
		<pubDate>Sat, 07 Jan 2012 09:56:48 +0000</pubDate>
		<dc:creator></dc:creator>
				<category><![CDATA[Uncategorized]]></category>
		<category><![CDATA[cost accountants]]></category>
		<category><![CDATA[junior accountants]]></category>
		<category><![CDATA[medium business owners]]></category>
		<category><![CDATA[qualified accountant]]></category>
		<category><![CDATA[small and medium business]]></category>

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		<description><![CDATA[Many small and medium business organizations do not employ cost accountants. Start-up companies can never afford even to employ a receptionist &#8211; let alone an accountant. However, every company has to prepare a balance sheet and a profit and loss statement at the end of a financial year, irrespective of their size or profit margin. [...]]]></description>
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<p>Many small and medium business organizations do not employ cost accountants. Start-up companies can never afford even to employ a receptionist &#8211; let alone an accountant. However, every company has to prepare a balance sheet and a profit and loss statement at the end of a financial year, irrespective of their size or profit margin. All companies need to pay taxes, file tax returns, pay salaries, bonuses to employees, and dividends to shareholders. Only a professional and qualified accountant will be able to carry out the background accounting work required for these tasks.</p>
<p>The accountants are good at number crunching and can save some amount in taxes for the organization. However, not many people seem to compare the money saved on taxes with the amount paid to the accountant&#8217;s service. Under normal circumstances, a small organization or a start-up cannot afford a high profile accountant. Most such companies look for auditing firms that charge low cost accountancy fees. However, since their resources are limited, rarely will they find a competent and reliable accountant who charges a reasonable fee.</p>
<p>The following are some tips for all organizations that search for accountants who charge low cost accountancy fees.</p>
<p>Search Locally</p>
<p>One might have heard of famous accountants. They are reliable, but will perhaps cost a fortune. Moreover, star accountants may not turn up for working in small firms. They usually send junior accountants for such jobs.</p>
<p>Therefore, for small and medium firms, it is better to hire a not-so-famous accountant, with whom they are comfortable. The accounting procedure of these firms is often not very complex and may not require an accounting stalwart. Therefore, small and medium business owners may search for local accountants who may not charge a fortune, but do the accounting job just as effectively.</p>
<p>The Internet Option</p>
<p>The problem with qualified and competent local accountants who charge low cost accountancy fees is their visibility. They cannot afford innovative marketing and advertisement campaigns. It will be extremely difficult for a person to spot local accountants even if they live close by.</p>
<p>The emergence of the internet has created many new opportunities. Since accounting is a computer-friendly and software-compatible job, the number of accounting firms on the internet is increasing. You can search the internet for auditing websites that charge low cost accountancy fees. However, make sure that you speak with the accountant in person or through telephone before sending them the job.</p>
<p>Find An Accountant On The Internet</p>
<p>Most accounting websites are set up by top accounting and auditing firms. So, what if one wants to find local accountants on the internet? There are websites that act as a platform between buyers and sellers of accounting service. Qualified accountants can register on these websites. A firm that requires accountants posts its requirements in these websites. The registered accountants can bid for the particular job. The owners of the firm can then evaluate the bidders and select a suitable accountant.</p>
<p>This is a cost-effective and hassle-free way to select a competent accountant. For registering in these websites, an accountant should be a member of Association of Chartered Certified Accountant (ACCA). This requirement ensures that only serious and qualified accountants bid for the jobs.</p>
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