optimum accounting

Online Accounts

• How to achieve online data entry - Account on time every time.
• Structure your accounting system to reflect your work flow
• Understand the logic behind entries before accounting them – move beyond just being a data entry operator.  The importance of clear narrations and proper supportings.
• Why supporting documents are needed even if approvals are there.

Regular Accounts Closing and Reporting

• Timely month end and periodic reports.
• Balance Sheet, Profit and Loss, Cash Flow
• Debtors and Creditors ageing
• Cash Flow Forecasts
• Regular month end closing of accounts – no adjustment and back dated entries.
• Understand the needs of the users of reports (company owners, managers, sales staff, stores people, other co-workers)
• Reporting skills – qualities of good information.
• Importance of communicating well.
  

Analysis Skills

• Move from being a Data Entry person to an Analyst.  Minimize or rather optimize time spent in Data entry (by efficient work methods).  Ensure spare time available to analyze data and provide value added reports.

Standards, Legal and Audit Requirements

• Understand points to take care of from audit perspective.

Looking Ahead

• Plan for the future – Budgets, Business Plans.
• Creative spark - Think outside the box, find new and better ways of doing things.