I love this

I am predicting that Nigeria and Brazil will play in the final

The result would be Nigeria 3 Brazil 2 . Nigeria will carry the day!!!!!!

Advertising in the Yellow Pages- phone directory is the most worthless investment a practice could ever make. It is unbelievable how much practice owners still spend on an advertising message that they can only change once a year and that is intentionally bunched in with all their competitors. Before the advents of online directory, yellow pages were referred to phone book directory and it is not GSM but analog or land phone line details of the owners.

Here are just a few of the hard facts:

You can only change your advertising message on a yearly basis since the directory is updated yearly and on a print.
Telephone Directory advertising is losing more and more advertisers every year.
The number of consumers using the phone book is down nearly 75 percent in the past ten years and this could be traced to internet trend increase
Although consumer use has dropped dramatically, advertising rates have increased every year for ten years.
Response rate is difficult to track and have limited analytics options on like online business directory
Ten National Yellow Pages companies inEuropefiled for bankruptcy in the past twenty-four months due to poor sales.

8 Reasons to Switch to Online Marketing Tactics

If you are advertising with a phone directory book, you can save thousands of dollars by switching to effective online marketing tactics that will generate more new patients and clients. Here are eight major reasons why online marketing is more effective than yellow page advertising.

Reason #1: You Save More Money and cost effectiveness. With yellow page advertising, you pay a huge amount for what you actually get in return. For every inch of space in the Yellow Pages, there is a corresponding price. InNew York,Manhattan, a full-page ad costs $92,000 per year. It makes sense to advertise on nigeriaemarket.com and you will definitely make a better return.

Reason #2:More available Space for Content. Space has always been an important consideration when it comes to advertising. The more you tell about your business or products importance to your potential customers the more you make sales. If you want your customers to know more about your business, limited space won't work. In online marketing, you have all the space you need to advertise and promote what you have. In Yellow Pages advertising, even the largest ads result in a limited amount of space to work with.

Reason #3: Performance Measurement. Knowing what key words are most effective and what types of ads are more effective is an important advantage with internet marketing. With Yellow Pages advertising, you have no idea what prompted a prospect to take action. Nigeriaemarket.com also allows you to analyze comprehensive statistics on who responds to your online content. Age, race, location, frequency, time of day, and traffic source are just a few of the hundreds of parameters available to analyze.

Reason #4: Search Engines Are Optimized for Local Search. As search algorithms have matured over the years, search engines have become smarter at understanding not only the "local intent" behind a search query, but also where the searcher is located, called "geotargeting." For example, if you now search on Google for the term "dentist," you'll find dental practices close to where you live. This technology is especially useful on mobile devices such as the iPhone and Blackberry.

Reason #5: You Establish a Relationship with Prospective Patients. It's impossible to develop a relationship through a Yellow Pages advertisement. However, with online marketing you have the chance to respond to requests for information with email messages or online newsletters. You can reach prospects at an emotional level with a personal video, and with a blog, you can allow visitors to leave comments to which you can personally respond.

Reason #6: You Are the Only Choice. With Yellow Pages advertising, there are a lot of ads and dozens of marketing messages in each category. As an advertiser, it's a game to try to stand out with bright colors and creative graphics. As a reader, it's a confusing mess of information that often results in your competitor getting a phone call, even if your ad was more expensive.

Reason #7: The Graphic Design Is Terrible. In-house graphic designers that work for Yellow Pages companies have no incentive to make one client's ad generate more success than every other advertiser in the category. And, even if you have the sense to hire your own designer, they are limited by ancient printing methods and paper quality only fit for wrapping fish.

Reason #8: Online Marketing Is Eco-Friendly. I'm not what you would call a tree hugger, but imagine how many trees are being cut down each year to produce a nation full of useless Yellow Pages? With online marketing, you aren't contributing to the problem of wasted forests and resources. Amazing isn't it? These eight are just some of the dozens of reasons why Yellow Pages ads are such a scam and a mistake. Fire your Yellow Pages company. Save money. Save your image. Save the environment.


Authored by www.nigeriaemarket.com, online business, events, jobs, For sale ads directory in Nigeria

A business directory can be described as a website where business owners whether corporate or individuals, registered or unregistered can add their website and details about their business with the object of getting more exposure to the target audience. The information posted on business directory generally listed in categories to allow visitors to the business directory to find the products or services they need quickly and easily. Some directories are specific /niches for example

Automotive Directory
Fashion Directory
Online Dating Directory
Travel Director
RealEstate Directory

While some directories are designed to attract various classes of interest and visitors to generally increase the patronage of advertisers or placements. Some are designed for advertisers of particular nation or geographical locations such as you see in www.nigeriaemarket.com

Some business owners are not advertising their products, this could be due some reasons like in ability to define target goals and objectives, poor knowledge on the needs for business directory and advertising, little or no provision for advertisement budgeting, and fear of losing the money spent on advertising due to little or no exposure and lose the entire investment on advertising.

You are encouraged to advertise your business and services in as much as for every N10,000 you spend on advertisement you get N30,000 revenue or income thereby increase your bottom line.

Then the bottom line is whatever fear or discouragement that comes your way on whether to advertise or not you need to define ways of advertise smarter

Advertise smarter means advertising profitably; get maximum exposure for little budget, high exposure for less spending, money and work. The concept of advertise smarter is pointing to the use of local business directory with multiple exposures to show case business details.

ANALYSIS OF BUSINESS DIRECTORY AS A SMART ADVERTISING

The use of print media, TV or radio is not cost effective, and may not always reach your target audience. Local business directories allow you to reach ever increasing online customers looking for your specific services. Local business directory is always cost effective as you can always get good online exposure.

STEPS TOWARDS ADVERTISE SMARTER WITH A BUSINESS DIRECTORY

The first step is to find the best business directory for your business. Look for the directory that can give you opportunity to put your business in more than one category because the more the exposure the greater the returns and patronage. Also try to call for discount and see if there is sales promo going on.

Also see if you can place your products on class of adverts that will show case your business, direct your business link or url from the directory to your website and display other important details like images of your products and service.

TAKE ADVANTAGE OF MAXIMUM EXPOSURE AND TURNOVER

Online business directory is the best way to advertise smarter especially if the directory has means of attracting customers like articles, blog or forum, very simple. Business directory lower costs than traditional advertising like print, TV, bill board, and more focused traffic to your business's website, business directories truly are a wise marketing, publicity and advertising choice.



Author: David SEO, is the founder of Nigeriaemarket.com, the best business directory in Nigeria that takes care of business directory, events, classified adverts, articles, blog, Visit business directory: www.nigeriaemarket.com for quality service and business exposure

An event could be described as an exciting thing that brings people together for common benefit, excitement, knowledge updates and goals. Everyone is definitely interested in one way or the other making himself or herself happy and successful.

More importantly, the event must be publicized or creation of awareness and campaign in order for target audience to know about it, otherwise the event is bound to fail! What a shame and setback?
It is better to plan your events and reach out to people outside your locality and country to attend. Having people to attend your event outside your community will give a lot of credibility to such occasion and make the organizers feel on top of the world.
Never have you forgotten to post your event in event directory so that people can search and see the details.
Various type of event.

There many types of events that needs to be on listing or posting in directory let us mention a few of them,

Marriage or wedding event. This is a loving and lovely event that a couple, brothers, sister, in-law, bridegroom, friends and community will surely want to be informed and attend. It makes a lot of sense to post your marriage event in event directory

Festival Event; In Nigeria there are lot of seasonal celebrations like art festivals , Eyo festival in Lagos Durbar festival these are horses in warfare in north, Festac Festival, Arugungu Fishing Festival, Sharo/Shadi Festival, The Benin Festival , The Ibo Celebration of Onitsha Ivories

Fundraisers event. This is an event to raise fund for social amenities, disaster, securities, building for God and other fund raising for humanitarian purposes. Posting fund raising in event direct makes a lot of difference

Seminars and Training event. There is lot of seminars on wealth empowerment that is going on locally and internationally. If you have such seminars and training but not broadcasting to the public at large by simply posting it in event directory , if you are in such category, you are not really helping your situation. You will be amazed with the number of turn out, followers and readers you will get by listing your event

David SEO, is the founder of www.nigeriaemarket.com/article the best business directory in Nigeria that takes care of business directory, events, classified adverts, articles, blog, free SMS Marketing

Nigeria business directory listing is important to business owners in Nigeria and overseas. It is a practical possibility ways for clients and customers to find business owners whether individuals or companies online in Nigeria. As such, the Nigeria business directory has become one of the utmost considerations of business companies in Nigeria and overseas

All businesses are listed under the appropriate category and subcategories that matches the type of the business and are compiled together as a listing online. This is basically what a business directory is in Nigeria, a listing of information on business categories and related subcategories . Generally the classification of business directories is according to the nature or activity of the businesses, an international standard business directory will allow business owners to categories according location, size, or activity as you will notice in www.nigeriaemarket.com

Generally, Nigeria business directories serve as the link between the various businesses and the customers. In Nigeria, some directory details include the business name, address, location, type of service, and contact numbers. However, there are some directories that only include the business name, address, contact person, images, video clips and contact numbers. In addition, there are those which provide all the important details plus users review and feedback as you can see in www.nigeriaemarket.com

The Nigeria business directory is www.nigeriaemarket.com This is practically where you would be able to find all the listings of important businesses in Nigeria. Foreign Business partners, suppliers, Tourists and foreigners use www.nigeriaemarket.com directory in locating specific businesses in Nigeria.

Nigeria business directory is arranged top on the list are, showcase, premium, basic and free listing, you can search by states, cities, address, and names e.t.c

Nigeria business directories even allow the user to establish the user's role in the search like seller or buyer. This feature is helpful for the user because his search range is already specified according to his needs.

Visit:www.nigeriaemarket.com for business, events, for sale, banner adverts in Nigeria call +234805794444

The for sale ads are crucial internet marketing tools in Nigeria and word. They increase traffic flow in your site and customers keep on calling to buy your goods and service.

Nigeriaemarket.com approaches to your business to the targeted audience by displaying the images, phone number, website address, details and summary of your business. www.nigeriaemarket.com also offers methods of getting comprehensive knowledge concerning any particular subjects of interest, Take for example Land for Sale, Computer for Sale, e.t.c

With the help of for sale ads in Nigeria, you can have a lot advertising views of your ads from time to time for paying small charges for 6 months ads and this will make your online business successfully. Since Nigeriaemarket.com site is targeted to specific viewers- directories and jobs, In some sites, there is free for sale ads and premium for sale ads in Nigeria.

Nigeriaemarket.com is a very good online tools to promote your business. The site will allow you to insert your free business directory ads as long as you are a registered member.

The for sale ads placed in relevant sites improve the traffic flow in your site since customers from the other sites searching for better services will click on your ads available in the site in search of alternative service like, events directory, banner ads, and jobs ads

For sale ads to be effective, you need to use good techniques. One such technique is an attractive title or subject. The ads should have titles that will attract instant interest to prospective clients. In addition, the subject of the ad should be precise and accurate. It should be clear on the services the customers will get from the link provided and the clients who should follow it. By all means, the title or headline should not give customers false hopes in a bid to promote your business. Promise the customers what you will be capable of delivering in your shop and be honest with your promises and always ensure that your ads meet their needs as advertised

To attain the required proficiency in for sale ads in Nigeria, incorporate strategies that will help you to get more clicks and on the product and ads ensure to use attractive words that will instill curiosity to people so that you can get more clicks.

Author: www.nigeriaemarket.com for free business listing, free jobs posting , event, For sale, jobs directory in Nigeria +234 805 769 4444, +234 8185298602

We are in need of popular local and international online news portals. Kindly update this list base on your experience.

First news portal that I came about that has CNN, BBC Sport, Complete Sports, punch, Sun newspaper e.t.c is

www.content222.com

Please add other nice websites

We need accountants to work in our consultancy firms;

Requirements,

1. Minimum of , OND, HND BSC Accounting
2. At least 2 years working experience
3. MUST be able to use Quick Book or Sage/Peach Tree Accounting software

send your CV to info@accountsreports.com

One of the advantages of tax outsourcing is that it allows companies to take advantage of costs differentials, when parts of the operation are moved to regions where costs are lower. It has become an accepted alternative for a number of convincing reasons. Not only are wages lower, but there are also benefits from much lower operating costs. Companies can take advantage of lower operating costs to increase profitability.

There are also other unnoticed reasons why outsourcing is seen as a viable alternative. While reduction in costs is still a primary advantage, the ancillary benefits, such as access to industry experts, larger workforce, and more flexible operating conditions can also be embraced by companies that seek to benefit from outsourcing.

Taxes are collected by the government to pay for all the services that it offers, and the taxes are paid in different ways. Income tax is one of the most common taxes, and both individuals and businesses must file an annual income tax to report on the amount of income earned. There are very severe penalties for tax evasion, but many people find it very confusing to properly complete their income tax forms and they hire tax experts for assistance.

Can there be any advantages to tax outsourcing?

It may be difficult to appreciate the relationship between taxes and outsourcing, but as a business owner, taxes are mandatory, there is no escaping it. Income tax is called a progressive tax, which means that those who earn less, will pay a lower rate, while a higher income earner, will be taxed at a higher rate. However, there are several ways to lower income taxes.

With the advantages offered by the internet, business can now be easily conducted on a global scale.

Your company can be doing business in other countries, because you now have the ability to sell goods and provide services to customers anywhere in the world. In order to be a global competitor, you can even outsource your product or service. Doing business on a global scale has it advantages.

You can increase the size, and scope of your business, you can sell or provide more services, around the clock, but the issue of tax outsourcing deserves some special consideration.

Smaller business without the resources to hire full-time accountants and tax professionals can easily benefit from tax outsourcing.

Some care must be exercised when choosing the service provider and before developing your tax outsourcing strategy you should at least consider the benefits along with the costs.

There are several other considerations for a tax outsourcing plan and they can have an effect on your business.

If however, you are conducting business globally, you can be in situations where the services delivered in one country are billed in another country, and there are even more advantages from tax outsourcing.

Hiring tax professionals in the country in which you do business can provide protection and advantages, as they will most likely be more familiar with the tax laws of the country in which you are operating.

About the Author; Sunmola David is a chartered, founder of Inner Konsult Ltd who carries out tax preparation, tax calculation for various clients in Nigeria. He specializes in Accounting business outsource process, Back office outsourcing and Outsourced accounting. To know more about Accounting outsourcing and Accounting outsourcing services visit www.accountsreports.com

The process of accounting is taken to be a great profile in nature as there are a large number of complexities involved. Accounting includes a vast array of jobs such as competitive work effectiveness, ideal time management, financial resources and recruitment. The outsourcing processes of accounting jobs make things easy for business owners and finance departments.

Accounting outsourcing process work wonders in minimizing the total workload of the business and therefore paving the way towards enjoying a large amount of profits. The financial professionals and advisers who are involved in providing the best of their services in such outsourcing processes are well equipped with the knowledge of understanding the requirements of accounting process for each and every organization. The various services included in the outsource procedure involves financial reports creation, recording the data entries and tallying the different business transactions. In the accounting outsource process, the professionals are specially hired for their great specifications in the task of managing the organizational alliances thereby rendering the monetary investments lucrative from every possible angle. One of the striking attributes of an accounting outsource procedure is that of extracting the maximum possible gains from the minimum usage of organizational resources.

Undoubtedly, the outsource process of accounting contributes tremendously in unleashing the development capability of any business. By availing the services of the experienced accounting business professionals, a business can save a large amount of financial reserves and the overall manpower efforts. These saved resources can then be utilized for other important business transactions and processes. These experts are featured with a total hold on different nuances of a business project and are also experienced in having an ideal sense of business time management.

Since even a small error can result in a total disastrous situation, it is important on the part of the business organization to be a bit choosy while selecting the perfect accounting business outsourcing process. A thorough background investigation in this type of a case can prove to be really beneficial for a business organization and so it is crucial to avail the services of a certified accounting business outsource process service provider.

About the Author; Sunmola David is a chartered, founder of Inner Konsult Ltd who carries out tax preparation, tax calculation for various clients in Nigeria. He specializes in Accounting business outsource process, Back office outsourcing and Outsourced accounting. To know more about Accounting outsourcing and Accounting outsourcing services visit www.accountsreports.com

Accounting services can be used by any entrepreneur who lacks accounting and Accounting knowledge. They can also be bought by extremely busy entrepreneurs who lack time for difficult computations. Accounting is totally inevitable if you want to see your business move ahead. In addition, keeping your books is a legal requirement. If you evade such a thing, you can expect a tough legal penalty from the Nigeria Financial Reporting council. All businesses across the country must do proper Accounting to avoid harsh punitive measures from Government and business failure.

Not only are you likely to encounter legal problems for failing to keep your books well. Your small business is likely to endure terrible cash flow problems. If you know where to buy or outsource Accounting services, you can avoid all the above troubles. Running a new small business is always a big challenge. Since your capital is limited, be sure to keep your books superbly to know how much money you are spending and earning. Outsourcing is a great boost for a start up business.

Instead of employing bookkeepers, you can depend on Accounting firm that is already running. It will provide high quality accounting services via its large team of accountants and bookkeepers. An outsourced team can cause growth and development of your organization if you give it a chance. One thing it can guarantee is speedy and accurate delivery. As a result, you can concentrate on bringing more customers to your organization.
An outsourced group of clerks can automatically carry your burdens and allow you to free your mind and time. As you look for great Accounting services, focus on the financial abilities of your business. Can it afford steep hourly rates or fixed rates monthly or yearly?

Expenses and income – An expenditure record should show the total amount of money that is going out of the business. Income or revenue records must show the total amount of money that is coming in the business. Both records can be entered in separate journal accounts or in the general ledger as debits and credits.
Petty cash records - Reliable Accounting services should encourage keeping petty cash records. Petty cash is the little money that is often misused. Though it may seem little now, it can spoil the future growth of your business. This is why petty cash record keeping or writing reimbursable checks is much recommended.

Accounts Payable and Receivable - Doing business is all about spending and receiving. Ordering goods from suppliers automatically creates debts. The same is the case when you take out a loan to improve your business. All the pending debts must be recorded on the accounts payable journals. When you sell something, and are not paid right away, you become owed. If you do not record what others owe, you are likely to forget their debts.
Among other records you must maintain include inventory or stock. Without this you may not detect stolen or misplaced merchandise. Dependable Accounting services should include employees’ welfare records such as payroll.
Accurate Accounting Services improves the ability of a firm to focus on business growth while simultaneously curtailing risks and costs.

About the Author; Sunmola David is a chartered, founder of Inner Konsult Ltd who carries out tax preparation, tax calculation for various clients in Nigeria. He specializes in Accounting business outsource process, Back office outsourcing and Outsourced accounting. To know more about Accounting outsourcing and Accounting outsourcing services visit www.accountsreports.com

Up Nigeria. This young boys never disappoint

Read complete sport, BBC sport, and other online news, papers here www.content222.com

Bookkeeping is a crucial department in any organization because it is the major basis for accountability and performance management. If it is done wrong, a lot of transactions could be skipped or neglected to create loop holes for embezzlement of business funds and inability to control the business in proper dimension. A small organization owner can play simpler roles, such as marketing and managing human resources but not accounting as it requires skills and knowledge. They need a background in accounting, finance or bookkeeping to be able to satisfy regulatory authorities. If you are a business owner without any knowledge in the above areas, you should try bookkeeping, accounting and taxation outsourcing.
Outsourcing is a way of delegating work that cannot be done in your office to a third party. This new trend clearly shows that people are happy with the results they are getting from outside bookkeepers. For sure these professionals are more convenient to work with than your in-house bookkeeper because you do not need to supervise them to get result. When your employee gets sick or a personal problem, they will not come to work. That means you either get a part-time clerk or do the job yourself.
If you are too busy to keep books or you do not know how to do it, then you will pile them until the employee reports back. On the other hand, if you try bookkeeping outsourcing, your books will be kept in real time. You will never have to pile work when your employee is on leave. Independent bookkeepers do not do any other business on the side. They specialize in keeping records in the most accurate and logical manner. Because of this, you cannot worry about them stealing your clients. They do not need your customers, they need you.
The best thing for small and medium scale business is to face marketing and deliver service you claim to know, all you need is to outsource your accounting and taxation services to save time, cost and space while you concentrate on your core business activities.
So you do not have to outsource accounting and bookkeeping roles to two different organizations. There is one company that can do the whole job for a very affordable price. The price for bookkeeping outsourcing is another factor you should consider.

About the Author; Sunmola David is a chartered, founder of Inner Konsult Ltd who carries out tax preparation, tax calculation for various clients in Nigeria. He specializes in Accounting business outsource process, Back office outsourcing and Outsourced accounting. To know more about Accounting outsourcing and Accounting outsourcing services visit www.accountsreports.com Telephone +2348057694444

A question I often get asked from my business owner clients is "what reports should I be asking for so that I can keep my finger on the pulse on my business".


WHY I NEED TO READ REPORTS!
Financial reports must be read on time before it is too late and the reports are read to know how the business is doing and how to take the business to the next level. The sources factors and failure factors must be identified by business owners from the reports

REPORT FREQUENCY
The first thing to decide is how frequently you need to see reports. I suggest a minimum of monthly, if not weekly. Your accounts reports must be done in such a way that you know your performance at the end of each month and compare the performance at the end of each month within and outside the organization in the same industry.

TOP TIP: DO A YEAR END EACH MONTH
To help you know what's going on in your business, one of the first things to implement into your business is a culture of having a yearend every month performance review.
With regards to reporting, if you have a full time person looking after your reports, you should be having a weekly meeting with them to review reports.
When you are meeting with your accounts person, you want to ensure that you have all the reports up front -before your meeting - so that you have time to go through them and highlight any discrepancies that you can then address during the meeting.

YOUR WEEKLY REPORT PACK
So what information do you need to know if your business is doing well or not? Well your weekly report pack should consist of the following five reports (by the way, a sample copy of each of these reports is also included in the workbook that I mentioned before):

1) Statement of Income, this should be provided weekly (if you're meeting weekly) as well as a Month to Date and a Year to Date report. So that's actually three reports in total!

2) Account Payable details and analysis. This report shows a list of all the people that you owe money to, and when it's due - or if its overdue. If there are any amounts that exceed your suppliers trading terms, loss of cash discount, you want to know why. If it's because of cash flow, you then look at your cash flow analysis report to see when they will be paid. To maintain a great relationship with your supplier, you then need to communicate this with them.

3) Account receivables details and analysis. This is where you can clearly see who owes you money and if they have any amounts outstanding to you. This allows you to follow up on collections way before it becomes overdue. As part of your financial management systems, you should have a standard follow up system. You must learn to issue statement of outstanding debts so that the amount due for collection will not be in dispute. You can call the debtors and send them mails from time to time.

4) Another strategic report is Cash flow statement and analysis. This report should be put together by your bookkeeper and outlines when money is coming in and when it is going out. You can then see if there are any shortfalls so that you can make plans in advance to get this covered. It may be that you need to transfer monies from another account - or it may be that you chase outstanding payments.

5) The other essential report to have is the Bank Reconciliation. Your bank statement and your cashbook must be reconciled at least on monthly basis` You must request for this report to know that all is well with your banking transactions.

WORKING WITH WWW.ACCOUNTSREPORTS.COM
To get all the above reports on timely basis you need to get in-house accountant or outsourced the service at accountsreports.com as it saves time and cost


About the Author; Sunmola David is a chartered, founder of Inner Konsult Ltd who carries out tax preparation, tax calculation for various clients in Nigeria. He specializes in Accounting business outsource process, Back office outsourcing and Outsourced accounting. To know more about Accounting outsourcing and Accounting outsourcing services visit www.accountsreports.com

A question I often get asked from my business owner clients is "what reports should I be asking for so that I can keep my finger on the pulse on my business".


WHY I NEED TO READ REPORTS!
Financial reports must be read on time before it is too late and the reports are read to know how the business is doing and how to take the business to the next level. The sources factors and failure factors must be identified by business owners from the reports

REPORT FREQUENCY
The first thing to decide is how frequently you need to see reports. I suggest a minimum of monthly, if not weekly. Your accounts reports must be done in such a way that you know your performance at the end of each month and compare the performance at the end of each month within and outside the organization in the same industry.

TOP TIP: DO A YEAR END EACH MONTH
To help you know what's going on in your business, one of the first things to implement into your business is a culture of having a yearend every month performance review.
With regards to reporting, if you have a full time person looking after your reports, you should be having a weekly meeting with them to review reports.
When you are meeting with your accounts person, you want to ensure that you have all the reports up front -before your meeting - so that you have time to go through them and highlight any discrepancies that you can then address during the meeting.

YOUR WEEKLY REPORT PACK
So what information do you need to know if your business is doing well or not? Well your weekly report pack should consist of the following five reports (by the way, a sample copy of each of these reports is also included in the workbook that I mentioned before):

1) Statement of Income, this should be provided weekly (if you're meeting weekly) as well as a Month to Date and a Year to Date report. So that's actually three reports in total!

2) Account Payable details and analysis. This report shows a list of all the people that you owe money to, and when it's due - or if its overdue. If there are any amounts that exceed your suppliers trading terms, loss of cash discount, you want to know why. If it's because of cash flow, you then look at your cash flow analysis report to see when they will be paid. To maintain a great relationship with your supplier, you then need to communicate this with them.

3) Account receivables details and analysis. This is where you can clearly see who owes you money and if they have any amounts outstanding to you. This allows you to follow up on collections way before it becomes overdue. As part of your financial management systems, you should have a standard follow up system. You must learn to issue statement of outstanding debts so that the amount due for collection will not be in dispute. You can call the debtors and send them mails from time to time.

4) Another strategic report is Cash flow statement and analysis. This report should be put together by your bookkeeper and outlines when money is coming in and when it is going out. You can then see if there are any shortfalls so that you can make plans in advance to get this covered. It may be that you need to transfer monies from another account - or it may be that you chase outstanding payments.

5) The other essential report to have is the Bank Reconciliation. Your bank statement and your cashbook must be reconciled at least on monthly basis` You must request for this report to know that all is well with your banking transactions.

WORKING WITH WWW.ACCOUNTSREPORTS.COM
To get all the above reports on timely basis you need to get in-house accountant or outsourced the service at accountsreports.com as it saves time and cost


About the Author; Sunmola David is a chartered, founder of Inner Konsult Ltd who carries out tax preparation, tax calculation for various clients in Nigeria. He specializes in Accounting business outsource process, Back office outsourcing and Outsourced accounting. To know more about Accounting outsourcing and Accounting outsourcing services visit www.accountsreports.com

Accounting outsourcing just like in all over the word including Nigeria is a reliable, cost effective way to save money and ensure that your company's financials are being well managed by competent hands even though you have limited fund, space and time. Most small and medium sized businesses have accounting and bookkeeping needs that fluctuate according to the time of the year. With greater needs at tax time meeting year end reports and preparation of monthly , quarterly management reports and bank accounts reconciliation, small businesses can outsource the accounting services to the professionals while they concentrate on their core duties
Besides the obvious cost savings, using accounting outsourcing services give a small business the same edge as large corporations by making experienced professionals available to them. These are specialists that most small business owners could never attract or afford on their own. The accountants employed by reputable services can do more than just prepare your reports and statements; they can spot discrepancies in your numbers, areas in which you can earn or save more money, and other intuitive, proactive ways you can maximize your profits.
Additionally, in accountsreports.com accountants working through reputable outsourcing company invest on accounting software that you would otherwise have to purchase and install yourself. After a usual set up fee to ensure that you have access to your financial records, the cost of the software and any upgrades is absorbed by the service.
Responsibility of clients
It is not difficult to use accounting outsourcing services. You are responsible for providing your source documents like invoice, purchase order, payment vouchers, credit, debits notes, bank statements so that your accountant has the important information regarding everything from your expenses and revenue to your payroll, inventory, and bank reconciliations. Your part time accountant will do the rest; your accounting outsourcing service will ensure that your bookkeeping, tax paperwork, month end and year end reporting will be completed in a timely manner, accurately and efficiently.
Responsibility and Accountability
It is very important that your financial reporting is done accurately and thoroughly. Errors in your taxes, payroll, or bank reconciliations can be costly and even detrimental to your business. Reliable accounting outsourcing services will carry errors and omissions insurance, which means that any error will be corrected promptly, and what may be much more important, your outsourcing services will take responsibility for the error. When it comes to financial reporting, tax filing, and running a tight budget, this can be the difference between staying afloat and going under.
Is This Service Expensive?
When you consider the expense involved in recruiting and screening candidates, and then in hiring and maintaining a full or part time employee, you will soon see that these services can save you money. Additionally, by using a service like this you are ensured the talent and skill level you need, which is often hard to find on your own and need their financial and office needs, especially when you are running a small business. Accounting outsourcing is an efficient, economical means by which to ensure your company's financials are being handled professionally.



About the Author; Sunmola David is a chartered, founder of Inner Konsult Ltd who carries out tax preparation, tax calculation for various clients in Nigeria. He specializes in Accounting business outsource process, Back office outsourcing and Outsourced accounting. To know more about Accounting outsourcing and Accounting outsourcing services visit www.accountsreports.com

Benefits of Companies Outsourcing Their CFO

All businesses that aim to succeed need financial consulting, however not every business can have enough money to employ a full-time Chief Financial Officer (CFO). As a result, small and medium-sized businesses in all over the word are increasingly turning to expert outsourced CFO services. For small and medium businesses, particularly in Nigeria can benefit from outsourcing financial consultant,
1. Quality of Services
With an outsourced CFO, you can be rest assured of quality services because he is a professional who has worked with different industries and derive joy from those tasks that are headache to you. Business owners will benefit from the outsourced CFO experience, professional experience on the field and associated contacts relationship.

2. Cost Reduction
Outsourcing a qualified accounting professional to handle CFO services can help business owners to save a lot of money. You'll be getting expert services without having to add additional personnel and technological resources. You will save money from health insurance subscription, pension fund, annual leave benefits for staff, official vehicles e.t.c This can help reduce your company's overall operation costs.
3. Allows Better Focus on core business
One thing you cannot take away from advance countries is specialization on areas that they have comparative advantages over others. It's very important for businesses, especially small ones, to concentrate on their core competency, and let professionals handle what they don't understand and time to do. It makes sense to save time and energy towards the area of strength in order to grow fast and faster rather than wasting resources on functions that should be outsourced.
4. Overall Efficiency and effectiveness
When it comes to meeting regulatory authority’s deadlines, as well as other requirements of different projects, an outsourced CFO is generally more efficient and effective. This is because he has experience with almost all financial situations and relationship with officers on ground in the course of performing his duties, and you can only expect the best from him.
5. Assistance in Getting Project and other Financing
Bookkeepers do a wonderful job, but it's usually an outsourced Chief Financial Officer who has to present suitable financial statements to a lending body like banks for approval. With his experience, the CFO will be able to identify the strengths and weaknesses in your company's income statement and balance sheet, and can equip you with the financial information that the bank may need. Many times, such CFOs will introduce your company to banking sources that match its lending requirements, and thereafter, assist you throughout the financing process by packaging professional reports and assist on other requirements.
6. Developing Budgets model
Every business, regardless of size requires income and expense management plan in order to successfully grow. Any business that fails to plan is bound to fail. An outsourced CFO can help you as the business owner to develop a model that demonstrates what needs to be done to attain a desired gross or net profit, or meet a sales goal.
Without a budget, it's difficult to run the business efficiently, leave alone managing it to become profitable. Therefore, the CFO can work with you to come up with plans that can help you identify the sales level that should be reached to attain break-even profitability and other forms of performance appraisal to run with.
7. Managing Cash through Cash flow Statement.
Small companies generally lack the tool to help them forecast their liquidity needs. When you outsource a CFO, he can build a model that forecasts your cash-flow requirements both in the short and long term. He will advise on how to manage surplus cash and liquidity crisis.
8. Assist in Complying with Tax Regulations
Several business owners usually disregard the consequences of failing to pay taxes to the federal and state government on time and in full. In addition, they pay the wrong amount of taxes because of wrongly entered transactions in the ledger. Accurate tax returns can't be prepared without proper financial statements.
Outsourcing CFOs can come in very handy for such businesses because they'll ensure that financial statements are prepared accurately, and in a timely manner. Consequently, they'll be able to assist you in navigating and complying with various tax regulations to avoid penalty.

About the Author, Sunmola David is a chartered, founder of Inner Konsult Ltd who carries out tax preparation, tax calculation for various clients in Nigeria. He specializes in Accounting business outsource process, Back office outsourcing and Outsourced accounting. To know more about Accounting outsourcing and Accounting outsourcing services visit www.accountsreports.com

Financial reports and analysis are an integral part of every business and might require significant expenditure in terms of hiring and retaining suitable professional accountants. Sizeable amount of overhead charges are incurred in employing qualifying accountants and hence outsourcing is a good option especially for small, medium companies and business owners. It was reported in Punch newspaper that Nigeria stock Exchange (NSE) indicted 92 companies (Public limited liability companies) of not submitting audited annual financial statements and interim quarterly accounts. These NSE minimum requirements can be achieved by outsourcing at accountsreports.com

Efficient management in every organization requires statement of income to access the performance of the business. Financial figures and analysis are essential to evaluate the performance of the business and to understand the various heads of expenses and incomes. Efficient running of an organization will ensure maximum gains with minimum investment and this is the goal of every management. Accountants employed by the organization often prepare financial statements, bills receivables, payables and keep a complete records of paid bills. Having an in house accounting team though essential can prove to be expensive especially for small and medium companies as it entails salaries for all accountants hired and also other expenses like space for their seating , electricity among others, pension, payee tax, health insurance subscription and payment for public holidays.

Outsourcing bookkeeping is a good way to reduce your costs as it provides enhanced services at lesser costs. It also saves you from the trouble of having to manage an accounting team and the company you have outsourced your accounting to often has one point of contact that you can reach out to for all your financial queries. All bills and invoices have to be scanned and mailed to the company providing the service and they maintain details of all the payments and provide financial records. Ledger books are also maintained by them and hence you are saved from all the paperwork and also makes more space available to you which you can utilize for other activities.

Tax services are also provided by companies or firms undertaking outsourcing assignments and they take care of all your tax needs ranging from planning to filing. There are various forms of state taxes in Nigeria like PAYEE, Levies, business permit, sales tax e.t.c as well as Federal Government. Taxes like Company income tax, VAT, levies e.t.c Research on tax is also undertaken by them to help you with the possibilities while indulging in transactions that are complex in nature. Accurate and timely reports which are the key essentials for successfully running a business are provided at the click of a button. All your financial information is made available to you online and can be accessed by you at any time during the day or night. You no longer have to search through piles of files to get the data you need and can pull out various reports through the internet. All data shared by you is maintained on a secure server and information is kept confidential and can be viewed only by you and personnel authorized by you.

Payroll service is also provided by these companies and they help in preparation of salaries and their disbursement and completely take care of all payroll inputs. This service is very important especially if the outsourcing company wants things like Tax, Pension administration, and fulfillment of other regulations to be done professionally.

About the Author; Sunmola David is a chartered, founder of Inner Konsult Ltd who carries out tax preparation, tax calculation for various clients in Nigeria. He specializes in Accounting business outsource process, Back office outsourcing and Outsourced accounting. To know more about Accounting outsourcing and Accounting outsourcing services visit www.accountsreports.com Telephone +2348057694444