You’d be forgiven for thinking that now, with the economy in the state it’s in, is the absolute worst time to think about buying that new wardrobe you’ve always been dreaming of. It’s no lie that sales of large and more costly items like furniture tend to dip during a recession. However, if you are clever about it you can actually use the situation to your advantage and get some really good deals. (more…)
The sales of cars has risen by a lot in January but is this because people are feeling the end of the recession or is something else at work?
The Reasons
Sales have risen by a lot, a massive 29.8% from the previous year but this will most likely be because the world’s motor industry was in a bit of a state this time last year. The recession has to be the cause of people not buying cars last year,it was not known what the recession would do so they were unprepared to spend money. (more…)
There are many companies that have suffered closures this year, some bigger than others but what are the reasons behind this?
Woolworths PLC
Well as a former member of the group I must say that I know exactly why the company closed and part of it was indeed down to the poor fixed asset accounting that the company had been doing. Woolworths were a gigantic company and the reason they failed is because there were idiots running it. (more…)
Well before you even think about asset tracking you need to think about asset management as this is the thing that every company must do and everyone has to note down which assets they have.
So what is asset tracking? Asset reacking is something that really could benefit a company that is big or small as it is a piece of software that will track all of the company assets for you. (more…)
If you are thinking of starting up your own business then this is certainly something that you will need to look into by law. Even if you currently work or own a business this could benefit you too.
What is the difference between Tangible Assets and Intangible Assets? (more…)
Believe it or not something like Asset Management is actually very important for a business and this doesn’t matter if your business is small or large although it is of course more beneficial to a bigger company.
Why are so many companies out there in need of a product like this? It does actually help you save money in the long run. (more…)
The last few years seems to have made a huge impact on the world however things like house prices have fallen so do your children really have any excuses?
It has to be said that the majority of youngsters are not making excuses and want to get out of the home into one of their own as soon as possible. This isn’t because they necessarily hate the place where they live but just feel they need to be a bit more independent in their lives. (more…)
With US finance departments and corporate governance being held increasingly accountable under the stringent requirements of Sarbanes-Oxley (Sarbox) and IFRS in particular, the need for an asset tracking system has never been greater for US companies or their overseas operations.Company accountants have to ensure they remain up-to-date with the compliance requirements for their sector and CEOs and CFOs must be in a position to personally certify that the company’s books and records do not contain untrue statements and fairly represent the company’s results or face severe penalties for Sarbox violations.
For that reason alone it’s wise to invest in a depreciation accounting package. At the level of accounting complexity required in today’s legislative and business environment, spreadsheets can rapidly become complex and difficult to verify.Integrating a spreadsheet with other enterprise systems and tracking asset changes or producing a clear audit trail is also very difficult. (more…)