Financial and account services company offering their professional resources with the latest accounting management technology. Their experience in this field let the company get accounting services as they need. There are various accounting services provided by the outsourcing company that are designed mainly to meet the tax, accounting, consulting needs and financial management for almost every type of companies like: internal audit, analysis and review of financial statements, accounting systems design, general ledger maintenance and many more.

To get these services you can search through search engine or ask for references from your business colleague. Choose one that has good reputation and of course with reasonable cost.

Why do I need the money?

The new company must have enough money to meet various needs that are present throughout its existence and that, essentially, are for:

* Creation and implementation of enterprise
* Business development

All these funding needs to be collected on a financial plan for the company to help not only to quantify the amount of money but needed to coordinate and determine how to enter (and exit) of this money. There are many source of capital from cash advance to business loan.

Creation and implementation

The first necessity is that the envelope is a new company to finance its own development and implementation. For more details on the cost of setting up a business, see the article What does it cost to create a business?

The mere fact of creating a business costs money. The state, municipalities, the Register, notaries, etc.. etc. will ask his party relentlessly just for the fact that the entrepreneur decides to launch their idea.

Without knowing whether the idea will work, without having paid a penny and have to start paying a third party.

The costs of setting up a business can be relatively large and must be taken into account in planning the implementation of the project, among other reasons, because they are not the only costs and investments that will face the new project.
And while a bit set to estimate the costs of creation can be corrected with more or less skill, the implications for the whole project can be, later, important.

When starting a business will require, on the other hand, give it the means of production and management for daily operations. You will need to finance the investment in machinery, equipment, etc.. and finance the initial procurement of raw materials to produce or buy the first products to distribute.
Even if utilities will be desirable to be able to pay salaries at least, for example, six months to allow time for the company to settle minimally on the market.

Business development

Once the critical stage of creating the company continues to make enough money to keep running. A company is running as a locomotive that burns non-stop ticket to keep moving. The downside is that it takes this much faster machine, more money is needed to make it work. And worst of all, is that often there is no other choice but to take the higher speed as soon as possible.

It is also possible that a few months of reduced activity or delay in charging customers make the pace of financial input is less than expected and, surprisingly, the pace of output remains the same money. Will need to seek other funding mechanisms to continue operating until that money.

1. Introduction

We can classify the audit in three types:

* Audit
* Operational Audit
* Strategic Audit

1.1. Audit

Its basic purpose if the Balance and Profit and Loss Account of the true and fair view of the economic and financial situation of the company at any given time, ie whether such records are reasonably accurate.

Is carried out by independent professionals. This type of audit is regulated by law.

1.2. Operational Audit

Its basic objective critical evaluation of the operations and activities of a company. For example, to investigate whether an organization is wrong, if it controls the quality of the raw materials purchased by the company, if the control of receipts and payments is reasonably correct, and so on. Its field of action is very wide.

Can be performed by employees of the company itself (internal auditors) or by external auditors. Is not regulated by law.

1.3. Strategic Audit

Its basic objective critical appraisal of the company as a whole system and its future, as expressed in the Strategic Plan. Ie, evaluate the current situation of the company, where you should go and where in the opinion of the auditor. Is often carried out, usually by independent professionals.

2. Should I use audit services?

Aside from companies that have a legal obligation to be audited, the employer must evaluate any reasonable quantitative and qualitative benefits it brings an audit engagement and compare them with the minutes of the auditor.

2.1 Audit

What do you get the business?

An independent opinion that the basic accounting statements, the Balance and Profit and Loss Account, are reasonably accurate, ie, represent the true picture of the economic and financial situation of the company. Moreover, in addition, if there are significant shortcomings in the system of internal control within the company: for example, there are enough fire extinguishers in the warehouse, the collection and payment procedures are incorrect, etc..

Deepen. Think. Periodically if the economic and financial situation, as expressed in the statements is correct or not and at the same time, if there are significant failures in the system of internal control is really valuable. I regularly monitor the assets of the company, its assets and liabilities.

Is it quantitative and qualitative benefits that the audit provides the auditor’s bill? Can my resources afford this service?

Meditate objectively.

2.2. Operational Audit

The company carries out operations: Charges, payments, investments, expenses, etc.. Has in effect procedures for conducting such operations. Managers must effectively manage the assets, etc..

The auditor is operating here and now. Tirelessly monitored the effectiveness of resource management, whether the procedures of the company are correct or not, whether the controls are adequate, and so on.

Its attitude should be full cooperation with the Directorate of the company. Not a spy nor scathing critic. It helps to provide a consistent and effective management. It is an invaluable service.

But do benefits outweigh the quantitative and qualitative costs of this service? Moreover Must be operational auditors employed by the company or should I hire these services externally?

Deepen. Think. To have a good side to his expert advice on what went wrong and what should be done to correct it with a constructive spirit, is a valuable service.

Meditate objectively.

2.3 Strategic Audit

It may be appropriate for companies that have a certain size, usually with a Strategic Plan.

The auditor (auditors an interdisciplinary team of specialists led, coordinated and monitored by an auditor general) discusses the current situation of the company, where he is and where it should go. If your goals, strategies, structures and resources are reasonable. The auditor carries out a critical assessment of the company as a system. Look to the future, check out the scenarios of the Plan, the contrast with their own. Is available to the Company address, to give their best advice, supporting their opinion on experience. Is always available to the company. Regularly monitors its course and if, in his opinion, it is right or should be changed, how, when. Recommends, advises.

It is a good service.

But can outweigh the benefits provided by quantitative and qualitative audit of the service costs of the bill?

Deepen. Think. Meditate objectively.

The globalization of the part we have been in recent times, occurs in young people a sense of insecurity in regard to their future, their work and their profession. Today, the fact that the business world has changed its requirements for young professionals, leading to the view that a university does not ensure a good job. The conditions that a young entrepreneur must have changed in this new framework. But what are these new conditions to meet?.

Here’s some advice from entrepreneurs who have succeeded in their professions:

1 – Knowledge of languages: it is necessary to write and speak a second language fluently, and English, the language is advised, as it allows us to not only keep abreast with information published in this language, but also is useful for working online. Other languages to be taken into account when evaluating a language to study are: Portuguese, German and French.

2 – Knowledge on the Internet: we can not enter the world of business today, knowing that the presence on the Internet is a powerful tool. You must complete the college courses with the Internet, computer management, operating systems and software related to the occupation of each, for example, accounting software, information on codes and laws, and so on.

3 – As to where to attend college, there are those who believe that graduates of public universities have a more real for the situations that will be faced with in their professions, but there are those who see this type of training is not exclusive . So to choose, we must determine the profile that the university has on the environment where it is inserted later by the professional. That is, what the graduates of universities more easily get a job in the field in his profession, after the race.

4 – Another frequent question is whether our young people to work during their university education. It is advisable to get a job-oriented future career in the final years of the race or during the summer, because although the experience is a condition required in our day, if this is too early may interfere with the level of study and concentration achieved.

5 – up to date today, although the generation of information in different areas is uncontrollable, you can get e-mails for information on different websites, join forums where opinions are exchanged between those who share the same theme, belong to newsgroups, and so on. We must also choose to upgrade courses or seminars in various topics of interest. Another way to be updated is through distance learning courses and online courses.

6 – Finally, by way of comment related to the previous point, are being imposed in many countries the means for courses online, which not only allow us to receive information on the latest issues, but also allow us to get contact with the professionals who exhibit their items through a simple and economic, without leaving the home or office, and without solving travel and hospitality.

In short, although it seems very difficult to meet all these requirements that we are now required to allow the labor market in our successful, it’s important to try to organize and use all the tools that are within our reach. For a better integration in the workplace, it is essential to be willing to give the best of oneself, to listen to those who bring us their experiences and learn from the experiences of others

Characteristics of the company

We can define certain characteristics of a commercial enterprise as the elements that make up among the factors which we have assets, which holds the employees, owners, unions, banks, etc.. Factors liabilities, which are enclosed materials, transportation, technology, knowledge, financial contracts and organizational factor is the coordination and order among all the factors and areas ..

Active factors

Individuals or legal entities, cooperatives, foundations, etc.). They are a company made, among others, capital is purely monetary, whether intellectual, patents, etc … These “people” become shareholders of the company.

Participate broadly in the development of the company, managers, customers, partners, funding sources, shareholders, suppliers, vendors and employees.

Factors liabilities

All that are used by the active elements and help to achieve business objectives. As technology, materials used, the contracts of support available, etc..

Hierarchical organization of an enterprise and departmental

Within an enterprise there are several departments or functional areas. One possible division is on production and logistics, management and human resources, trade (Marketing), finance and administration, information systems and sales. They can be together or separate depending on the size and business model.

How to have a good business organization?

The practices of corporate governance vary greatly in terms of their implementation detail and country to country. Basically their goal is to build trust shareholders, employees, society and economic actors in general.

Essential elements of corporate governance are: Transparency of information, Reporting and Auditing, Codes of Ethics, Risk Management, Heritage Protection, Strategic Planning.

Several aspects should be considered as members: the governance of human resources, the Government of the Good Quality, Good Governance of Information Systems and Communications, the corporate governance environment, governance of technology.

Companies of one owner

We can find cases (which are more common in Ecuador) that the company has a single employer, as they have ease of training.

The assets of the company really belongs to the owner because the company is not a “legal entity” can not own property, so the owner can transfer assets to the outside or inside the company at will.

The company does not pay income taxes: The tax laws do not consider the company as a separate form of other financial activities of its owner. Therefore, the company has no income tax return or pay such taxes. Instead the owner should include the net income of the enterprise of your statement of personal income.

The company does not pay wages to the owner: The owner is not working for wages. Owner’s compensation is the net profit or net loss for the company. Any withdrawal of cash from the company by the owner must be registered debited from the account owner and is not recognized as an expense of wages.

The owner is personally liable for the debts of the company: This concept, known as the unlimited personal liability, it is very important to deserve special attention. The owner of a firm sole owner is personally liable for all debts, unlimited personal liability is the biggest disadvantage of this form of organization. Other ways to limit your personal liability for business debts, but not the only one owner.