Advances In Asset Management Software

Asset management software has been around for some time now. The initial versions of asset management software applications were basic in terms of their functionality. The only function they were able to provide was to help create a list of assets with details of their purchase date and manufacturers. Slowly, improved versions of asset management software applications began to be introduced by various software product development companies.

Today asset management software applications have become quite sophisticated. The functionality offered has increased manifold to the extent that these applications have become complete asset management solutions. The present versions of asset management software applications not only help a company manage the purchase and maintenance of assets but also help in the creation of strategies and practices that result in cost reduction and enhanced productivity. They now track assets through the whole lifecycle of an asset, from the purchase until the asset is retired or the lease has ended.

Digital asset management software applications that help manage information technology assets have witnessed huge changes. These can now detect all the computers that are present on a network, verify the licensed copies of software applications installed on these computers and even control the computers on the network remotely. Some of these applications also have the capabilities of providing auto-alerts and notifications which instantly inform the respective department of changes to IT assets on the network. FootPrints Asset Management software for example, is able to run searches and reports to get metrics on current and historical asset information that is broken down by hardware type, operating system, software manufacturer, among other things.

Given the pace at which technology is changing, it is not surprising that these applications have advanced so much. Even so it is sometimes incredible what these applications are capable of if used to their maximum potential.

Address Labels

If you like sending letters, invitations, and cards, you definitely need address labels. Say goodbye to writing your address manually on every envelope you send for hours and hours – with address labels , you just stick and send!

Address labels are so easy to use – with them in hand, you can afford to spend more time actually writing the letter than labeling the envelope. Address labels also look more professional than handwriting, and best of all, leave no room for human error.

And because they can be personalized anyway you want, so you can be sure you’ll find something tailor fit to your requirements. You can either order online, go personally to a print shop or make your own, but before you do so, keep in mind some of these reminders.

Plan and design your address label well. Clearly write down the information you want to appear on it and double check spelling and accuracy. Make sure your information fits in a certain number of lines, and that the text size is clear and readable but proportionate to the size of the address label you want. Remember that your recipients will be seeing (and scrutinizing) your address label, so it is best to choose s design that reflects your personality. Some people order two kinds of labels – one kind for formal letters, one kind for more laid back letters (such as cards sent to family and friends).

Size does matter. There are literary dozens upon dozens of mailing label sizes, and even if you can’t find one that’s suitable to your taste and requirements, you can easily have special sizing done.

Small return address labels are typically 1.5” x 1.75”. Since return address labels are not processed by a mail sorting machine, you can go creative and add fancy font, color, and illustrations. If you need addressing labels, on the other hand, consider the standard 1”x4” to 2”x4” size. De sure to choose a large and easy-to-read font that is machine-readable. And be careful about putting fancy illustrations or logos on your addressing labels – if you don’t place them properly, they confuse the sorting equipment.

Acne Medicine

Acne is a combined term that is used to describe a number of skin conditions, like blackheads, blemishes, lumps, and whiteheads. Teenagers and adults can have acne. Stress, hormonal activity, bacteria, steroids, and overactive glands can cause acne.

The various forms of acne are:

Blackheads – due to melanin pigment

Whiteheads – due to the bacteria inside a blocked pore

Papules – are tiny, tender and red spots.

Pustules – are red spots filled with pus, and inflamed.

Nodules – are bumps under the skin which are large and hard.

Cysts – are nodules accompanied by severe inflammation and infection.

The different types of acne include:

ACNE VULGARIS: is a chronic inflammatory condition wherein fluid (sebum) is created by overactive oil and sweat glands.

ACNE ROSEACA: is similar to acne vulgaris, but people also experience skin flushing and a general redness of the area. Sufferers should avoid spicy food and alcohol.

ACNE COSMETICA: is due to the prolonged use of cosmetics, especially those containing isopropyl myristate or greasy ingredients such as lanolin. The best treatment is to stop using the cosmetic causing the acne.

ACNE EXCORIEE: is caused when the skin is damaged by the fingernails and unable to heal due to persistent scratching, which leaves a broad, shallow scar.

CYSTIC ACNE: Cystic acne usually occurs in males. It generally persists beyond 20 years of age and may lead to permanent scarring. This type of Acne can be medically treated with a specialist’s advice.

OCCUPATIONAL ACNE: This is a common condition suffered by motor mechanics who are frequently exposed to oils and grease.

CLIMATE CHANGE: Changes of climate can cause acne, particularly when one moves to a warm climate from a cool one. This is because warm skin releases more oils and sweat, to keep the body cool. One should use a light moisturizer and cleanse the skin regularly.

Accounts Receivable Training

For those embarking on careers in business accounting, it pays to take accounts receivable training. In fact, it’s essential for management trainees, systems analysts, and other business professionals to upgrade themselves and be in a better position to understand the accounts receivable aspect of business management. It may sound dull, but it is integral.

Training encompasses all aspects of accounts receivable. The bill or invoice segment covers preparation, which includes vital details pertaining to the transaction. Training covers how to create a customer account and continue to make additions in order to include good and services and purchase and payments received.

How and when a bill is paid must be recorded separately. The cash received by the bank is also maintained for reference. Similarly other modes of payments such as cash are also maintained and updated regularly. Goods returned by the customer are documented in the customer account.

In the last couple of decades, computers have become an integral part of the business accounting process -in fact computers handle nearly all aspects of accounts receivable. Therefore training is primarily based on personal computers.

Accounting professionals hone their skills by learning to create an account using state-of-the-art software applications to help prepare accounts as well as reports faster than ever. As a result, accounting professionals learn to devote more time in bringing out certain underlying aspects of accounts receivable that are vital for a company’s cash flow. This information, in turn, helps management to frame new policies in the interest and growth of the company.

Accounts Receivable

A company offers products and/or services to its customers to generate sales. The transaction takes place when the customer buys the goods and/or services at the price and conditions agreeable to both parties. Generally the transaction is completed when the customer pays after taking delivery of goods and/or services.

However in cases where there is a long-standing relationship between the company and a customer, the buyer may make payment at a future date. This also takes place when the two parties have a payment agreement.

The invoice as presented to the buyer and that transaction, which is recorded, is referred to as accounts receivable. When the customer pays his invoice, his account is credited with that amount. The accounts receivable ledger records the details of each customer’s transactions and payments received.

Since more and more companies are entering into a transaction with the customers by offering credit, managing accounts receivable can pose serious financial problems for a company if not efficiently managed. For instance, a receivable that remains unpaid for a long time can turn into a bad debt. At the end of the financial year, the total sum of accounts receivable is calculated. Applying discretion, uncollected invoices from the past 365 days (or as deemed fit by the company) are excluded from accounts receivable and classified under bad debts. The total amount thus arrived at is treated as a current asset on the balance sheet of the company.

Finally, an accounts receivable department should have a goal structure for each team member.

Accounts Receivable Process

To understand the utility of the Accounts Receivable Software, you need to first understand the concept of Accounts Receivable funding. Invoice factoring, as Account Receivable funding is also called, is a financial service that allows a business to sell its invoices and outstanding receivables to financing or funding companies who purchase these at a discount, or less than the face value of the receivable. The advantage of this deal is that you, as the owner of the company, get instant cash; and to the financing company is that it collects the receivables on your behalf at the full face value. This means that the entire responsibility of collecting the cash is now on the financing company.

Free of the need to collect funds, you can now concentrate on the more pressing needs of the business. Also, you get the opportunity to extend services to a larger number of customers without asking for cash on delivery.

Given that the advantages are many, Accounts Receivable need proper and effective management. While one way is to outsource the work to another company, the other is to use Software to maintain a record of the transactions and the clients involved.

The Software allows you to maintain a master record of customer information, and separate files also. You can locate the information by fields such as customer number, phone number, or even company name. You can assign credit limits, make extensive notes, and also provide notes and statements to customers.

Apart from this, the Software can be used to keep a record of the transactions, charges, and payments. Depending on the requirements, you can use the Software to apply the same payment to any number of records. In addition, you can prepare reports on collections, write-offs, and control policies. Besides, you can print any messages for promotional campaigns, greetings, and sales.

Accounts Receivable Process

The process of accounts receivable starts when products or services are provided to a customer on credit. The company that details the transaction including the total amount and duration of credit creates an invoice. The invoice is then recorded.

If payment is on time the accounts receivable process ends there. However, often this is not the case. That’s when the collection department takes over. First, the customer is afforded the opportunity to explain the delay. If there’s a complaint regarding products or services, the matter is forwarded to the respective departments. Once the issue is resolved and payment is received the process is ended. Sometimes the process will end if the product is shown to be faulty or not up to the customer’s expectations, at which point the debt may be expunged or reduced. This may or not be the case with your company or the company your represent.

Some companies prefer to hire an accounts receivable outsourcing firm. These firms take over the process of collecting overdue payments in a professional manner. A certain amount of fee or commission is charged for successfully completing the process of collection. In some extreme instances, a customer goes bankrupt and simply can’t pay in which case the debt is transferred to the bad debts account from accounts receivable.

The bad debts account will stay on record, but the comany may or may not ever be able to collect on the debt. Some debts are lost causes, and those losses must be cut so that the system does not get bogged down.

Accounts Receivable Outsourcing

Accounts Receivable factoring is a process that enables a small business to sell off its invoices and other Account Receivables to a financing company. The financing company purchases these invoices at a discounted rate, gives the cash to the business and, when the due date of the invoice arrives, it collects the cash from the customer at the face value of the invoice. The company can collect the cash itself or outsource the work to another company that specializes in cash collection services.

The Outsourcing company first carries out what can be termed as an image capture. This means that as soon as a purchase order is received, the company uses a large number of recording techniques to scan the purchase order, and then index it based on fields such as customer name, customer number, invoice number and date. This will ensure that all customersï¿bf½ data is stored together digitally and is accessible when required.

The next is to scan the POD, or proof of delivery. Here, the customerï¿bf½s signature on the document is verified. This serves as a proof that the goods were received and accepted. The next step involves the creation of the invoice statement. Once this is done, the company initiates the process of collecting the money as the due date arrives. All Outsourcing companies focus on maintaining a cordial relationship with the customers, and collecting the money as soon as possible.

In fact, some companies also design customized solutions to implement both inbound and outbound treatment plans to manage the Accounts Receivable based on the customer relationship strategy of the company.

The company then contacts the customer through formal letters or phone calls, and also maintains a record of the same. If, after adequate reminders, the payments do not materialize, the company also prepares statistical reports stating the causes of delinquencies. It also tracks issues like non-payment due to damaged merchandise, unfulfilled service and pricing discrepancies.

Accounts Receivable Management.

Accounts Receivable Factoring is a means to meet the requirements of companies that are in urgent need of cash. Highly useful to the companies, this process of Accounts Receivable Funding refers to the process of selling of invoices and other Receivables by the company to a funding company. The funding company purchases these Receivables at a discount from the seller company. The seller company then gets the required cash that is required to run the business. Added advantages are that the seller company can then focus on the business without bothering with collecting the cash, because this becomes the responsibility of the financing company.

As a company raising funds through Accounts Receivable Funding, you have the option of managing the Accounts Receivable sales yourself, or outsourcing it to a company who specializes in providing Accounts Receivable Funding services. In fact, there are many companies providing Accounts Receivable Funding services, including designing, implementing, managing and providing solutions to clients ranging from telecommunications, education, retail, utility and the government sector, to name only a few.

The process of Accounts Receivable Management involves receiving documents, which can be either sales notes or checks, maintaining a record of the same, and providing quality checks by validating these entries to ensure that they all are defect-free.

Another aspect of Accounts Receivable Management involves eliminating all possible risks to bad debt and non-payment, thereby ensuring a smooth cash flow. Accounts Receivable Funding processes also require maintaining cordial relationships with the clients, monitor follow-up transactions and ensure a smooth resolutions of problems that may arise.

Depending on your business requirements, you can get Accounts Receivable Management services customized to your requirements. There is also Management software that you can use to keep a track of all your records, transactions and customer information in a systematic manner.

Accounts Receivable Jobs

Accounts Receivable Factoring is a process by which a small business sells its invoices at a discounted rate to a financing company. The business gets the cash required for the smooth flow of the business. It then becomes the responsibility of the financing company to collect the payments. Also, the company collects the payment at the face value of the invoices. Collecting cash is no easy task, and the company needs to provide services such as customer care, maintaining records and collecting payables. Therefore, the Job profiles of people working in these companies vary.

First of all, these companies offer positions for Account Receivable billing analysts. Suitable candidates for these posts need to have a strong background in Accounts Receivable and billing. Experience in relevant industries can make a lot of difference. For example, if a company provides Accounts Receivable management services to a telecom industry then a candidate with relevant experience in telecom set-ups will get preference. Also, most companies prefer the Account Receivable Billing Analysts to have experience with SAP, as also with exposure to network services billing.

Then again, there are Account Receivable positions that require the candidate to enter and post invoices, handle adjustments, and refund statements. There are openings for customer care personnel who attend to customer queries. The candidates are required to be computer literate, with excellent communication skills. This is important because maintaining cordial relationships with the customers is extremely necessary.

Another Job profile with Account Factoring companies is that of an Accounts Receivable cash posting person. The candidate is required to timely and accurately post checks to the customers. Again, there are positions for Accounts Receivable coordinators who are required to handle all cash receipts involved with the receivable department. The candidates are also required to research and resolve any customer deduction discrepancies.