Friday, January 7, 2011

Letters Daughters Catholic Confirmation

SME'S AND THE ADMINISTRATIVE PROCESS AUTOMATION AND FISCAL 2011 FINANCIAL CALENDAR

In Venezuela a large percentage of our SME's started its activities as small family businesses, in some cases companies are formed as fact, without putting on the legal formalities provided for in our legislation to give birth to the personality business law, irrespective of legal form to take these production units, either, Compañía Anónima (CA), Sociedad Anónima (SA), Limited Liability Company (SRL), Civil Society, or simply Made Society, there including the common denominator is the absence of commitment by its founders, start your business, regardless of the minimum investment required to ensure a sound administrative and accounting processes it possible, first, an efficient registration of business, and second but not least, control of administrative processes and consequently obtaining reliable data and indicators to measure them with a reasonable margin developments in the profitability of the business and making decisions in a timely manner. Without underestimating the reasons for this phenomenon arises, among others:
  • The limited resources that the company has to begin its operations.
  • The need to invest the maximum time, resources and efforts to the business operations, to account for the money generating activity.
  • The ignorance of the partners, of how to bring administrative and accounting processes of the company under that in most cases are not specialists in these areas.
  • The conviction that administrative expenditure is a necessary evil and that the best you can wait for later.
The truth is that to the extent that the company is evolving under pressure from government agencies require employers to take seriously the issue administrative / accounting, especially in reference to the Fiscal and quasi-fiscal activity of government. And is there still making mistakes that will eventually come out more expensive to have started successfully. Among the most frequent, to hire an external accountant, irresponsible, because they represent a lower cost, long-term financial implications SME's in development, can be devastating.

A significant percentage of small business owners know that there are plenty of solutions in market that would allow them to automate their accounting and administrative processes at a very reasonable cost, specialized programs tailored to the management of each type of business, whereby you can have a tight control on operations administrative and accounting organization. The increasingly sophisticated software allows proper recording of transactions, among others, the efficient control of cash flow, cash management, accounts payable and receivable, sales, purchasing, inventory, assets, taxes, invoicing, etc., plus a large range of reports that facilitate decision-making so efficient and timely but even more important to keep adjusted to current tax legislation, in order to avoid or minimize the risk of future penalties and fines.

Finally, if you are within this group of young entrepreneurs, and business starts to grow, take time to evaluate the possibility to organize and streamline your business, not regret.

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