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Thursday, September 18, 2008

How to Use Computer Software to Budget Yourself and Make More Money

I used to be like alot of you ,relying on my human mind to budget myself to some degree of success. However, sometimes figures get lost and bills that need to be paid do not get paid taking this old , unreliable approach.
For example, just four months ago , a bill had come to the home for the energy bill. I had anticipated this bill because I knew that my family had used up alot of energy the previous few months and that it would cost alot. This high cost meant that we would have to sacrifice a few fun but not necessary things in the following months,one such thing as our planned trip to our country place.
Now the day that this bill came, I paid it off immediately and it went totally out of my mind. I had other things on my mind, such as the car note, my phone bill, work, kids.etc. So much that in the weeks following the payment, i actually forgot that I made the payment.
I cannot tell you how much this put a strain on our summer activities and budget. Whenever someone in the family would come up with an idea, I would always shout back ," no we cannot do that, remember the huge bill that has to be paid!" . I would even do this when there was clearly enough money in our account to do whatever we had desired to do that weekend.
The situation finally got cleared up , about three weeks after I paid it, when I got tired of waiting and called the company up, to ask them if they had made a mistake. They then humbly replied, that " you already paid it sir" . I took that answer and ran with it for about 5 minutes until the memory struck me, that I had actually paid it and stopped our family from doing so many things because I forgotten.
Well, I will tell you ever since that day , I've almost become like a business, so organized, on the ball and able to budget any financial situation.I have gotten into the financial 21st century and picked up a program that helps me to budget everything related to my finances on the computer.By Dale Pindling

Accounting Software For Private Schools

Accounting software is necessary for private school owners that do not have bursars or accountants in their employ. This software which is tailor-made specially to serve the accounting needs of a school or a group of schools such as nursery, primary and secondary schools would provide solution to the various accounting problems facing some schools, especially, the private schools.
The number of nursery, primary, and secondary schools owned by private individuals is on the increase, especially in the developing countries. A common feature among these private schools is that many of them do not have accountants. What many of the school proprietors do is to simply employ accounts clerks or make their secretaries do some book-keeping work for them. The reason why they do this is to save cost. Consequently, many of such private schools usually end up not having good accounting system. Such acts directly or indirectly bring some negative effects in the management of the private schools.
The good news for these private schools is that we now have accounting software for schools that can equally do the work of accountant where one is not available, or where the available accountant is over loaded with work. The private school owners should consider making use of this software so as to maintain good accounting records in their schools. The use of the software is by far cheaper than the employment of accountants. It is capable of handling the various financial transactions of the private schools, such as receipts and payments. It can also prepare the various accounts for the schools such as the opening statement of affairs, the receipts and payments accounts, the income and expenditure account, and the balance sheet. From the above mentioned accounts, The software can also ascertain the cash balance, the bank balance, the accumulated fund, the surplus if any.
This accounting software will surely provide the private schools with the relevant accounting information needed for efficient running of the schools. It will make an invaluable accounting tool to the private schools in the developing countries in particular, and in fact, to all schools in general.By Emeka Okorie