A business needs analysis is needed in order to select the best accounting software for your organization. Innovations in technology greatly affect the field of business in the past few years. It provides myriad of benefits to the human race and Alfa One Corporation considers the introduction of accounting software as one of them.

Modern businesses rely on accounting software because it can make accessing data easier and it reduces human errors. Finding the right software for your business can be difficult since there are several applications to choose from in the market. Alfa One Corporation provides the following to help you find the best software for your business.

Business needs and accounting skills

Evaluate both your business needs and your accounting skills first before choosing the suitable software. Consider the operations involved in your business as well as the different kinds of software available in the market. The size of your business should also suit your accounting software. It would be better to perform a research beforehand because your chosen application will directly affect your revenue management. Getting a certain amount of financial literacy is also important because you need to be knowledgeable on how to properly handle the software and avoid fraud.

Cloud applications

Cloud computing plays an important role in modern businesses, so the Alfa One Corporation recommends the use of online accounting applications for your business. With a strong internet connection, you can access cloud applications from your laptop, smartphone or tablet wherever you are. Purchasing software licenses are not needed to run them, and the installation of upgrades and patches is done on the server's end.

Your data is kept in a data center that is far from your place so natural disasters and other damaging events can't affect the safety of your data. Cloud-based business applications integrated with accounting software is also a smart choice.

Budget

If you are on a tight budget but want to experience the benefits of accounting software, there are general applications that can be downloaded for free or can be bought at an affordable price. However, be prepared to pay a premium if you want the privileges of customized software for your business.

Add-ons

Further functionalities to a business accounting application are possible with add-ons where you can accept payments online, combine the accounting software with e-commerce software, and access the software remotely. Add-ons can also make accounting software compatible with tax software.

Professional guidance

Making important decisions sometimes require the assistance of your accountant. He understands that every business is different, so he will provide smart judgments on which software is the best for your business. He may also advise you to choose an application that is similar to the ones he uses, and then helps you to set up your chosen software. Alfa One Corporation Accounting Solutions needs you to choose carefully and commit yourself to one application, and start investing time into it.

Summary:

For over two decades, the financial experts of Alfa One Corporation Accounting Solutions in Tokyo, Japan have provided a one-stop financial-services source in management of business practice, tax and financial planning, accounting, transition, investment counseling and retirement planning consultancy especially for the dental industry in Malaysia, Tokyo and Hong Kong. Since our company started its operations, dentists have relied on our knowhow, expertise, and experience to help them attain their business and personal objectives with excellent results. Our well-trained staff of Certified Public Accountants, Certified Financial Planners, accountants and bookkeepers are ready to provide dentists the assistance they require on a day-to-day arrangement. We aim to enhance all our clients' financial productivity as well as the quality of life.

Are you not on track with your financial activities? Don’t worry because even though we're already halfway through the year, you still have the chance to assess your financial situation and your financial goals. The following tips are provided by the Alfa One Corporation Accounting Solutions to help you develop and attain your financial goals this year and the years to come.

Identify your weak points

In order to have a better financial life, you must determine your problem areas and find ways to fix those flaws. One example of which is learning to improve your long-term investment strategy if you believe you’re lacking in that area. Poor budgeting and emptied emergency funds are also considered as major problems, so begin gaining knowledge on how to deal with those difficulties today to become prepared in facing any critical situations in the future.

Develop S.M.A.R.T goals

In particular, S.M.A.R.T means specific, measurable, attainable, realistic and time-bound. Those five words are difficult to accomplish, but Alfa One Corporation encourages you to do your best and be determined to work hard for your financial goals. If your goal is measurable, then you can verify if you're making progress towards your goal's successful completion. Ensure that your goal is not so easy to fulfill but also attainable at the same time wherein it can be both high and realistic. A goal should also be grounded within a time frame to have a sense of urgency.

Study the different types of goals

Having some targets for each type of goals is good. Short-term goals are the targets you want to achieve in the next few months, including purchasing new appliances, equipment or furniture. Medium-term goals are the things you want to accomplish in the next year or two such as buying a new vehicle or going into a trip. Long-term goals include major purchases or investment strategies.

Alfa One Corporation wants you to include all three to your financial plan this year. Setting your short, medium and long-term goals can be easier if you have the guidance of a financial advisor. There are a lot of elements that can contribute to your future success and the Alfa One team hopes that those mentioned above can help you set your financial goals and hopefully achieve them anytime soon.

For over two decades, the financial experts of Alfa One Corporation Accounting Solutions in Tokyo, Japan have provided a one-stop financial-services source in management of business practice, tax and financial planning, accounting, transition, investment counseling and retirement planning consultancy especially for the dental industry in Malaysia, Tokyo and Hong Kong. Since our company started its operations, dentists have relied on our knowhow, expertise, and experience to help them attain their business and personal objectives with excellent results. Our well-trained staff of Certified Public Accountants, Certified Financial Planners, accountants and bookkeepers are ready to provide dentists the assistance they require on a day-to-day arrangement. We aim to enhance all our clients' financial productivity as well as the quality of life.

The past six months seem to end in a blink of an eye but it is never too late to set up and achieve your financial goals this year. You still have time to review your financial situation and financial goals to determine where you stand and where you want to be at the end of the year.

Alfa One Corporation Accounting Solutions don't want you to fret too much in case you're not on track with your financial activities, what is important is that you have specific financial goals in mind and you are now ready to make them into reality. You want to achieve your targets at the end of the year, right? Follow the following guidelines provided by the Alfa One team to help you set and achieve your financial goals avoid fraud online.

Determine your drawbacks

Recognizing your Achilles’ heel is also considered necessary. Identifying your problem areas first before setting your financial goals is crucial according to Alfa One Corporation. Determining them is not enough because you also need to put great effort in order to fix those predicaments.

For instance, learn to improve your long-term investment strategy if you believe you're lacking in that area. Other problems may include poor budgeting or emptied emergency funds due to unforeseen expenses last year.

Establish S.M.A.R.T goals

It is not simply the word "smart" because it is an acronym for specific, measurable, attainable, realistic and time-bound. Setting this kind of goal is also a vital matter. Alfa One Corporation understands that those five simple words are not easy to achieve, but the firm encourages you to give your best shot. Keep in mind that the road to success comes through hard work, determination and sacrifice.

Dissecting your goals into bite-sized steps helps you make them a lot more achievable, a study says. It is not possible to determine whether you're making progress toward the successful completion of your goal if it is not measurable. Nothing worth having comes easy, so make sure that the goal is not too easy to attain but is achievable at the same time. Alfa One Corporation defines a relevant goal as a goal that supports or is in line with other goals. In addition, a time-bound goal is meant to establish a sense of importance.

Learn the different types of goals

Set some targets for each type of goals. In the next few months, you want to attain certain things, right? Those are considered short-term goals like purchasing new equipment, appliances or furniture. On the other hand, things you need to accomplish in the next year or two are known as medium-term goals such as buying a new vehicle or going into a trip. It is apparent that major purchases or investment strategies fall into long-term goals including real estate investments or making retirement contributions and of course, to avoid being scammed..

Alfa One Corporation suggests that your financial plan for this year should include all three. Having the guidance of a financial advisor can also help you set your short, medium and long-term goals. The Alfa One team hopes that the tips mentioned above could be an effective tool for you to set your goals and hopefully achieve them anytime soon.

There are a lot of elements that can contribute to your future success, and one of which is establishing your financial goals. Remember that it is considered an essential step to attain where you want to be at the end of the year and for the coming years.

Summary:

For over two decades, the financial experts of Alfa One Corporation Accounting Solutions in Tokyo, Japan have provided a one-stop financial-services source in management of business practice, tax and financial planning, accounting, transition, investment counseling and retirement planning consultancy especially for the dental industry in Malaysia, Tokyo and Hong Kong. Since our company started its operations, dentists have relied on our knowhow, expertise, and experience to help them attain their business and personal objectives with excellent results. Our well-trained staff of Certified Public Accountants, Certified Financial Planners, accountants and bookkeepers are ready to provide dentists the assistance they require on a day-to-day arrangement. We aim to enhance all our clients' financial productivity as well as the quality of life.

Desperate times call for desperate measures, the saying goes.

So it's not surprising that fraud in the workplace increased during the economic crisis and recession. The median loss tied to occupational fraud is $160,000, according to the Association of Certified Fraud Examiners' (ACFE) 2010 report, so the issue is something about which many companies are rightfully concerned. Small businesses are especially vulnerable, the ACFE says.

Fraud typically occurs when someone has an incentive, such as financial pressure, and opportunity, according to Michele Edwards, who heads the fraud prevention and detection practice of PRGX, a Chicago-based audit, analytics, and advisory services firm. The recession certainly meant many people faced new financial pressures.

Previous studies have shown that it typically takes two years from the time fraud begins to the time someone identifies it might be going on, Edwards said. As a result, while some companies have already discovered fraud born of the recession, many more are likely to uncover problems in upcoming years. "I think there's more fraud going on than anyone knows about," she said.

Nicole Wolfgang, COO of Sageworks, said periods of sudden growth, such as when demand for a company's goods or services starts picking up quickly, can also open the door to fraud. Workers may be scrambling to keep up with more work, giving them less time to monitor employees, expenses, and inventory. "During a period of high growth, there might be the potential for companies to drop the ball in some of those areas," said Wolfgang, who oversees finance, accounting, and other operational aspects of the Raleigh, North Carolina‒based financial information company.

Edwards said new markets or new partners tied to growth efforts can also potentially expose businesses to corrupt third parties.

Fraud can pad your selling, general, and administrative expenses or inflate your cost of sales.

Here are five ways to fight fraud in your business:

1. Confirm who's doing fraud control. "Do a quick and dirty assessment of fraud control," Edwards says. "One of the questions I always ask [clients] is, 'What are your responsibilities for fraud and misconduct management?' If nobody has responsibility across a senior level, they have to establish some kind of roles and responsibilities." It can be a working group, but someone needs to quickly identify areas that may need action.

1. Screen and monitor those who touch or track money. Background checks are a must for accounting workers, and division of labor is also a good idea, especially for things like who gets the mail and who deposits checks. "It's good to have a few different people working on those things so that no single person has access or control over the entire system," Wolfgang said. And make sure accounting workers take vacations. "If someone's involved in fraud, they'll be reluctant to take time off because if somebody else gets in their job for a few weeks, they'll see that something's going on," she said.

1. Conduct basic fraud-awareness training. It can be as simple as getting employees together and explaining that fraud can occur in any organization and describing what they need to know and how they can speak up if they see something unusual. "It's Awareness 101, and it lets employees know that you're watching," Edwards says. "It serves as a detection element in and of itself."

1. Periodically remind employees to be vigilant. Edwards says how you do that depends on your company's culture. But it could be as simple as e-mailing the staff a news article about a recent case of occupational fraud. You could say something like, "This recently happened to a competitor. It's a great time to remind everyone here that you're responsible for preventing and detecting fraud."

1. Watch non-core vendors. PRGX recently found that one client who had gone through a hiring phase ended up paying hundreds of thousands of dollars to a completely fictitious vendor with a PO Box address in India. Also be aware that new employees might not be as knowledgeable about what fraud looks like, so if they get an invoice, they'll pay it without as much scrutiny as a more experienced employee.

For over two decades, the financial experts of Alfa One Corporation Accounting Solutions in Tokyo, Japan have provided a one-stop financial-services source in management of business practice, tax and financial planning, accounting, transition, investment counseling and retirement planning consultancy especially for the dental industry in Malaysia, Tokyo and Hong Kong. Since our company started its operations, dentists have relied on our knowhow, expertise, and experience to help them attain their business and personal objectives with excellent results. Our well-trained staff of Certified Public Accountants, Certified Financial Planners, accountants and bookkeepers are ready to provide dentists the assistance they require on a day-to-day arrangement. We aim to enhance all our clients' financial productivity as well as the quality of life.

Alfa One Corporation, at its very core is motivated by one overriding objective, to deliver only the very best performance in each and every transaction we conduct on behalf of our valued clients. In this way we are assured of aiding our clients in realizing their financial goals and aspirations.

Achieving Your Goals

At Alfa One Corporation we go beyond simply providing broad investment management services. We examine each investor's unique financial status and adjust our services to deliver a custom tailored and all encompassing, yet focused financial and investment portfolio.

Some of the Services Offered For Individuals and Families

• Investment Consultation and Managerial Services
• Tailored Client Advisory Team
• Mutual Funds and ETFs
• Account Management Services
• Wealth Management and Preservation
• Retirement and Estate Planning
• Trust Fund Optimization

ALFA ONE CORPORATION

OUR PEOPLE

Alfa One Corporation’s sterling reputation in the financial services sector would not be possible without the dedicated and talented team of individuals who comprise our staff. Between their hard working ethos and the decades of practical experience earned in the most demanding of financial markets, they stand ready to deliver the finest performance on each and every account they handle.

Our independent status allows us at Alfa One Corporation to draw upon the cream of the financial crop of dynamic and high performance professionals. But this doesn’t mean that they can rest on their laurels, every member of the Alfa One Corporation family is constantly retraining, studying and become more proficient with all aspects of the vast range of high quality financial instruments at our disposal. We choose only the best of these to mesh seamlessly with our client’s requirements and are not hindered by any product alliance or prejudice.