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Posted by mrs. eliza humperdink on January 24, 2008, 12:48 am
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>
> Accountants often save the business money.
> Accountants often help the business be more profitable.
> Accountants are involved in making strategic financial decisions for the
> company.
if they can do all these fantastic things, why the heck are they still
burdened with doing the ACCOUNTING?
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Posted by mrs. eliza humperdink on January 24, 2008, 11:35 pm
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> I wouldn't be doing this if it were a burden. If I have a client that
> becomes a burden, I fire them.
mr. cpa, you are delusional. are you on DRUGS?!
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Posted by A Nonny Moose on January 23, 2008, 12:22 pm
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> when has an accountant ever made a sale and generated some revenue for
> the firm?
Instead of calling names, let's discuss the realities in business.
A good accountant is worth more than most salesman!!!
If a salesman makes a $10,000 sale, how much of that makes it to the bottom
line? Answer: Maybe $300-$500, about 3-5%, on average, after "overhead."
If an accountant saves the company $10,000, by reducing "overhead" or any
number of ways, how much of that makes it to the bottom line? Answer:
$10,000.
Who contributed the most to the company's success?
Success in business is not how much you take in, but how much you keep. It
is only by tracking margins, controlling costs, and making sure you are
profitable (which is known as "accounting"), that companies succeed. I
spent 20 years as a financial analyst and as a commercial banker. It was
difficult to believe how many business owners equated their success with
their revenue and not their profit. Many of them thought that borrowing
money would solve problems. I always insisted on seeing their financial
statements, to see where they were and where they were going. When they had
none to offer, or they delayed because they had to get one "made up", which
was often the case, I knew the source of their problems. You have to be
lucky to succeed when you run a business by the seat of your pants. Smart
entrepreneurs do not rely on luck. Smart entrepreneurs know that accounting
is a business management tool and good accountants are worth their weight in
gold.
By the way, I am not an accountant. I am an adjunct professor, I write
business books, and I own my own business. I sell useful accounting
software to small businesses! I sell the tools they need in order to
succeed. Accounting is a means to an end, a tool to success. I talk to
people all the time about their accounting issues. Some of them think their
checkbook software is "accounting" software. It is a delusion, but a very
common one, almost a plague. Knowing how much you have in the bank doesn't
tell you anything. You cannot make an informed decision based only on how
much cash you have, unless you manage by the seat of your pants.
When I completed my master's thesis, I studied business risk. I learned
that that most people are under the mistaken impression that most businesses
fail because of lack of money. For those that try to go into business with
inadequate capital that is the case, but most viable businesses fail not
because of lack of capital, but poor management of that capital. They don't
do accounting. When they call us for accounting software, they are usually
desperate to find out how they got into trouble or what they can do to avoid
getting into trouble again. A good accountant with real accounting
software, will provide the kind of information they need.
I worked as a turn-around consultant for several years. Without exception,
the problems faced by business owners were based on poor management
practices, primarily poor accounting. So, when someone comes online and
begins bashing accountants, I know them. I know who they are and where they
are headed. They are doomed to fail or at best, remain insignificant until
they go out of business because they do not understand business basics. All
of the ranting, raving, and name calling will not change reality. If you
don't do accounting well, you will be lucky to make it in business. Protest
all you want, call names, be insulting, but it will not change reality.
Until you face reality, your future is limited, very limited.
You have choice. Ignore reality or deal with it. You cannot change it.
Anonymous
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Posted by mrs. eliza humperdink on January 24, 2008, 12:52 am
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> By the way, I am not an accountant. I am an adjunct professor, I write
> business books, and I own my own business. I sell useful accounting
> software to small businesses! I sell the tools they need in order to
> succeed. Accounting is a means to an end, a tool to success.
sigh. Yet another accountant who denies he is an accountant and
claims to be something else, AND is peddling ACCOUNTING SOFTWARE and
other services.
For all the people in the world professing NOT to be an accountant,
there sure is a lot of people offering accounting services and
software!
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Posted by mrs. eliza humperdink on January 24, 2008, 12:54 am
Please log in for more thread options > A good accountant is worth more than most salesman!!!
>
> If a salesman makes a $10,000 sale, how much of that makes it to the bottom
> line? Answer: Maybe $300-$500, about 3-5%, on average, after "overhead."
yeah, but suppose all your sales people quit. You have no revenues.
No matter how much your accoutants cut costs, YOU HAVE NO REVENUES and
hence no profits.
> If an accountant saves the company $10,000, by reducing "overhead" or any
> number of ways, how much of that makes it to the bottom line? Answer:
> $10,000.
You mean, as in lets depreciate the costs over 25 years so our expense
this year is reduced by 96%?
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