Beginner’s Guide For Buying Accounting Software: Understand Basics Of Accounting First

Having decided to go for an accounting software, what you must understand is that the best accounting software is the one that performs all the conventional accounting functions promptly and accurately. All additional features are secondary to the basic functions. Never forget, it is the “rigid rules” of “accounting” that make the software so consistent throughout. Since most of businesses deal in cash in some form or the other, the foremost accounting function is Cash Book maintenance, which ensures that all cash transactions are monitored for a certain period of time. Next, comes the Bank Book, wherein all the records related to bank transactions are kept and can be easily sorted out for any specific time period. Then, there is the Journal Book, which is what one needs to refer to for all such transactions that are neither related to cash, nor have anything to do with the bank. Besides, there is Purchase Book and Sales Book. While the Purchase Book keeps track of all the purchases made and all such transactions that have anything to do with purchasing, Sales Book, as the name suggests, records the sales. These books come in handy to prepare Trial Balance, which demonstrates the accounting accuracy of the involved transactions. The Trial Balance has a Debit and a Credit side. To find out if the transactions have been recorded properly or not one has to tally the sum total on Debit side with that on the Credit side. If they tally accurately, it indicates that the transactions have been accurately recorded. However, the tallying is effective only when the transactions are recorded using the double entry concept. The Double entry concept works on the principle that for every Debit, there has to be a Credit. Now, if you are about to choose an accounting software, make sure that it performs these basic functions efficiently and accurately. Another thing that you must bear in mind is the user friendliness of the software because getting a technologically complicated software may make accounting complicated, which, surely, is not what you are getting the software for. So, settle for a software that is easy to operate and gives accurate accounting results.

Accounting Business Outsource Process: Manage Your Accounting Tasks in Easier Ways

Accounting is considered to be high profile in nature due to the complexities involved. It includes a vast maze of tasks like recruitment, competitive work efficiency, perfect time management and financial resources. These tasks demand precision of high grade and this is sought to be achieved by the organizations by outsourcing accounting professionals. Outsourcing is such a sought after option that organizations anywhere in the world can’t seem to be doing without it. The major reason behind this is management of the tax season which is grueling and often details are overlooked in the rush. Accounting business outsource process handles these business parameters at lower rates in efficient way and thus assists companies to arrive higher growth curves. Though other parameters do assist in the success of an organization, accounting is yet described its actual backbone. Accounting business outsource process is effective in minimizing the workload of an organization, paving way towards earning massive profits. Financial advisers now know that it is better to outsource the accounting experts who are adept in their tasks quite well. A reason behind this is affordable charges compared to ones charged according to the per diem system by the accountants in US. Their acumen comes forth while making data entries, creation of annual financial reports, tallying transactions etc. and organizational training imparts further cutting edge in their accounting skills. Accounting business outsource process, professionals are hired for their specialization in managing the business alliances and thereby rendering financial investments profitable from every angle. Extracting maximum profits from minimum possible resources of an organization is one of the attributes that defines the brilliant work of these accountants. Outsourcing accounting work in this way, undoubtedly unleashes the growth potential of an organization. The professionalism of these accountants comes forth while handling the difficult tax session. Plus, the resources like manpower and financial reserves already saved are diverted towards other important sectors of any company. A number of tasks like compilation of financial expenses, calculation of tax are performed by them with a precision that is unmatchable by any means. This ensures a timely filing of taxes by the business heads and you are also assured of innumerable techniques which assist you in reducing tax legally. These accountants have a complete hold on various nuances of projects, handled by the organizations and possess a perfect sense of time management. Since even a minor error can pave way towards a perfect disaster, it is imperative on the part of company heads to be quite selective while choosing any preferred outsourcing company. A meticulous background research in this case proves to be advantageous for the company and only a certified association should be contacted to handle crucial projects. Accounting business outsource process is a surefire path towards progress and prosperity of any business venture. A contract based system is followed by the outsourcing firms whereby expenses are charged according to the amount of work done. One is sure to arrive grandly in the market arena with an active assistance of certified accountants who offer cost effective options to the companies for their projects. Information about these brilliant experts can be procured from the internet and consultancies, providing you with a complete profile of the outsourcing firms as well as the professionals working in these organizations.

21 Lessons I Have Learned From Darren Rowse

When we talk about “Blogging Tips and Tricks” the first name emerges in our mind is Darren Rowse from Problogger. As you might already know that he had written a book titled “31 Days to Build a Better Blog.” Here is how he described it:

The idea is simple. By the end of this challenge you’ll have learned 31 aspects of blogging and put them into practice. It is designed not only to fill your head with knowledge ABOUT blogging, but also to give you some concrete things to actually DO something with the knowledge.

Basically you had a teaching and a task each day. The teaching would give you the concepts and theory, and the task would force you to take action on what you had just learned. Now without making any preface here are my tips, which I have learned from Darren’s book……

1. Focus on a niche topic. The more you narrow your blog topic, the better it is for your blog’s potential. It is better for your SERP’s and to attract readers and subscribers. A specific blog topic allows you to become an expert in the field and your readers know what to expect from you. It is also easier to monetize a narrow niche. Remember don’t try to be “A Jack of all trades & Master of none.” Try to build unique brand of your blog.

2. Write List Posts. Using lists has always been a popular and effective technique among bloggers.If you look at pages like the front page of Digg and Delicious and you’ll see that much of the hottest content on the web is written in list style. Because lists are scannable, it keeps post succinct, it looks clean, it can be persuasive and comprehensive and it goes viral.

3. Write Link posts Writing posts with the outbound links to other useful resources not only build readership on your blog but it also give something of value to your readers and build your credibility and relationship with other bloggers.

4. Interlink your old blog posts. Try to build this task into your daily posting schedule. if you have a lot of content that you’ve never interlinked before start with the most popular posts. This technique gives opportunity to your readers for further reading and to stay more on your blog.

5. Create a Sneeze page for your Blog. Sneeze page is a page in which you list posts of your blog in some categorized order, it helps you to show off your archives and to promote old posts. Linking to old posts can help grow your search engine ranking.

6. Write Review posts. The Web is increasingly being used by people for research to help make purchasing decisions. You can write a review on a book, any website on your niche, any article from magazine, a tool relevant to your niche etc. You can also use any affiliate link associated with what you are reviewing. A well written and balanced review can be very good for driving sales.

7. Extend your old posts. One of the biggest challenges bloggers are facing that after few months they think it hard to come up with fresh content on regular basis. You can extend your old posts by picking up a question or idea a reader ask in comments, by exploring opposite point of view, by explaining something which was not adequately explained in previous post etc.

8. Find some blog Buddies. Bloggers who work together often last longer and have more success in the building of their blogs. Having your blogging buddy you can: share each other posts with social media and with other bloggers, encourage each other through commenting, share communities, guest post for each other, etc.

9. Don’t Shy, promote your Blog. If you want success of your blog don’t be passive, get out there. Find your target audience and connect with them. Show that you are the expert. Promote your blog wherever you can, whenever you can.

10. Analyze & Follow the Probloggers. Analyze top blogs in your niche, Follow them, see how they write articles, when they write them, how often they are posting, how they style them, what complaints readers are making in their blog comments etc. Don’t necessarily only listen to what they say, but analyze how they say it and why.

11. Join Forum and Social Media Services. Join a forum and social media services like twitter or, if you’ve already joined one, spend 10-15 minutes participating in it. Your forum posts and activity in social media services would bring in dozens of visitors every day. Even if you have various subscribers already.

12. Plan your blogging activity schedule. Make a plan what you have to do i.e. frequency of publishing posts, specific days for some specific posts, specific days for admin, editorial and promotional tasks, a day for readers (for emailing, answering questions etc), specific days to analyze stats etc, So grab a calendar and map out specific tasks that you want to achieve over the next month.

13. Be aware; try to Breaking news in your niche. Bloggers should be aware what is happening in their niche. It gives ideas to you about your new blog posts and if you break some news in your blog it build your credibility very fast. Setup alerts for your blog, for this purpose you can use Google Alerts.

14. Analyze your readers deeply. Do some analysis of what is the first impressions of your blog on your visitors. Analyze where they navigate, where do they click, where do they pause to read, where do they skip over, which keywords they search in your blog etc. For visualizing the user experience on your blog CrazzyEgg is a great tool.

15. Ask questions to your reader. Try to ask some question from your readers in your post, as it is the fantastic way to grow your blog. It gives readers a sense of community and participation, it increases blog stickiness moreover reader answer can fuel future post ideas for your blog.

16. Make active your passive readers. Motivate your readers to go beyond reading and take some kind of action for this purpose ask your reader to write some comments, vote a poll, vote for you social bookmarking sites, persuade reader to subscribe to your feed etc.

17. Promote your readers. Make your readers famous by Choosing one or more of your current readers and do anything to encourage them, shows them that you value them, and highlights them to your other readers. For this you can promote a comment in your post, write some post about their blog, choose reader of the week, invite guest posts etc.

18. Be SEO friendly. While writing your posts take SEO into consideration, Search engines can send you a lot of traffic, allow them for it by changing blog permalinks, title of post and description of your post to include your post keywords in them. Remove broken links. keyword density in your post should not be more than 5%. But remember don’t write your posts just for search engines, readers should be given first priority.

19. Monitor your Blog statistics. Keep an eye on your blog’s statistics and see what you can learn from it. Make sure you have some metric package installed in your blog. Analyze your total visitors, most popular posts, referral sites, traffic sending keywords, bounce rates, visitor’s avg. time on site etc. Google Analytics is the best tool for this kind of information.

20. Be Consistent and Unique. Consistency doesn’t mean you have to publish posts daily on your blog but it means to setup a schedule and publish your post according to this, be aware plans often remain just plans and don’t become reality, so don’t just plan follow it strictly. Moreover content on your blog must be unique duplicate content i.e. posts copied from other blogs, would bring down your Search engine position.

21. Don’t just spend your time online. Success in Blogging takes a lot of hard-work. But it’s not the only thing you have in your life. Learn to enjoy your life, give time to your family, go out and observe what is going on around you, read books, enjoy your weekends. It will improve your energy levels and will keep you and your mind sharp.

Should I Manage My Blog Myself Or Use A Service? – Outsource This Part To Get Best Results

Many people who are just starting to optimize their website read about how a blog can increase their search value and reputation as a trustworthy website. If you have been thinking about starting a blog or currently manage your own blog you may wonder why people would pay for blog services when content can be easily done on your own.

Well, if you have been asking yourself “Should I manage my blog or use a service,” here are three considerations you may want to take into account. They may just convince you that blog management services may be a worthy investment for your company.

Blogs require constant updating

Running your blog is a large time investment because blogs need to be updated every day or at least every other day if you want them to be truly effective. While at first writing a blog each day may not seem too time consuming, over a large period of time it will be quite time consuming and it can get tedious to try and keep up with your blog.

Content needs to be keyword directed

Content does not only have to be fresh, but it also has to be keyword rich if you want your blog to reach its full potential towards increasing your S E O value and traffic. There is a delicate balance between using a keyword too little and using a keyword phrase too much. One tip is to see how often the top three results on Google show up in their content and try to copy that amount, but it can get confusing and make copy writing on your own more difficult if you manage your blog.

Blog design is just as important as the content

Finally, the last component you need to consider when you decide who should manage my blog is the fact that the overall design of your blog is also an effective S E O tool. Your design needs to be properly designed to be attractive as well as utilize any title, headings, and subheadings. It also will need to be tagged for every entry. So you need to consider if you have the design skills and the time to manage all aspects of your blog before taking on the task on your own.

Cisco Ccnp Certification Exam Tutorial: Knowing Radius And Tacacs+ For Your Iscw Exam

As part of your CCNP certification exam studies, particularly for the ISCW exam, you need to be very clear on the differences between TACACS+ and RADIUS.

As a CCNA and future CCNP, you’ve already configured authentication in the form of creating a local database of usernames and passwords for both Telnet access and PPP authentication. This is sometimes called a self-contained AAA deployment, since no external server is involved.

It’s more than likely that you’ll be using a server configured for one of the following security protocols:

TACACS+, a Cisco-proprietary, TCP-based protocol

RADIUS, an open-standard, UDP-based protocol originally developed by the IETF

An obvious question is “If there’s a TACACS+, what about TACACS?” TACACS was the original version of this protocol and is rarely used today.

Before performing AAA Authentication configuration, there are some other TACACS+ / RADIUS differences you should be aware of:

While TACACS+ encrypts the entire packet, RADIUS encrypts only the password in the initial client-server packet.

RADIUS actually combines the authentication and authorization processes, making it very difficult to run one but not the other.

TACACS+ considers Authentication, Authorization, and Accounting to be separate processes. This allows another method of authentication to be used (Kerberos, for example), while still using TACACS+ for authorization and accounting.

RADIUS does not support the Novell Async Services Interface (NASI) protocol, the NetBIOS Frame Protocol Control protocol, X.25 Packet Assembler / Disassembler (PAD), or the AppleTalk Remote Access Protocol (ARA or ARAP). TACACS+ supports all of these.

RADIUS implementations from different vendors may not work well together, or at all.

RADIUS can’t control the authorization level of users, but TACACS+ can.

We’ll discuss the uses of both of these protocols in a future CCNP certification tutorial! Look for more CCNA, CCENT, and CCNP tutorials right here on this same website!

21 Lessons I Have Learned From Darren Rowse

When we talk about “Blogging Tips and Tricks” the first name emerges in our mind is Darren Rowse from Problogger. As you might already know that he had written a book titled “31 Days to Build a Better Blog.” Here is how he described it:

The idea is simple. By the end of this challenge you’ll have learned 31 aspects of blogging and put them into practice. It is designed not only to fill your head with knowledge ABOUT blogging, but also to give you some concrete things to actually DO something with the knowledge.

Basically you had a teaching and a task each day. The teaching would give you the concepts and theory, and the task would force you to take action on what you had just learned. Now without making any preface here are my tips, which I have learned from Darren’s book……

1. Focus on a niche topic. The more you narrow your blog topic, the better it is for your blog’s potential. It is better for your SERP’s and to attract readers and subscribers. A specific blog topic allows you to become an expert in the field and your readers know what to expect from you. It is also easier to monetize a narrow niche. Remember don’t try to be “A Jack of all trades & Master of none.” Try to build unique brand of your blog.

2. Write List Posts. Using lists has always been a popular and effective technique among bloggers.If you look at pages like the front page of Digg and Delicious and you’ll see that much of the hottest content on the web is written in list style. Because lists are scannable, it keeps post succinct, it looks clean, it can be persuasive and comprehensive and it goes viral.

3. Write Link posts Writing posts with the outbound links to other useful resources not only build readership on your blog but it also give something of value to your readers and build your credibility and relationship with other bloggers.

4. Interlink your old blog posts. Try to build this task into your daily posting schedule. if you have a lot of content that you’ve never interlinked before start with the most popular posts. This technique gives opportunity to your readers for further reading and to stay more on your blog.

5. Create a Sneeze page for your Blog. Sneeze page is a page in which you list posts of your blog in some categorized order, it helps you to show off your archives and to promote old posts. Linking to old posts can help grow your search engine ranking.

6. Write Review posts. The Web is increasingly being used by people for research to help make purchasing decisions. You can write a review on a book, any website on your niche, any article from magazine, a tool relevant to your niche etc. You can also use any affiliate link associated with what you are reviewing. A well written and balanced review can be very good for driving sales.

7. Extend your old posts. One of the biggest challenges bloggers are facing that after few months they think it hard to come up with fresh content on regular basis. You can extend your old posts by picking up a question or idea a reader ask in comments, by exploring opposite point of view, by explaining something which was not adequately explained in previous post etc.

8. Find some blog Buddies. Bloggers who work together often last longer and have more success in the building of their blogs. Having your blogging buddy you can: share each other posts with social media and with other bloggers, encourage each other through commenting, share communities, guest post for each other, etc.

9. Don’t Shy, promote your Blog. If you want success of your blog don’t be passive, get out there. Find your target audience and connect with them. Show that you are the expert. Promote your blog wherever you can, whenever you can.

10. Analyze & Follow the Probloggers. Analyze top blogs in your niche, Follow them, see how they write articles, when they write them, how often they are posting, how they style them, what complaints readers are making in their blog comments etc. Don’t necessarily only listen to what they say, but analyze how they say it and why.

11. Join Forum and Social Media Services. Join a forum and social media services like twitter or, if you’ve already joined one, spend 10-15 minutes participating in it. Your forum posts and activity in social media services would bring in dozens of visitors every day. Even if you have various subscribers already.

12. Plan your blogging activity schedule. Make a plan what you have to do i.e. frequency of publishing posts, specific days for some specific posts, specific days for admin, editorial and promotional tasks, a day for readers (for emailing, answering questions etc), specific days to analyze stats etc, So grab a calendar and map out specific tasks that you want to achieve over the next month.

13. Be aware; try to Breaking news in your niche. Bloggers should be aware what is happening in their niche. It gives ideas to you about your new blog posts and if you break some news in your blog it build your credibility very fast. Setup alerts for your blog, for this purpose you can use Google Alerts.

14. Analyze your readers deeply. Do some analysis of what is the first impressions of your blog on your visitors. Analyze where they navigate, where do they click, where do they pause to read, where do they skip over, which keywords they search in your blog etc. For visualizing the user experience on your blog CrazzyEgg is a great tool.

15. Ask questions to your reader. Try to ask some question from your readers in your post, as it is the fantastic way to grow your blog. It gives readers a sense of community and participation, it increases blog stickiness moreover reader answer can fuel future post ideas for your blog.

16. Make active your passive readers. Motivate your readers to go beyond reading and take some kind of action for this purpose ask your reader to write some comments, vote a poll, vote for you social bookmarking sites, persuade reader to subscribe to your feed etc.

17. Promote your readers. Make your readers famous by Choosing one or more of your current readers and do anything to encourage them, shows them that you value them, and highlights them to your other readers. For this you can promote a comment in your post, write some post about their blog, choose reader of the week, invite guest posts etc.

18. Be SEO friendly. While writing your posts take SEO into consideration, Search engines can send you a lot of traffic, allow them for it by changing blog permalinks, title of post and description of your post to include your post keywords in them. Remove broken links. keyword density in your post should not be more than 5%. But remember don’t write your posts just for search engines, readers should be given first priority.

19. Monitor your Blog statistics. Keep an eye on your blog’s statistics and see what you can learn from it. Make sure you have some metric package installed in your blog. Analyze your total visitors, most popular posts, referral sites, traffic sending keywords, bounce rates, visitor’s avg. time on site etc. Google Analytics is the best tool for this kind of information.

20. Be Consistent and Unique. Consistency doesn’t mean you have to publish posts daily on your blog but it means to setup a schedule and publish your post according to this, be aware plans often remain just plans and don’t become reality, so don’t just plan follow it strictly. Moreover content on your blog must be unique duplicate content i.e. posts copied from other blogs, would bring down your Search engine position.

21. Don’t just spend your time online. Success in Blogging takes a lot of hard-work. But it’s not the only thing you have in your life. Learn to enjoy your life, give time to your family, go out and observe what is going on around you, read books, enjoy your weekends. It will improve your energy levels and will keep you and your mind sharp.

Save Moreon Ppv Campaigns And More Conversion Rates

If I could tell you a simple strategy to implement on your PPV campaigns that will make a HUGE impact on your income, would you be interested?

Of course!

So…follow on with this post

You see, what I am referring to is improving your URL targets. As you have noticed, most affiliates use a website’s home page.

They add a URL target that most likely has the same format as these:
google.com
yahoo.com
youtube.com
facebook.com
twitter.com

This kind of URL strategy works, but these are pretty generic ones and a lot of affiliates are doing this. So needless to say you can expect to get more competition. Don’t feel bad, these can still work but if there is a technique that will cost you less moolah, then who won’t go for it, right?

Keeping your targets varied can get you more savings in your campaign budget. Adding a simple alteration to your target URLS is what I mean about making variations of your targets. You can add or remove a period, add spaces or delete spaces and you can also take out the .com in your targets. Examples of these formats would be:

.google.com
you tube
yahoo com
facebookcom
twitter .com

See how simply you can alter them?

Doing this will let you know that you gained more traffic with lesser cost. These variation types often have high quality conversion rates.

Although not all of these variations are going to get traffic on all PPV but it doesn’t hurt if you add as many as you can. You can always delete the ones that are not getting traffic after careful review.

One other VERY important thing that you can do is to go for the other pages within the site. Notice how a website has different links for different pages within the site?

Well… You can use those as part of your variations too. Here is an example:

Homepage: http://www.twitter.com
About page: http://twitter.com/about
Contact us page: http://twitter.com/about/contact
Blog page: http://blog.twitter.com/
Support page: http://support.twitter.com/

The list goes on and on as there are a lot of pages in one whole website. So play around with all the variations that you can do. Who knows, you’ll hit “pay dirt on a variation that can get you tons of sales and super cheap traffic!

Luca Pacioli And Leonardo Davinci – Double Entry Bookkeeping

Luca Pacioli and Leonardo DaVinci –Renaissance men– were both mathematical geniuses. Leonardo was more inclined towards military engineering, while Luca towards abstract and pure math. When Pacioli included “Double Entry Bookkeeping” in his textbook, Summa de Aritmetica, which he published in 1494, little did he know he would change the world.

Gay Couples: Domestic Partnership:

Leonardo DaVinci and a monk named Luca Pacioli–the inventor of Accounting (debits and credits), lived together for many years. Luca’s math textbook contained the basic notions that accountants follow today: Assets equal liabilities plus owner’s equity (A=L + OE). Both being college professors traveled together and stayed together at different universities.

Sigmund Freud-in his study on Leonardo’s homosexuality- ignored this fact. It is a pity because Freud would have brought out factual evidence rather than wild speculations based on his psychoanalytic techniques. Leonardo, being much younger than Luca, has always been described as Luca’s protégé.

Today with time perspective we can understand they probably had a domestic partnership of sorts. In 1495 they lived together in Milan and Venice. Art Historians have well documented that Leonardo was summoned to court to address charges of homosexuality against him. But since the accuser did not show up, the charges were later dropped.

The diagrams and figures one sees in Luca’s Summa were DaVinci’s drawings. They worked together as equal partners rather than the master-apprentice relations of the times.

While Leonardo’s accomplishments have been well chronicled and documented in our times –even Bill Gates couldn’t resist owning Leonardo’s original manuscripts– Luca’s contributions are less known. Like our American composer Aaron Copland, I will play a fanfare for the common man: Luca by his ingenious explanation of Double Entry Bookkeeping system made possible international commerce; opening thus the flood-gates to what today we call “The Global Economy.”

Economic History:
In more than ten thousand years of recorded history, no one in the human race had attempted to keep business records by double entry. The Babylonians, Phoenicians, Persians, Egyptians, Greeks, Romans, and other ancient civilizations recorded their transactions on a cash basis and by a single entry; that is, business people made lists of items purchased and sold.

As a result, businesses remained small enterprises, doomed to remain small since the lack of an orderly system prevented growth. Whether in papyrus, sheep-skins parchments, or bricks, all business records were endless enumerations and catalogues, which offered little discernment into measurements of profit or loss.

Luca Pacioli changed all that.

Yes it was a leap of imagination to design Debits (left side) and credits (right side) as an information system. You write the assets on the left side of the equation, and the claims on those assets on right side.

To think that a humble discovery such as double entry bookkeeping can change the destiny of the human race challenges credibility. But given that double entry allows not only for an orderly classification of accounts, journals, and ledgers, but also for measurements of liquidity and profitability, it isn’t surprising to see that Capitalism bloomed.

One can well imagine Luca and Leonardo discussing symmetries, contrasts, dichotomies, dualities, binary oppositions, polarities, antithesis, and other opposites: “Physical nature exhibits all these dualities: day and night, narrow and wide, fast and slow,” Luca would say, “and human nature shows dualities, too.” Leonardo would reply: “We carry good and evil, love and hatred, in our spirits and bodies–or as Heraclitus loved to say: “the way up is the way down, the narrow and the wide.”

“What about Ecclesiastes, Leonardo, -didn’t he say…? a time to be born and a time to die; a time to plant and a time to uproot?”

The observation of these doubles as a system of knowledge permitted Luca to expand it into the Accounting equation where what is on the left must equal what is on the right side (Assets = Liabilities + Owner’s Equity). Later, accountants realized that another duality was needed: Revenues, which are increases in owner’s equity, and Expenses decreases; the difference being no other than profits or losses.

With debits and credits pretty much established as a system of order, writers such as Descartes, Cervantes, Shakespeare, and Dickens imposed it in literature and philosophy by means of antithesis. Descartes’ cogito ergo sum-I think, therefore I am, is the synthesis of a duality: mind and body. In A Tale of Two Citites Dickens opens his novel with a detailed set of antitheses: “It was the best of times, it was the worst of times, it was the age of wisdom, it was the age of foolishness, it was the epoch of belief, it was the epoch of incredulity, it was the season of Light, it was the season of Darkness…”

Although philosophers such as Hegel and Karl Marx attempted to discard the duality system by replacing it with a triad: thesis, antithesis, synthesis. They failed; and we can understand why: Hegel professed the State’s power, while Marx communism. By now we know the chaotic results of Nazism and Communism.

Accounting in the Global Economy: Improving Mankind
Billions of human beings have populated the earth, mostly living in the shadow of survival and mediocrity, the odd, the strange, and the eccentric are the ones who make the most invaluable contributions to the improvement of the human condition. Pacioli and DaVinci –two eccentrics– did make tangible contributions to mankind.

No longer were businesses confined within frontiers, as banks, financial institutions, entrepreneurs, and corporations, bartered, exchanged, and extracted profits across frontiers. The standardization of Financial Statements followed, so that Balance Sheets, Income Statements, and Cash Flows are read and interpreted without major impediments all over Europe. The Double entry bookkeeping system is a triumph of the mind over the chaotic activities of humans engaged in trade.

Not only did Double Entry brought forth a new economic system, but also the dawn of a new way of thinking: modernity. And modernity dispelled the mists of superstition, monsters, magic, witches, ogres, dwarfs, giants, miracles, chimeras, unicorns, centaurs, sirens, and other impossible figures of the supernatural. The middle ages and feudalism yielded to modern times.

With capital formation in full thrust, the needed capital for factories became available, fostering thereby the advent of the European Industrial Revolution. By 1750 Europe was already industrialized, and by 1860 (after the Civil War) America became an industrial power.

Pacioli’s Legacy to Mankind:
The natural tendency is duality as proved by the Second Law of thermodynamics: order and chaos (enthropy). Though Nature tends to chaos, human nature imposes order; the mind invents patterns of understanding.
In economic systems where Capitalism prevails, businesses –being the major employers– offer medical coverage and retirement plans; man and woman can now enjoy the latest technologies and thereby live longer and in better health.

Luca Pacioli’s legacy –accounting system of double entry– to the business world is order. It contains: Balance, wholeness, and radiance, because his system dovetails with Democracy, with Freedom to the entrepreneur; a system that coincides with Adam Smith’s pillars of capitalism: Laissez-faire (free market economy), competition (Invisible Hand), and the Division of labor (the innate human propensity that creates wealth for all).

This is my fanfare to the common man, the less known and unsung hero–Luca Pacioli.

It Consulting: Identifying Sweet Spot Clients

If you want to make a decent living and have a good, strong, sustainable IT consulting business, sooner or later you are going to come to this conclusion that the sweet spot of small businesses is the place to be.

You need to know where to look and how to verify that the small business you are pursuing is going to be gratifying enough to work with and lucrative enough of recurring revenue to make them a good sweet spot client.

How Do You Recognize a Sweet Spot Client?

Sweet spot IT consulting clients are no more than a 30-50 minute drive of your IT consulting home base. This way you can gets lots of face time with them. You can also get there quickly if there’s an emergency. You don’t want to spend a lot of time driving around and sitting in traffic.

Even if you are charging for travel time or charging a service fee or a van fee, driving time is not your most profitable IT consulting time.

How Do You Find Local Sweet Spot Businesses?

You can certainly rent direct mail lists that are in that geographic range 0-50 miles, or 0-80 kilometers. Or you can join some local organizations that are within a half hour to an hour of your location.

How Big Are The Sweet Spot IT Consulting Clients?

Sweet spot IT consulting clients have from 10-50 computers, 10-100 employees, a million to 10 million in sales. And of course, you can rent direct mail lists with at least part of that criteria filled and selected.

Another big thing to find a sweet spot IT consulting client is that they will have a relationship with a local accounting firm or other trusted business advisors. You want to position your consulting firm to be a trusted business advisor of theirs.

Sweet Spot Businesses are Well Connected

Most of these sweet spot IT consulting clients have relationships with other trusted business advisors on an outsource basis. They have a relationship with a local attorney, a local accounting firm, a local consulting firm a local advertising agency and a graphic designer. They know the value of those kinds of relationships.

If you want to get in with companies that already have great relationships with sweet spot businesses, you should be looking at networking with these businesses, a local accounting firm for example.

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It Consulting: Identifying Sweet Spot Clients

If you want to make a decent living and have a good, strong, sustainable IT consulting business, sooner or later you are going to come to this conclusion that the sweet spot of small businesses is the place to be.

You need to know where to look and how to verify that the small business you are pursuing is going to be gratifying enough to work with and lucrative enough of recurring revenue to make them a good sweet spot client.

How Do You Recognize a Sweet Spot Client?

Sweet spot IT consulting clients are no more than a 30-50 minute drive of your IT consulting home base. This way you can gets lots of face time with them. You can also get there quickly if there’s an emergency. You don’t want to spend a lot of time driving around and sitting in traffic.

Even if you are charging for travel time or charging a service fee or a van fee, driving time is not your most profitable IT consulting time.

How Do You Find Local Sweet Spot Businesses?

You can certainly rent direct mail lists that are in that geographic range 0-50 miles, or 0-80 kilometers. Or you can join some local organizations that are within a half hour to an hour of your location.

How Big Are The Sweet Spot IT Consulting Clients?

Sweet spot IT consulting clients have from 10-50 computers, 10-100 employees, a million to 10 million in sales. And of course, you can rent direct mail lists with at least part of that criteria filled and selected.

Another big thing to find a sweet spot IT consulting client is that they will have a relationship with a local accounting firm or other trusted business advisors. You want to position your consulting firm to be a trusted business advisor of theirs.

Sweet Spot Businesses are Well Connected

Most of these sweet spot IT consulting clients have relationships with other trusted business advisors on an outsource basis. They have a relationship with a local attorney, a local accounting firm, a local consulting firm a local advertising agency and a graphic designer. They know the value of those kinds of relationships.

If you want to get in with companies that already have great relationships with sweet spot businesses, you should be looking at networking with these businesses, a local accounting firm for example.

Copyright MMI-MMVI, Computer Consulting 101 Blog. All Worldwide Rights Reserved. {Attention Publishers: Live hyperlink in author resource box required for copyright compliance}