Categories
Finance

Arnon Dror Talks on the Difference between Financial Management and Accounting

When it comes to running business accountants and finance managers form the pillar of strength. We simply can’t do without them. They are the invisible caretakers of the business without which the financial situation of the company would be in jeopardy. Arnon Dror , Portland that although they are essentially similar in nature and require similar kinds of educational qualification, credentials, and license yet they markedly vary from each other.

More often, we think that employing an accountant will take care of all our financial problems but that is not the case. He or she might be able to sort your finances and helps in running your business yet they will fall short as the financial manager of the company. For this, an added level of expertise is required along with management skills. Therefore, accountants and finance managers are similar but not the same. Here are some points, which will clear the air regarding this confusion and help you in differentiating the two professions.

Financial management deals with the future

Both the profession is related to sorting out finances but at different levels. Accountants primarily work at an individual level and deal with things privately. Their job is to make financial reports and statements, tally the expenditure and the revenue collection, fill in the taxes etc. Thus, it deals with the past financial condition and its present outcome. Finance managers take it to the next level. It is often regarded as the more classified field of accounting. In financial management, the stress is more on the future prospect. The key here is to read between the lines and find new prospects. Read the market trends, get insights from the financial report, and get to know what’s working for the company. Thus, it’s a broader field which ties up the past, present, and future into one string.

Financial management takes care of asset distribution

Arnon Dror says as we all know it, accountants have to follow GAAP, that is, the Generally Accepted Accounting Principles and sort out finances according to it. Finance Managers too have to follow this rulebook but their area of expertise differs markedly. While the accountants manage the company assets and maintain the steady cash inflow along with tracking the finances and making reports, the finance managers take care of the distribution of these assets. How to draw up investors, budgeting, paying up the creditors, analyzing the financial situation, balancing debts – all fall under their jurisdiction. Thus, finance managers have to keep in mind a larger perspective and act accordingly.

Accounting is part of financial management

Lastly, accounting is a part of financial management. Rather financial management is an evolved form of accounting. Accountants work in their personal capacity by sorting out fiancés, reducing expenses; tally the balance sheet, filling the taxes etc. They primarily work as individuals under a person. Finance Management, on the other hand, deals with the overall financial outlook of an organization. These managers work as head of the finance department and manage economic affairs under whose guidance the accountants work.

Categories
Business

How To Be Better Prepared On Move Day

It’s move day and all of your boxes are properly sealed with no information on them and they are still sitting in the rooms where they initially began. You feel like you’re on top of your move day, but the truth is, your day can be much quicker and convenient if you made a few extra preparations before your move day. Quick tips for when you get ready to move yourself include labeling all boxes and totes, placing all items in a single location, and getting help with the larger items from movers.And Yes- for your pets, and to make transporting them easy, get expert
pet transportation help early enough.

Labeling All Boxes And Totes

Make your move day a million times easier by labeling all of your boxes and totes. You don’t have to list what’s in them, but on the outside just make a sticker or piece of tape stating the intended room. I still have about 4 boxes in my bedroom labeled baby clothes that I need to get rid of. It can be way easier if you try to keep similar things together in the boxes, so you’re not searching through twenty boxes labeled bedroom or kitchen. Labels can also help you with placement on the moving truck if you want your items unpacked in a certain order.

Placing All Items In One Location

Piling items up in one room not only makes the move less overwhelming, it helps to make the move go along a lot faster. This is especially important if you are hiring movers. If you are in an upstairs apartment or home, try to move all of your items down to a single floor. Movers tend to charge an initial fee and then a fee per additional hour. You can help keep your costs down by centralizing the items to be relocated.

Get Help With Larger Items From Movers

Large items such as beds, oversized couches, dinning room tables, big screen televisions, and appliances should not be moved on your own. Hire a moving team to get these items relocated in as safe a way as possible. You don’t want to risk getting injured or damaging your belongings. Fancy art and musical instruments are a couple of other things that need the best care and should be handled with the care and help of a mover. If you need to move a piano you should search for piano moving aurora co company for the best solutions.

Conclusion

Getting ready to move is all about being properly prepared. Start packing weeks before your move if possible, so you have time to sort through items and throw things away. We accumulate so much more over the years than what we initially move in with. Your move can be much smoother if you only have to worry about things you actually want and need to keep. When you make your plans to move label all of your boxes, place all items in a single room, and hire movers for help with the larger and more delicate pieces.

Categories
Business

Looking At Your Patient’s Ability To Call You

You are a doctor, and your patients depend on you to give them the best care possible. Part of that is being able to get in touch with you when they are in a nursing, assisted home, or hospice care. You must have a system in place where they can leave a message and get a callback. Of course, it may be after hours, but being able to reach you is important in case their condition changes or they need another prescription of their medication. You will be able to get the message to help your patients get what they need as their primary care provider.

Looking At Call Systems

You need any Home Care 24 Hour Medical Answering service that will get your calls to you. This would be a reliable service that would take your messages and get them to you right away. It does not matter if you are on call or at your private practice. If your patient is in respite or continuous care and needs assistance you will be able to help them. These services are designed to help you deal with those patients that need special care and can not function without it. Some of them have needs where their medicines have to be taken regularly, and you are needed to give the go ahead with getting that prescription taken care of and putting it on automatic refill so that it won’t be an issue again. Plus, if your patients are having issues and are living in a nursing home, someone can get them to you after making an appointment so that they can get the care they need. Having an answering service really takes the load off of your other phone lines, and that allows for everyone needing to reach with the ability to do so.

The Cost Of An Answering System

More than likely you will be billed every month for using the answering system. That means that you could pay anywhere from $250 to $400 a month depending on the number of calls you get. Also, it depends on what you have in terms of a package concerning your call system. They are each priced differently according to what you get. It may be a bit expensive if you add texting to it or a chat service. If you believe that having that give your patients flexibility in reaching you, then go for it. You know best what type of answering service will work for you and should use every available technology at your disposal so that your patients can get what they need. It’s your call as to what you feel works best, and that could get you more business for your practice if your patients see that you care.

Getting an answering system to help you keep in touch with your patients is critical to health and well-being. Whatever system you choose, you must make sure it’s worth your while. Remember that your patients really need you.