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Optimizing Financial Management And Accounting in Franchising.

The Achilles heel of many franchises is in failing to adequately control their economic resources. One problem that consulting franchises are leading our country. They relying on Datis, the company for excellence in manufacturing and marketing of ERP software, for all the brands they so desire shall serve of your computer system and monetize this business. And is that franchises often, by the volume growth that reach, make them leave their accounts and rosaries. “It’s very common for the control of resources and decision-making franchises or Maximize not optimize as it should. This is because they are not used properly resourced. Now thanks to the collaboration agreement reached with Datis succeed in ending this handicap, “said Mariano Alonso, Associate Director General of the society. “The series 64 an ERP system that lets you know how long it should invest in terms of when they will need or do the calculations to see what financial asset is the most profitable so we can “.

An agreement concluded with satisfaction from Datis. “Being able to join with mundoFranquicia consulting a tool tailored for we are proud franchise,” said Isabel Ballestero, Commercial Director of Datis. “One of the main risks of ICT-based automation control only in the commercial and TPV is that it performs a control of the business based solely on sales and procurement costs of the centers, forgetting the control of many other areas that have a significant impact on the profitability of business, “he adds.

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Accounting History Accountablility

The accounting entries differ from the outset in order to adapt to two fundamental goals: first, to satisfy the obligation of actors and factors accountable to their principal about property management and property entrusted to their care, and second, to monitor overall progress own businesses or activities. Although many points of contact and overlap both ends gave rise to two different systems of accounting records, with especificasComun characteristics and the two kinds of records was, in principle, the bilateral character of the notes, which they considered merely the relationship between two people, the owner of the books and a third. But while the first system was maintained in this bilateral approach, the second was evolving in search of an increasing degree of integration, multilateralism, till entries covering all operations of the owner of the books, offering a complete and interrelated of their business. Accounting History now includes not only the study of the evolution of accounting techniques, but also the organization and management techniques and corporate control, forming a whole with the instrumented accounting organization and the operations reflected in the records of cuentas.La accounting history begins to contextualize and interest to scholars outside the accounting profession. Moreover, one begins to study the role of accounting in the configuration of the environment. In particular, attention is paid to the role of double entry, along with other innovations such as interactive factor in the profound transformations in the field of commercial organization. These changes are by their importance, what has been called the Commercial Revolution.

This revolution was a profound renewal in the ways, habits, techniques and ways of understanding and practice of business, marking a milestone in economic history, not only by the extraordinary rise experienced by the transactions, but substantially and, above all, by the profound and revolutionary changes experienced, they brought the transformation of the small domestic capital. The "new accounting history" is not actually a school or a single body of doctrine, but a diverse set of approaches and ways of understanding the discipline that often show significant differences between them. But in any event, the fact is that their supporters share common ideas and trends that make this set of approaches and approaches are distinct from traditional forms in the history of accounting had been understood and practiced. It s two main features of the 'new accounting history "regarding the" traditional "are probably the following: First, the loss of faith in the possibility of achieving objectivity in the study and description of the historical facts.

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Accounting Historians

Our profession has no doubt achieved great goals. However, there are still challenges to overcome. Accountants must keep in mind that the “Norms of Financial Information” (i.e. NIF) overturn the work of the profession to the preparation of useful information for decision making. This is where the problems begin. When you finish work, that is, when delivering the balance or financial statements each month and the Director or owner of the company simply not use them, they are indirectly saying that their work is not useful to the company. This happens to 99.9% of accountants and is primarily due to two issues: 1 .- deliver information outside of time what the Accounting Historians becomes what has already happened. 2 .- The information I give is not helpful to anyone even if they do so with every opportunity. The first issue has a solution.

Simply work more hours and deliver information in real time. The second issue is more complex in its analysis and we must ask: yQue such quality is the information that you give to the employer to take appropriate decisions? If the information reported has not incorporated the new NIF, the information will not be helpful to the employer. If for example the information that you join has no built-in quantification of labor liabilities (NIF D-3), or the determination of deferred tax (NIF D-4) or if the deterioration of long-lived assets, assets in the condition of discontinuity or available for sale ( NIF C-1), the information simply will not help anyone. In the last three years, the CINIF has published a total of 19 New NIF, this is approximately 50% of the rules in force for 2007. Because both know and use? Transform the professional perspective by becoming providers of useful information. Let us be active agents in decision making and not simply the story of what happened or did happen in the company. “Norms of Financial Information”

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Securities Management

In other words, give a humanized basic strategic goal of the company, which is, of course, survive by obtaining the maximum economic benefits. In fact, the Securities Management becomes a kind of comprehensive framework for continually designing corporate culture, so as to generate collective commitments for new and exciting projects. If you want a high quality professional performance, the qualitative factors or values such as confidence, creativity, honesty and beauty are as important as qualitative rather than traditional economic concepts, such as efficiency or return on investment is currently in Venezuela there are more organizations that are striving for transparency as a tool for democratization and social mobilization, companies have as one of the foundations of corporate ethics: No solid values to be courting disaster. With strong values, companies can face the international markets, but of course, some people get over the ethics and values financial performance, but do not realize that corporate ethics can become a source of competitive advantage because through it you can attract customers and staff class. Only with ethics, the moral commitment to be played by human resource manager and can be ended so entrenched corrupt practices in the country for several decades to destroy the value and harm the economy and society, if it weighs more organizational culture with common values (rather than codes or rules) to serve as the path of individuals within organizations, then it could provide additional ethical components in an enterprise. If we take into account and we rely on human capital which is one of the key business assets and become aware that people have value in themselves, that they should be respected and which can not be treated as a means but as an end, have taken the first step to justify ethically the institutions and this is an area that still needed to strengthen in most companies in the country.

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The Economic Crisis

With the emerging crisis of enormous desire retraining in many executives and company directors and financial. This indicates the increase in enrollment in master of business management courses and similar specialties in Europe. As if they accepted they were not quite prepared. But do not fall that short. We still have to see them recognize the incompetence and corporate and financial irresponsibility, key factor in generating the crisis, in addition to the obscene and unbridled greed foul play. In Spain, and other payments from the old Europe, resulting in unemployment crisis. Next, the entrepreneurial class and calls on governments financial flexibility in the labor market as the best answer to unemployment.

We fear that in other continents as you breathe. Other great leaders, including Santie Botha, offer their opinions as well. Flexibility is a euphemism for an old dream business: free dismissal, wage freeze and other social checkouts. Combat unemployment, destroying jobs. The truth is that there has been incompetence, gross incompetence and ineptitude in broad sectors of business and global financial. More grave irresponsibility. Those AIG executives celebrate the company’s multi-billion-dollar bailout of federal money from a weekend in full swing on a sunny Californian super luxury hotel which cost hundreds of thousands of dollars! Luxury, extravagance and inability to characterize much of financiers and entrepreneurs. But the financial and business class repeats request salary reductions, layoffs free … as infallible recipe. If we look at the background (with reference to Spain as the archetype of the crisis), financial and business class should look at the beam in our own eye and not the speck in others.

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Undertake Financial Freedom

At present there is a low demand for labor, so that people who come to have a secure job are very few, most have found employment on a tightrope. This allows companies to require their employees each time more, the jobs are, require overtime without pay, we impose an increase in the activities of the contracts we signed the log, requirements to achieve sales goals or excessive productivity , which are tied to our salary in the form of commissions. For all that our family relationships, emotional and social decline dramatically, it is common that children see their parents, only at night, that father figures are the grandparents and maybe remind their parents only by photographs. An alternative to this situation is to work independently as an external personnel for other companies, this gives us the freedom to manage our time the way we want, but we have a great disadvantage. If we want more money, we have to work much more, this becomes a vicious circle, leading, ultimately working even more than in a traditional employment.

We all dream of being entrepreneurs, to be masters of our own time, with no one to give us orders, open and close our business as we want. Nevertheless, this reality is very similar to that of the self-employed, because now all the responsibility of the business fall on our hands, because we have the idea of "If you want something done right, you have to do it yourself," what will bring us as therefore work harder and have more responsibilities. What confronts us in his book Robert Kiyosaki "Rich Dad, Poor Dad" is that all must take responsibility in managing our finances, we must be aware of two very important terms that are Active and Passive. He explains in a simple and unmixed accounting definitions: An asset "is something that puts money in your pocket." Here is an example. When we buy a house, it becomes a liability, Why?, Well we will generate costs, such as payment of farm, remodels that we make, etc.

In contrast, if the rent we will generate an extra income without the need for us to work on it, which we obtained an asset. A Passive "is something that takes money out of your pocket." For example: Plasma screen that we just bought, if we need money and want to sell, we always offer less than what we pay for it, by the use which we gave, so their value will always down. In the example of an asset, we realize we need an effort to buy the house, but the benefit we saw at the time that we began to rent, because we are already enjoying the fruits of our efforts. Therefore, our primary objective now should be 'Increase Column Our Assets. "

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Financial Representative

A benefit period is how long the beneficial disability income is going to be paid. Since you can not anticipate when an injury or illness is going to attack, you can not anticipate how long is going to be out of work. Many financial experts recommend that you buy a policy covering their income to 65 years old, an age when you typically begin to draw your retirement income. An elimination period is the length of time you should wait before your disability benefit begins paying your income. The duration is typically a time for disposal is 90 days to 120 days. This brings the same financial cost to any other insurance policy, the higher deductible, or the most you can expect before receiving a benefit, the lower the premium. Click Sotheby’s Art Auction to learn more.

A clause COLA (cost of living adjustment), this is a feature that automatically increases your disability income benefits so often that its profit is on par with inflation. For example: $ 1,000 per month meant much more in the 1970s than it was in the 1980s and 1990s. If you buy a policy now, replacing your current income, this clause is going to be that any amount of benefit paid to you is worth something when you actually get to be disabled in future years. There are several different options and benefits to choose from when you decide to supplement their earnings potential with a policy of disability income insurance. Knowing several features and benefits you are entitled, against the features and benefits you can choose from an individual policy can greatly improve the quality of service and life, if one day you will have to have the experience of an accident disease or to complications of childbirth or sports injury. It also has to ensure its Office of the State Security to determine a strong company in particular to pay their claims in a timely manner and complaints. (* This article is intended for the purpose of information only, and should not replace discussing your individual needs with Local Insurance Agent or Financial Representative)