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How to Improve Your
Cash Flow
Making a Business Plan
Business
planning is most effective when it is an ongoing process. It will allow you
to act more quickly where and when necessary, rather in reacting to events
after they have already happened.
Here is a
typical business-planning cycle for your review:
1. Review your current performance against last year/current year
targets.
2. Work out your opportunities and threats.
3. Analyze your successes and failures during the previous year.
4. Look at your key objectives for the coming year and change or
re-establish your longer-term planning.
5. Identify and refine the resource implications of your review and
build a budget.
6. Define the new financial year's profit-and-loss and balance sheet
targets.
7. Conclude the plan.
8. Review it regularly - for example, on a monthly basis - by
monitoring performance, reviewing progress and achieving objectives.
9. Go back to 1.
Click the
following link to enroll now:
https://efile.aatrix.com/
Easy
Card Processing for Sage BusinessWorks with Sage Payments by
Easy Card
Processing
Easy Card
Processing (ECP) for Sage BusinessWorks (BW), allows you to apply credit
card payments and Electronic Checks to your customer invoices in an easy to
use software. ECP is the conduit between Sage Payments and Sage
BusinessWorks. Here’s how it works: You enter the payment, deposit or credit
in ECP. ECP then sends the request to Sage Payments and once approved
updates the Costumers account in Sage BusinessWorks. Payments can be applied
to a single invoice or multiple invoices at the same time. You can do this
either by an individual customer or a group of customers. (By invoice date
range and invoice number).
The
ECP solution is faster, easier and increases your productivity for
processing credit card transactions. It simplifies your current business
processes. No more need to have the card machine clustering space on your
desk or separately entering the transactions through a web site. No need to
repeat keying in numbers or make mistakes. ECP does it all for you.
Post
multiple payments in a single batch using the invoice date and optionally
invoice number. This feature alone will save the user hours of repetitive
steps.
ECP is
compatible with BusinessWorks versions 6, 7 and 8 and with Windows XP SP1
and SP2, Windows 2003 and Windows Vista. The target market is any
BusinessWorks customer that uses or wants to use credit card transactions.
Currently ECP is priced starting at $795, site license version. Reseller
cost is $595. Multiple company versions will be available shortly.
Additional years support, single user is $250.
ECP
is developed by Ansin Technology, a technology company dedicated to creating
intelligent software solutions with successful business results.
Visit:
Sage Payment Solutions - Credit Card Processing &
Electronic Payment Processing Solutions
Sage
MAS 90/200
How to Improve Your
Cash Flow
Sage MAS
90 and 200 4.3 Delivers Endless Value
We're excited to announce that the newest
Sage MAS 90 and Sage MAS 200 ERP system, version 4.3, is here. There are many
new enhancements, paperless office capabilities, business intelligence features,
usability improvements, and other features included in v4.3. Now's the time to
upgrade. Sage Software has counted 1,468 new ways that customers can use v4.3!
Move up to v4.3 and go green with Paperless
Office functionality
• Save
paper, toner, and postage costs
•
Improve
communications
• Conserve
office space otherwise used for storage
•
Reduce
the time spent finding archived documents
New Federal and State eFiling and Reporting
provides you with over 250 forms, and enables functionality that streamlines
reporting on:
• W2's
• 1099's
•
Unemployment
•
Withholding
• New-Hire
• Payment
Voucher
Direct Deposit simplifies payroll
processing
(for an additional fee) and enhances paycheck security!
•
Electronically routes to the specified financial institution
• Conforms
to NACHA standards
• Provides
convenient and secure payroll disbursements to employees
•
Employee
self-service viewer
With New Business Insights Explorer views
and charting functionality
you can:
•
Do
inquiries and analyze their business
• Utilize
75 pre-designed views across: GL, AP, IM, PO, SO, and AR
• Trend
activities and results using new pie, line, bar, or area charts
• Distribute meaningful information internally to key personnel and externally
to customers and vendors
An improved
Business Insights Dashboard
provides quick accesses to key information right on your desktop, without having
to wait for a report to be sent.
Now with
more integration features, purchasing agents using
v4.3 Fixed Assets
will be able to assign an asset template during Purchase Order Entry for any
item bought as a fixed asset. When receiving personnel processes that item, v4.3
automatically creates an asset during Receipt of Goods with Invoice for the new
purchases -- without making any additional entries.
And that's not all! Sage Software incorporated many
customer-requested enhancements. For example:
•
Simplify
report selection with straightforward terms such as yesterday, today,
tomorrow, etc.
•
Return
to the report selection screen after previewing and printing.
•
Reduce
the time spent selecting report criteria -- view on one screen and utilize
smart selection.
Print
standard reports and forms automatically on your default printer, regardless of
who saved the report.
See the Pre-Release guide
for 4.3
Sage FAS Customers!
In Response to the Economic Stimulus Act of 2008, FAS Asset Accounting's
Latest Service Upgrade Enables Them to Receive Immediate U.S. Federal Tax
Benefits in 2008!
The 2008.1.1 service update enables qualifying customers to:
•
Choose 50% bonus depreciation (IRS tax provision Section 168(k)) on most types of property with a recovery period of 20
years or less, such as machinery, equipment, computers, furniture, and fixtures.
• Almost double the limit for fully expensing qualified assets placed in service in 2008 (IRS tax provision Section 179), from
$128,000 to $250,000, with overall investment limit increasing to $800,000.
Visit
www.sagefas.com/update now and download
the latest
Sage FAS update!
RAD Associates
Want to lower the true cost of ownership on your business equipment? Here’s
how:
Business Equipment
Business owners who acquire
equipment for their business: machinery, computers, and other tangible
goods, usually prefer to deduct the cost in a single tax year, rather than a
little at a time over a number of years. This deduction is known by its
section in the tax code, a Section 179 deduction.
Under Section 179, businesses that spend less than $800,000 a year on
qualified equipment, can write off up to $250,000 in 2008. The rules are
designed for small companies, so the $250,000 deduction phases out when a
business purchases more than $800,000 in one year. (Companies cannot write
off more than their taxable income).
Benefits of a Non-Tax/Capital Lease
The benefit of a Non-Tax/Capital Lease is that it can take advantage of
Section 179: expense up to $250,000 if the equipment is put in use in 2008.
In addition, you may depreciate any excess on the depreciation schedule for
that asset. Examples of Non-Tax/Capital Leases include a $1.00 Buyout Lease,
an Equipment Finance Agreement (EFA), and a 10% Purchase Upon Termination
(PUT) Lease. Example Calculation: Assume you finance $300,000 worth of
business equipment, put it in use in 2008, and take advantage of Section
179. Your
tax savings
could be
significant:
Tax Savings Example - Section 179 Deduction
Cost of Equipment:
$300,000.00
Section 179 Deduction:
$250,000.00
50% Bonus Depreciation:
$ 25,000.00
Regular First Year Depreciation Deduction:
$ 5,000.00
Total First Year Deduction:
$280,000.00
Cash Savings on your
Equipment Purchase: $ 98,000.00
(Assuming a 35% Tax Bracket)
Lowered Cost of Equipment after Tax Savings $202,000.00
Tax Code Section 179 & Election to Expense Detail
The election, which is made on
Form 4562, is for the tax year the property was placed in service or an
amended return filed within the time prescribed by law. The total cost of
property that may be expensed for any tax year cannot exceed the total
amount of taxable income during the tax year. Section 179 property is
property that you acquire by purchase for use in the active conduct of your
business. To ensure property qualifies, reference Publication 946.
This expense deduction is provided for taxpayers (other than
estates, trusts or certain non-corporate lessors) who elect to treat the
cost of qualifying property as an expense rather than a capital expenditure.
Under Section 179, equipment purchases, up to the amount approved for a
given year, can be expensed (deducted from taxable income) if installed by
December 31st. Non-Tax leases qualify for this deduction in their year of
inception. Any excess above the expensed amount can be depreciated depending
on the equipment type. Not all states follow federal law. Contact your tax
advisor for further detail or visit www.irs.gov for specific detail.
F urther
Detail
Reminder: to take advantage of the 2008 tax incentives, your business
equipment must be put in use by year-end. Each company should contact their
tax advisor to learn about the specific impact to your business.
This is only good through
the end of 2008. Unless Congress extends this, the Tax Code 179 depreciation
will go back to $125,000 with the limit of $500,000.
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