Do you need Recovery Audit software?

Accounts payable is the outstanding sums of money owed to and by your organisation. In the course of doing business you will provide products and services to various parties, who will pay you for them. However, payment is not straight away; usually an accepted period of time will pass before the invoices are fulfilled. This may be 30 days, though in some instances it can be two months or more. In other cases just a fortnight is considered acceptable. An accounts payable audit explores what money is due to your company. recovery audit software can be used to investigate the different invoices that are outstanding and find out whether they should be paid (by you), or should already have been paid by clients. One of the most relevant types of overpayment for businesses is duplicate payments, which can arise either accidentally or intentionally through fraud (a company that receives a large number of invoices may not know if a duplicate comes in, and will pay it without checking). Whichever one, you will want to avoid these and other forms of unnecessary overpayment, whilst ensuring that those who owe you money pay it when they should.

Most companies underestimate the financial impact that accounting mistakes cause. If your accounts are in order, you will be paying suppliers on time. However, others may not be treating you with similar courtesy. There will be parties who pay late – perhaps consistently late, or perhaps some have never paid you for certain jobs. Then there are suppliers who have incorrectly invoiced you, or instances where reasonable error has resulted in inaccuracies on an invoice or a copy; invoices typically have many fields of data on them, so this can be a common occurrence.

Studies suggest that perhaps one in a thousand transactions is an overpayment, with duplicate payments being one of the most frequent errors. If your business entails a large volume of transactions, you could be losing substantial sums of money in this way. An accounts payable audit will find out exactly how much account errors are costing you every year. recovery audit software will enable you to get this back, but this is something you should pursue quickly: the more time passes, the lower the chance of reclaiming the money. Additionally, where the errors are a result of fraud, you may need to take legal action – and, at the very least, put in place measures that stop it occurring again.

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School uniforms that can be worn time and again

In the world of business, workers are often grateful if their company provides a staff uniform. No money need be spent on endlessly updating one’s wardrobe in order to keep up with fashion conscious colleagues and no time need be wasted on deciding what to wear each morning – as long as one’s work clothes are washed and smooth we can be out of the house in a flash. These are the simple pleasures that school children do not appreciate: for teenagers in particular school uniforms represent a denial of their right to self-expression, a curb placed on their identity. But this is probably a healthy thing; given that adolescence is a time where young people are still discovering their identity, perhaps it is best that they are allowed to experiment with different looks on the weekends and return to the reassurance of their school clothes in the week. London schoolwear supplier certainly thinks that the compulsory wearing of uniform in UK schools is something to be proud of. What’s more, help social cohesion and help conceal the economic differences on which most of us believe to be a bad basis on which to make friends.

In large families, mothers and fathers tend to be glad if they can send all of their children to the same school dressed in good quality uniforms that will survive being handed down. In recent times this has become easier because flimsy materials that once wore at the knees and elbows have since been exchanged for more durable fabrics. Among these fabrics is a Teflon-coated cotton-polyester mix used for school skirts and trousers and non-bobbling wool employed in the most up to date blazers. Many variations on the white school shirt exist so it is best to check the school rules to see which styles are acceptable and which have been blacklisted. In some schools for example, they prefer the girls to wear fitted styles, while others have strict rules against anything too low-cut. In any case, most of the permitted styles of shirt come in non-iron easy-care cotton which means that time can be saved on making sure your child looks neat.

Shopping for school uniform can be a dull activity, even a real headache when the required sizes are out of stock. But this is less of a problem now that London schoolwear supplier takes orders by email. In fact, school clothes shops need not be visited in person if you know what you’re getting because a direct delivery service has been set up. Buying school uniforms is now simple.

Please visit http://www.uniform4kids.com/ for further info…

Shops For Sale North London … if you move now

In the markets for commercial property, North London is showing signs of heating up. There has been talk of a new property bubble, born out of the ashes of the last, with politicians and senior economists equally eager not to exaggerate the problem. The last boom ended with the credit crunch, that saw values in parts of the capital fall by as much as 50 percent. The low interest rates and quantitative easing brought in to fix this, as well as the weak pound, meant that investment has increased again – and the time scale for new development meant that bottlenecks further increased demand. There has been great interest from outside the UK, with Middle Eastern investors looking for deals here. Shops for sale in North London can be a goldmine in the right hands – either for your own business or to rent out. Shops to let in North London have seen steadily rising rents in recent times. And although this might seem like a problem, it perversely gives rise to new opportunities for those prepared to jump quickly.

The dynamic of ever-increasing rents has not met with unanimous approval. Although it is seen as a sign of an improving economy, the reality on the ground can be quite different. Traders who have worked for years in the same street are seeing their rents rising beyond what they can afford, as the property market speeds ahead of the retail sector of the economy. The result: the price of goods rises, and both shoppers and vendors move online looking for cheaper alternatives. Gaps are appearing once again as traders find it too expensive to stay.

Some sectors are immune from these developments. An eatery or coffee shops for sale in north london have a better chance of making things work – you can’t buy the coffee-drinking experience online. So some shops to rent in North London can resist the trend, whilst others will simply swallow the higher prices and see their margins squeezed (or the difference passed on to customers). The thing to remember is that commercial property London is not a homogeneous picture: different sectors and areas act very differently. The news might be driven by the developments in grade A office space in the Square Mile; the reality on the ground for retail is quite different. Opportunities still exist for buyers and sellers, landlords and tenants; it’s just a question of finding the right shop and timing.

Please visit https://www.claridges-commercial.co.uk

Similarity Attraction Hypothesis: The Problems It Poses for Hotel Jobs in Singapore

The huge boom in Singapore’s economic status – the country now has the world’s fourth-largest volume of financial services transactions despite its tiny population of just five million people – has brought with it an associated boom in hotel building for businesspeople, and therefore in hospitality jobs in Singapore. That means that lots of very good employers and recruiters are hiring lots of people, and are fully aware of the complex market in which they’re attracting and discovering candidates. Good hiring managers are working on long-term, intensive campaigns to recruit the very best local and foreign staff for their busy new hotels and guesthouses.

However, there is a frequent weak spot for people recruiting candidates for hotel jobs in Singapore and in many other booming new markets. That is the interview process. And new psychological studies show that interviewing for hotel jobs in Hong Kong, Singapore, or any other country can be dangerously affected by something called the ‘similarity attraction hypothesis.’

Why is this psychological concept important for recruiters looking to fill hospitality jobs in Singapore? Because it means that managers are not immune to being swayed by small, irrelevant details like the way a candidate looks, or the fact that they come from the same region or share the same sense of humour: things that have no relation to whether or not they have the potential to excel in various hotel jobs in Singapore. As a result, hotel managers might find themselves with an employee who although good fun is lazy, or who despite sharing interests with their co-workers does not have the energy for the fast-paced hospitality jobs in Singapore.

The ‘similarity attraction hypothesis’ is the tendency held by people all over the world to prefer people who look like them. This is the cause of many major social problems within and outside the hospitality industry, like sexism and racism, but can also result in people who don’t really have what it takes filling the best hotel jobs in Hong Kong or other small markets.

Luckily, Asia Caterer can help recruiters to write or redraft interview questions to give real, objective data about a candidate’s personality, work ethic and capabilities. That means they won’t end up recruiting – for example – a team of kitchen staff who are all from the same region as the head chef but don’t represent the best talent available.

Hotel managers find this service incredibly valuable. With a set of properly tailored, proven interview questions, the task of interviewing can be given to any intelligent staff member without worries about the similarity attraction hypothesis – and the hotel jobs in Singapore businesses can be filled by objectively great people.

http://www.asiacaterer.com

Bacs software: speeding up direct debit payments

In the UK, direct debit is the most common method of paying bills, rent, subscriptions or charitable donations. People prefer to use faster, easier methods of payment, and Bacs payments allow the peace of mind which is necessary when it comes to making and receiving payments automatically.

Bacs software automates the processing of direct debit and credit payments. This is not only a benefit for individual members of the public, but also for public service providers such as those handling benefits payments including child benefits, job-seekers and disability benefits. Charities also need to process a large number of incoming direct debit payments from donations, which can be processed most securely using Bacs.PLC companies that need to deal with incoming direct debits have a legal responsibility to enable the use of Bacs software, as it is a reliable, secure and streamlined method of receiving payment. Bacs as a term refers to Bankers’ Automated Clearing Services, owned by a group of UK institutions, including all of the major high street banks, which is in control of the payment system.

Some smaller companies can manage handling payments manually, but human error can make the payments unreliable and vulnerable to fraud. Accounts payable staff always welcome the help of automated systems to make their jobs easier and simpler. Bigger companies particularly can have a big amount of direct debit payments to process at any time, and so automated Bacs software can be necessary to ensure the smooth and secure running of the accounts payable department.

Businesses have a need for using Bacs payments not only for incoming payments, but also for direct debits of staff salaries and setting up their own direct debit payments to service providers. These service providers can range from basic, everyday needs of any business operating within a building, such as electricity companies, heating and water suppliers, to regular suppliers of products or services, such as outside catering, maintenance or repair companies, which are paid using direct debit and are vital to ensure the smooth running of a business.

Safety is the most important aspect of making and receiving payments, whether you are an individual, charity, government organization or public company. Using automated Bacs payments is safe and secure, especially when taken care of by outside software solution providers, who are experts in the field of processing direct debit payments, especially across countries or territories.

Please visit http://www.bottomline.co.uk/ for further information about this topic.

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Could invoice processing improve your accounts?

Document management is still a relatively little-known thing, but one that has the potential to transform the work place. In an age in which the paperless office is a rarely-achieved ideal, the suite of technologies known as document processing (and the accounts department special case, invoice processing) can actually make this a reality.

Document management systems are amazingly effective collaboration tools. They allow groups to store, exchange, modify and keep track of documents. There are also facilities to track the changes made and record various versions of documents. This allows many people to work on the same project, saving it centrally without the need for many different versions or fragments that ultimately have to be standardised and put together as a full product.

If you have paper documents, as most companies do, then there is obviously a gap between that state of affairs and the entirely online version to which you may aspire. Simply, it is tough to work across the two – sometimes having to deal with physical letters, memos and documents and sometimes with virtual ones. This is where document processing comes in. It is a set of technologies that changes physical documents to their electronic equivalents. Some of the most rudimentary (and therefore cheapest) of these technologies involve merely scanning-to-PDF: creating an image or other file out of a written document. However, at its most advanced it is possible to turn handwritten notes into editable files, like any other office document. These can then be placed into your document management system and treated like any other electronic document.

Document management and the document processing that makes bridging the divide between ‘real’ and virtual possible are therefore extremely helpful technologies. Invoice processing applies this to your accounts department, allowing you to turn physical invoices into electronic ones. This is critical, since many suppliers and organisations will still submit paper invoices, and these can easily be treated differently to the ones you receive electronically. They can get forgotten or mislaid, with implications for your relationships with your suppliers and for your reputation. If you are aiming for a paperless office, whether for financial or environmental reasons, then this is an effective way to help bring that about. The solution you opt for will depend upon the nature of your organisation and its needs, as well as its budget, but the range of alternatives available means there is something for everyone.

Please visit http://www.bottomline.co.uk/ for further information about this topic.

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Bacs software saves time and cash

bacs is a catch-all term that describes a number of different types of electronic payment. Bacs payments will generally be a direct debit or credit. In the past bacs software was also used for payments over the internet via online banking and over the phone. However, since 2007 the Faster Payments Service (FPS) has overtaken these, since it is nearly instantaneous (whereas bacs takes three working days).

Bacs is generally still the default for many kinds of regular payments, such as pay cheques and utility bills. The process is extremely secure, with many different means of security built into it. Additionally, there is the peace of mind that you will be given a full refund in the unlikely case that you are a victim of fraud.

For companies there are multiple benefits to using bacs, instead of working with more ‘traditional’ methods of paying employees and suppliers – such as cash and cheque. Security is obviously one of these. It is no longer necessary to keep large quantities of money on the premises, thereby reducing risk as well as the insurance payments you would have to keep up to protect you from theft. Reliability is another; bacs payments leave your account on the specified date and arrive in the payee’s account three working days later. (Should you need a faster transfer there are other options, such as FPS or CHAPS, which incurs a fee.)

This also streamlines accounting processes, since it makes for very predictable outgoings. You know exactly when and how much money will be leaving your account – and, if you are paid by bacs, you will have a fair idea of when money will come in. Bacs can also be integrated with many accounts packages, helping you to spend less time on your finances and get on with what really matters for your work.

Bacs software is supplied by different companies, each of which will need to meet rigorous criteria. As well as providing the required hardware and enabling you to make bacs payments, most should offer some form of training to help you make the most of your new bacs capabilities – thus saving you time and money as well as decreasing the risk of fraud to your business. As fewer and fewer businesses still use cash and cheques for their major transactions, there are more and more benefits to be enjoyed by moving to a system of electronic payments.

Please visit http://www.bottomline.co.uk/ for further information about this topic.

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Invoice processing that lets you know where you stand with your budget

Up until the 1980s document management was better known as filing. Vast cabinets and drawers were filled with paperwork and other age-old material awaiting dust, disintegration and maybe eventual disposal. In some cases, such as library and museum collections, much of this sort of physical material is highly regarded; relevant for future generations of students and historians or delicate to the extent that it would be unsafe to scan. Much of this material, however, is less precious, at least in cultural heritage terms. And much of it will still be in a state that will certainly survive computerisation through scanning. And once physical documents have been scanned they are just so much easier to process. In fact, document processing in this day and age can for the most part totally bypass the printer; it can all be done through computer management processes that create less daily waste and help keep offices in tip top shape. invoice processing is almost certainly a job that can be done paper free. Clients will be glad of this; it means that their payments can be made and received quickly and in a totally transparent fashion.

Knowing how to manage documents properly is a skill of utmost relevance to almost everyone in employment and in particular those who run businesses. From the independent lone businessman to the multinational corporation, few companies can afford and certainly do not desire to waste time and money. For the freelancer, who can only take on the amount of work they have time for, and will not want to spend as much time making out invoices and storing data as they must dedicate for the task in hand, this would clearly be a false economy. As such, a document management system can be put in place, whereby computer files are suitably labelled according to their subject matter and date. At the other end of the range, a multinational corporation will have huge volumes of data and money incoming and outgoing daily. Balancing the books in this instance is therefore fundamental even for outwardly successful companies to ensure they stay afloat: if outgoings are delayed a false impression could be given of one’s profits and business could easily slide into decline.

Small and medium-sized businesses ensure their long-term endurance by building superior relationships with their customers, many of whom will trust them with secret information. From banking details needed for invoice processing, to health records requiring careful document management, client data must be safely saved and easy to retrieve. Good document processing practice will ensure information stays safe.

Please visit http://www.bottomline.co.uk/ for further information about this topic.

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Make the most of your nearby coach hire London

When organising a trip or event involving more people than will fit in a car, turn to coach hire london for an easy solution. The option of minibus hire makes sure that even if your group is small, there will be a vehicle suitable for you. What is more, choosing a luxury coach hire service will make your event or trip that little bit more special.

If a trip or event creates a good deal of travelling for a significant number of people, then choosing to travel by coach will make a potentially dull journey pleasant. Firstly, travelling by coach means you can leave the driving safely in the hands of a CPC (Certificate of Professional Competence) certified driver, often trained at in-house facilities and given an enhanced CRB check. Not only this, but a good coach hire service will have maintenance staff on duty for twenty-four hours in case of need. Therefore you can relax and enjoy the company of your friends.

Secondly, your trip by coach will benefit from on-board facilities such as air conditioning – so you are comfortable whatever the weather – drinks machines, sound systems and TV screens. Why travel any other way when these luxuries are available – and for an economic price too?

Thirdly, compared to other forms of travel, coach journeys have many advantages. Unlike trains or buses, a coach hire service does not have a inflexible timetable, and will wait until all passengers have boarded. Coach hire works out much more cheaply than taxi fares, especially when there is a large group of people travelling. When it comes to travel abroad, a coach may be preferable to flying because it takes out the hassle of arranging travel links each side of the airport. For door-to-door service, coach travel is peerless.

Finally, you can rest assured that safety is the foremost concern for luxury coach hire operators, who carry out risk assessments for all operational activities. Furthermore, a policy of ongoing investment in vehicles maintains an up-to-date, high quality, modernised fleet. coach hire london is helpfully positioned in the very heart of the country, perfect for your requirements however long or short, near or far your trip. Even if you’re a group of five or six friends who want to go out on the town without worrying about driving home, minibus hire is the answer. Travel by coach for a journey that’s about more than getting from A to B.

Please visit http://www.goldenboy.co.uk/ for further information about this topic.

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Bacs software to optimise safety and efficiency

Whether your company operates in the private, not for profit or the public sector, the chances are its payments systems need streamlining. Indeed, where such different areas of work come together is in the simple fact of their need to make and receive payments. As of 1961, when Dennis Gladwell invented the Inter-Bank Computer Bureau, the way in which the payments process is undertaken has been nigh-on revolutionised. More efficient than any previous method of administrating incoming and outgoing sums, Gladwell’s invention later became known as bacs, (an abbreviation of ‘Bankers’ Automated Clearing Services’ that has now evolved into ‘Bacs Payment Schemes Limited’). It goes without saying, the speed with which BACs payments can be processed is impressive and has undoubtedly helped us see the death of the cheque: direct debits and credits that use BACs take only three working days to clear. We may recently have come into an era in which instant transfers can be set up for moving money from one online account to another but because this way of operating is impractical and costly for businesses to take up BACs payments and BACs software still represent the working scheme of choice.

BACs is just as relevant for businesses to know about as the details of BACs payments in themselves. While BACs’ efficiency is guaranteed, BACs software adds that additional level of security that consists of protecting financial data and the personal data of a company’s employees and clients. Using the software can also bring with it the benefit of setting up a kind of financial calendar in which dates are matched with information regarding which payments need to be made each day and to whom. A piece of software that wields such organising influence really is worth buying: it will help secure the long term success and reputation of a business because BACs software helps prevent delays by submitting payments at the right time and place.

Payments software can be of particular benefit to small or young businesses who cannot afford the luxury of employing an accounts team. Beyond this, the software can often be more accurate and efficient than your average accountant so investing here leads to a win-win situation. Altogether, learning more about BACs payments and BACs software will ensure the long term goals of your company are met as far as possible. Electronic bacs assistance removes many stressful administrative processes.

Please visit http://www.bottomline.co.uk/ for further information about this topic.

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