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Accounts Payable Audit Will Be A Cost-Saving Exercise

Most small and medium-sized companies deal with a wide range of customers, suppliers and employees. What this means is that many thousands of transactions could be happening every month, with money coming in and going out as invoices are paid and obligations met. Each one of those is a source of potential error, which is why an accounts payable audit can show up some surprising results. There are more than a dozen different kinds of overpayment or mistaken payment than can happen, one of the most common of which are duplicate payments – put simply, when an invoice is paid twice. This, and other types of overpayment, can occur through accident or fraud. If an audit turns up a significant amount of expenditure due to these unnecessary payments – as it almost certainly will – then recovery audit software enables you to regain the lost money.

It is only natural that mistakes will occur with such a complex and wide-ranging accounting system. Human error explains a lot of it: assuming that your payments are processed manually, your accounts team can easily process an invoice twice, or make other mistakes. This is practically unavoidable. Even if it could be addressed, you are not responsible for the invoices sent by your suppliers. They may not be as scrupulous, and some may even be dishonest, realising that they can slip errors past your accounts department that work in their favour.

This may seem like an unusual occurrence, but the fact is that the average SME could be processing thousands of payments or more every single month. Even if a small proportion of these are problematic, the result is cumulative and can be significant. Remember, turnover is not the same as profit. Some estimates suggest that between 0.1 and 0.5 percent of turnover is lost due to duplicate payments and other mistakes. If your company is already struggling then this could make all the difference between sinking and swimming. That’s where the accounts payable audit comes in, locating all of those instances in which overpayments have been made, this month and in the past. Then recovery audit software allows you to chase up those suppliers and other parties who have received more than their due from you. In most cases the explanation will simply be that it was a mistake. In a small minority, though, it could be down to fraud, in which case you may want to take legal action, or at least cease doing business with them.

Please visit https://www.fiscaltec.com/

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Shops To Rent in North London Bring New Opportunities

Shops to let in North London have, like all commercial property London, suffered in recent years. The credit crunch and following recession hit properties hard in capitals across the world. In many of these, prices have still not recovered. In London, however, the picture is rather different. Commercial property took a real hammering as the economy nosedived, and prime office space in particular was badly hit. That meant a couple of things. Firstly, yields rose quite markedly as sale prices fell but rental prices dropped less sharply. Secondly, there were significant opportunities for outside investors who recognised a bargain when they saw one – which is what happened a while afterwards. The relative strength of the Euro against the pound meant that investors on the continent (as well as further afield) made the most of the depressed prices. Whether it was a high-rise development in the Square Mile or a shop for sale in London, it could be seem as a potentially lucrative buy.

This dynamic led to a strong bounce back in property prices in the capital. This was supported by a relative dearth of fresh development. As the long-awaited recovery appears on the horizon – subject to further shocks from the Eurozone – the bottleneck this will cause is expected to push prices even higher once again. Things in London aren’t exactly ‘business as usual’ but the picture there is far better than in other regions of the country, which helps as well. The GDP figures that the nation awaits from quarter to quarter are not a reliable local indication, since they are not uniform; London and the southeast, in particular, are in a much stronger position economically than elsewhere.

Shops to rent in North London can consequently be seen as an investment opportunity. Property has fallen from grace as an investment in recent times, being blamed as a key strand of the global economic problems that are still working themselves out. Commercial property London doesn’t play by quite the same rules as property elsewhere – office space, industrial, retail or otherwise. This means that, assuming you’re able to be in it for the immediate future, you can expect to make a profit on your purchase. A shop for sale in London might not have the prestige of a skyscraper on Canary Wharf, but with a little research you could find it bringing the same kind of return on investment.

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

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Hotel Jobs Gulf in which native English speakers are highly thought of

Many people deride jobs in catering, hospitality and the service industry on the grounds that they represent unskilled employment and offer little in the way of career progression for the ambitious. Such pessimists forget, however, that the service industry is a large and varied sector and that many a young and older professional takes pride in working for restaurateurs, hotel guests and business clients, among others. Indeed, those who term catering a dead-end career choice probably have little or no first hand experience of hospitality jobs and almost certainly will not have considered hospitality jobs Singapore. That’s right – while many of us don’t even consider the job opportunities available to us beyond our home territory, the far East is just one of several places where the job market is opening up considerably for those well versed in the business of catering. Hotel jobs Dubai and hotel jobs gulf are actually part of a burgeoning domain at this moment in time where the world is expanding, borders are opening up and power is slowly shifting from West to East.

Those who have always taken pleasure in their jobs in catering but who have also long nurtured the desire to travel would be well advised to think about their chances of employment abroad. Many times people used to staying at home for long periods of time will be surprised that relatively little is stopping them from embarking on a journey to find job opportunities and new cultural experiences overseas. Even those Anglophones who have poor knowledge of a foreign language need not feel exempt from these exciting new possibilities represented by hotel jobs Dubai, hospitality jobs Singapore and hotel jobs Gulf. This is because the larger percentage of clients currently using the service industry in these areas have a very strong command of the English language – it is almost imperative, in fact, for international business to be effected in English, even in such faraway zones.

Altogether, there are few negative things to worry about when contemplating applying for hotel jobs Dubai, hospitality jobs Singapore or hotel jobs gulf. Leaving friends and cherished ones back home may at first seem heart-wrenching as a concept but in actual fact they are rarely that far removed, especially with the comparatively low cost of air travel at present and the efficient communication we take advantage of in the form of video calls, emails and social networks.

Please visit http://www.asiacaterer.com/

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Supplier Sanction Monitoring in 2023

The supply chain nowadays is even more complicated than it was before, big props to the ever-expanding sanctions landscape resulting from the Russian-Ukraine conflict and enforcement risk is even higher given the broader array of US federal and international agencies intent on strict compliance. Regular supplier sanction monitoring and business/trade operations and evaluations are becoming increasingly important to ensure organisations are reaching their compliance goals.

The Problem

The problem is exacerbated as the infotec environment matures, allowing suppliers and purchasers, as well as the transaction’s connected parties, to be vetted in real time. Furthermore, businesses’ reliance on their supply chain has grown even stronger, owing to shortages created by the COVID epidemic, inflationary pressures, and, most recently, the geopolitical and global economic consequences of the Russian-Ukraine conflict.

Sanctions Compliance

Supplier sanction monitoring is based on strict responsibility, which means that no group of conduct is immune from enforcement action. As a result, we are witnessing a compliance race in which new procedures and technology are implemented. Even if your organisation is benchmarked against its rivals, authorities may perceive your compliance program to be subpar the next year (or quarter) if the pace of penalty requirements has quickened. Companies under the scrutiny of OFAC, the Department of Commerce, the SEC (Securities and Exchange Commission – especially for anti-bribery and corruption), the Department of Justice, and their counterparts frequently raise compliance standards.

Starting from the suppliers

Trade activities are exceedingly complicated and need careful sanctioning. Understanding your customer is a good place to start. Integrity monitors in high-risk sectors are increasingly setting the bar for businesses to engage in Know Your Customer (KYC) policies that attempt to understand customer ownership structures and supply networks. While some businesses may need to start with a risk-based strategy, it’s critical to thoroughly screen your top suppliers and purchasers and guarantee that items are evaluated throughout the product and service life cycle (including product warranties & maintenance contracts).

Beyond sanctions

Considering not only Russia sanctions, but also other consolidated sanctions lists and arms embargoes / UN resolutions, or even smaller programs such as Australia’s DFAT list or Singapore’s MAS lists, your business should consider whether it is exposed to other sanctions regimes. It also encompasses those affecting other nations and specifically designated nationals of other targeted countries.

The way forward

When engaging in deeper relationships with suppliers & buyers, a business should ensure supplier sanction monitoring for comprehensively sanctioned countries. Companies should vet their suppliers and buyers against both OFAC’s SDN list and a non-consolidated list, as well as any other applicable lists. A shipment tracking program could take the form of a vessel tracking tool that would rapidly screen vessels for sanctions concerns and track their movements. Taking these steps will put your business well on the way to avoiding the ire of the regulators.

Find more details at: https://go.fiscaltec.com/supplier-sanctions-monitoring

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Minibus Hire – Avoid The Trouble Of Group Travel

With petrol prices set to rise even further, travelling independently is getting ever more dear. Unfortunately, public transport is suffering from a lack of investment at the same time, meaning that for many people there is no reasonable alternative to filling up the car and driving themselves. There are several ways around these trends, such as lift-sharing and home-working. For group outings, minibus hire or coach hire London are ways of spreading the costs between a number of people, whilst still taking a single vehicle – something that has several advantages. Luxury coach hire is another option, since the money saved in the economies of scale enables better vehicles to be taken.

Clubbing together in such a way brings a range of benefits. Not least are the benefits for the environment: instead of a dozen or two dozen individuals or families travelling separately, they can all go together after meeting at a designated rendezvous point. That means a fraction of the carbon emissions and other pollutants associated with driving. There are financial savings to be had, too. Although a single large vehicle like a bus or coach is more expensive to run, it takes many people. The larger the vehicle the more proportionately reasonable it tends to be, as the unit cost falls. Minibus hire or coach hire London can therefore be a much more cost-effective way of organising corporate travel than many of the alternatives – including driving separately or taking public transport, which is often just as costly.

A further benefit is the logistical side of things: there’s no need to fret about getting everyone to the same end point at the same time. Instead, the qualified driver (or drivers, for long journeys) will take everyone – meaning that there’s not necessarily a designated driver in your group, so everyone can relax and enjoy the ride. This is particularly welcome in the case of outings to the continent, where luxury coach travel really comes into its own. Coach hire London offering this as an option will have some top vehicles, packed with all the gadgets and entertainment you would usually expect from a flight. Even in the case of minibus hire, it is often far more convenient to have everyone go together. That means no one gets lost, and if you are following an itinerary there will be no set-backs if one or other car breaks down or takes an unexpected detour.

Please visit http://www.goldenboy.co.uk/

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Shops For Sale North London

Commercial Property in North London is subject to change at a moment’s notice. Fluid demographic trends, new economic data, the ups-and-downs of the retail sector: in order to grab a bargain you have to be prepared to put in the time and keep up with what’s going on. The choice of whether to look for shops to rent in north London or go all-in and look for a shop for sale in London will depend very much on what relative prices are doing at any one time, as well as the long-term prospects and, of course, your own financial picture.

As things currently stand, there is significant downward pressure on retail rents across the country. There are a number of reasons for this, but chief amongst them are continuing economic worries, and lack of confidence in the Eurozone, as well as the competition represented by the ever-growing online market. Several high-profile bankruptcies – very recent and more broadly since the beginning of the financial crash – have underscored the fragility of the high street. 2012 was not a good year, with Blockbuster, HMV and Jessops (to name just three) dropping from the scene.

Why might this be good news? Well, it’s a brave business that looks to set up in this climate, for starters. But those businesses which do get going in a recession are generally leaner and tougher than the ones which start in boom years. Plus, rents are lower at the moment than at any period in the recent past. Empty shops mean decreasing rents, and many surveyors think the trend may continue longer still. This is in contrast to the industrial and office sector, where demand is slowly picking up.

Where does this leave you? If you are looking for shops to let in north London, there may never be as good a time as now. If your business is viable and waiting to start – or expand – then you can snatch a bargain and hit the ground running. If you’re a landlord looking for a shop for sale in London to add to your portfolio, then this presents a slightly different dynamic, with lower yields than you might otherwise enjoy. The key thing is to remember that the commercial property London market is not homogeneous; the headline figures you read in the papers hide a vast difference between sectors and in different areas. Choose carefully, plan well and act decisively – and you won’t regret it.

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

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School Clothes – One Of Many Items You’ll Need

It’s the summer, which means that parents are enjoying a few weeks off with their children, or alternatively wondering how they are going to keep going until school starts again. Between now and then there is at least one arguably very large glitch: the great annual purchase of school uniforms for the new term. The yearly pilgrimage into town for school clothes is etched into the minds of many parents as a trauma to be shied away from; unfortunately, that’s easier said than done as children grow, uniforms cease to fit and there are all kinds of other items to be purchased before term begins – stationary, bags, and the stuff required for all the many diverse kinds of hobbies and extra-curricular activities they may sign up for. The good news is that a London schoolwear supplier will let you buy everything you need through their site, thereby side-stepping that nightmare journey to the high street, when you will trudge miserably around shop after shop to find the required clothes for your progeny.

Shopping for school clothes online doesn’t have to be cause for worries. As long as you measure up carefully before you start and pay attention to the store’s size guide, you should be able to match your child to the sizes on the site. If, for any reason, the clothes turn up (usually within four working days – only a little more than one of those awful trips to the high street…) and they don’t fit properly, you can return them for a refund or exchange. Just ensure you leave yourself enough time to do this and you can rest easy that your mission for school uniforms will be a little easier this year.

It’s not just school uniforms, though. Children will need stationary of various kinds, calculators and other gadgets. Most or all of this can be purchased on the same site – a one-stop-shop for all your school kit needs. And, unlike clothes, there’s no chance of your HB pencils turning up in the wrong size.

All in all, a London schoolwear supplier can be a boon that takes the hassle out of buying school uniforms. If you need the odd thing and you happen to be in town anyway then dropping into the right shop might be worthwhile; if you’re looking to buy in bulk and get all of your school clothes sorted in one fell swoop, then this is definitely the way to do it.

Please visit http://www.uniform4kids.com/

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Recovery Audit and Duplicate Payments Software …Claim Back What Is Yours

All organisations are prone to accounting mistakes and fraud. It’s a sad fact that accidents and errors happen, in accounts as in every other aspect of your business. It’s equally true that there will always be some people who try to take advantage of any vulnerabilities they locate. Accounting is a complex business; invoices have several fields and if these are filled in or copied incorrectly then you could end up paying too much or claiming too little. Duplicate payments are another oft-encountered problem – where an invoice is settled twice, either accidentally or intentionally. Unless you are specifically looking for them, these can slip under your radar all too easily. The result is that you pay funds out where you shouldn’t, or you don’t claim money that is owed to you. That’s what an accounts payable audit is for. It tells you what the discrepancy is between what’s in your accounts and what’s supposed to be there.

Recovery audit software is designed to show where the problems are, rectify them and stop them happening again. Given the high number of errors in the accounting practices of the average SME, that can have quite a financial bonus.

Recovery audit software might seem like an undesirable expense. However, given that an accounts payable audit can turn up tens or even hundreds of thousands of pounds worth of invoices yet to be claimed for a small business, it should pay for itself the first time you use it. And remember, the longer you leave it the less possibility there is of getting your money back. It doesn’t matter whether the problem is caused by duplicate payments or another of the dozen or so different errors that can occur. If the organisation that owes you money has gone bankrupt or ceased to exist in the meantime, you stand no hope of reclaiming what’s owed to you. Act now – it could result in a nice reward.

Some auditors suggest that as many as 0.1 percent of transactions might be mistaken. Whilst that doesn’t sound like a lot, those errors soon accrue. If your business relies on a large amount of small transactions, it could make a lot of difference – especially since turnover is not the same as profit. If you are just squeezing by, those accidental or fraudulent payments could mean the difference between your enterprise staying afloat or failing.

Please visit http://www.fiscaltechnologies.com/

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Glass Louvres keep you Warm in the Winter, cool in the Summer

As with so many such developments, brise soleil and other sorts of natural climate control have been around a while but are now becoming increasingly popular due to cost and environmental reasons. A ‘sun breaker’, as the concept translates, can be a very simple structure (little more than a judiciously-placed wall), or it can be very complex, as with the extensive and mechanical wing-like structures in use. Other variants are glass louvres and several forms of external louvres.

The general idea in all cases is to avoid using unnecessary power to control the temperature in a building by making more effective use of natural resources. During the course of a day, and through the changing seasons, any aspect of a building will receive greater or smaller proportions of sunlight. The trick is to maximise the ‘passive’ heating provided by the sun in the winter, whilst making sure that in the summer the level of sunlight is cut down and ventilation increased, to keep the building cool. Obviously, getting the balance wrong could result in freezing or stifling temperatures.

Whilst some forms of external louvre are extremely complex, other types are extremely simple. Brise soleils can be little more than a wall, placed in such a location as to reduce the sun at certain points of the day and year. Louvres are typically positioned to allow the building to receive low-angle sun – at the beginning and end of the day, or during the winter, when the sun never rises very high in the sky. Higher-angle sun, at hotter points of the day and year, is stopped.

What this means is that the temperature of a building can be controlled far more efficiently, reducing the need for extra energy on heating or air-conditioning systems. It also makes for a more comfortable environment, because the air has not been heated or processed to the same extent – something that can leave it dry and recycled. This means employees are more comfortable, happier – and therefore more productive.

There are many examples of brise soleil and external louvres, which can be retrofitted to buildings. The simplest glass louvres are merely slats which open and close depending on the outside conditions. However, depending on your needs and budget, there are some really imaginative examples around, which add to the character of the building and are part of its architectural appeal, as well as any functional benefits.

Visit http://www.maplesunscreening.co.uk/ for further information.

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Presentation Design and Presentation Creation: Easy To Do … Hard To Do Well

The strength and sophistication of Powerpoint means that it is now extremely easy to put together sales presentations that are accompanied by all kinds of extra data and information. powerpoint presentations are practically de rigeur in the industry; without one audiences feel that there is something lacking. However, the relative difficulty of effective Powerpoint design means that it is extremely easy to put together a slideshow that actually brings very little to a presentation; in fact, it can detract from your talk, leaving the audience bored and frustrated. We have all had to sit through poor presentations. In many cases, the slideshow feels like a bolt-on extra: something that has been added almost as an afterthought. This is because in many cases, it has – simply because it is expected.

To create a good Powerpoint presentation you have to bear in mind a few principles. The slides should complement your talk, not duplicate it. Again, you will doubtless have had to put up with talks in which the slides simply repeat the spoken content – sometimes verbatim. The purpose of the slides is to support and illustrate the spoken material, making it more memorable and full of impact. Instead, they are often used to render it pointless.

Complexity is another key issue. Many beginners make the mistake of packing too much information into a slide, on the grounds that a picture is worth a thousand words. Simplicity is better, though this does not mean dumbing down your message. You are generally looking for bold, direct ways of communicating key statistics, facts and information. If there is too much on the screen then your audience will be distracted from your talk as they stop to decipher and digest it. Graphs can be very powerful, since they can be used to show trends that otherwise take a great deal of description. You should add titles or brief bits of text to your slides, but not too much. You want your audience to know exactly what you are showing them, without giving them more than they need.

In the end, powerpoint presentations are supposed to serve your talk, not to replace it or duplicate it. Sales presentations are all about being convincing and communicating your message as clearly and neatly as possible. Look for the take-home points, the ideas that you want people to remember above all else. Make sure your Powerpoint design helps you achieve this, rather than preventing it.

Please visit https://www.eyefulpresentations.co.uk/