Accounting Software Classification and Types – Helping Small and Large Organization

Accounting software is an application or set of applications that records and processes accounting transactions according to the rules and regulations specified and takes every single transactional entry up to the final books like trial balance, profit and loss accounts and balance sheet automatically. Accounting is a part of life, it is required everywhere be it home, shop, services, companies or government departments. The books containing information about money transactions are compulsory.

Accounting software makes the task of keeping account books easy. This is done in few ways like software helping a lay man in keeping his books who has no knowledge of accounting rules. Software helping small to large organizations in maintaining books with ease by doing processing and recording on its own and relieving accounts department from repetitive work and another way is to help in analyzing the accounts data for better and profitable decisions and getting alerts for wrong decisions or pitfalls.

Accounting software generally contain modules like accounts receivables, accounts payable, general ledger, billing, inventory, purchase order, sales order, bank book and cash book. These are core modules of accounting software however non core modules may include more options like debt collection or outstanding, payment performance, expenses, payroll etc.

Accounting software can be classified as per their functionality in few categories. Personal accounting software are meant for simple accounting purposes like managing budget, expenses and income for personal accounts. These software also include reports for reconciliation like bank book and expense sheet. Inventory-accounting software is another category of software used with sales and purchase options, few of those have stock option too and use single entry system for accounting. These software are very low in terms of functionality and support only one type of regulation and currency. These software are not designed with GAAP or IFRS compliance and just provide accounting as additional feature with the software.

Accounting software used by mid level companies has multiple currency and multiple regulation options which allows the user to keep books according to international standards. Reporting of these software is robust and scalable by using external tools. These software use scalable and flexible databases at the back end like Oracle, Pervasive, MS-SQL, MySql etc. Management information systems are provided along with these software supported by capable reporting tools like crystal reports or cognos.

ERP finance software are more advanced versions of accounting software used by mid level organizations. The advantage of using such software is that these can be customized according to the user needs and requirements without disturbing the compliance with IFRS or GAAP and maintaining the accuracy and speed for transfer of vital information and analysis. Large organization may have to adopt few policies for working smoothly or covering the pitfalls, these software adjust according to such changes to allow its users work freely with same flexibility. Some accounting software are specifically designed for a particular industry, resolving industry specific problems and providing advanced features like data security and privacy. Such software are used by banks, financial institutions and government departments. These software are flexible enough to adjust according to changing rules and regulations too with greater ease.

Your Properties Zoning Classification May Increase Your Rental Income

Discovering the zoning of your unit might allow you to increase rental property income. That’s right, especially if you own a multi-family dwelling, e.g., duplex, triplex or fourplex. But even rental income on SFR’s can be maximized, usually 3 to 4 times what you may be earning in net income, and with surprisingly little additional property management commitment.

Most cities and counties allow mixed uses, defined as a rooming house, boarding house or group home. You just may discover that your rental property can qualify for another use that would increase the rents you collect. One of our students here in Denver has. He discovered that the zoning on his single-family residence would permit him to run a rooming house. He was thrilled, because he could use our system to gross $4,500 a month for his seven bedroom, five bath old Victorian.

City Planning, Zoning Department, Community Development or The Office of Community Planning & Development are the most commonly used names for the area of local government you should be contacting. Simply call up and ask to speak to a planner of the day about additional uses approved for your specific zone. Even if your rental is an SFR, check to see how many un-related individuals would be allowed to share the house or dwelling unit.

In addition, most cities I’ve contacted around the country have online access to their codes. Don’t be intimidated by the code itself… look for the definition section. There, you will discover what actually defines a SFR and Multi-Family structure, also look for the definition of a family, which will state how many un-related individuals would be allowed to live in that dwelling.

How To Start And Build Successful Home Remodeling Companies

Why Choose Luxury Home Remodeling Business?

The remodeling business overall is known to be quite a remunerative industry. Business opportunities may come from home sellers who remodel their houses to increase resale value and look more attractive on the market. Also home owners who purchased a house off the market may consider remodels as well in order to make improvements to their homes and make changes to cater to their own unique lifestyles.

The following are some reasons why luxury home remodeling is an appealing business venture.

Most home remodeling companies are small to medium scale self-employed businesses.
It requires less capital investment in comparison to undertaking of new constructions
Most homeowners prefer to partner with professional remodelers rather than doing their own home remodeling.

You may also consider going into specialized remodeling services. The first classification comes as commercial remodelers and residential remodeling services. In residential services many go into niche markets such as living room remodeling, kitchen remodel and design, bathroom remodel etc. Focus could also be made on remodeling specific architectural styles. Green remodeling is yet another trending area which involves the use on nontoxic, eco-friendly building material, energy efficient space utilization and design, and use of recycles material and components.

Guide To Starting A Remodeling Business

You may begin your business venture by first preparing a business plan for your company. This should include a clean outline of the products and services you plan on offering you clients. The complete plan would include detailed financial about expected capital and expenditures and also financial projections on how you plan on recovering costs and gain profits through the existing market share in your area of operation. It is also essential to assess the degree of competition in the area.

Once the plan is clearly stipulated, work on getting the necessary regulatory licenses and permits in place. Also a suitable insurance policy to cover liabilities should be obtained for your business. Once the legal aspects are in place look at getting the necessary equipment and tools you would need for your work. It would also be useful to get a truck or van if your work would include travel.

You should next look to getting the word out about your business. Consider joining related associations and societies which will help you build a network of connections you need to generate more business opportunities. Once you have completed a few projects speak to your clients about offering referrals as this would be a key part of building your business credibility and reputation.

Home Appliances Classification

We all live in a modern world and hardly anyone can imagine a home without some home appliances. Home appliances are very popular today, because thay stand for the electrical and mechanical products used at home. This way, home appliances seem to help a normal household in cleaning,washing,cooking etc.

As you already know, home appliances differ from each other by it’s size,functions,price. So they can be divided in two different broad groups: small and major appliances.

Some information about small appliances

Small appliances are mostly small and portable. They can be stored at some place and taken out only when you need them. They are usually kept on the table or on some platforms, but sometimes they are hidden in place, designed for them. The functions of small appliances can differ also, they can cook,wash etc. From example, small appliances like blender,toaster can be used for cooking. Vacuum cleaners or steam cleaner are used for cleaning.

Some information about Major appliances

Unlike small appliances, Major appliances are big. They can’t be moved easily and need an electric supply source to make it work.
The simple examples are: Refrigerators,Washing Machines,Dryers etc.

There are a lot of different home appliances that are used nowadays. Some of them are small, some are too big, but they all have one property – they all help the household to make the life easier and happier.

If you want to buy some home appliances, the first thing you have to do is to surf in the internet, find the reviews of it, get more information about it’s brand,price. Don’t forget,that we live in a modern world, all shopping can be done online. I hope that you will choose the right appliances for your home.

3 Primary Types of Home Mortgages

A home mortgage is a very important thing in any adult’s life. One should know as much as possible about home mortgages and the starting point should be the classification of home mortgages. There are three types of home mortgages that you should know about: fixed, adjustable rate and balloon mortgages. They all have different particularities and classifications at their turn that you should know about.

The first type of mortgage, the fixed mortgage, is the oldest one used by people for a very long time. The advantage of this type of mortgage is represented by its stability. As the name says fixed mortgage it is represented by a known quantity of money that have to be paid. The amount of money paid every month or at the predetermined term is constant. It goes after a simple principle that can be understood by everyone. This way if you have to deal with this type of mortgage you will know after the time passed by what is the amount of money that you still have to pay.

This type of mortgage allows the person who has to pay it to make some calculation. He will see that the value of interest over the years will be smaller than the value of the rate. But this only happens in time because at the beginning the report will be inverted.

Another great advantage brought by fixed mortgage is the fact that it can actually help you save a great amount of money than other solutions you might find to pay for your home. This happens in the cases when the rates have a small value.

The second category of mortgages is represented by adjustable rate mortgages. This category is represented by those payments that can be low in the first period of time and start to modify after a certain term. Some people prefer this system because sometimes it can be advantageous depending on the economical climate. But they risk when they choose this type of payment.

This category of mortgage means that the interest isn’t fixed. Even though it can have a low value at the beginning, depending on the economical and banking factors, the value can raise. So the amount of money that you have to pay monthly can raise or drop according to the interest. It is all about luck. And because you are willing to take this chance the bank will make your payment at the beginning be of small value, affordable for everyone.

The third category of home mortgage is represented by balloon mortgage. This type of mortgage is usually made for a short period of time by those who know they will live only a short period of time in the house they are starting to pay for. Other category of people is represented by those who know they will have a big amount of money at a certain moment. In these cases the loan is shorter than the amortization period.

To make you understand better how this works, we will give you an example. For instance, you make a loan for a number of years for a certain amount of money, but the amortization period is bigger than the loan period. So you will pay a rate in the loan period as if you made it for the period equal with the amortization. After the loan period is over you pay the rest of the money that remained.

Salary Expectations of Medical Billers and Coders at Home

Medical billers and coders help ensure that healthcare facilities and their health information data are organized. “They ensure its quality, accuracy, accessibility, and security in both paper and electronic systems. They use various classification systems to code and categorize patient information for insurance reimbursement purposes, for databases and registries, and to maintain patients’ medical and treatment histories,” according to the U.S. Department of Labor’s Bureau of Labor Statistics.

Due to an aging population, the demand for medical billers and coders are expected to grow at 22% from 2012 to 2022.

Employment Opportunities

State, local and private general medical hospitals employed 37% of medical billers and coders in 2012. Physician’s offices, nursing care facilities and the government are also some of the other workplaces which may employ them. Medical billers and coders generally work in offices, spending time in front of computer monitors. They held about 186,300 jobs in May of 2012.

The majority of medical billers and coders work full time at establishments which have 24/7 operations (I.e. hospitals) and may have evening or overnight shifts.


According to the 2011 annual salary survey carried out by the American Academy of Professional Coders (AAPC), salaries earned by medical billing and coding specialists differ commonly by job duties and geographic area.

The median annual wage for health information technicians in May 2012 was $34,160. The BLS states that the median wage is the “wage at which half the workers in an occupation earned more than that amount and half earned less.” The bottom 10 percent earned less than $22,250, while the upper 10 percent earned more than $56,200.

Location may play a part in the wages of medical billers and coders. In the states of California, Oregon, Washington, Hawaii and Alaska, the typical salary for all medical billers and medical coders is $57,334.00 per year. In New England, the average annual salary is $47,852.00. The average annual salary is $39,830.00 in places where the cost of living is lower, like in Kentucky, Tennessee, Mississippi, and Alabama.

Medical billing and transcription from home is usually done by experienced individuals who may demand higher salaries. They may become consultants, research code methodology, auditors, and provide guidance and opinion on various coding and billing issues. However, opening up a business at home also means expenses in areas like health insurance, office maintenance and tax payments without the aid of an employer.

It may also be arranged with the current employer if they would allow work from home opportunities for medical billers and coders whom are qualified. With this arrangement, employees may work out their compensation plan with their place of employment.

Experienced medical billers and coders are aware of the various government healthcare programs, medical policies of insurance companies and the International Classification of Diseases, 9th or 10th Edition, Clinical Modification. They may already advise the healthcare facility on documentation requirements as well as billing and coding strategies and be able to spot and prevent fraud.

Education and Training

A postsecondary certificate, associate’s degree or professional certification is needed in order to qualify for this occupation.

Burglary Safes For Home or Business

When a person is thinking about purchasing a safe or filing equipment, this person knows pretty much on what they want to store. Sometimes especially in the home people do not realize all what they would want to put away and save in case of a disaster.

Disasters meaning fire, tornado, and burglary, or what ever the case may be. There are when talking about safes three different burglary ratings of safes. These ratings are as follows.

Burglary Rating Classification

U. L Label Burglary Classification TL-15

Signifies a combination-lock safe designed to offer a limited degree of protection against attack by common mechanical and electrical hand tools and any combination of these means.

Construction Requirements

o U.L. listed group II, IR combination lock or I.

o 750 lbs. Minimum or comes with construction of anchoring in a large safe, concrete blocks or on the premises where used.

o Body walls of material equivalent to at least 1-inch open-hearth steel with a minimum tensile strength of 50,000 P.S.I.

o Wall fastened in a manner equivalent to continuous ¼ inch penetration weld of open-hearth steel with minimum tensile strength of 50,000 P.S.I.

o One whole ¼ inch or less, to accommodate electrical conductors arranged to have no direct view of the door or locking mechanism.

Performance Requirements

Successfully resist entry* for a net working time of 15 minutes when attacked with common hand tools, picking tools, mechanical or portable electrical tools, grinding points, carbide drills and pressure applying devices or mechanisms.

*Entry-Safes classed as TL-15 – opening the door or making a six square inch opening entirely through the door or front face.

U.L Label -Burglary Classification TL-30

Signifies a combination-locked safe designed to offer a moderate degree of protection against attack by common mechanical and electrical hand tools and any combination of these means.

Construction Requirements

Same as TL-15

Performance Requirements

Successfully resist entry* for a net working time of 30 minutes when attacked with common hand tools, picking tools, mechanical or portable electrical tools, grinding points, carbide drills and pressure applying devices or mechanisms, abrasive cutting wheels and power saws.

o Entry-Safes classed as TL-30 – opening the door or making a six square inch opening entirely through the door or front face.

Fire Rated Composite Body and Door Safes

A fire rated composite body and door safe has both the TL-15 and TL-30 ratings that we previously talked about. The next component is the fire rating aspect of this safe.

U.L. Fire Resistive Ratings Classification

The following is an explanation of the Underwriters Laboratories fire resistance container testing procedure on the class 350 degrees Fahrenheit, one hour and two hour fire labels.

U. L Label/Class 350 degree Fahrenheit – 1 hour and class 350 degree Fahrenheit-2 hour. The safe will maintain and interior temperature less than 350 degree Fahrenheit when exposed to fire for a period of one hour at 1700 degree Fahrenheit or for a period of 2 hours at 1850 degree Fahrenheit. Safe must successfully undergo all other requirements for the Fire Endurance Test, Explosion Hazard Test and the Fire/ Impact Test as stated below.

Fire Endurance Test

After heat sensors are placed inside the safe, the unit is locked and exposed to a uniformly distributed fire. The furnace is regulated to reach a maximum temperature of 700 degree Fahrenheit for a period of 1 hour, or 1850 degree Fahrenheit for 2 hours, then allowed to cool without opening the furnace. The interior temperature is recorded throughout the test and during the cooling period until a definite drop is shown and must never exceed 350 degree Fahrenheit. Once cooled, the unit is open and examined for usability. The units locking mechanisms and parts fastenings are examined for security and the interior examined for visible evidence of undue heat transmission.

Explosion Hazard Test

The safe is locked and placed into a furnace preheated to 2000 degree Fahrenheit. This temperature is maintained for 30 minutes (2hours test is 45 minutes) and if no explosion results, the unit is allowed to cool without opening the furnace doors. Once cooled, the unit is opened and examined for usability. The units locking mechanisms and parts fastenings are examined for security and the interior examined for visible evidence of undue heat transmission.

Fire Impact Test (Manufacturer’s Options)

After the explosion hazard test the safe is removed from the furnace and within 2 minutes is dropped 30 foot onto a riprap of brick on a heavy concrete base. After impact the unit is examined for deformation, rupture of parts, damaged insulation and any other openings into the interior of the unit. Once cooled, the unit is inverted and reheated to 1550 degree Fahrenheit for a period of 30 minutes (2 hour test: 45 minutes at 1638 degree Fahrenheit).

Once cooled, the unit is opened and examined usability. The units locking mechanisms and parts fastenings are examined for security and the interior examined for visible evidence of undue heat transmission.

Complementarity and Long-Term Upgrades to Your Home

This article is about the classification of the two kinds of upgrades that are done to a home property, beginning right after a home relocation. This kind of classification suits the readers because if offers them the complete freedom to skip one of the classification, if they are not in need of that information. The actions taken are displayed in analogical order, starting from the very basic and essential and building up to complete the interior furnishing of a home with all that it ever needs.


The complimentary upgrades are consistent of small but essential needs that, if left unnoticed, lead to a bigger problem in the future. Those are things like cleaning, de-cluttering, unpacking, positioning, taking measures, preparing and including the mental preparation for all of them together. Notice how many of these activities are similar to those from the everyday. Their need and their use is constant.

Assuming you bring nothing from your old home to your new one, you always start with supplying yourself with the basic needs that allow life in that property. You need food, water and a place to sleep. Make sure you are well fed and that you drink a lot of fluids, as you enter your new home. The shock and the worries, just as the mixture of emotions, cause the effect of hunger. A hungry mind is never rational. There will be pollution all over, including the leftovers from construction material. Supply yourself with a broom and a shovel and perform a basic cleaning of only the room that you will be sleeping in. Leave the rest of the cleaning for another day. Get to improvising, as you aim for a place to sleep on, something like a dining platform (avoid the floor) and something to sit on. This should be enough for the first day/night. The next couple of days, you are to head out for the stores and find cleaning tools and detergents. If you have ran out of toiletries, now would be a good time to restore them. We stop with the complimentary upgrades here, because the rest are really up to you.


The long-term upgrades refer to changes in the consistency of the inner furnishing that are only done once for a long period of time. These are not activities from the everyday and they require to pay close attention to detail.

Of all the sections in a property, one can miss out on anything but the bathroom. Your first and only priority is to get the bathroom in order. That includes proper isolation from moisture. The process of tiling is costly and you may want to focus your savings here. Meanwhile, the first couple of days sleeping on the floor was necessary, but now it’s time to do something about it. If you wish, inflatable mattresses are not as expensive as a real bed. They are also portable whereas you will find hard to move a bed every time you wish, from one room to the other. If you insist, get a real bed instead. Keep in mind that delivering each and every one of these furniture pieces to your home adds up to the cost.

Use one of the rooms that you plan to leave furnishing for last as a storage room. Right now, you need a table and something to sit on. As that happens, you can start buying kitchen utensils. For now all you need is 2-3 plates, knives, forks, 1 spoon, a ceramic cup and a chopping board. You can wash these in the sink located in the bathroom, until you make a real kitchen in your home. If winter, the cheapest way to keep warm is by an electric blower. If you can afford an air conditioner, so much the better. A wardrobe, only big enough to hold all of your clothes, is what you need. Anything more will just take on empty space.

Lastly you want to think about the kitchen itself. You can still eat outside or simply use a barbecue to cook meat at home. So the first of all the electric equipment will be a washing machine. Next comes the kitchen plot, which will open up space for all the kitchen equipment you have previously bought. Don’t forget to install an aspirator, if you will to cook at home. The fridge itself doesn’t need to be big, for starters, unless you can afford it all. Lastly you are to choose a quality stove, that will work flawlessly for many years ahead.

With this we conclude our home essentials. Now it’s your turn to choose how to upgrade your home, as you please.

Buying a Home – Selecting One to Meet Your Zoning Needs

As you search for a new home, it’s important to consider all the potential plans you may have in the future. Are you planning to start a new home business? Will your in-laws be moving in? Don’t make the major mistake of buying a home only to find out later a home business is prohibited, or the garage can’t be permitted for an in-law guest unit. Local zoning rules or city codes dictate what you can do with your home. It also wouldn’t hurt to check out what your neighbors are allowed to do with their property.

The first step is to check with the local municipal planning and building department to discover what the zoning use is for the neighborhood you’re interested in. The primary classification is single-family residential, however you also find some neighborhoods zoned for multifamily, transitional, or mixed use such as residential and commercial.

It’s important to consider which classification is right for you. If you’re planning to set up a home business, a mixed commercial and residential area may be to your advantage. However you need to be aware your neighbor may also take advantage of the zoning classification and build a business or apartment building next door if the zoning permits it.

Zoning laws regulate more than just how the property is used. They can dictate minimum square footage of the house, its maximum size, how many stories, and where it can be situated on the land. There are also rules regulating how far your house needs to be set back from the street and how much space your home needs to be away from your neighbor’s. This will definitely influenced any plans you may have for a new deck or room.

Hire a competent realtor or attorney to help you research local zoning and municipal rules if any of the following situations occur:

1) You Want To Set Up A Home Business – If the property you want to buy is in a residential zone, read the rules carefully to see what is allowed. Some cities will make allowances for a home business with certain restrictions. Speak with other home business owners to see what their experience has been.

2) You Have Remodeling Plans – If you plan to remodel or add new structures, local zoning laws may severely restrict what you can do to change the property. Some local ordinances may restrict the addition of a second level.

3) You plan to park an RV or boat in your driveway.

4) Your Home Is Designated As Historical – Historical home renovations are strictly regulated to maintain the original style and color.

5) You want to remove a large tree.

6) You have unusual or special plans.

7) You want to keep farm animals such as chickens or pigs.

Prefabricated Homes – Modular Homes Vs Manufactured Homes

When getting the most for your dollars really counts, it pays to know what you’re shopping for. When it comes to new homes, a mistake can be very costly. Over the years of coaching people in their purchases and home building projects, I’ve learned what confuses people the most. And how to help them.

One of the most common questions centers around how prefabricated homes are classified for appraisals and lending purposes. Can you answer it? You’ll know now!

Question: What’s the difference between Modular Homes and Manufactured Homes?


I’ve found that many people are just not sure. There’s plenty of confusion to go around. Just what is the difference between a modular and manufactured home? Or, is there a difference?

Yes, there most definitely is a significant difference between them. It’s not entirely a quality issue either. Here’s what I mean.

A Different Home Classification

The underlying issue is the category under which they fall. A manufactured home is not considered a true, stick built/site built home. They are technically considered impermanent “vehicles” on wheels and as such, they do not have the same appraised value as a site built/stick built home. Nor do they hold their appraised values over the long haul.

Modular homes, on the other hand, are considered stick built homes just as a true “site-built” home would be. And, as such, are normally appraised in the same fashion, given the same value, and hold their appraised value the same as a traditional site built home.

It’s Not a Question of Quality

If you’ve shopped for manufactured homes, you’ve probably been impressed with their apparent quality. While that’s good, it doesn’t change their classification. So, even though many manufactured homes have increased their quality in recent years, you should be aware that a poorer appraisal is likely and that declining values over the years is extremely likely.

What is your goal? Are you thinking about long-term value? If choosing between a modular and a manufactured home, you need to focus on your priorities in order to make the right decision for you.

In my experience over many years, when selecting between these two choices, if you’re looking for long term value over mobility, I’d go with a modular home every single time.

Do your research and decide what’s important to you.

We’d like to give you a FREE email course called “Dream Home Creation” that you can find by clicking here The order button is on the upper right corner of the page. Again, there is no charge or obligation. You will also find other tips and tools, surveys, and additional articles by Mel Inglima.