- Finance
Finance TopicsFinanceOperationsFinancial Planning & AnalysisEquity FinancingDebt FinancingM&A and Joint VenturesCorporate GovernanceStock OptionsMarketingTaxMoreFinance News
In time with a highly anticipated initial public offering this week, a new survey shows Facebook is the preferred - Accounting
Accounting TopicsAccountingAccounting ConceptsAccounting StandardsFinancial StatementsAuditRevenue RecognitionAccounting RegulationsAccounting Close ProcessAccounting Policies & ProcessesTechnical AccountingAccounting News
The financial crisis of 2008 considerably altered debate over economic growth and prosperity. Now, it appears that the events of the last ... - Treasury
Treasury TopicsTreasuryElectronic PaymentsWorking Capital ManagementCurrency & Foreign Exchange (FX)Treasury Services ManagementShort Term InvestmentsTreasury News
In response to the increased use of mobile banking - Technology
Technology News
In response to the increased use of mobile banking
- Careers
Careers News
Homebuilding company M.D.C. Holdings recently announced it has appointed a new chief financial officer with experience in a similar role within ... - Directory & Reviews
- Expert Advice and Guidance
- Exclusive Tips and Tools
- Latest News and Info
- Networking with Peers
- Noise-Free and Professional
- It's all FREE
General Content
- Go to Group home page
Posts in this group are public
Events
-
Feb-07 - San FranciscoHow CFOs are Driving Growth
-
Feb-08 - WebinarUnlocking the Value of Dynamic Financial Planning
Browse Our Library of White Papers
Browse our extensive library of free white papers focusing on the latest financial, technology and business issues.
Subscribe to our newsletter
New Way of providing accounting services
Posted Thu, 03/04/2010 - 8:33am by Njoroge Kabugu (Database Manager)
Details
Many small enterprises especially in the developing countries, egg street vendors or other individually owned businesses, do not keep any financial records, but tend to keep a log and more information in their head. I am looking to for some one who can provide any ideas/ brainstorm ideas, formal or otherwise or even new ways to provide basic record keeping to such a sector in the developing countries.
- Accounting
- 489 reads
© 2012 Proformative, Inc.
Comments
A thought
Is there a way to use cell phones / PDA's to somehow track basic financial information? I know that in developing countries often people have cell phones before land lines and are starting to use cell phones for banking.
Just a thought but perhaps there is an opportunity for some kind of application for cell phones that can be built.
More info
The growth of cell phone use has grown at an exponential rate leaving landlines to be used only by some business. In fact, some businesses now to have cell phone line dedicated only to business. While the use of cell phone information to feed in a central database is very possible, there is the risk of data verification. One can feed in the daily expenses and sales into a central database, by using sms technology, which would provide the source for basic bookkeeping. However there would always be a risk for verification of the actual transaction. I am willing to discuss this idea further or think of other ways to solve this challenge. This is a great opportunity, I think. Would you be in a position for us to brainstorm further in future?