ProfitBrite

Online Fixed Assets Management Software Development - The Principles

Fixed assets are those permanent business assets which enable the trader to carry on the business. They are used in connection with production or manufacture and are held as agents of production with the object of earning revenue but not for resale in the ordinary course of business e.g. plant and machinery, land and buildings, motor vehicles etc. Our discussion on the principles of fixed asset management software development will focus on asset valuation and asset disposal. The starting point is to create an asset register containing information on every single item of fixed asset of the organization in accordance with a classification structure which ensures that every asset belongs to a class and subclass. To this end, you provide the following forms and corresponding tables in the database-
Asset class- To create a unique asset class name and asset class code.
Asset subclass- To create a unique asset subclass name and asset subclass code.
Asset register- To create a unique asset name and asset code under a particular asset class and subclass. Information on asset class and subclass names and codes will be pulled by the asset register form from the asset class and asset subclass tables. These together with the date of purchase, the asset name, the asset code, and some other information will be submitted with the asset register form.

Let us take a look at a hypothetical case to exemplify the asset classification structure. Suppose a company has the following types of vehicle- cars, trucks, and buses and you want to register each one in the asset register. First, we create a class name and class code for them. We will assign motor vehicles as their class name and assign 01 as their class code. We then submit the name and the code into the asset class table. Second, we create a subclass name and subclass code for each type of motor vehicle. We will assign cars, trucks, and buses as their subclass names and assign 01001 subclass code to cars, 01002 subclass code to trucks and 01003 subclass code to buses. We then submit them into the subclass table. Third, we create a unique asset name and asset code for each specific vehicle. The asset code will be derived from its class and subclass. Under subclass cars if, for instance, the company has a Toyota Camry, a Peugeot 406, and a Honda Accord, we will assign these as asset names and assign 01001001 as the Toyota Camry asset code, 01001002 as the Peugeot 406 asset code, and 01001003 as the Honda Accord asset code. We then submit them into the asset register. For another asset class like plant and machinery, the class code will be 02 and the rest of the asset classification follows the same pattern.

For this classification structure, you implement it with table relationship so that you can easily track assets according to their classes and subclasses. A relationship is an association between one table and one or more tables using keys- primary keys and foreign keys. For more information on application of relationship in the development of software, read my article on "The Development of Blog and Database Table Relationship". By the time the asset register is ready you are in a position to put structures for the purpose of valuation of assets in place.

Fixed assets valuation- A company's balance sheet must present the value of its assets at the end of an operating year. Fixed assets valuation is generally based on the cost of the fixed asset less accumulated depreciation to date. Depreciation is the reduction in value of an asset as a result of usage. As an asset loses value, we reduce the book valuation in line with our estimate of the loss. Depreciation is thus the part of the cost of the fixed asset consumed during its period of use by the firm. Therefore, it is the cost for services consumed in the same way as costs for such items as wages, rent, lighting etc. Depreciation is therefore an expense and there are 8 different methods of calculating it. These are straight-line or equal installment method, reducing balance method, revaluation method, renewals method, depletion method, annuity method, sinking fund method, and insurance policy method. I will expatiate on the straight-line and reducing-balance methods.

The straight-line method allows an equal amount to be charged as depreciation for each year of expected use of the asset. The computation is done using the traditional method or modern method. The traditional method makes use of the following formula-

Depreciation= (cost price - scrap value)/expected life span

where expected life span is the estimated useful life of the asset in years and scrap value is the expected value of the asset at the end of its life span.

The modern method calculates annual depreciation as follows-

Depreciation=cost price x annual depreciation rate

The reducing balance method writes off a fixed percentage of the diminishing balance of the asset yearly to compute depreciation. Depreciation is calculated as follows-

Depreciation = current balance x annual depreciation rate

where current balance= previous year balance - previous year depreciation

However, at the end of the first year, since there is no previous year balance and previous year depreciation, depreciation is calculated as cost price x annual depreciation rate and at the end of the second year, the cost price is used as the previous year balance and the previous year depreciation is the first year depreciation. For subsequent years, the original depreciation formula holds.

To carry out a year's depreciation run, the depreciation date is submitted via a depreciation run form, then the script-
Retrieves the cost price and the annual depreciation rate for each asset from the depreciation table and computes depreciation based on the method used.
Updates the depreciation field of the asset register for each asset.
Calculates the cumulative depreciation for each asset to date in the asset register.
Computes the Net Book Value (NBV) of each asset in the asset register by subtracting the cumulative depreciation from the cost price.
Reduces the life span of each asset by one by subtracting 1 from current value.

The value of each asset given by the latest figure is known at the end of the exercise. The depreciation script is run at the end of the operating year by an authorized person after his successful username and password authentication. After that date, no further depreciation calculation for that year will be allowed and it is ensured by the script through the checking for the current depreciation run date in the asset register. If it exists, it disallows the running of the program but if does not exist, the depreciation is calculated and the asset register is updated accordingly. Every asset has its own depreciation annual rate as submitted through a depreciation rate form. The rate used depends on the accounting policy used by the organization for a given operating year and it is in percentage e.g. 2% for leasehold land and buildings, 25% for motor vehicles etc.

Fixed assets disposal- Sometimes, an asset purchased may be sold due to old age or just to replace it with new one. When this happens, the asset register needs to be updated to reflect such disposal. Any asset disposed off needs to be removed from the asset register and transferred to an asset disposal table. The table will contain the asset's disposal date, the original purchase value (cost price), the disposal value, the net book value and any other information like the cumulative depreciation of the asset. On selecting the asset name from the asset register list pulled from the asset register table by the asset disposal form, all the above information will be retrieved and submitted by the asset disposal form. The record is inserted into the asset disposal table and the corresponding record in the asset register is either deactivated or deleted.

From the asset register and asset disposal tables, information on the fixed assets to be presented in the balance sheet and the profit or loss from disposal of asset to be presented in the profit and loss account are retrieved by your script. The software will not meet the needs of users until the kind of information wanted can be retrieved when needed. Reports should be presented by the software for decision-making purpose. There should therefore be a report section presenting report on-
All asset classes and asset subclasses
All assets belonging to a particular class or subclass.
All disposed assets
All the assets in the asset register showing information on their net book value, accumulated depreciation as at a particular date etc.

There should also be a search interface where information on any asset can be requested for and produced immediately after database search. Furthermore, continuous back up of the asset register should be made and provision should be made for asset register restoration in case of eventuality. The restoration script will simply restore all the records from the back up table. Other aspects of fixed assets management software like asset verification and asset revaluation done periodically should also be built into the software and a history table should be available to keep track of any single operation carried out by any user on the asset register for security purposes. If you are using a database like Microsoft SQL Server that supports triggers, then the task becomes easier.

Copyright reserved.

Olumide Bola holds a bachelors degree of the University of Ibadan, Nigeria and is currently pursuing chartered membership of the Computer Professionals Registration Council of Nigeria (CPN). He is also a member of Nigeria Computer Society (NCS). He has trained scores of people for well over a decade in programming and non-programming courses. He is currently a Software Developer and the Managing Director/CEO of Victolay Technologies Limited. Official web site: [http://www.victolaytechnologies.com]http://www.victolaytechnologies.com.

Article Source: [http://EzineArticles.com/?Online-Fixed-Assets-Management-Software-Development...] Online Fixed Assets Management Software Development - The Principles

2011 - The Year For Online Success: Ways To Make Money Part 2

One of the best ways to make money online is to first become educated on the ways of internet marketing. Whether you are thinking about starting your own business online or you already have one up and running, it is highly advantageous to taking a class on marketing your online business. By participating in the training, you can prepare yourself with a variety of techniques and tools that can assist you in creating a successful business. The following top three benefits of taking an Internet marketing class will allow you to hone your skills and become an internet wizard.

1. The main benefit of taking an Internet marketing class is that it can help set you up for success. Whether you simply need to get the basics down or you need more advanced skills, you will be learning how to do things from the experts. The skills you learn will help you to stand beside and even get in front of your competitors. However, always make certain that you choose a class that covers the skills you need which if you are a newbie is everything.

2. The next benefit of taking these classes is that it will greatly increase your chances of generating more income and obtaining more prospects. With all of the new and advanced techniques you learn, you will be able to generate more traffic to your site very quickly. Instead of wasting your time on techniques that are not working for you, you will find that it will make things much easier when you learn how to do them right. Of course, all of this traffic can easily turn into more income and more prospective customers.

3. Finally another benefit you will receive upon taking an Internet marketing class is that you learn the best way to get your website to rank higher in the search engines. This means your website will be much easier to find. From how to design your website and how to use search engine optimization techniques, you will learn everything you need to know to help your website to be more well-known. The class will also help you to make certain you are targeting the right market, to further increase your traffic and sales.

In closing, if you did not know already, traffic is the lifeblood of any business. Whether you are on main street USA or on the world wide web, you will need a constant flow of traffic in order to succeed and prosper. As mentioned earlier, an internet marketing class will teach you all about the traffic generating techniques that will keep your business growing for years to come. I would like to give you with a FREE Ebook that will go further into the above points and other ways to make money online. You can get your free copy at my sight below.

To Your Online Success

Chris http://www.ratracebgone.com

Article Source: [http://EzineArticles.com/?2011---The-Year-For-Online-Success:-Ways-To-Make-Money-Part-2&id=5683923] 2011 - The Year For Online Success: Ways To Make Money Part 2

More Fun Features in Ufone and Warid Pakistan

Ufone especially is doing quite a good job out of it with not only achieving popularity among the more economical and/or middle class that is abundant across the nation.

Ufone Pakistan not only implies some very practical, attractive, and flexible bundles in messaging, calling and many other smart features such as call block, and Uth package along with various security protections on lost SIM cards. Focusing on the more bright side of the picture Ufone brings out a unique array of entertaining features enough to make the carrier your perfect sidekick wherever you may be.

Utunes and Umovies are those fun features, available to all customers, right from their carrier portal through their handset. They are some iTunes similar listing of the latest, most downloaded, most popular and so-on-classified listings of songs and movies.

Apart from that Ufone has introduced its very own WAP gaming portal with which one can play on a vast network through mobile WAP or GPRS enabled mode.

And other networks also aim to have a fair share in the promising outlook to this climbing mobile user state. Warid Pakistan is also on the run up this ladder, being another one of Pakistan's leading yet Gulf based businesses. In contrast to the economical niche market we will be looking at Warid's higher grade business class services.

One such amazing advent of Warid's business class services is the closed User Group, which is more like a LAN network but on mobile phones. Users can communicate freely between each other while being members of this unique network. In addition package plans are applied and one can choose the desired plan with its more compatible rates.

Warid Pakistan also presents the business RBT feature in which businesses can modify their caller tunes on all dialing and mobile machines within their local network to match a company tune or logo. You are liable to as much number of devices you wish to load up with that ring tone as you wish; all at drop-down rates and flexible conditions.

Corporate RBT can furthermore be as a marketing, promoting or advertising medium to your company to greet your clients.

This article is regarding [http://livesupport.maybenow.com/Ufone]Ufone Pakistan and Warid Pakistan. For more information, visit [http://www.maybenow.com]http://www.maybenow.com.

Article Source: [http://EzineArticles.com/?More-Fun-Features-in-Ufone-and-Warid-Pakistan&id=56...] More Fun Features in Ufone and Warid Pakistan

How To Avoid Falling Asleep During Class

Being in the midst of a beautiful garden, one feels rejuvenated. With sun casting its magnificent glow over the horizon, birds chirping around bird houses or water fountains, the scene of a clear early morning is simply refreshing. Spend some quality morning time like this and see what a good start it is for your day. Some people do not get time for all this. Many have to attend their same boring class where they succumb to tranquility and fall asleep.

Every one of you might have fallen asleep in class at some point of time in their lives. You may have already attended some classes or perhaps gone through a whole schooling session, but whatever the case is you may have experienced a sleeping session at least once. Whether it's a boring philosophy class or an intriguing drama class there is a potential to fall asleep no matter what.

However, dozing off in class is quite linked to your level of interest. It can well be caused by your staying up all night. Despite various reasons there are also various ways to combat sleepiness. Here are some tips for staying awake during class.

� Always sit in front or better in the center front. This gives you a feeling that the teacher is constantly watching you. Even when the teacher is not directly looking at you, still you are I everyone's view. This automatically makes you pay attention. Once your focus is in place, you should not drift into sleep.

� Take notes while in lecture. When writing, you are likely to stay awake. But do not get too carried away with your note taking that you cannot listen to what is being delivered in the lecture.

� Drawing sketches or doodling also helps when you start losing your interest in class. However, this is not recommended for grade school. You can do it in higher or college level but try this only when your listening skills are exceptional. It is mainly an alternative to taking notes in order to keep your hands busy.

� Change your position from time to time when sitting in the class. You can do this by changing position of your legs or just shift within your seat. At times, changing position of your notebook also helps.

� You can even suck on some candy or chew gum but make sure it is not obtrusive. For instance, munching on a chocolate bar or having a lollipop sticking out of your mouth is really awkward.

� Try to keep your hands away from your face as much as possible. Usually, this is an instinctive reaction when you feel sleepy. After that you will rest your elbows on desk and lean your face against your hands. Never do this while in class as this is an invitation to sleep.

� If nothing works in your favor, better move out of the class rather than being a discipline problem. Get some fresh air and splash some cold water on your face. Certainly, this will refresh you enough so that you can return to class in time.

Stewart Wrighter recently bought several [http://www.indoortabletopfountain.com/]bird houses for his daughter's arts and crafts time. He looked online at [http://www.indoortabletopfountain.com/]water fountains in order to purchase one for his parent's anniversary.

Article Source: [http://EzineArticles.com/?How-To-Avoid-Falling-Asleep-During-Class&id=5569057] How To Avoid Falling Asleep During Class

Benefits of Online Class Registration Software

Use of online class registration software, especially in the recent times, has revolutionized the ways the organizers create, promote, sell and manage their class and training programs. Chalking out the entire process of class/training management - starting from setting up the categories till managing the post-class certifications and record management- was never so easy before. Using class management software makes the process easier, but also turns it more effective, ensuring increased attendee turnout and maximized ROI (Return of Investment). Let us explain how class management software helps you enjoy the maximum benefits against your investments.

The most interesting thing about online class registration software is that it helps you plan your registration process very fast and methodical. With an effective class management software you can categorically present your training course details in the most appealing way. You can use the calendaring tool for easy viewing and selection of class schedules. Since you are using as well as offering your prospective attendees online registration facilities, you automatically ensure that they can register anytime, no matter which end of the world they are.

Class registration software also serves the purpose of publishing and promoting your class or training programs. Most online class management systems offer automated e-mail notification facilities through which you can send post-registration confirmation and important reminders about your training programs. If you choose the right class management software for your class/training management, you can also create a private community for students or attendees so that they can interact with each other.

Using online class registration software you ensure increased number of attendees. The payment management systems are secure. Payment options are also multiple. A very important factor is that you can customize pricing options to attract even the half-hearted attendees. It is not that all online class management services offer this facility. So, choosing the right class management tool is essential. Make sure that the online registration solution you opt for provides the benefit of managing a wait-list so. This will help you full attendance for your training classes.

Online class registration software is useful even when your classes are over. You may have to offer certifications and credit records to your students/attendees. Your post-class management plans may include class performance analysis and getting feedback from the attendees. Class or training registration software will help you perform all these activities strategically to build up and add to the reputation of your organization.

Susan Manson, an event planner by profession, explores and discusses the utility of online class registration software in ensuring desired Return of Investment made by the organizers.

Visit http://www.acteva.com/class-management.html to know more about benefits of online class registration software.

Article Source: [http://EzineArticles.com/?Benefits-of-Online-Class-Registration-Software&id=5...] Benefits of Online Class Registration Software

Five Indicators That the Middle Class is Becoming Extinct and What You Can Do About It

You see it every day from corporate America to Pro Sports. There is no doubt that the Rich are getting richer and widening the gap between them and the poor. Along with that, the people in the middle, formerly know as "The Middle Class" are being forced one way or the other. Gone are the days when a family could live off of one income if you are not making at least $60,000 a year. You are being forced to make a decision whether you want to follow the status quo and have your income be eaten away year after year by taxes and inflation or look for another way to boost your income. Here are some real statistics of how this is happening:

* 61 percent of Americans "always or usually" live paycheck to paycheck, which was up from 49 percent in 2008 and 43 percent in 2007.

* 66 percent of the income growth between 2001 and 2007 went to the top 1% of all Americans.

* For the first time in U.S. history, banks own a greater share of residential housing net worth in the United States than all individual Americans put together.

* In 1950, the ratio of the average executive's paycheck to the average worker's paycheck was about 30 to 1. Since the year 2000, that ratio has exploded to between 300 to 500 to one.

* for the first time in U.S. history, more than 40 million Americans are on food stamps, and the U.S. Department of Agriculture projects that number will go up to 43 million Americans in 2011.

With this kind of evidence of the demise of the middle class growing, We can no longer wait for someone else like a company or the government to take care of our financial future. We must be proactive about finding unique ways to generate income outside of what we already do. Now for the vast majority, time is the limitation to finding a solution. With only so many hours in a day and the demands of our current jobs and our families, we must look for solutions that will fit and that will generate the type of revenue that can make a difference (Handing out shopping carts at Walmart for $10 / Hr probably won't change your financial future). But what if you could spend an hour or so a few nights a week and generate hundreds if not thousands of dollars a month from your own home? Well this has become a possibility with the advancement of the internet and the connected capability that it brings with it.

If all of this talk about a shrinking middle class and the number of food stamp recipients increasing has hit a nerve, then I have a free ebook http://ewcf-cashmachine.com that will show you a unique opportunity online. There are many ways to generate income online but most take some experience. This ebook will show you how to start earning money online with little or no online experience get over to http://ewcf-cashmachine.com now and start earning additional income now!

Article Source: [http://EzineArticles.com/?Five-Indicators-That-the-Middle-Class-is-Becoming-E...] Five Indicators That the Middle Class is Becoming Extinct and What You Can Do About It

7 Great Ideas For Making Money Now!

Looking for some ideas to help supplement your income or work for yourself? Here are seven ways to get started.

1. Speak to the Bag Cause the Other Person Ain't Listening
Know how it feels when you are just so angry you could spit yet there seems to be nowhere to vent that anger? How about a business selling paper bags with creative sayings printed on them. Folks can speak their anger/confessions into these bags, then "pop" them, letting go of all that anger and bad feelings. The bags would be inexpensive to create and easy to sell in bundles. Good idea for eBay, online auction sites, and novelty stores.

2. Have Fun and Make a Profit Teaching!
Do you have a hobby you enjoy and are good at - like knitting, sewing, crocheting, needlepoint, quilting, scrapbooking, gardening, bird watching, whittling? Hold classes to teach people how to do these things. You could teach 2 or 3 classes, two hours per class. Normal charge is about $40-60 per class, depending on the number of hours. You can also supply the necessary materials for the first class (extra charge) or have a list of items needed for the first class available when people sign up. Find either a free room to hold the class or check with a local rec center or school district to see if they offer Continuing Education classes. Have an outline of your class plan ready.

3. Is it Weight Gain or is it Pregnancy?
There is nothing more embarrassing then asking a woman if she's pregnant when she's simply gained a few pounds - or vise versa. Newly pregnant women love announcing their pregnancy and what better way then with bold t-shirts announcing "I'm Pregnant!" Be creative with color and design. Good idea for eBay, auction sites, and baby stores.

4. Grabbing Attention with Postcards
When a postcard arrives in the mail, everyone reads it. No opening an envelope, fast attention grabber, and less postage. Your clients pay you to send out specific information to their customers either electronically or via the mail. Appointment reminders, oil changes, checkups (cars, people, kids, pets) - anything that needs a reminder or new information from the sender. And hand addressed cards get better attention than printed ones.

5. Mahjong Jewelry
Mahjong is a game which originated in ancient China. The game uses tiles with characters or pictures on them. Some of the designs can be very exotic. Find used games with missing pieces at garage sales or thrift stores. Take the tiles from these games and turn them into jewelry. Bracelets, earrings, necklaces, ankle bracelets. Charge $10 to $30 or more for each piece, depending on the intricacy of your design or pairing of items for a complete set. Good idea for eBay, online auction sites, and novelty stores.

6. Recreating Memories with LEGOs
LEGOs are a major chunk of most childhood memories and are still part of childhood today. Lego sets from years gone by are in much demand. There is a huge market for people looking for the innocence and simplicity of their youth. Spend some time learning about older Lego sets, making a list of these sets. Search yard sales, estate auctions, and thrift stores for these old sets. Clean them up and put them together as sets for resale. These would sell well on eBay and online auction sites.

7. "Green" Cleaning Service
Green is the way to go nowadays and a service that offers to clean with only "green" products (no harsh chemicals, only natural items) would be very attractive to anyone who is environmentally aware. Do a little research to find effective products to use, or create your own. $40-$60 an hour would be a normal charge for these services. Be sure to stress the use of natural cleaning products ONLY. Houses always smell better when the products are natural.

Looking for more ways to make money? Davis Anderson began looking for ideas to make money when her monthly earnings dropped from $1500 to $300. She and her hubby have certainly felt the economic crunch. But after setting up a couple of businesses utilizing their talents, they are almost back on track. Davis has put together over a list of over 500 Great Ideas For Making Money NOW! which can be found at [http://www.greatideasformakingmoneynow.com]http://www.greatideasformakingmoneynow.com.

Article Source: [http://EzineArticles.com/?7-Great-Ideas-For-Making-Money-Now!&id=3948759] 7 Great Ideas For Making Money Now!