Info – Tiernay Fedrick https://www.tiernayfedrick.com Focus On Growing Your Business, Trust The Accounting To us! Sun, 04 Mar 2018 06:06:28 +0000 en-US hourly 1 https://wordpress.org/?v=4.9.3 https://www.tiernayfedrick.com/wp-content/uploads/2017/11/1-logo-6.png Info – Tiernay Fedrick https://www.tiernayfedrick.com 32 32 Why garage doors break – most common reasons – TDG https://www.tiernayfedrick.com/why-garage-doors-break-most-common-reasons-tdg/ Sun, 04 Mar 2018 06:06:28 +0000 https://www.tiernayfedrick.com/?p=81 Why garage doors break – most common reasons For an average person, the garage door […]

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Why garage doors break – most common reasons
For an average person, the garage door breakdown almost always comes as a surprise. Your door will work perfectly until it breaks down entirely in a single moment. However, it is not quite that simple. Usually, the break down comes as a consequence of poor maintenance and lack of inspections.

Of course, you cannot expect to prevent every single issue; however, you can prevent many of them. A very simple inspection done by professionals can save you a lot of money and nerves.
Thankfully, we can help you to keep an eye on usual problems. So, these are the most common issues you should consider.
1. The Broken Spring
While you can definitely expect them to last for a long time, the springs can still break. And it always comes as a surprise. It is actually possible for you to make an estimate regarding the time you should replace the spring. In fact, you can usually check it by simply reading the specifications that manufacturers provide. Get a garage door repair company to fix it ASAP. The rating in the specifications is usually based on the number of cycles it can handle. So, if your rating is ten thousand cycles, you should make sure to replace it before then. To be clear, one cycle equals one opening and closing of the door. So, if you use your garage 4 times a day, you have around 7 years before you need to replace the door spring.
2. Sensor problems
Another thing you will quickly notice if it happens is an issue with the sensor. The usual symptom consists of your garage door reversing almost instantly. This usually means that there is an alignment problem with the sensors. These sensors are a safety feature and a very important one at it. After all, you don’t want your door slamming down on you. However, if they do not align or even if they are dirty, the door will reverse immediately.
3. Cable issues
This is one issue that you can prevent rather easily. Essentially, the garage door cables help operate the door. They are attached to the spring and they are what pulls the door up. However, they tend to fray over time. This can lead to them snapping, which is definitely not a good thing. If you want to avoid this problem, simply inspect them every now and then, and do not wait until the last moment to replace them.
4. Door off track
This is a very common issue that is extremely easy to diagnose. Usually, the door can come off track after sustaining a powerful impact. If this happens, you will probably not be capable of operating the door. So, just make sure to check for damage if you ever drove into the door with your car.
In the end
You might think that delaying the maintenance or the inspection will save you money. However, this is rarely true. So make sure to schedule an inspection at least once a year to avoid any issues.

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What is Bookkeeping and How it works? https://www.tiernayfedrick.com/what-is-bookkeeping-and-how-it-works/ https://www.tiernayfedrick.com/what-is-bookkeeping-and-how-it-works/#respond Thu, 30 Nov 2017 11:05:40 +0000 https://www.tiernayfedrick.com/?p=63 History of Bookkeeping   An organization is involved in a lot of transactions. They are […]

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History of Bookkeeping

 

An organization is involved in a lot of transactions. They are both monetary and non-monetary. The concept of bookkeeping was invented by a monk named Luca Pacioli. He is regarded as the father of accounting. But when we talk about accounting there are always two aspects to it. The concept of accounting began with the single entry system. So Luca Pacioli is the first person to invent the double entry accounting system that has the concepts of debit and credit. That is how double entry bookkeeping came into existence.

History of Bookkeeping

What is bookkeeping?

Bookkeeping is the process of managing the financial transactions of a business or any such establishment by recording, classifying and summarising the books of accounts of an individual or business.

But before we talk any further about bookkeeping, it is important that you understand that both bookkeeping and accounting are two different things.

Bookkeeping vs. Accounting:

Many people have accounting confused for bookkeeping. So we will quickly see the difference between accounting and bookkeeping.

Accounting is a broader process while bookkeeping is just a part of it. Every accounting process begins with bookkeeping. This means that accounting is incomplete, or in other terms, accounting itself isn’t possible without bookkeeping. While an accountant takes care of the accounting functions, there is a separate person called the bookkeeper to take care of the bookkeeping activity of the business. So to understand the functions of bookkeeping you simply have to understand the role of a bookkeeper in business.

Role of a bookkeeper:

  • Every company will require a unique accounting system depending on the type and the quantum of activities that are prevalent in that organization. So it is the role of the bookkeeper to keep in mind the requirements of the business and design an accounting system accordingly.
  • The bookkeeper maintains a separate journal or a book to maintain the details that are similar in nature that is what is the motto of classifying. He classifies them under different heads that will assist in passing the right accounting treatment. These journals are also known as subsidiary journals.
  • He is responsible for holding the documents and invoices and filing them properly and maintaining a proper record. Filing these documents on a regular basis will not only help the accountant but will also help the bookkeeper to furnish the required details to various other departments as and when they require.
  • Bookkeeper apart from having accountancy knowledge must also possess knowledge about the rule and regulations of the state which will help him maintain data accordingly. A slip in the work of the bookkeeper will lead unwarranted consequences and will put the whole firm into trouble.

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5 Things Every First-Year Audit Trainee should know https://www.tiernayfedrick.com/5-things-every-first-year-audit-trainee-know/ https://www.tiernayfedrick.com/5-things-every-first-year-audit-trainee-know/#respond Thu, 30 Nov 2017 10:56:14 +0000 https://www.tiernayfedrick.com/?p=57 Aspirants who get into various audit forms as audit trainees are from different streams. Of […]

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Aspirants who get into various audit forms as audit trainees are from different streams. Of course, they are students and graduates from accountancy background but the criterion for getting into an audit firm as a trainee differs from one person to the other. While one might get into a firm as a trainee only to get a permanent job there, many others do it as a part of their internship. Interns who get into audit firms can be college students or students who are into professional courses as in CA, CMA, and CS among others.

Irrespective of what category you belong to, the first year is definitely a hell in audit firms. That’s probably the first time you are going to apply your theoretical knowledge practically and expecting you to be perfect in first go can be heartless. You will have to learn to manage all of this and achieve your target. So here are some of the things that you have to know if it is your first year in an audit firm.

Audit

Things first-year audit trainees should know:

Below listed are some of the important things that every first-year audit trainee:

It’s good to be inquisitive:

In case if you have a questioning mind that is not bad at all. It is good to be inquisitive as long as your questions are valid and reasonable. You will learn more things, and you will always be better than others only if you have a questioning mind. So do not feel bad to ask questions. If people are judgemental, it’s their pain.

Shadow your mentor:

If you are into an audit firm, you probably must have a mentor who is there to guide you all the time. Shadow your mentor. This will help you learn a lot. You will understand the actual process involved in auditing only when you are into real-life circumstances. Having an eye on your mentor will help you learn things much quicker.

It lies in the way you speak:

Communication is an important skill, and you are expected to have enough of it if you wish to outwit your peers. As a prospective auditor, you will be able to tackle different types of customers only when you are able to speak your thoughts properly. You have to be convincing and professionally sound when it comes to communication. You will be judged by your superiors within a matter of few days, and you are expected to prove yourself within that.

Do not feel embarrassed:

The first few days of training can be very much embarrassing. As we saw earlier, you will meet people who are from different walks of life. Their education and experience might put them a little ahead of you sometimes. Don’t feel bad. Keep giving your best, and the rest will automatically fall into place.

Learning is never-ending:

Every single day as a trainee is very much important, and every new day you will learn something new. Never feel content with what you have learned. Keep searching for something new, and when you learn something new, cherish your new-found knowledge. This is the only way to survive and also the means to become a successful auditor or an accountant.

 

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