Administrative Work Taking Up Most Of Your Time? Reach Out To Benjamin Choukroun

ADMINISTRATIVE WORK TAKING UP MOST OF YOUR TIME? REACH OUT TO BENJAMIN CHOUKROUN

Administrative work is tedious and time consuming. A company should have expert administrative staff on its payroll to ensure the smooth running of the business. Administrative work does not leave a place for an individual to do anything else. Manual administration work is prone to mistakes which might lead to losses. The company must digitalize all the administrative work so that trained personnel hired can be used for better jobs. Digitalization to be done using professionals like Benjamin Choukroun, of Electronic Check.

Administrative support is a requirement in all departments of a company. The finance department is one such place where there is a large amount of paperwork involved. Every department of the company needs finance to run smoothly.

Without proper financial planning and support, the company cannot survive.

Spread Sheets: Administrative support is supposed to draw spreadsheets for daily financial transactions that happen in a company. The company has to know its daily incomes and expenditures.

Administration support is required to keep track of the daily incoming and outgoing financial resources.

Account Receivables and Payables: Administrative support is required to keep track of the amount payable by the company to its creditors and the amount receivable from the debtors. The company at all times should know the amount it owes to the suppliers to make sure that they have enough financial resources to pay their debts. The company should also keep track of its account receivables and ensure that the amount is collected within the stipulated period.

Reimbursements: Administrative support has to keep track of all the expense reimbursements that the company is eligible to make to its employees. The company provides a few amenities to its employees. Some employees are eligible to travel reimbursements, and others get reimbursed for food. The company can decide whether the payments made are on a daily, weekly, or monthly basis. The recording of these reimbursements has to be carried out carefully to avoid the production of fake bills etc.

Tax payments: Certain taxes like sales tax, property tax, etc., are paid to the government as per the rules. Administrative support has to ensure that the taxes are paid on time to avoid any penalty.

Payment of the penalties can disturb the financial planning of the company.

Other Liabilities: Administration support should ensure that other dues like insurance premiums are paid in time to avoid any lapse in the policy. In case of a policy lapse, the company can face severe losses. Prompt payment of policy premiums is necessary.

Financial Projections: Keeping track of the financial projections of the company is the foremost duty. The company has to be aware of its liquidity position, and cash flows at any given point in time. The company has to be familiar with all the financial aspects to ensure the smooth running of the business.

The above duties are the duties of financial administration support. The responsibilities are to be done precisely and with discretion. The financial matters of a company have to be a secret. Human involvement, in the process, should be minimized. It can only be possible by digitalizing the system with the help of experts like Benjamin Choukroun.

SOURCE CREDIT : https://sites.google.com/view/benjaminchoukroun/home/a dministrative-work-taking-up-most-of-your-time-reach-o ut-to-benjamin-chou

THANK YOU FOR WATCHING