Stephen Souky

Experienced Professional

Archive for the tag “charity”

The Use of Accounting and Finance Software in Business

Accounting and finance software is very essential in order to succeed in business, regardless of the size and nature of the business. Many businesses have started making use of accounting and finance software as an integral part of their business operations.

Types of accounting and finance software

The two main types of accounting and finance software are;

Generic software: This is the best alternative for small businesses on account of its low cost of maintenance. Typical generic software includes Peachtree, and Great Plains.

Industry specific software: This offers more components and options. They are usually designed to meet specific needs of a particular organization. However, the cost of maintenance is high compared to generic software.

Merits of accounting and finance software

Accounting and finance software helps the management to make better decisions. It also helps in controlling costs, and in analyzing trends. It also helps to sort out information faster, and it enhances search capabilities without having to go through a heap of documents.

Costs

Sometimes, buying and maintaining software can be expensive. A small business may begin with one or two licenses. As the business grows, more licenses can be purchased. The cost of training the workers to use the software should also be considered.

In conclusion, accounting software will not replace genuine accounting knowledge. However, it may accelerate the procedure and make it faster. The fundamental knowledge of accounting is most times needed to setup the software and use it effectively.

Stephen Souky is an accountant; he has worked and thrived in the field of professional accounting for more than 20 years. He is a senior level manager in the Cable/Internet/fiber industry, serving as Controller at MHC. He has a strong background in corporate and personal income tax, business valuation, and various types of accounting software. He is also a member of Great Plains User Group (GPUG).

Devoted to Charity: Stephen Souky

Many people believe that charity and volunteering is important in their lives, but few believe it to the level that Stephen Souky does. He donates regularly to the Schenectady City Mission, and volunteers often. Stephen Souky believes that it is important to give back to the community and does all he can to empower others.

Donating money to the Schenectady City Mission is important to Stephen Souky because it allows him to give back in a way that doesn’t require a lot of time. It is not that Stephen Souky believes that giving time is unimportant, it is just that sometimes it is difficult for Stephen Souky to get away from his busy schedule long enough to volunteer as much as he would like. Due to this, Stephen Souky likes to give to the Schenectady City Mission. He believes that this money helps to support a cause that he loves. It is not always that people are as generous with their money as Stephen Souky is, but it is good that people like Stephen Souky can support the Schenectady City Mission and keep it alive.

Stephen Souky volunteers in a variety of places because he believes that working with others in his community is very important. He likes to volunteer with all different kinds of people since it allows him to interact with members of his community that he might not otherwise have the chance to. Giving money is important, but so is giving time to those who are in need. It is not always easy to be generous like Stephen Souky tries to be, but he works hard to give back to the community in many different ways. Volunteering and giving money to his favorite causes are ways that Stephen Souky can give back to the community in constructive ways.

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