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Frank Dinucci Helps Startups and Small Businesses With Their Financial Needs

Frank Dinucci, Frank Dinucci Miami, Frank Dinucci Florida

Many startups face difficulties when it comes to their accounting and financial needs. But it’s not just startups that are challenged by reporting and taxes. Small businesses are too.

Frank Dinucci came up with an idea to help small businesses and startups save money and time spent on reporting, giving calls, and waiting for reports by creating a cloud-based service.

The former college professor understands the tendency for small business and startups to underestimate the importance of financial reports and taxes, as growth and finding clients are their main concerns. But business owners soon find out how expensive accounts are and how many resources are spent on reporting everything. They learn the impact of not knowing on the spot how much money you owe or how to calculate your budget.

These small business owners should be able to handle their book, do it well, and not have to worry about spending thousands of dollars for someone else to do it miles away from the business.

 FRANK DINUCCI

What many small business and startup owners miss is the fact that an accountant can’t take care of everything. There is still plenty of work that needs to be done on their side too.

Frank Dinucci knows what happens in the accounting world and how expensive accountants are. This is why he started working on a project that would help businesses handle their books and do so in an easy, convenient manner.

There are many factors that slow down businesses when it comes to the traditional method. One of the most inconvenient aspects is the fact that it takes time to find out how much you owe in taxes.

Most businesses are in a rush and they need to know as quickly as possible how much money they have to spend. Not knowing how much money you have available slows you down.

If someone wants to figure out how much they owe, they need to make some phone calls, wait until their accounts are checked, and then they receive a call back from the accountant who lets them know how much they owe in taxes.

Frank Dinucci is now traveling across the country to talk with startup and small business owners and explain how many resources they would save if they choose to use a cloud-based service.

A cloud-based service is also convenient for its users because there is no waiting time. You can open the application from any device and check how much you owe within seconds.

“In a nutshell, cloud-based accounting is secure, efficient, and convenient for any small business owner or entrepreneurs,” adds Dinucci.

The former college professor is aware of the fact that many small businesses and startups are bootstrapped and always thinking about how they can find more clients and save more money. The last thing they need is an expensive service they cannot afford.

“These small business owners should be able to handle their book, do it well, and not have to worry about spending thousands of dollars for someone else to do it miles away from the business.”

Over 20 million startups and small businesses across the country would benefit from a cloud-service that may be even safer than the traditional method.

Frank Dinucci says that the biggest concern people have is security and privacy. Documents can be damaged by floods or fires, and they can also be stolen.

But when you run a service on multiple servers that are backed up regularly, it is almost impossible for them to be hacked.

While Dinucci understands the concerns most people have, he also believes that their hesitant behavior resembles the attitude most people had in the past regarding credit cards. When they realized how safe and convenient is, they started using them right away.

“People were so hesitant when it came to online banking for their personal accounts,” says Frank Dinucci. “Now everyone can access their banking on their smartphone via an app.”

The creator of the cloud-based service is confident that many businesses will leave behind the traditional accounting method to save money and time.

Media Contact:
Eric Blankenship, 786-332-6554

 


Frank Dinucci Creates Cloud-Based Service, Saves Businesses Both Money and Time on Their Taxes

Frank Dinucci is helping startups and small businesses with his cloud-based service that fulfills any accounting or financial need.

The former college professor understands the tendency of many businesses, especially in the beginning, to neglect the accounting, reporting, and tax portions of running a business and focus on what they do know best. Instead, they hire an accountant without knowing that there is plenty of work to do on their side too.

Accountants are not only expensive but they cannot take care of all of the financial aspects of your business. You would still need to do the reporting yourself, which can take quite a lot of time.

These small business owners should be able to handle their book, do it well, and not have to worry about spending thousands of dollars for someone else to do it miles away from the business.

 FRANK DINUCCI

There are many inconveniences that slow down the process when using the traditional method too.

Startup owners and small business owners are always in a rush. When it comes to calculating the budget for a certain amount of time, they need to know how much they owe in taxes.

In order to figure this out, you need to give phone calls, wait until your account checks how much you owe in taxes, and so on. This process slows down any business that needs to calculate their budgets as quickly as possible, not to mention that an accountant charges quite a bit for their services simply because the whole process is quite complicated.

Frank Dinucci wants to transform the way startups and small business owners deal with their taxes and make the process easier and less expensive. The former professor created a cloud-based service that can help business owners handle their own financial reporting without spending money on an accountant.

The cloud-based service is also more convenient since the data can be accessed in the blink of an eye from a smartphone, desktop, or laptop, anywhere and at any time. This way, small business owners are always in control without having to spend thousands of dollars on an accountant that makes things a little bit more complicated, from reporting to helping the business find out how much they owe.

“In a nutshell, cloud-based accounting is secure, efficient, and convenient for any small business owner or entrepreneurs,” says Dinucci.

The former college professor knows the industry well. As a result, it is easy for him to identify the main pain points of business owners when it comes to accounting.

“These small business owners should be able to handle their book, do it well, and not have to worry about spending thousands of dollars for someone else to do it miles away from the business.”

Frank Dinucci now travels around the country to talk to startup and small business owners about his cloud-based service and how it can help them save money and time.

There are over 28 million startups and small businesses across the country that pour quite a lot of money into accounting. Dinucci hopes that many businesses will be open to the idea of using his service to save money.

Frank Dinucci knows there are some concerns regarding the security and the privacy of the data in a cloud-based service. However, he explains that the system is almost impossible to break.

Physical documents can be damaged by fires or floods. Even worse, they can be stolen, but digital data that is stored on multiple servers cannot be lost.

The servers also run regular backups to keep the files safe. If something happens, anyone can recover their data within seconds.

Another positive aspect of a cloud-based service is the fact that you can both save time on reporting and on checking how much you owe to the government.

Frank Dinucci believes that we used to be hesitant about new technologies in the past too. But when we realized how easy they make our lives, we adopted them right away.

“People were so hesitant when it came to online banking for their personal accounts,” says Dinucci. “Now everyone can access their banking on their smartphone via an app.”

The creator of the cloud-based service is confident that many will benefit from his work. He hopes that soon enough most businesses will use the new accounting technology.

Source: Web Presence, LLC

 


Frank Dinucci Created a Cloud-Based Service for Startups and Business Owners Who Want Low-Cost and Convenient Accounting

Frank Dinucci, Frank Dinucci Miami, Frank Dinucci Florida

Frank Dinucci, a former college professor, created a cloud-based service that can help any business with their accounting and financial needs. Many business owners don’t think about taxes, accountants, and reporting, but they should! Reporting takes quite a lot of time, and accountants can be quite expensive too, not to mention the inconveniences.

Each time business owners want to know how much they owe in taxes, they have to make a phone call and wait. These types of situations can slow down businesses because business owners don’t know how much they can spend right away.

Frank Dinucci noticed an opportunity in a cloud-based service that can help small business owners handle their own financial reporting without having to hire an expensive accountant. He wanted to give people instant access to all data from any location and device.

These small business owners should be able to handle their book, do it well, and not have to worry about spending thousands of dollars for someone else to do it miles away from the business.

 FRANK DINUCCI

“In a nutshell, cloud-based accounting is secure, efficient, and convenient for any small business owner or entrepreneurs,” adds Dinucci.

The man behind the cloud-based service has quite a lot of experience himself and knows how complicated and long the process can be.

“These small business owners should be able to handle their book, do it well, and not have to worry about spending thousands of dollars for someone else to do it miles away from the business.”

The former college professor came up with the idea of a cloud-based accounting service when he realized how expensive accounting services are for over 28 million startups and small business in the U.S.

He believes there are a lot of people who can save money and store their data in a safe and convenient manner while maintaining all the advantages of the traditional approach but adding a layer of safety and convenience to it.

When it comes to safety, Dinucci guarantees that a cloud-based service is more secure since the data is not actually stored in one place.

In fact, it’s not in the office nor on the desktop or phone of the client. Rather, the data is saved on different servers. This makes it impossible for the data to be lost or hacked. On top of this, the system is programmed to run several backups in case something bad happens to the servers.

Documents can be damaged or stolen, but having data on multiple servers with regular backups protects you against this. Business owners can recover their data with just a few clicks.

Dinucci believes that soon enough everyone will use cloud-based services in a number of industries.

“People were so hesitant when it came to online banking for their personal accounts,” says Dinucci. “Now everyone can access their banking on their smartphone via an app.”

The former college professor believes that eventually, everyone will realize that cloud-based services are as safe as financial services. He also makes it clear that people shouldn’t fear hackers in this case since multiple servers prevent attacks from taking place.

Frank Dinucci is confident and proud of his work. He believes that many people will benefit from his service since it is safe, convenient, and saves a lot of money for small business owners and startups.

After he found out that over 500 small businesses were saving up to seven hours per week by using a cloud-based accounting service, he knew that all of his work was beginning to pay off.

The creator of the cloud-based service wants startups and small businesses to focus all of their resources on things that matter to them instead of losing a lot of financial resources and valuable time on accounting.

Frank Dinucci is confident that soon enough more and more companies will adopt his low-cost solution to financial reporting and enjoy positive experiences with it.

Source: Web Presence, LLC

 


Frank Dinucci Creates a Cloud-Based Accounting Server for Entrepeneurs

Frank Dinucci, Frank Dinucci Miami, Frank Dinucci Florida

When starting a business, accounting and financial affairs are often the last things small business owners need to worry about. However, they are quite important.

One of the responsibilities that many entrepreneurs have no idea how to handle is accounting and financial affairs. Hiring an accountant can be expensive, and often times reporting takes time. Every time a business owner wants to know how much he owes to the government, he has to give phone calls and wait.

Frank Dinucci, a former college professor, is traveling across the country to show business owners that there is a better alternative to hiring an accountant: a cloud-based service that can be accessed at any time from anywhere.

These small business owners should be able to handle their book, do it well, and not have to worry about spending thousands of dollars for someone else to do it miles away from the business.

 FRANK DINUCCI

“In a nutshell, cloud-based accounting is secure, efficient, and convenient for any small business owner or entrepreneur,” adds Dinucci, who has a lifetime experience in accounting.

The former college professor adds that it would be easier for business owners if the system would be simplified.

“These small business owners should be able to handle their book, do it well, and not have to worry about spending thousands of dollars for someone else to do it miles away from the business,” explains Dinucci.

The cloud-based accounting software is the brainchild of Dinucci, and he believes that with over 28 million small businesses in the United States, there will be plenty of people who need his services to make their lives easier when it comes to financial and accounting needs.

The creator of the cloud-based accounting software believes that this option has all of the advantages of the traditional method without the downsides of standing in lines, scheduling appointments, or waiting to see how much you have to pay. Dinucci guarantees that all the data that is sent to the cloud-based software is safe because none of it is actually saved on the computer of the client, despite clients being able to check their status on their phones or desktops.

One of the biggest advantages of this method is that any business owner can see his full financial reports without having to give calls or drive to the headquarters. Everything can be accessed and shared with others through a smartphone or computer.

The owner of the cloud-based accounting software also explains that keeping your data in different servers is safer than keeping your data on a computer that can be stolen or hacked. Frank Dinucci created a system where all the data is stored on multiple servers with regular backups, and the information is sent over the internet, which makes it easier for small business owners to recover their lost data.

“People were so hesitant when it came to online banking for their personal accounts,” says Dinucci “Now everyone can access their banking on their smartphone via an app. This is similar to cloud-based accounting; being able to access all the information instantly in a safe and secure matter.”

Frank Dinucci is quite proud of his work, especially after he found out the results from a survey where over 500 small businesses were asked how much time they were saving per week by using the software. Over 40% said they are saving up to seven hours per week just because their accounting is now simplified.

Frank Dinucci is glad that his brainchild is now helping small business owners all over the country focus on things that matter the most instead of wasting valuable hours every week on accounting and financial matters. The creator of the cloud-based software also mentions that all the traveling and the work was worthwhile due to the positive feedback from his clients.

Source: Web Presence, LLC

 


Frank Dinucci Easing Minds of First-Time Small Business Owners on Cloud-Based Accounting

PRESS RELEASE  UPDATED: SEP 26, 2017

MIAMI, September 26, 2017 (Newswire.com) –  Starting a small business is a time-consuming and stressful time for any entrepreneur. One of those responsibilities when it comes to owning a small business is figuring out who will handle the accounting and financial affairs of the company.

Former college professor Frank Dinucci is traveling the country and easing the minds of small business owners and entrepreneurs by stressing the correct usage of cloud-based accounting for their respective business.

“In a nutshell, cloud-based accounting is secure, efficient, and convenient for any small business owner or entrepreneur,” explains Dinucci, who has years of experience in accounting and the financial world.

In a nutshell, cloud-based accounting is secure, efficient, and convenient for any small business owner or entrepreneur.

 FRANK DINUCCI

“These small business owners should be able to handle their book, do it well, and not have to worry about spending thousands of dollars for someone else to do it miles away from the business.” According to statistics released by Forbes in 2013, there are over 28 million small businesses in the United States, and over 22 million people are self-employed. With those numbers, these small businesses are employing over 120 million people. And those numbers are increasing yearly.

The practice of cloud-based accounting is similar to the traditional, on-site world of bookkeeping, but the software used for cloud-based hosting is on remote servers. Data and the small business financials are sent into “the cloud,” where it is processed and analyzed instantly into reports. All application or software functions are performed off-site, not on the user’s or owner’s desktop.

The big draw that Frank Dinucci is seeing for small business owners and entrepreneurs is being able to access these reports and full financial data on the company at any time of the day, via their phone or computer.

At home, on the train, at lunch; all of these places can now become the small businesses’ accounting headquarters with cloud-based accounting. The software updates the financial information automatically and provides financial reporting in real time. This provides the owner’s ability to trust that all of the information they are reviewing is always accurate and fewer errors are being made, which is bound to happen with manual entry.

Frank Dinucci stresses the safe and secure practice of cloud-based accounting. For small business owners, it’s safer and more reliable than storing your valuable financial data on your own computer. These lead to the possibility of having that computer stolen or misplaced, which would make it extremely difficult to recover that lost data.

All of the reports and data with cloud-based accounting is stored on secure servers and delivered to the owners and entrepreneurs over the internet. There are also regular backups of this information.

“People were so hesitant when it came to online banking for their personal accounts,” Dinucci adds. “Now everyone can access their banking on their smartphone via an app. This is similar to cloud-based accounting; being able to access all the information instantly in a safe and secure matter.”

Overall, small business owners and entrepreneurs are impressed and relieved with the amount of time they are saving switching to cloud-based accounting.

A recent survey of 500 small business owners saw around a quarter of those asked said they are saving up to two hours per week with cloud-based accounting. Over 40-percent saved three to seven hours.

“Not only are they able to access their information quickly, they are saving time in accounting and are able to focus on more important matters of the company,” Frank Dinucci proclaims. “Talking to these people six months down the road and hearing the stories and freedom they have received with cloud-based accounting makes the time and travel well worth it.”

Source: Web Presence LLC

 


Frank Dinucci Focuses on These Three Reasons Why Entrepreneurs Need Accounting Skills

PRESS RELEASE  UPDATED: SEP 25, 2017

MIAMI, September 25, 2017 (Newswire.com) – Frank Dinucci has spent years teaching people at institutions and workshops across the county the field of accounting. Lately, he has focused on helping small business owners and entrepreneurs learn the basic skills of accounting. These workshops and classes are saving business owners money and time.

While Dinucci has been implementing more cloud-based accounting during his workshops, he does stress three key reasons why all small business and entrepreneurs need to conduct their own accounting and keep their own books.

“These three reasons are so important to saving precious capital for a small business,” Frank Dinucciexplains. “And with the advancement of technology and software for cloud-based accounting, these reasons are even more important and relevant in the year 2017.”

And with the advancement of technology and software for cloud-based accounting, these reasons are even more important and relevant in the year 2017.

 FRANK DINUCCI

1. Making educated predictions on the future of your business

A small business owner or entrepreneur makes predictions through three basic projections: future revenues for the business, future operating costs, and assets needed to service future demand and customers. Keeping your own accounting, especially in a cloud-based structure, lets you have instant numbers and analyzation of your business in seconds.

While noticing trends in the business’ numbers, an owner can make educated decisions in supply and what their customers’ needs are. In a sense, a small business owner or entrepreneur can shape the needs and desires of customers and transform raw data in a way that changes and shapes the reality of their respective business.

2. Freedom to commit time and energy to important areas of business

To go along with being able to see the future in seconds via keeping your own books, small business owners can also free up time and energy into other important areas of their business. They come to making educated decisions but also being able to operate those new additions to a company.

Conducting your own accounting lets you have information at your fingertips, thus letting you add valuable services for your customers when noticing new trends and influx of revenue. This can go hand-in-hand with eliminating costs that are hurting the bottom line of a business.

This offers up the freedom and time for the company, rather than worrying about revenue and expenses and waiting for your accountant to get back to the owner; they have all this information available in the cloud-based system.

3. Measuring progress of business instantly

Is a business hitting their targets? Are they doing well in one area, but not being a valuable asset the company in another? These all can be measured instantly.

This can translate to accurately measuring results that are tied to individual effort, and you can reward those employees by understanding what is going on in your finances for the company. Keeping morale up in a business is important, and knowing how each individual is performing can factor into decisions for their respective owner.

Measuring the progress of the business in a way that links profits and processes helps your business become more productive because it allows you to highlight and pinpoint problem areas. Tying expenses to those employees responsible and sharing information helps prevent fraud. Transparency leads to more trust and a stronger sense of teamwork between the owner and their employees.

During Frank Dinucci‘s workshops and classes, he not only stresses the cloud-based accounting but these above-listed reasons for keeping your own books. Dinucci has now expanded where he conducts these workshops, leaving the Chicago area for other areas of the country. And it’s paying off.

“We have had such a tremendous reception that we are now planning to take our workshops to various other top cities across the country, such as Seattle and Los Angeles,” Frank Dinucci adds.

“We are seeing an ever-increasing number of entrepreneurs.”

Source: Web Presence LLC

 


Frank Dinucci Helping Small Business Owners Become Familiar With Accounting

PRESS RELEASE  UPDATED: SEP 20, 2017

MIAMI, September 20, 2017 (Newswire.com) –  The American workforce has shifted from delusional workers working for large corporate companies to entrepreneurship numbers booming at a large rate. Frank Dinucci is leading the charge when it comes to helping these small businesses know how to handle their books.

Statistics released by Forbes in 2013 show that they are over 28 million small businesses in the country while another 22 million people are self-employed. This has resulted in over 120 million people working for small businesses, which accounts for over 50 percent of the total working population.

While many of these companies have a strong idea of what their business should do to be successful, many first-time owners are green in the aspect of their finances.

There is a fine line between a mistake that you can correct instantly and the mistake that can close your business down.

 FRANK DINUCCI

“There’s a lot more to accounting and keeping your finances than just debit and credit, general ledgers entries,” Frank Dinucci explains. “This is a comprehensive and complex system that with prior knowledge can be used to gain insight that helps make the business determine correct decisions.”

Entrepreneurs strive to make their products and services as efficient as possible, but along the way, owners ignore the importance of accounting and keeping your finances correct. The problem is further exacerbated by the fact that these entrepreneurs typically operate in a highly competitive market with razor thin margins, which means they cannot afford to employ an individual or team of accountants to handle their books correctly.

“Mistakes happen almost all the time for first-time owners,” Dinucci adds. “There is a fine line between a mistake that you can correct instantly and the mistake that can close your business down.”

This is where Frank Dinucci’s expertise comes in.

Dinucci, a former Ivy-League accounting professor, has been traveling across the country to educate and spread awareness about the benefits and ways of error-free accounting. Dinucci also educates about the advantages of modern cloud-based accounting software, which can be used by small-business owners for easily keeping their accounts and books in order.

More importantly, this cloud-based software is a fraction of the price of hiring a real accountant, as it can be used to generate accounts and keep records. The problem is not many entrepreneurs are aware of the benefits of cloud-based accounting, which Frank Dinucci tries to make light of during his workshops.

When it comes to the cloud-based software, and comparing the system to having a person or team of accountants handling your books, these small businesses have shown to be able to save a lot in overheads in addition to gaining significant freedom which helps them gain maximum potential for their company.

Logan Cassell is the owner of a local small bakery in Chicago and has benefited from attending Frank Dinucci’s workshops.

“I have already figured out a few tweaks and tricks when it comes to keeping the finances of my business, but also saving money,” Cassell explains. “I’m in a much better position to do my taxes and my training has equipped me with the tools necessary to handle legal disputes on my own, properly.”

It’s stories like this one that makes what Dinucci does on a daily basis worthwhile.

“When I speak to these owners five or six months from the time of the workshop, they glow with delight about the money they are saving from doing their own books. It really is rewarding.”

Cassell smiles as he adds, “It is refreshing to see people like Frank Dinucci putting others ahead of themselves. We can all take a page out of Dinucci’s book and help the people around us to get closer to realizing their dreams.”

Source: Web Presence LLC

 


Frank Dinucci Teaches the Benefits of Cloud-Based Accounting for Small Businesses

PRESS RELEASE  UPDATED: SEP 20, 2017

MIAMI, September 20, 2017 (Newswire.com) – The word “accounting” can scare anyone who has not spent time learning the complex system of finances. But in reality, when taught the correct way and with the assistance of modern technology, small business owners can learn accounting and actually reap the benefits of doing their own business accounting.

Frank Dinucci has been traveling the country and teaching small business owners and entrepreneurs how they can save money while keeping their own books.

Statistics released by Forbes in 2013 report that there are over 28 million small businesses in the country while another 22 million people are self-employed. This has resulted in over 120 million people working for small businesses, which accounts for over 50 percent of the total working population.

Although these small businesses remain optimistic about a strong future, studies and surveys have indicated that most of them share one common fear: a lack of know-how of the best industry standard accounting practices.

The practice that Frank Dinucci teaches is cloud-based accounting software. This practice is similar to traditional, on-premises, or self-install accounting software, but the accounting software for cloud-based hosting is on remote servers. Data is sent into “the could,” where it is processed and returned to the user. All application functions are performed off-site, not on the user’s desktop. In cloud computing, users access software applications remotely through the internet or other networks via a cloud application service provider.

Using cloud-based accounting software frees the business from having to install and maintain software on individual desktop computers. It also allows employees in other departments, remote or branch offices to access the same data and same version of the software.

Frank Dinucci says there are several key distinctions between cloud-based and traditional, on-site accounting. For one, cloud-based accounting is more flexible. Accounting data can be accessed from anywhere on any device with an internet connection, rather than on a few select on-premises computers.

Secondly, unlike traditional accounting software, cloud-based accounting software updates financial information automatically and provides financial reporting in real-time. This means accounting balances are always accurate and fewer errors take place due to manual data entry.

In the on-premises world, every time a company grows, they encounter greater software license and maintenance costs as well as new licenses and fees for a database, systems management, and other software. The company might also have to make expensive purchases of new hardware, such as servers. With cloud-based solutions for their accounting needs, businesses do not get stuck with permanent, expensive upgrades to their software.

Relationships with vendors and distributors are extremely important for small business owners. Frank Dinucci explains that having cloud-based accounting is critical when a vendor questions why a bill has not been paid, that owner can leverage cloud-based tools so they can quickly search for invoices.

Advanced cloud tools allow team members to search by virtually any term to locate a bill and identify whether it was missed and pay for it quickly to preserve the vendor relationship.

Small-business owners start businesses because of passion for what they do — not to spend time managing paperwork. Migrating traditional accounting workflows to cloud-based solutions enables small-business owners to reduce time spent managing information and improve overall operational efficiency.

Fortunately, today’s small-business owner can take advantage of an ever-growing suite of organizational tools and technologies to reduce the headaches of managing invoices, bills, and receipts while increasing the time spent pursuing new business opportunities. These tools are increasingly available as cloud-based offerings, and most small businesses should consider migrating their current accounting workflows to the cloud.

Press Contact: Eric Blankenship 786-332-6554

Source: Frank Dinucci

 


Frank Dinucci Debunks Five Small Business Accounting Myths

PRESS RELEASE  UPDATED: SEP 20, 2017

MIAMI, September 20, 2017 (Newswire.com) –  Former Ivy-League accounting professor Frank Dinucci has been traveling across the country educating small business owners and first-time entrepreneurs about the benefits and ways of error-free accounting.

He also emphasizes the advantages of modern cloud-based accounting with using certain software, which can be used by entrepreneurs for easily keeping their accounts in order. For a fraction of the price of hiring a real accountant, it can be used to generate accounts and keep records.

But not many entrepreneurs are aware of the software available to them at a fraction of the cost of hiring a full-time accountant. And to go along with the non-awareness of the software, there are numerous myths that Frank Dinucci stresses can deter a small business owner from keeping their own books.

It’s the freedom and money saved that drives them to keep their own finances; it’s very rewarding when they see what a difference it does for themselves and their business.

 FRANK DINUCCI

Myth #1: Accounting is about math.

“This could not be further from the truth,” Dinucci proclaims. “Lots of professions use math for their respective field. Engineers, marketing positions, and many more jobs use math. But with accounting, they use the numbers to make reports, provide a detailed analysis of the company.”

Myth #2: Small business owners don’t need to learn accounting functions.

The workshops Frank Dinucci conducts across the county stresses that as a small business owner, you can run your own finances and books.

Modern day technology makes doing your own accounting much easier. Inputting numbers can be done throughout the day and be accessed from any location, even outside of the business. This makes it easier for an owner to keep track themselves and be able to generate reports on the spot.

And when it comes to having your finances closely tracked, it’s a must and important that your financials are kept for the entire year so that when tax season comes along, owners are prepared and it does not become a stressful situation.

Myth #3: Accounting is only needed during tax season

Accounting of your business is a critical component for businesses when tax time rolls around. But the truth is, you need accounting services year round. Having an accurate picture of your business at any given time can help you better estimate your costs and understand your revenue. Keeping the books up-to-date will come in handy when it comes to filing your taxes, as well as growth and profitability for the small business.

Myth #4: Small business owners do not need to keep their personal and business banking separate

This is extremely important. The Internal Revenue Service may limit some of your expenses, and more if your personal banking and business banking fall into the same account with the same bank. Also, this makes the business owner open to an audit by the IRS if your personal account and business banking account are not separate and able to be detailed. Business owners tend to make the mistake of writing personal expenses as business expenses; this would flag attention from the IRS.

Frank Dinucci notes this is a big no-no and stresses owners to keep their personal and business banking separate.

Myth #5: The savings of doing your own books is not worth the time

Frank Dinucci stresses this is not true. The amount of money an owner will save by learning and doing their own accounting will be greater than employing just one full-time accountant. While it does take time to learn the system, with new software and professors like Dinucci willing to help, learning on your own is worth the money saved in the long run.

While there are many more myths in the world of small business accounting and keeping your own books, Frank Dinucci has seen owners learn and become experts in keeping their finances and not outsourcing the work.

“It’s the freedom and money saved that drives them to keep their own finances; it’s very rewarding when they see what a difference it does for themselves and their business.”

Source: Web Presence LLC

 


Frank Dinucci Helps Small Companies Further by Providing Additional Accounting Workshops

PRESS RELEASE  UPDATED: AUG 22, 2017

MIAMI, August 22, 2017 (Newswire.com) – In an increasingly unstable and saturated job market, people are looking toward alternative methods of generating sustainable incomes in the pursuit of leading better lives. Self-help is the best help, and entrepreneurship is being promoted as a way to steer clear of the uncertainty pertaining to jobs and allowing individuals to establish themselves both economically and socially. Entrepreneurship has also given way to a new wave of innovations and solutions to any and every problem, with companies left and right seeking to solve issues faced in our daily lives.

Entrepreneurs strive to make their products and services as efficient as possible, but in the pursuit of operational efficiency, often ignore the accounting efficiency of their companies. The problem is further exacerbated by the fact that these entrepreneurs typically operate in a highly competitive market with razor thin margins, which means that they cannot afford to employ an individual or a team of accountants to handle their books correctly. Not having books in order can lead to some serious repercussions for the company and is one of the major reasons of start-ups closing down after operating for a short period of time. Hence, it is extremely important to ensure proper accounting and bookkeeping is practiced by the company from their inception. But keeping books is easier said than done, with various surveys concluding that the number one cause of concern among entrepreneurs is the lack of standards to follow while performing accounting and bookkeeping operations.

To help entrepreneurs gain knowledge of industry-class standards for accounting and bookkeeping, Frank Dinucci, a former Ivy-League accounting professor, has been traveling across the length and breadth of the United States to educate and spread awareness about the benefits and ways of error-free accounting. Frank Dinucci also elucidates the advantages of modern cloud-based accounting software, which can be used by entrepreneurs for easily keeping their accounts in order. For a fraction of the price of hiring a real accountant, it can be used to generate accounts and keep records. But, not many entrepreneurs are aware of the benefits of cloud-based accounting, which Frank tries to clear out in his workshops.

According to Frank Dinucci, entrepreneurs using cloud-based accounting systems in comparison to real accountants or even expensive software, save a lot in overheads in addition to gaining significant freedom which helps them to gain maximum efficiency in their operational capabilities. It also allows entrepreneurs to scale their business as per demand at a faster rate while giving them full control over their own data. The included CRM capabilities help entrepreneurs to gain new clients as well as bolster and strengthen their relationships with existing clients, thus guaranteeing significant increases in revenues. Frank Dinucci also says that committing to these cloud-based solutions takes the least amount of effort and can go a long way to make the company a successful venture and stay focused.

And entrepreneurs are attending Frank Dinucci’s camps in droves, so much that Frank Dinucci and his team are having to make alternate arrangements to ensure that everyone is given an opportunity. He is proud of being able to help these entrepreneurs to forge a stable path and help them gain financial freedom and the ability to achieve more. With demand for Frank Dinucci’s accounting awareness camps coming from all corners of the country, he has decided to organize more such camps all across the USA, from the West Coast to the East Coast and everywhere in between in the coming weeks. Marcus Smith, an entrepreneur from the Bay Area, felt that Frank Dinucci’s workshops helped him to clear his doubts and misconceptions about accounting and has made him more confident for facing any challenges in his business in the future.

Other entrepreneurs also echoed the same sentiments, with some even thanking Frank Dinucci for holding such camps to educate the American public. Everyone had a positive opinion of the cloud-based accounting software and unanimously praised how easy it was to use and operate. According to Frank Dinucci, it is an honor for him to guide these entrepreneurs on the right path, as he feels that they will make America’s economy stronger and would bring prosperity to all the people across the country.

Press Contact: Eric Blankenship 786-332-6554

Source: Frank Dinucci

 


Here is Frank Dinucci

PRESS RELEASE  UPDATED: JUL 27, 2017

New York City, NY, July 27, 2017 (Newswire.com) – Frank Dinucci uses love for accounting to share wisdom and drive with others. No stranger to education, accounting instructor Frank Dinucci got his education from some of the largest Ivy League institutions in the world. Once he graduated, he quickly found employment and enjoyed great success in the accounting industry.

Well-respected in the accounting community, Dinucci believes that the entire idea and value of a good accountant is lost on many from the young generation of accountants.

“I actually did a lot of case studies with my students pertinent to this issue. A lot of young entrepreneurs feel that it’s a job they can do additionally on top of whatever other duties they perform, without really going through proper academic and job training. The result is a lack of efficiency in running their small business, which really doesn’t really realize its true growth potential.”

There is a lot more to accounting than just debit and credit, general ledger entries. This is a comprehensive and complex subject area that with proper knowledge can be used to gain insight that helps to make the best business decisions from a managerial perspective. You can use it to restructure your business’ profile, provide financial reports and statements to potential investors for more capital, or you can even use it to avoid taking on debt and freeing tied up money by manipulating the terms of your accounts payable and accounts receivable.

 FRANK DINUCCI

Putting his love for the industry and desire to share this wisdom with the future of accounting, Frank Dinucci came up with a unique idea to conduct free workshops, seminars, and classes for the small business owners around Chicago.

The decision was based on the drive to teach them important accounting skills, techniques, and tools relevant that they can use to save money and become more aware of their financial well being.

Dinucci says, “There is a lot more to accounting than just debit and credit, general ledger entries. This is a comprehensive and complex subject area that with proper knowledge can be used to gain insight that helps to make the best business decisions from a managerial perspective. You can use it to restructure your business’ profile, provide financial reports and statements to potential investors for more capital, or you can even use it to avoid taking on debt and freeing tied up money by manipulating the terms of your accounts payable and accounts receivable.”

Not only has Frank Dinucci worked with some of the most prestigious firms in the country and providing free assistance to businesses in the Chicago area, he decided he wanted to make a difference in the world and help small businesses with their finances.  He has been visiting the small businesses of the Chicago area two days a week where he conducts free accounting workshops and classes for the business owners.

Dinucci helps build up the business owners from scratch, introducing basic concepts like debits and credits, revenues and expenses, general ledgers, accounts payable and receivable, and much more from the accounting industry. He takes the knowledge he has gained over his decades of experience to help the business owners learn the profession. In turn, he provides them with a way to earn certification in accounting and will help them in the market for jobs for accountants.

Not only has Frank Dinucci been able to draw over 30 businesses to his innovative workshop, a few of them have been able to understand the accounting part of their business.

Providing free workshops and classes to Chicago business owners, there is no question Frank Dinucci has a passion for the industry. Accounting is the language of business, as it is logically and beautiful in its simplicity and order.

Dinucci credits his love for the industry and problem solving for the reason to helping others gain the same appreciation for the accounting profession. His drive to help others become knowledgeable to analyze profits, losses and cost-saving measures are invaluable tools his clients and students will use for the rest of their time in the accounting industry. While the benefits of working as an accountant may not be well-known with rankings as the most glamorous job, the relationships Frank Dinucci has built – professionally and personally – will carry on in their respective careers and lives.

Source: Frank Dinucci

 


Frank Dinucci Helps Small Businesses With Accounting

PRESS RELEASE  UPDATED: JUL 18, 2017

New York City, NY, July 18, 2017 (Newswire.com) – America has been at the center of a small business revolution over the previous few decades. With an ever increasing amount of people disillusioned with the corporate rigmarole, entrepreneurship has been booming. Statistics released by Forbes in 2013 report that there are over 28 million small businesses in the country while another 22 million people are self-employed. This has resulted in over 120 million people working for small businesses, which accounts for over 50% of the total working population. Although these small businesses remain optimistic about a strong future, studies and surveys have indicated that most of them share one common fear: a lack of know-how of the best industry standard accounting practices.

Since over 98% of the small business owners employ fewer than 20 employees due to budgetary constraints, they often prioritize hiring workers to make their operations better and more efficient over hiring accountants to help with better managing their resources. Frank Dinucci, a former Ivy League accounting professor who is well respected within the accounting community, believes that the entire idea and value of a good accountant is lost on many from the young generation. “I actually did a lot of case studies with my students pertinent to this issue. A lot of young entrepreneurs feel that it’s a job they can do additionally on top of whatever other duties they perform, without really going through proper academic and job training. The result is a lack of efficiency in running their small business, which doesn’t really realize its true growth potential.”

Frank Dinucci, therefore, came up with a unique idea to put his teaching skills to great use: he routinely conducts free workshops, seminars, and classes for the small business owners of Chicago, in order to teach them important accounting skills, techniques, and relevant tools that can empower them to run their businesses more shrewdly and save more money.

“There is a lot more to accounting than just debit and credit, general ledger entries. This is a comprehensive and complex subject area that with proper knowledge can be used to gain insight that helps to make the best business decisions from a managerial perspective. You can use it to restructure your business’ debt profile, provide financial reports and statements to potential investors for more capital, or you can even use it to avoid taking on debt and freeing tied up money by manipulating the terms of your accounts payable and accounts receivable.”

“There is a lot more to accounting than just debit and credit, general ledger entries. This is a comprehensive and complex subject area that with proper knowledge can be used to gain insight that helps to make the best business decisions from a managerial perspective. You can use it to restructure your business’ debt profile, provide financial reports and statements to potential investors for more capital, or you can even use it to avoid taking on debt and freeing tied up money by manipulating the terms of your accounts payable and accounts receivable.”

It provides you with ways to implement a strategy and a vision for your business, and consequently tailor all business related operations and plans to best fit that goal. It lets you monitor and compare the running of your business with others in the industry so you can tweak and change things as you see fit. These young entrepreneurs are truly chasing the American dream while remaining self-sufficient, and those of us who can be of any assistance to them should help wholeheartedly. My workshops are free of cost and are held for two hours every Saturday and Sunday morning. Being in a class with other small business owners from the local community also helps form a tight knit bond between them. They interact with each other and pick up valuable tricks from each other. It helps foster a friendship that is beneficial to everyone.”

Cassandra Marsh is the owner of a local Mom and Pop bakery store in Chicago and has benefited from attending Frank Dinucci’s workshops. “First of all, it’s a relief to see people willing to help out local businesses for a change. While we just can’t compete with most of these big chains because of economies of scale, we provide a much more personal, better and satisfying experience. I never went to college so I have had no accounting experience under my belt, but Prof. Dinucci really made it easy and enjoyable to understand. I found it so fascinating that I’m currently taking an online course to further my knowledge so I can make sound decisions regarding my business.

I have already figured out a few tweaks that have saved me a decent amount of money. All those financial ratios, formulas and graphs have given me great returns! I’m in a much better position to do my taxes and my training has also equipped me with the tools to handle legal disputes properly so I can save my business from any potential harm.” Marsh is just one of the many small business owners from Chicago who vouch for Dinucci’s workshops. In a world where it is extremely easy to get caught up in your own life and interests, it is refreshing to see people putting others ahead of themselves. We can all take a leaf out of Dinucci’s book and help the people around us get closer to realizing their dreams.

Press Contact: Eric Blankenship 786-332-6554

Source: Frank Dinucci

 


Frank Dinucci Organizes Free Accounting Workshops for Inmates

Posted: Jul 07, 2017 7:39 AM PDT

Time for class!

According to a September 2015 study by the Bureau of Justice Statistics, Illinois’ prisons held inmates at over 150 percent of their intended capacity (32,000), making them the prison system with the highest rate of overcrowding in the country. A significant portion of these inmates serve time for nonviolent crimes, such as drug charges or DUIs, and belong to the poorer minority neighborhoods.

People are slowly coming to realize that private prisons now exist as a business rather than as a remedial correctional facility for law breakers. Every year, tens of thousands of these inmates are released and find it extremely difficult to reintegrate back into society. Once they have a prison stamp next to their names, they automatically get a bad rep and fail to get employed, suffer from a poor credit history and just fall into a struggle for life. The city of Chicago is the biggest offender, and its crime and homeless statistics are proof of the problem. Frank Dinucci, a well-respected Accounting and Finance Professor at an Ivy League College, has been working toward a way of solving this complex problem. For the last four months, Dinucci has been visiting the prisons of Chicago three days a week where he conducts and organizes free Accounting workshops and classes for the inmates.

There’s Always a Chance

“After these convicts do their time, they find it almost impossible to make ends meet because they don’t possess the skillset for a sustainable, stable 9 to 5 jobs to earn money and be able to stay off the streets, where most of the crime goes down. The best thing about Accounting is that you don’t need to go to a 4-year college to master the skills needed for a job. With the economy slowly on its way up and a new rising wave of startup culture, field experts have predicted tremendous growth in Accounting jobs over the next decade. It represents a great opportunity for these inmates who are looking to break free from their past.”

Accounting is a pretty vast field, so Dinucci makes sure he builds up the inmates from scratch. “We start out by introducing basic concepts like Debits and Credits, Revenues and Expenses, General Ledger, Accounts Payable, Accounts Receivable, how to value inventory, the whole nine yards. After we feel comfortable with their understanding and grasping of those skills, we move on to more nuanced topics such as Cash Flow Statements, Ratio Analysis, Income Statements, and Breakeven Point Analysis. It’s actually a very structured workshop and our sessions are almost as intensive as a college course. The difference is we don’t charge anything. We even hand out homework assignments that need to be completed in order to be eligible for attending the next corresponding training session. The inmates take it seriously, too, since they know this will make a difference to their lives. It’s like the most disciplined class ever, as if any one speaks out of turn or misbehaves, they’re shut down by the other inmates!

“At the end of the four months of training, we make them sit for an exam and if they pass, we provide them with a certification to prove their skills in the field of Accounting. This is hugely beneficial when they are in the market for jobs after completing their prison sentence. Those who’ve completed training with us but are still a while away from their release, get to be our Teaching Assistants for subsequent training sessions. We incentive this by transferring funds to their prison accounts as a symbolic gesture of faith and goodwill.”

True Sucess Stories

Dinucci has so far managed to draw over 30 inmates for his fascinatingly innovative workshop, and a few have gone on to get jobs as accountants after being released from prison. One of them, Wade Nodine, a 24-year-old who served a year for possession, now leads a more normal life with a steady job and he credits Dinucci for this turnaround. “I was always a hot head; my mind could never focus on one thing and I was always getting in the middle of bad situations. I made bad lifestyle choices, and have paid for my mistakes. The two years have given me time to reflect on what I want for myself in the future.

“Frank has been a lifesaver. I was never the kind to have any interest in books or learning, but I always had my way with numbers. I am much calmer and don’t get involved in drama anymore. I try to fill that time by learning more about Accounting since this is a legitimate way to earn a lot of money and support myself and my family. It’s been a month since I moved out, and I don’t plan on going back to the lifestyle that dragged me to prison. I owe this new life to Frank and I hope he can pull others like me out of the gutter. I’ve been very lucky that I even managed to get a job with this charge showing up on my background check. Most of the other guys I know from prison didn’t even get that second chance.” The role of people like Dinucci is thus critical in the broader context of our society.