Tag Archives: Savings

Texas CPAs Offer Five Savings Tips for Summer Vacation Planning

Dallas, Texas (PRWEB) June 04, 2014

Are you planning to take a family vacation this summer? If so, it could become a pricey proposition. For those Americans with summer vacation plans, 41% expect to pay an average of $ 3,000 for transportation, lodging, meals, activities, entertainment and pet care, according to a new telephone survey conducted for the American Institute of Certified Public Accountants (AICPA) by Harris Poll. The Texas Society of CPAs offers some tips on how you can set a budget for and hold down the cost of a family trip while still having an enjoyable break.

Check Out Prices Ahead of Time

There are many online options to help you compare and minimize hotel and airfare spending, but it can be hard to budget when you’re not sure how much your everyday needs will cost. To solve that problem, search online for local restaurants that appeal to you and check out the menus to get a sense of meal prices. Visit the sites of museums or any other type of attraction you plan to visit to learn about entrance fees. Don’t forget, too, that you may need to rent a car or take taxis or public transportation to get around. Other expenses may include hotel Internet charges, fees for using an ATM outside your own banking network and currency exchange costs if you travel abroad. You’ll probably find yourself buying at least a couple of souvenirs to remember your trip, so add those to your budget, as well.

Read the Fine Print

Are you planning to visit a resort or take a cruise? While you may expect many amenities to be included, it’s smart to find out ahead of time what will cost extra. Hotels may charge for daily parking, for use of the pool or other facilities, or for renting bicycles, jet skis or other water craft. On a cruise, there may be added charges for alcoholic or other beverages and even for dining in certain on-board restaurants. Trips outside of your resort or on-shore cruise excursions may also cost extra, and you’ll probably have to ante up a little more for massages or other spa services.

Consider Ways to Cut Costs

Once you learn what expenses to expect, how can you keep a lid on them? If your hotel does charge a daily Internet fee, try to plan your usage so that you don’t need to get online as often or search for cafes or other locations with free wireless. If you’re flying, find out about baggage or other added fees and try to pack light to avoid them. To lower meal costs, seek out a hotel that offers free breakfast, cocktail hour or other great meal deals.

Get Settled

If you’ll be away for a week or more, check out online sites that specialize in short-term apartment rentals. You may find accommodations that are no more expensive than a hotel, but you will be able to make yourself some morning coffee, keep a stash of water bottles or soda and whip up a quick meal if you want instead of paying for a restaurant.

Think About a Staycation

The most effective way to save money is to have some fun right in your own backyard. If you’re dreaming of a vacation that will bring the family together, could you have the same fun by spending the day at a local amusement park or taking a day trip to the beach or a state park? If your budget is tight, remember that it may be possible to get a break without leaving home.

Turn to Your Local CPA

No matter what type of financial questions you’re considering, remember that your local CPA can help. He or she can offer the insights and advice you need to make the best decisions.

About TSCPA

TSCPA (http://www.tscpa.org) is a nonprofit, voluntary, professional organization representing Texas CPAs. The society has 20 local chapters statewide and has more than 27,000 members, one of the largest in-state memberships of any state CPA society in the United States. TSCPA is committed to serving the public interest with programs that advance the highest standards of ethics and practice within the CPA profession.







gI_156333_FirstOntario_RL

FMSIs Workforce Optimization Reporting Solution Leads to Sizable Savings for FirstOntario Credit Union


Alpharetta, GA (PRWEB) March 28, 2014

Financial Management Solutions, Inc. (FMSI) announced today that its Branch Staff Reporting and Scheduler has helped the$ 2.6 billion FirstOntario Credit Union (FirstOntario) make significant gains in controlling their workforce costs. With the detailed FMSI monthly metrics highlighting optimal staffing levels based on demand, FirstOntario achieved a 16% decrease over the last year in their average labor cost per transaction for their front-line staff.

“With our staff cost 25% higher than our competitors, we were very conscientious about adding staff in the right ways during a recent strategic growth mode,” says Kelly McGiffin, the President and Chief Executive Officer at FirstOntario. “FMSI provided us with the metrics to effectively control our cost, allowing us to know precisely where and when we needed the right number of staff.”

FirstOntario has been able to decrease its total staff expense as a percentage of total assets from 1.9% to 1.2% in the last five years—all while doubling in size.

“A lot went into our growth strategy and the FMSI solution is one of the most useful tools in our toolbox,” says McGiffin. “There is no doubt in my mind FMSI has helped us save a tremendous amount of money, and has been a crucial part in growing our business over the last year.”

Since implementing the FMSI system, FirstOntario has reduced their excess waiting for work expenses by 50%, and they have improved their front-line staff productivity by 19%.

“Maintaining front-line staffing at the ideal level to ensure member satisfaction can sometimes be a very credit union specific decision,” says W. Michael Scott, President/CEO of FMSI. “Without accurate information, most financial institutions are not equipped to make a proper evaluation. With more than 20 years of experience helping banks and credit unions improve the productivity of their staff, our unique solutions for measuring and forecasting transaction volumes regularly reveal areas for better service and increased productivity.”

About FirstOntario Credit Union

In business since 1939, FirstOntario Credit Union has more than $ 2.9 billion in funds under management, serves over 90,000 Members and offers a full suite of banking products including daily banking, mortgages, lines of credit, loans and investments. FirstOntario operates 27 branches serving 13 communities across the Hamilton, Halton, Niagara, Haldimand/Norfolk and Oxford regions and Membership at FirstOntario is open to anyone. FirstOntario is a proud advocate of the communities they serve and supports many important community organizations. FirstOntario is a founding sponsor for Hamilton Hive, and supports Co-operative Young Leaders (CYL) and youth at risk through Soupfest. FirstOntario also offers a scholastic bursary program and a microlending program in the Hamilton and Niagara regions. For more information please visit: http://www.FirstOntarioCU.com

About Financial Management Solutions, Inc. (FMSI)

Located in Atlanta, GA and established in 1990, FMSI provides easy-to-use, yet sophisticated, business intelligence systems – Branch Staff Reporting and Scheduler, The ContactCenter Management System™ (CMS), and the Lobby Tracking System™ (LTS)—that allow financial institutions to manage and staff to meet their service and sales needs. FMSI’s smart scheduling application gives banks and credit unions the ability to optimally schedule their team throughout the branch network, and to manage staff through easy to read color graphics, online interactive dashboards, and succinct management reports. FMSI provides performance management information exclusively to financial institutions of all sizes, including a workforce optimization comparative data benchmarking report that allows clients to see where they rank amongst their industry peers. Visit the company’s website at http://www.fmsi.com or call 877.887.3022 to schedule a complimentary online demonstration of any of our products.







Related Ways To Make Money Online Press Releases