Systems Operations

Systems administration, dev-ops, and operations of on-site and cloud systems. Secure, performant, and reliable systems infrastructure managed for you. Don’t settle for less, get the best.

Objectives

Our service is here to help your business create and manage its IT infrastructure.

  1. Blazing Fast: Our philosophy is, if it ain’t fast: its broken. Therefore, we will help you bring your production release to market, fast. Once its released, we will assure it loads fast.
  2. Customized For You: Your deployments all have specific requirements. We will work with your business to ensure your solution has been tweaked to perfection.
  3. Improve User Experience: We work closely and carefully to ensure your solution also meets the needs of your end-users. Once deployed, we will test and refine your solution.

Solutions

  • Database - Managed cloud SQL, No-SQL, and big data databases. Relational (structured) or file-based data storage.
  • Networking - Managed routing, DNS, active domain, email, and more. Connect your business to the world, with our networking services.
  • Content - Content creation, content management (CMS), and content publishing. Deliver your message to the world, with our content services.
  • Hosting - Static site hosting, dynamic site hosting, and application hosting. Do business with our secure and reliable hosting services.
  • Dev-Ops - Git repo management, source code management, and software version management. Update and support your systems with ease.
  • Project Management - Management of remote teams, progress updates and tracking, and live consultation. We make it happen from beginning to end.

Support

Faithful Representation

Faithful representation means that the actual effects of the transactions shall be properly accounted for and reported in the financial statements. The words and numbers must match what really happened in the transaction. The ingredients of faithful representation are completeness, neutrality and free from error.

Enhancing Qualitative Characteristics

Verifiability

Verifiability implies consensus between the different knowledgeable and independent users of financial information. Such information must be supported by sufficient evidence to follow the principle of objectivity.

Comparability

Comparability is the uniform application of accounting methods across entities in the same industry. The principle of consistency is under comparability. Consistency is the uniform application of accounting across points in time within an entity.

Understandability

Understandability means that accounting reports should be expressed as clearly as possible and should be understood by those to whom the information is relevant. Timeliness: Timeliness implies that financial information must be presented to the users before a decision is to be made.


Statement of cash flows

The statement of cash flows considers the inputs and outputs in concrete cash within a stated period. The general template of a cash flow statement is as follows: Cash Inflow - Cash Outflow + Opening Balance = Closing Balance

Cash Inflow Outflow Opening Balance
Monday Tuesday Wednesday
1 2 3

Example 1: in the beginning of September, Ellen started out with $5 in her bank account. During that same month, Ellen borrowed $20 from Tom. At the end of the month, Ellen bought a pair of shoes for $7. Ellen’s cash flow statement for the month of September looks like this:

  • Cash inflow: $20
  • Cash outflow:$7
  • Opening balance: $5
  • Closing balance: $20 – $7 + $5 = $18

Example 2: in the beginning of June, WikiTables, a company that buys and resells tables, sold 2 tables. They’d originally bought the tables for $25 each, and sold them at a price of $50 per table. The first table was paid out in cash however the second one was bought in credit terms. WikiTables' cash flow statement for the month of June looks like this:

Important: the cash flow statement only considers the exchange of actual cash, and ignores what the person in question owes or is owed.

Statement of financial position (balance sheet)

The balance sheet is the financial statement showing a firm’s assets, liabilities and equity (capital) at a set point in time, usually the end of the fiscal year reported on the accompanying income statement.

  • fixed assets
    • property
    • building
    • equipment (such as factory machinery)
  • intangible assets
    • copyrights
    • trademarks
    • patents
      • pending
      • international
  • goodwill

Owner’s equity, sometimes referred to as net assets, is represented differently depending on the type of business ownership. Business ownership can be in the form of a sole proprietorship, partnership, or a corporation. For a corporation, the owner’s equity portion usually shows common stock, and retained earnings (earnings kept in the company). Retained earnings come from the retained earnings statement, prepared prior to the balance sheet.