When it comes to managing your business, there is one important aspect you need to get straightened out: your finances. Aside from the salary that your employees receive, they are also entitled to receive allowances for work-related travels and other duties they need to fulfill. However, it is easy to commit mistakes when important details […]
It is always a challenge for small businesses to keep up with the changes because they need to maintain a high level of productivity and efficiency. The race is going to be long and one of the roadblocks to maintaining efficiency is the delay in the bookkeeping process due to circumstances beyond an employer’s control. […]
Outsourcing a bookkeeper requires extensive research especially if you rely heavily on the Internet to look for some prospects. While setting some basic criteria can help you stay on the right track, it still pays to check other aspects for you to be sure that the person you have identified for the position can be […]
It is such a whiff of fresh air if a business owner sees a Profit & Loss Report that demonstrates positive figures because it only indicates that the business is heading in a favourable direction. However, little do business owners know that it takes more than just going over the reports to thoroughly understand its […]
We all have two hands and one brain, but why is it that we are more inclined into juggling several tasks at the same time? We rivet to the computer screen while grabbing a sip from a tepid cup of coffee, one hand is on the keyboard while the other is on the phone. Multitasking […]
Bookkeeping is probably one of the most dreaded tasks for small business owners. Aside from entering data and keeping accurate records, the process of recording all financial activities requires a great deal of work. Small business owners who have not anticipated the negative effects of ignoring bookkeeping will sure consider this task unnecessary so long […]
Are you considering changing your bookkeeper as you have noticed a dramatic change in his daily performance? You might be vacillating on whether to keep the same bookkeeper or hire a new one as you might just be overreacting or being unfair to your bookkeeper. It is indeed difficult to decide when you have been […]
Almost all businesses are vulnerable to payroll fraud and it involves a serious alteration of payroll system. There are a number of ways fraud can be committed and the most common is boosting the amount of salary that the employee is supposed to receive. This is already a cause for alarm especially for small businesses […]
Xero is a great bookkeeping tool. This short video provides a quick overview of what it can do for you and your business.
Every action that a small business owner takes can have a negative or positive impact on the business. While the financial health of your business may not be the only aspect you need to keep a watchful eye on, most business owners owe their success to proper management of cash. Without a doubt, many small […]