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19 April 2012
Bookkeeping is generally a significant part of a business whether it is a small or a large business. Basically, bookkeeping may perhaps be defined as the way of recording a business’s financial transactions or accounting in other words.
There are many ways to perform bookkeeping. You can do it manually if you would prefer it but you can do it more easily through the use of some application or software. The most common tool for easy bookkeeping is the Excel. Excel bookkeeping is easier because you can put standard formulas and you can also eradicate the cost as well as the control of a full time worker. Plus, Excel is really easy to learn but setting up that standard formula will take time.
Read more12 April 2012
Businesses nowadays are indeed using the Internet to advertise their products or services, to promote their brands and to encourage people to come and visit their business. From resorts to car shops, name it and you’ll have it. They are using the internet, specifically the social networking sites, blogs as well as forums to be able to spread everything about them. With the advent of the ever continuing innovations being made, it is really a huge move for improvement and for more profit to have an online site where people can see the things you offer. To do that, here are the 5 online tools every small business owners should take into consideration.
Read more11 April 2012
Software as a Service or most commonly known as SaaS is a software distribution model in which applications are hosted by a vendor or service provider and made available to customers over a network, typically the Internet. Using SaaS is very helpful to your business because first of all, with SaaS, the software is hosted and managed by the service provider, so you don’t have to worry about hardware and installation costs.
Read more6 April 2012
With the advent of huge development made on the World Wide Web, it has greatly affected all the different types of businesses. It is indeed a necessity nowadays to have a website, a blog, or even a page on social networking sites as well as being a topic in forums and other opinion gathering mediums like portals as well as high profile blogs. It will not only help your small business to be more popular but also to earn more and it will also help to improve their product or service to gain the loyalty of their customers. In Australia, these online communities have also been of much help in the improvement of all the aspects of small businesses. From, product and service improvement to marketing strategies, online communities have already created a big impact to them.
Read more4 April 2012
Should I pay my expenses when they come in or process them once a week or month?
As business owners, we should know our priorities, responsibilities, and obligations. One of these priorities, responsibilities, and obligations is paying the bills or expenses that our business makes. We all know that our income must exceed all our expenses in order to pay them and to know whether our business is profitable or not. One question that lingers on most of business owners from time to time is, “Should I pay my expenses when they come in or process them once a week or month?” We will try to get an answer for this question as we go along.
Read more21 March 2012
Last week I created 5 top reasons why I should accept Eftpos. Today I am going look into the benefits of having a cash only business.
A lot of small businesses operate as “cash only” business since cash is considered the most frequently accepted and accurate mode of payment for a business. With the advances of technology, business owners are recently facing the predicament whether they should contnue limiting payment options or not.
If you consider continuing to have a cash only business, here are some of the benefits that will surely be a relief to you.
Read more17 March 2012
Why are vendors willing to offer discounts for early payments?
For businesses to evolve, different marketing strategies are applied. And most likely, almost all businesses nowadays encourage customers to have early payments by offering trade terms, i.e. qualifying the customer to avail a certain percentage of discount if he is able to pay within 10 days knowing that his balance is yet to due in 30 days from invoice’s date. Scenarios like that are already familiar to consumers.
Vendors offer discounts for early payments for some reasons.
Read more15 March 2012
My business partner and myself started a software development company in 2006 called Avantic Software, mostly consulting and we got to build some pretty cool products over the last few years. We needed a project of our own, something that would get us out of this consulting game and a product we can call our own.
We had both been annoyed over the last 5 years on the lack of great and simple tools to help manage small businesses. We have both worked for large organisations that spend hundreds of thousands of dollars on Accounting, Billing and Customer Relationship products. There are also some very good software packages for medium sized businesses, if you are willing to spend up to and over a thousand dollars a year. There is nothing out their for the micro to small business, unless you are a big fan of excel.
Read more14 March 2012
Is there any good in accepting eftpos for your business?
Having a business is a great blessing especially when an owner knows the right strategies to run his business. And one of the concerns would be whether a business should accept eftpos as payment or not.
Accepting eftpos for your business has many advantages.
Since many people nowadays prefer paying with eftpos over cash, purchasing will be more convenient on their part. Eftpos systems are now accepting debit cards as well. It appears to be an advantage because if your customer doesn’t have cash but wants to purchase from your business, allowing them to pay via cards simply increases your sales.
Read more6 March 2012
We’ve always known that almost all businesses make use of invoices. Apparently, though, not all of us understand the reason behind that while others don’t even know what an invoice is.
Basically, an invoice is just another form of a bill and is an important commercial document that is presented by the seller of goods or services to his customers. What makes this document essential is that it has all the necessary information of those goods or services being sold.
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