Are you manually entering data into your accounting system? If so, there may be a way to enter that data that’s faster, cheaper, and better. Data entry automation has come a long way. Here are five common ways to automate data entry so that it no longer has to be manually entered. 1. Bank feeds or online banking If you’re still entering your bank transactions, the good news is you have an opportunity to save…
Read MoreTime is precious for most of us these days, and often, we need help at home so we can have more time to run our businesses or careers. That may mean hiring help for personal tasks such as caregiving for the young, elderly, or special needs family member. When you first hire a household worker, there’s a whole different set of rules to follow compared to hiring for business. Underground Payroll There is a whole…
Read MoreHow much time do you spend each day looking for information about orders, customers, vendors, or employees? If it’s a lot, a little spring cleaning might pay off. Here are five quick tips to assess and improve your information access. Your Librarian Large companies often have a librarian on staff that is in charge of stored documents, both physical and virtual. It’s not a bad idea to have this function in your small business, although…
Read MoreMany small business owners focus on generating more revenue every year, and that’s a great objective. But not all revenue is created equally. If you sell more than one product or service in your business, then you can benefit from looking at your revenue mix. Although it’s fun to watch our revenues grow, it’s the profit number that really matters. If your expenses grow faster than your profits, then you have a lot of activity…
Read MoreWith the holiday season just around the corner, it’s a perfect time to get your financial records in order. Tax moves you make now can mean finding more “green” to spend on family gifts and festivities. Here are five quick tips for you to feel more prepared about your financial status as you go into year-end. Avoid Penalties This time of year is ideal to double-check your tax payments to make sure enough has been…
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