A business that lacks a budget sets itself up for various financial issues in the future. This applies to businesses of all sizes and ages. On the other hand, a business that creates long and short-term business goals by developing a comprehensive business plan can develop a roadmap for economic success and expansion opportunities. Here’s a […]
Category: Budgeting
Can’t Keep Up with Bills? QuickBooks Online Can Help
Can’t Keep Up with Bills? QuickBooks Online Can Help There are more pleasant accounting tasks than paying bills, but QuickBooks Online organizes and simplifies this critical chore. How does your company keep track of its bills now? If you’re like a lot of small businesses, you’re still dealing with a lot of paper. You may […]
Better Budgeting Using QuickBooks Online Plus
Better Budgeting Using QuickBooks Online Plus Everyone groans when budget time rolls around. QuickBooks Online Plus offers tools that simplify the process. Budget. The word evokes a sense of dread in most small business managers’ minds. Large corporations have entire teams of accountants that work on this critical element of financial planning. You, on the […]
Using Sales Receipts: When? How?
Using Sales Receipts: When? How? Some types of businesses always use sales receipts. Some use them occasionally. Here’s what you need to know about them. How do you let your customers know how much they owe you, and for what products or services? In these days of ecommerce and merchant accounts, your customers may provide […]
Creating One-Time and Recurring Bills in Xero
Creating One-Time and Recurring Bills in Xero Making money is more rewarding than spending it on business obligations. Xero takes some of the drudgery out of your accounts payable duties. Managing cash flow is a challenge for most businesses. There are many things you can do to encourage customers to pay on time, but you […]
User Roles in Xero: How to Define Them
June 2015 If you have multiple users in Xero, you’ll probably want to restrict them to specific areas of the site. If you were still using a paper accounting system, it’s unlikely that you would let everyone dig through file folders, peer at your checkbook register, or look at other employees’ pay stubs. Xero knows […]
How To Create A Budget For Your Small Business
When you own a small business, a budget can be an important tool for business growth and keep you on track. Budgets provide a road map that guides you from present operations to the ultimate expansion and growth you envisage for the business and facilitate the attainment of these goals. Sustaining a small business and […]
Cash Flow – 21 Ways To Improve Cash Flow
21 Ways To Improve Cash Flow: If cash flow is a problem for your business, trust me, you are not alone. Many growing businesses struggle with cash flow – having enough cash on hand to cover all of their expense. In fact, a growing business can cause a shortage of cash because you may have to […]
Hourly Rate – How much should I charge?
Hourly Rate – How much should I charge per hour? How did you figure out your hourly rate? If you just pulled a number out of the air or went with what a competitor is charging, you may not be charging what you need to charge to have a good profit margin or even cover […]
Budgets – The Benefits
Benefits of a Budget When you hear the word “budget,” what do you think about? Most people would say something similar to “Ugghh!” If you would rather do just about anything besides create a budget, you’re not alone. The word “budget” brings up connotations of endless numbers, constraints, the opposite of freedom and creativity, and […]