For any small business, keeping a close eye on accounts payable and accounts receivable can be a challenging process. However, this is one key to helping your business run optimally, especially if your company handles hundreds or thousands of transactions on a regular basis.
It’s a natural mistake to make: thinking that you can manage inventory using an Excel spreadsheet. The problem is that relying on Excel spreadsheet templates means that your business will never be as profitable as you would like it to be.
For small business owners, it’s easy to assume that the accounting process will somehow run itself — as long as the business is making money, there’s not much to worry about, right? Wrong.
Having a constant pulse on what your customers are thinking is one way to drive competitive advantage for your business. Always-on Internet connectivity has become a huge advantage for companies attempting to connect seamlessly with customers anywhere in the world.
Upgrading your company’s business software doesn’t have to be a stressful, last-minute scramble. By taking a few steps earlier in the year, you can make the process of upgrading your software as seamless and worry-free as possible.
At the core of any accounting software is a bookkeeping system called double entry accounting. Double entry accounting simply means that any financial transaction has two equal and opposite sides to it.
Is your idea of networking little more than going to an event and handing out business cards with strangers? If so, you’re missing out on creating meaningful connections with talented individuals that can lead to new opportunities.
Entering a customer order can be a cumbersome task when using outdated software. It’s even worse if your current software is unable to track inventory correctly and you unknowingly sell out-of-stock products. This leads to customer dissatisfaction and can hurt your business.
Meetings are on the increase in the business world. This comes in spite of employee disdain. They consider them a waste of time, and for good reason. As a business manager or small business owner, your responsibility is to hold effective meetings that actually increase productivity and engage your employees.
