If you loathe bookkeeping, you’re not alone. Many business owners dread this very necessary task, and it can be hard to learn if you’re unfamiliar with accounting — so here’s your guide.
Tag Archive for Bookkeeping
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5 steps to bolster your business finances
by Mark Wright • • 0 Comments
By Mark Wright on Small Business – Advice and Ideas for UK Small Businesses and SMEs
In recent years, a number of large businesses have gone into administration, and this hasn’t resulted from lack of sales or custom, but rather a lack of control over finances, such as cashflow.
In fact, pre-pandemic, one in seven UK small business owners have been left unable to pay their employees on time due to finance and cashflow problems, while earlier this year 31 per cent of B2C firms reported that they will run out of cash within the next three months.
As we begin to emerge from Covid-19 restrictions, there are a number of key changes business owners can make to improve their business finances, and quickly.
#1 – Calculate your costs
It is vital to know your costs and one of the best cost-saving exercises is to regularly review your suppliers. As the famous 1980s story goes, Robert Crandall, the then head of America Airlines, calculated that if he just removed one olive from every salad served to passengers, no-one would notice and they would generate an annual cost saving of $100,000.
So, as a business owner, ask yourself this question: what is your one olive? We all
Hot Business News Today
5 steps to bolster your business finances
by Mark Wright • • 0 Comments
By Mark Wright on Small Business – Advice and Ideas for UK Small Businesses and SMEs
In recent years, a number of large businesses have gone into administration, and this hasn’t resulted from lack of sales or custom, but rather a lack of control over finances, such as cashflow.
In fact, pre-pandemic, one in seven UK small business owners have been left unable to pay their employees on time due to finance and cashflow problems, while earlier this year 31 per cent of B2C firms reported that they will run out of cash within the next three months.
As we begin to emerge from Covid-19 restrictions, there are a number of key changes business owners can make to improve their business finances, and quickly.
#1 – Calculate your costs
It is vital to know your costs and one of the best cost-saving exercises is to regularly review your suppliers. As the famous 1980s story goes, Robert Crandall, the then head of America Airlines, calculated that if he just removed one olive from every salad served to passengers, no-one would notice and they would generate an annual cost saving of $100,000.
So, as a business owner, ask yourself this question: what is your one olive? We all
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Better Bookkeeping for the Self-Employed
by Entrepreneur Store • • 0 Comments
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The Best Work-at-Home Jobs for Math Lovers
by Holly - The Work at Home Woman • • 0 Comments
By Holly Reisem Hanna Math is often a polarizing topic. Most people either love it or hate it. The good news is that even those who don’t like math at all can’t deny its importance. Business owners know they need someone with strong mathematic’s skills to keep their budgets in the black. If you geek […]
The post The Best Work-at-Home Jobs for Math Lovers appeared first on The Work at Home Woman.
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Why You Should Use Online Accounting Software Over a Spreadsheet
by Holly - The Work at Home Woman • • 0 Comments
Sponsored by Intuit By Holly Reisem Hanna It doesn’t matter if you’re an Etsy seller, blogger, home-based business owner, freelancer, or independent contractor — you need to track your income and expenses. If you fail to do so, you can end up with some major headaches and financial penalties down the road. In fact, when […]
The post Why You Should Use Online Accounting Software Over a Spreadsheet appeared first on The Work at Home Woman.
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How to Work From Home as a Bookkeeper
by Editor • • 0 Comments
By Holly Reisem Hanna Do you love working with numbers? Are you detail oriented, and enjoy figures and spreadsheets? Then bookkeeping may be your work-at-home calling! Working as a bookkeeper is an excellent way to make good money and gain the flexibility and freedom that you crave. Plus, getting started is easy. There’s not a […]
The post How to Work From Home as a Bookkeeper appeared first on The Work at Home Woman.
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How to Start a Remote Bookkeeping Business
by Editor • • 0 Comments
How would you like to work from home as a bookkeeper? To give you a realistic idea of what it’s like working as a remote bookkeeper, we got in touch with Callie Sitek, owner of TheSmartKeep.com. In this interview, Callie talks about the training that’s required, what a typical day looks like, how much she charges, […]
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How online bookkeeping helps save time and money
by Ben Lobel • • 0 Comments
Managing your accounts is often the last thing small business owners want to have to contend with.
When you are starting up, you want to be focusing on developing your business; whether that be through marketing, developing products, or finding customers.
Dealing with the numbers isn’t the most glamorous of roles, but online bookkeeping can be a helpful option.
Many small business owners take on the accounts task themselves. Some hire an accountant to to the books for them.
It takes time to get the accounts right, particularly if you are not a numbers person, but if done correctly your business will be in a great position.
It is imperative to do your bookkeeping accurately, otherwise you won’t be able to ascertain any useful information about your business, and also your accountant’s bill will be much higher because of the extra effort they have to spend to unjumble the mess.
Some business owners may think they have a great way of collating your finances, but are you sure you categorise all of your expenses properly?
Is your system more outdated and confusing than it needs to be? And, even if you use a dedicated piece of software for your bookkeeping, perhaps you’ve been inputting your invoices and
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New Training Shows How to Start Your Own Bookkeeping Business
by Holly - The Work at Home Woman • • 0 Comments
Even if You Know Nothing About Bookkeeping Something exciting is happening in the world of bookkeeping. What was once viewed as a boring business is now regarded as a real profession with great earning potential. More important, bookkeeping is an untapped business market waiting to be claimed by able individuals. Do you have what it […]