Are you detail-oriented and enjoy math and spreadsheets? Then, becoming a virtual bookkeeper might be your career calling. Here is how you can work from home as a bookkeeper! Are you detail-oriented and enjoy math and spreadsheets? Then, becoming a virtual bookkeeper might be your career calling. Here is how you can work from home […]
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By Ryan Grundy on Small Business UK – Advice and Ideas for UK Small Businesses and SMEs
There’s no getting away from it – if you run a small business, you’ve got to run its bookkeeping too. Sometimes, this can seem like an overwhelming and lengthy job, especially if you’re not 100 per cent sure what you’re doing.
You also probably find it a bit of a chore, since you didn’t start your business to search through boxes of receipts, enter data into spreadsheets, or read through bank statements at eleven o’clock at night.
Here’s the good news. With the right approach and tools, you can make sure all aspects of bookkeeping when it comes to your small business are meticulously taken care of, without feeling stressed or sacrificing too many hours each month.
In this article, we’ll show you how.
It covers:
What is bookkeeping?
Can I do my own bookkeeping?
How to make bookkeeping easier
Which software features to look out for
What is bookkeeping?
Using “bookkeeping” and “accounting” interchangeably is common, but the two terms do have different meanings. You’ll need to know the difference, because accounting is not something you can really tackle all by yourself (though you’ll still need high involvement in it).
So, how do they
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.
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
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
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 […]
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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.
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.
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, […]
