Simon T. Bailey has 3 unique tips to start the morning and they all start with apps! Check out this video to learn more about these great ways to start your day.
Saturday, November 30, 2019
Wednesday, November 27, 2019
Sunday, November 24, 2019
QuickBooks Payments lets you accept credit cards, debit cards, and ACH bank transfers. QuickBooks processes the payment and records the transaction for you all at once.
You can take payments directly from customers on your computer or mobile phone, either manually or with a card reader. You can also include payment options on invoices so your customers can pay you faster.
This video shows you how to set up Payments in QuickBooks Online.
Thursday, November 21, 2019
If you're looking to be a better leader in all aspects of your life, you have to hold yourself accountable. Accountability is keeping your commitments to people. Holding those commitments will build deeper, more meaningful relationships and when you build deep relationships with people, you create loyalty and trust. Once you create loyalty and trust, people will never want to let you down because they know that you'll never let them down.
Monday, November 18, 2019
Friday, November 15, 2019
Tuesday, November 12, 2019
The worst cash flow mistakes a small business owner can make can be counted on one hand. They have one thing in common, and that's about failing to follow the money. They're about keeping your eye on the prize, and we go through them here, ending with advice about how to track your own company money using expense management software for small businesses...
Failing to think before you splurge. Great! You've started a business. You're on the road to fame and fortune, and now's the time to invest in an expensive suit and a new car, isn't it? No, in short, it isn't. This is exactly the time NOT to commit money - yours of the company's - to anything you don't need. So there's the first lesson. Understand the difference between 'want' and 'need'. To succeed in business you need a phone, but the Armani suit can wait...
Expecting the best. This is about your financial planning. Understand that you're not going to be a millionaire in the first year. On the contrary, you'll be doing well if you can afford to pay yourself anything like a salary in Year One. If you overestimate the number of units you can sell or the clients you can get to come on board, then revenue will be lower than you predict, and you may find yourself overstretched with any finance package you've put in place.
Offering credit. Poor paying suppliers can cripple small businesses. If you're made to wait for payment, that's like offering them an interest-free loan, and you shouldn't do it. It's perfectly reasonable to ask for payment up front, so long as you're ready to honor your commitment. After all, you wouldn't expect the local supermarket to give you a month or more's credit on your grocery shop (though if you're a supplier to them, the boot would be on the other foot). In general, large organizations are slower payers, and also have complex internal procedures in place about how and when payments can be made. Better to work with smaller companies, where you have direct access to the person with the power to pay.
Being cash poor. If you've made careful and conservative cash flow forecasts in the early days of your business, everything's fine, so long as cash moves as you'd predicted. But what happens if it doesn't? If you have no cash cushion you could be in trouble. Try to have a couple of months-worth of cash in the bank so you could carry on if you had no income at all. It'll help you sleep easier, too.
Not making an unpaid finance assistant work for them. Bet that caught your attention didn't it? This is not about the kind of modern slavery that has people working for nothing, but it's about technology. It's about arming yourself with good quality business expense management software for small businesses and being disciplined in its use. In the early days of your business, you need to be especially careful with money, because having little of it generally sharpens the focus in the need to be a good money manager. In later years, when you've earned a wedge, there's no reason to take your foot off the control pedal. Keep a tight rein on finance, and you'll be rewarded with better dividends in the future. Selection of the right small business expense management software will enable you to keep track of expenses very easily, but more importantly, it will allow you to interrogate the data, and show you how effectively you're managing spending and cashflow - and show where improvements can be made. And picking the right package means it'll offer excellent value for money because the savings you make by using it are probably going to be more than the cost of investing in it in the first place.
Article Source: http://EzineArticles.com/expert/Sunita_Nigam/2148823
Article Source: http://EzineArticles.com/9954112
Saturday, November 9, 2019
The final step in the sales process is to record your bank deposit. We’ll go over how to do this using the Undeposited Funds account. This lets you group multiple customer payments together into a single bank deposit. However, this step is not necessary if you already deposited the funds directly into your bank account in QuickBooks during the receive payment process.
If you want to know how payments get into Undeposited Funds we cover that in our videos on How to Record an Invoice Payment and How to Record a Sales Receipt.
Thursday, November 7, 2019
Become a leader by modeling yourself after the best.
We describe leaders as people who carry themselves differently and possess a magnetic charisma. Leaders are the alphas: they are instantly memorable, hold authority and seem to be ahead of the game. In this video, I will you share with you how leaders use their body language and nonverbal communication to appear more powerful, trustworthy and successful.
Sunday, November 3, 2019
QuickBooks comes with some basic products and services but setting up your own gives you more accurate reports and helps to save you time later. This video will show you how to:
- Set up QuickBooks to match what you sell
- Choose between inventory, non-inventory, and service type items
- Know which fields are important and which ones you can skip when you set up a product or service
- Get more accurate reports and save time later