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4 Frequent bookkeeping pains for small businesses

Small business owners try their best to attain maximum self-sufficiency. This is largely due to restricted resources. But many times, this results in the wrong evaluation of priorities. Too much emphasis on revenue generation and brand development overlooking the significance of crunching numbers is a big issue for in small businesses. Small businesses need to understand that stable accounting and finance basis substantially impart to outstanding results. Considering accounting a petty issue, normally owners [...]

2018-06-20T12:31:09+00:00 June 20th, 2018|Bookkeeping, Business|

Should You Do Your Own Business Bookkeeping? – Get Your Business on Track

Business owners are frequently bombarded with unsolicited bits of advice. Top of the list is about own business bookkeeping. Until you are a financial brat, bookkeeping is something that is difficult to tackle on your own. Introduction of new policies, procedures and tax regulations (particularly VAT recently introduced in UAE) may simply cheese off small business owners. Ground realities play the vital role in concluding the most favorable option whether to outsource bookkeeping or [...]

2018-05-24T05:57:52+00:00 May 27th, 2018|Accounting, Bookkeeping, Business|

QuickBooks for Sales Management – Maximize Your Sales Team & Strategy

Focussed energies in the right direction can reap maximum fruits in the minimum time. The phenomenon works pretty much the same for Sales section if you synchronize all sales procedure with QuickBooks. You can now manage your entire sales functioning on the go. Forget about any time restrictions, as long as you have opted Alterf Services to offer QuickBooks services you are in a safe zone. QuickBooks for Sales management is the smartest declared [...]

2018-05-24T05:12:21+00:00 May 24th, 2018|Accounting, Bookkeeping|

How an accountant can help a business

Stable business means the replication of effective operations. As long as the breakeven is achieved entrepreneurs prefer to pursue tried and tested strategies rather than tracking new avenues. Experimentation is essential to outclass competitors. Although risky, yet fruitful results worth it. Finance and accounts department is something that requires extraordinary vigilance and skills. But this should not be considered as a limiting factor. Play smartly and turn the tables by contracting with the pro accountant. [...]

2018-05-18T09:32:44+00:00 May 15th, 2018|Accounting, Bookkeeping, Business|

Ways to Increase Sales for Small Business

Now that your business is smartly meeting the breakeven you might be inspiring for big numbers. Craving for prosperous future is innate to every small business owner but what about the tough budget? Well, it is rightly said when there is a will there's a way and same applies to a pocket tight situation. With similar resources, a slight sales strategy shift may improve sales performance. Here we've discussed ways to increase sales for small [...]

2018-05-21T03:59:17+00:00 May 15th, 2018|Business|

11 Methods on How to Improve Cash Flow for a Small Business

Every phase of business cycle needs different operating strategies. Once the business starts prospering as a going concern, cash flows require a serious attention. Healthy balance sheets may simply crash if no check is present on cash flows. Liquidity of cash is utterly required to lubricate the business wheel. The minute this lubricant starts drying out, consequences will be evident. Working on each section of cash flow statement i.e. operating, investing and financing activities [...]

2018-05-18T09:52:48+00:00 January 7th, 2018|Accounting, Business|

Benefits of Outsourcing Payroll Services

Benefits of Outsourcing Payroll Services Payroll department in any organization is one of those significant departments that call for vigilant handling. Payroll is much more than salary disbursement. Allocation and calculation of salaries, bonuses, benefits, and deductions are few examples of this wholesome tasks. Both time and energy are required in ample quantity to successfully accomplish these responsibilities. Larger organizations normally set up an entire payroll department to smooth out operations. Small businesses, however, [...]

2018-05-18T09:57:10+00:00 December 12th, 2017|Accounting|

Top 3 Retail Industry Challenges

Retail is the most client engaging industry. Customer check-ins are more than just buying and selling the main product. The retail industry owes its foundations to strong supply chain management, costing, and managerial efficiency and customer satisfaction. It is exposed to unique challenges since it is both capital and labour intensive. Regardless of the scale of operations of the retail store, following are the top 3 challenges faced by the retail industry: Managing Cash Flow: [...]

2018-05-18T09:49:36+00:00 November 21st, 2017|Business, Review|

4 Small Business Bookkeeping Tasks That You Can Outsource

The struggle of small business owners is peculiar in its own way. Every single day is committed to plenty of to-do task and still a pile of pending works. The responsibility for too many tasks shifts the focus from core concerns. Strategic goals that embark the business empire should not be taken for granted. Prioritization is the key. Ventures that solely demand owner’s presence like the capital arrangement and decision making should be focussed [...]

2018-05-18T09:46:03+00:00 November 16th, 2017|Bookkeeping, Business|

Top 10 Business Growth Ideas

Business growth is simply achieving big numbers. This normally entails refining some business measures and practices. Businesses acquire growth either with improved sales by targeting top line or with cost cutting by focusing on the bottom line. A good entrepreneur always looks for effective time management. Business growth and development is not a matter of luck, it comes to those who struggle with it. In this article, we will discuss top 10 business growth ideas [...]

2018-05-18T08:02:41+00:00 November 15th, 2017|Business|