Getting paid on time is crucial for your business. But you don’t want to spend your time chasing down customers and trying to figure out who needs to pay you and when. To make sure you don’t suffer from a lack of cash flow, SalesGURU has a few features (and shortcuts) that can automate parts of the invoice process to save you time and get paid faster. We’re going to cover three specific ways you…
The simplest way to start a business is one where you and the company are one and the same. This is called a “sole proprietorship”, and it makes getting paid very easy, as long as you follow a few simple steps. How do I pay myself as a proprietorship? Now, for the good part – getting paid! The first recommendation is that you set up a business bank account, so that you can keep your…
Account reconciliation is when you compare your accounting records to the bank-provided financial statements. Essentially, you’re looking to make sure the information, transactions, and dollar amounts match. It’s one of the easiest ways to identify errors or detect fraud. Why you need account reconciliation Cash flow is a constant challenge for small businesses. Three-quarters of entrepreneurs feel they need more cash, and the second-biggest reason they fail is that they run out of it; 20% of small businesses inevitably fold in…
What’s the best invoice app for small businesses? Without a dedicated accounting team, the job of invoicing falls to small business owners themselves. But using software to create an easy invoice can make your life as a small business owner far simpler. What’s the best invoicing app? Here are seven well-known apps that could make your life as a small business owner easier. SalesGURU SalesGURU by Concon Solutions is one of the most cost-effective and…
This article is for educational purposes and does not constitute legal, employment, or tax advice. For specific advice applicable to your business, please contact a professional. There are a few common financial mistakes small business owners might make that could be avoided with the right planning and tools. Here are a few money mistakes to keep your eyes on as we start off the new year. Mixing business and personal accounts Many small business owners…
Setting up proper payment systems and methods is an essential part of running a small business. Whether you’re initiating payments for your business expenses or setting up various payment schemes for your customers- it’s a good idea to keep recurring payments in mind. But what exactly are recurring payments, and why should they matter to your company? What are Recurring Payments? In simple terms, a recurring payment is a repeating payment. This cost or payment…
Understand the challenge It is not an easy task to turn a parent on time and the effort required to run a business. That is especially true when your children are young – the first years are when children need the most attention. If you want your home business to be successful, it requires careful planning, hard work and the right attitude. So here are six production tips, Find the right time Managing children and…
A Microsoft Word or Excel-generated invoice template may seem like a great option. After all, an invoice is just a one-page sheet of paper with some numbers and descriptions, right? Wrong. That piece of paper is just one part of the process of running your business and getting paid, and using a Word or Excel template creates as many problems as it solves. Online invoice software is much more efficient for invoicing purposes than traditional invoice templates. Here are 5 reasons why you…