Keeping Your Accounting Records

3 Reasons to Keep Your Bookkeeping and Accounting Records

Some small or even big business owners will neglect their bookkeeping and accounting records. Unfortunately, it’s very easy to fall into this practice. But what happens if your records fall behind? Procrastination can lose you money. It also makes it harder for you to make sound decisions. To improve your business, you need to get your records updated. Let’s look at the three major benefits of doing so.

Updating Your Bookkeeping and Accounting Records Makes Lodging Tax Returns Easier

To file your annual tax returns, you have to keep careful track of your income and your expenses. This includes your gross earnings plus any additional income you may receive. You also need to keep careful track of the expenses you’ll claim as a deduction. This means documenting every business trip and every repair and maintenance expense. Additionally, you have to keep track of your home office expenses and other transactions. But what happens if you decide to wait until tax season to get your records in order? Without regularly updated accounting records, paying your taxes becomes a nightmare. You’ll lose a great deal of time preparing your documentation. Because of the increased workload, your accounting expenses will be higher too. So why not stay one step ahead?

Your Records Also Improve the Way You Manage Your Time and Resources

If it comes to an auditing process, updated records will save you from a great deal of stress. But these records aren’t just useful when it comes to dealing with the government. They can help you make better-informed business decisions. You can make amazing improvements just by studying the numbers. For example, you may be performing a service that’s wasting your time without bringing in profits. In this case, you might need to outsource it. Without records, you won’t know how much of your profit comes from each service you perform. Accounting and bookkeeping records also give you an idea of your clients. You may have a feeling that some of your clients are draining your resources. But without clear records, you can’t make unbiased decisions about it. Your goal is to use bookkeeping records to filter out low-quality clients. This approach lets you improve your income a great deal. But you can also use your records to make decisions about your expenses. For example, you may need to cut back on products that aren’t bringing insufficient profits. Your records may indicate that it’s time to change business partners. There are many other changes you might have to make.

You Can Grab New Opportunities

When an opportunity presents itself, you need as much data as possible. Your accounting and bookkeeping records give you information about your cash flow. Additionally, they provide you with a firm idea of what your business is currently capable of. This means that you’ll have a better idea of what to aim for. You can use this information while you negotiate. It is considerably easier to plan ahead when you have records to rely on. Others may want access to this information too. Up-to-date accounting records can help you demonstrate your financial position. This is useful to prospective business partners of any kind.

What Can You Do If You’ve Fallen Behind?

Many business owners start by keeping records themselves. But as things become more complicated, accounting and bookkeeping fall by the wayside. Is this the case for you? If so, you could make use of our expertise. There’s no need to do all this alone. Keeping updated records will save you from worrying when it’s time to file your taxes. But even more importantly, it gives you valuable information about your business. This will increase your profits and protect your business from risk. 

Author’s Bio

Alex Morrison has worked with a range of businesses giving him an in-depth understanding of many different industries including home improvement, financial support, and health care. He has used his knowledge and experience to work for clients as diverse as BYO Group, Adroit Insurance, and Simple Biz to help them reach their business goals.


Biz Cards Can Catch Attention

6 Creative Business Cards Sure To Catch Attention

Having a creative business card can help you make an awesome impression with our potential clients and partners. That said, there are hundreds of design ideas out there, so choosing the best one may take a significant amount of time.

Below, we’ll go over the importance of having a business card and list 6 examples of creative business cards that are sure to catch people’s attention.

Do I need a business card?

The Importance of Having a Business Card

There is no doubt that modern society is driven by technology and innovation. Although you may think that all entrepreneurs rely on digital means to exchange information, business cards remain one of the fastest and easiest ways to build a network and create brand awareness.

Instead of having to interact with a person enough to extract their contact information or spark their interest, you simply hand them a card that has all the information they need to know.

Moreover, you can even include ways to find information, like listing a social media page or having a QR code. Just remember to avoid overloading your card and always opt for a creative design that will make a lasting impression.

There are dozens of creative business card ideas you can choose from, but you need to find one that resonates with your audience and reflects your brand if possible.

skip the business cards?

Here are 6 creative ideas for your next business card.

Translucid Plastic

Translucid materials have a number of different applications. Having a translucid business card can help create a memorable impression while maintaining a sleek and elegant look. And, you can combine this effect with colorful letters, textures, and other elements to give it more personality.

Unusual Shapes and Sizes

Most people choose a standard rectangular size and shape, but you can always take a creative approach and opt for something different. Remember, regardless of the size and shape you choose, your card should not be bulky or cause any form of inconvenience for the recipient.

Cards that Look Like Something Else

Depending on the industry you’re in, you may be able to get away with a business card that looks like something else. For instance, if you are a recognized radio DJ, you could choose a business card that looks like an old school cassette.

Cotton and Alternative Materials

Traditionally, plastic and paper are the most popular business card materials. Today, you can choose from an endless list that includes cotton and elements sourced from recycled goods, wood veneer, plastics, bamboo, etc. Aside from creating different effects on the card itself, you should also try to highlight the fact that they are made from an uncommon material.

Texture Coordination

Adding texture to your business card with some of the latest digital technology can create amazing effects like silver and gold foil and 3D varnish, but combining different textures to make a particular effect can help you stand out from your competitors. You can use this combination of textures to liven up your card and focus on the elements that matter the most, such as your contact information or business logo.

Holographic Letter and Logos

Not all companies can get away with a holographic business card, but technology firms and innovative businesses can use this effect to make a statement. Design, fashion, and other creative firms can also take advantage of this style and combine it with colorful elements or different textures that give it a unique look.

Business cards are still an effective way to connect with new prospects and generate leads within your professional network. Make sure you take the time to clearly define both your brand and target market so you can create a design that will make a lasting impression with your clients and potential customers.

 Author’s Bio

Kym Wallis, the founding director of Higher Ranking has over 15 years of advertising sales, digital strategy, and business development experience. He is currently working as Digital Adviser for Colourtech.


Protecting your Biz from Hackers

How to Increase the Protection of your Business From Hackers

When it comes to cybersecurity, all businesses are potential targets for malicious online attacks. Hackers are generally after one thing: access to confidential and sensitive pieces of information that they can then use to leverage benefits for themselves. This could be in terms of getting hold of data such as user’s financial information, like bank details or even personal information such as your address, mobile number, etc.

Fortunately, to keep up with the wave of online threats that circulate and evolve around the internet, there are also a vast range of quality IT solutions to increase protection and prevent hackers from accessing your business. Here are five strategies you can start implementing today to enhance the IT security of your business:

1.  Equip your Business with the Latest and Up-to-Date Security Software

Anti-malware and antivirus programs are essential for your business’s IT security. This creates an extra buffer to detract hackers from accessing your business’s sensitive pieces of data. Ensuring all your business’s computers are up-to-date with anti-malware and anti-virus program stands as an absolute essential to protecting your business from hackers and other cybersecurity threats. The only caveat is that not all security software are created equal, so it’s important to practice due diligence in finding the best antivirus programs for your business.

2.  Educate Your Employees

Protecting your business IT security from the inside out is just as important as setting up external barriers to fend off online attacks. Your employees are a critical part of controlling the types of files and information that flow through your business’s IT network. So, it shouldn’t be surprising to know that it’s common for cyberthreats to enter from within the company.

One of the prevalent ways internal threats occur in the workplace is through emails, where an employee unknowingly opens a malicious file, link, or attachment contained in it – which ends up compromising the security of the entire network. To avoid these situations in the first place, employees should be properly trained in IT security, equipping them with the skills to know how to identify and isolate potential cyber threats when they’re encountered.

3.  Secure your Data: Encryption and Back-Ups

With encryption, your business’s data looks like broken scrambles of information to online hackers. It’s only if the hacker identifies the encryption key or pass, that they’ll be able to unscramble your business’s data and get a hold of the confidential information. This is why it’s so important to encrypt your business’s data with an effective key/pass so that such confidential information is rendered incomprehensible to cyber attackers lurking around the web. This security measure is especially important for businesses in the eCommerce industry, where customer’s sensitive information is transmitted and can become prime targets for hackers to prey on.

Backing up your business’s data provides a safety net to fall back on when the unexpected happens and all your business activities come to a halt. Resuming back to normal business operations can be made possible by implementing effective data back-up methods. On top of this, recent privacy laws require companies to show customers the types of confidential information collected about them – without copies or backups of this information, you’d be in for some legal problems.

4.  Use Secure File Deletion

Simply deleting a file and emptying it from the Trash folder doesn’t completely wipe the file off the computer’s hard drive. If your business data does get accessed by hackers, certain software applications can retrieve and recover previously ‘deleted’ confidential files. Australia’s National Privacy Principle 3 and 4 covers how personal information should be secured and restricted from unauthorized use or access. This includes protecting user information from cyber-attacks and being mishandled. To securely delete your files, integrate data erasing software into your business IT infrastructure. This ensures that deleted files are completely removed from the system and are irretrievable.

5.  Speak with IT Experts

The cost of hiring IT consultants may be the biggest factor discouraging business owners from getting the IT to help their business needs. But with the right IT help from leading experts in the industry, the amount you invest can well and truly pay off in the long run in terms of experiencing more productivity, happier and less frustrated staff, as well as an even stronger enhanced security infrastructure. IT professionals are not only able to provide solutions to remediate problems your business is facing, but they’re specialized in preventative measures to ensure your business doesn’t fall victim to cyber-attacks in the first place.

Enhance your business’ cybersecurity today

Regardless of your business type, size, or even industry, every business must effectively handle and manage confidential and private information from potential online threats. Cyber attacks are on the rise and are constantly developing into new ways to infiltrate and damage the stability of businesses by gaining access to sensitive information.

Getting on top of the best IT cybersecurity solutions for your business is an absolute must in today’s digital landscape. If you’re unsure where to start, it always helps to get relevant advice from experienced and established IT professionals. By investing in solid business security protection today, you’re set from dealing with losses in productivity and data in the long run.

Author’s Bio

Alex Morrison has worked with a range of businesses giving him an in-depth understanding of many different industries including home improvement, financial support, and health care. He has used his knowledge and experience to work for clients as diverse as Simple Biz, Cosh Living and Me Bank to help them reach their business goals.

 

 

 

 

 


3 Techniques for Innovation

Tags :

Category : Innovation , Startups , Technology

Make Room For Innovation In Your Business Using These 3 Techniques

What’s the primary goal of your business?

If you’re like the majority, you said, “Get more customers” or “Growth.” Whatever your answer or the industry you’re in, it all boils down to problem-solving. You want to address the customer’s pain points or provide innovative ways to enhance their lives.

Source: Pexels

Progressive companies deliberately create a culture of innovation where leaders allow staff the space and freedom to develop new approaches to doing their jobs. When you’re trying to foster innovation within your company, ask yourself and your team: “How can we innovate in ways that improve our operations, productivity, and bottom line?”

How Innovation Benefits Businesses

Chris Rock once said, “If it’s not new, it’s through.”

If you look at successful companies able to evolve with market forces or ride and survive the tide of new trends, they have several things in common:

    • They have a singular vision for the company’s mission and a unified strategy for realizing its vision
    • They create a positive corporate culture
    • They’re customer-oriented
    • They attract and nurture the best talent
    • They’re disciplined enough to stay the course but flexible and insightful enough to remain agile
    • They’re not afraid to take calculated risks

But, what does innovation in business mean? It means creating more efficient processes or improving products or services for more satisfied customers. That translates to altering your business model, incorporating changes in your existing environment, and providing staff with the bandwidth for creative thinking.

However, innovation shouldn’t be an afterthought.

It should be part of your core strategy from the start. Shifting to a culture of innovation may sound like a lot of work, but the dividends amount to a high ROI. Becoming more innovative and progressive will allow your business to:

    • Conserve resources, both financial and human
    • Manage growth more efficiently
    • Increase competitiveness and productivity
    • Improve brand recognition and support customer loyalty
    • Establish new relationships and nurture existing ones
    • Respond to shifting markets with confidence and agility

Even if implemented right, innovation also incurs some risks that you should acknowledge. These include:

    • Business disruption. Even a short amount of downtime could mean losing market share
    • Losing business to the competition
    • Losing key staff members to the competition
    • Reducing profits or experiencing a falloff in productivity
    • Going out of business

The chances for these setbacks increase if you don’t expect them and plan/respond accordingly.

Three Techniques That Support an Innovative Corporate Culture

Innovation doesn’t mean building a better mousetrap. It means having the creative freedom and mental agility to look at that metaphorical mousetrap from a different angle and translate your ideas or vision into actionable goals.

Permission to innovate begins at the top.

Business leaders have a responsibility to oversee and manage the financial aspects of corporate innovation. This concept has become so vital to business survival, that larger corporations have even added a Chief Innovation Officer to their C-suite of executives.

Once your team has the resources in place, they need the literal and figurative space to expand on the possibilities. They also need the freedom to take ownership of the successes and failures that spur further innovation. Instituting a non-hierarchical corporate structure removes the barriers to progress and supports communication and cooperation throughout the enterprise.

Here are three techniques that will inspire and support a culture of creativity and innovation within your workplace.

Make Your Workplace a Learning Space

If your team doesn’t have the skills that support a progressive work environment, they’ll lack the ability to move forward. Missing innovation doesn’t mean employees don’t have the inherent talent for creativity. But, without training, education, and specific skills, your employees will not have confidence in their abilities, which will hinder progress. Slow progress happens in established enterprises that use more traditional business models and have their ways of doing things. Retraining or onboarding requires a period of adjustment, patience, and overcoming the fear of change.

The looks and feels of your office also affect your team’s productivity and ability to focus.

When you create a comfortable workspace where staff feels valued, it empowers and inspires them to become invested in the success of your enterprise. A collaborative, modern workspace can increase productivity over 10% and attract younger talent. Start small if you need to. Succeeding in one department or improving one process will translate to enthusiasm and a thirst for further innovation.

Provide Staff With the Room to Scale

Shortsightedness is antithetical to success in any organization. You may have created a great product or delivered on your vision of better service. But what comes next?

Business leaders talk about growth, but what does that mean in non-subjective terms? To generate business innovation, managed growth that supports business scalability in both macro and granular ways is essential. Make sure you align your strategy with your long and short term vision, and that all stakeholders have the same commitment, determination, and means to take that vision to its maximum potential.

Give Them Room to Fail

For every business success, there are several failures along the way. We rarely talk about business or strategic shortcomings in a positive way, but they provide hidden lessons and a road map toward future improvement. When you remove the fear of failure from the picture, replace it with the freedom to make mistakes, learn from them, and re-calibrate your collective approach.

Final Thoughts

Innovation doesn’t begin or end with creative market disruption. It’s something you should infuse into the very fabric and structure of your enterprise.

Is your company supporting a climate of creativity?

Guest Blogger Michelle Laurey works as a VA for small businesses. She loves talking business, and productivity, and share her experience with others. Outside her keyboard, she spends time with her Kindle library or binge watching Billions. Her superpower? Vinyasa flow! Talk to her on Twitter.

 

 


7 Awesome SEO Tips You Can Try Right Now

Consumers increasingly turn to search engines for product research. Ranking at the top of the search results for keywords that are relevant to your business can drive more traffic to your pages. More visibility for your brand can ultimately increase sales. But simply having a website alone isn’t enough to rank.

So how can you increase your rankings in search engines like Google? The answer is with SEO or search engine optimization. Here we put together a list of seven awesome SEO tips that you can try right now.

1. Update Existing Content

Google doesn’t just consider the relevance of a piece of content. They also look at other factors like how “fresh” or recently it was published. In fact, Google even released a Freshness Update to its algorithm that prioritizes timely results. That means old pages on your site can gradually slip in rankings in favor of newly published content.

Does that mean you should focus solely on content creation? Not exactly. In many cases, updating existing content on your site can have more of a positive impact on your rankings. Comb through your old pages and add relevant keywords, update any outdated content, and change the page titles.

2. Remove Inessential Pages

This may sound contrary to the point above. But sometimes it may be best to simply remove certain pages all together. Google wants search results that users find useful and relevant. If your site is filled with thin, low-quality content, it can bring down the overall rankings of your pages.

Review data from your Google analytics and examine those pages that are barely getting any traffic. If they’re not delivering any value or you can’t update them (e.g. tags or archive pages), either include a no-index meta tag to your robots file or remove them altogether.

3. Optimize User Signals

One signal that Google looks at to measure user engagement is bounce rate – The percentage of visitors who leave after visiting only one page. A high bounce rate is an indication that the entrance page is not relevant to your visitors. As a result, competing pages with higher user engagement may outrank your pages. Case studies have even shown a correlation between bounce rates and search engine rankings.

You can greatly reduce bounce rates by improving the readability of your content. This includes making your content easier to scan, breaking up sections with subheaders, and including multi-media like images and videos to convey your point.

4. Write Meta Descriptions For Each Page

Meta descriptions are the snippets of text that appear in the search results underneath the page titles. These are 155 characters in length and describe what a page is about.

Meta descriptions have no direct impact on search engine rankings. But a well-written one can have a positive impact on a page’s CTR (click-through rate). Write compelling meta descriptions with compelling for each page on your site. Be sure to also include your target keyword as they will be bolded when they match a search query.

5. Improve Site Speed

Every second counts. Nothing is more frustrating than a loading site and staring at a blank screen as the page continues to load. Pages that load slowly can not only lead to higher bounce rates but also affect your rankings as Google has made site speed a ranking factor.

Use Google’s Page Speed Insights tool to see how both the mobile and desktop version of your site scores, and take steps to optimize loading times. These can include reducing the size of your CSS, HTML, and JavaScript files, compressing your images, and enabling browser caching.

6. Multiply Your Content

You spend a great deal of effort publishing a high-quality post for your blog but why stop there? Any blog posts that you publish on your site can easily be multiplied to drive even more traffic to your pages.

For example, a single blog post can be turned into an infographic you can share with your followers on social media, a video you can post on YouTube, or even a podcast episode. Leveraging multiple content channels is a great way to expand your reach online and attract relevant links.

7. Monitor Search Console

Search Console is a free tool from Google that you should sign up for if you haven’t already. It lets webmasters monitor their search presence and see key information about their site like index status.

It’s a good idea to keep a close eye on Search Console as it can tell you if your site has been penalized. If you receive a notification that a “Manual Action” has been placed on your site, this is the place to see what action was taken and how you can address it.

Guest Author’s Bio 

Alex Morrison has worked with a range of businesses giving him an in-depth understanding of many different industries including home improvement, financial support, and health care. As the owner of Integral Media, he is now utilizing his knowledge and experience with his rapidly increasing client portfolio to help them achieve their business goals.

 


Is Your Business Website Secure?

Category : Privacy , Security

Your business website is the focal point of all of your online endeavors. It is the platform that you customers use to research your business, and it is the space where you perform most of your customer interaction. Quite simply, it is one of your business’s most important resources, which is why you need to protect it at all costs. 

The question is, is your business website secure? If you have any doubts in this instance, then you need to set about securing your site right away. There really is no time to be lost. At any given moment, a cybercriminal could be hacking into your site. This could be happening right now, in fact. 

To ensure that your business website is as secure as it can possibly be, be sure to read on. 

Seek support 

When securing your website, the first thing that you must do is seek support on the matter. You aren’t a professional in this field, which is why you need advice and guidance from someone or something that understands the cybersecurity industry inside and out. 

One such expert that you could turn to in this instance is Watchguardonline.co.uk. The security resellers can offer you pre-sales support to ensure that you choose the security solution that your website needs. They won’t blindside you with jargon and, being vendor-neutral, they certainly won’t provide you with bias information. With them at your side, you will be able to layer your site with the exact kind of protection it needs to fend off the cyber attacks most likely to befall it. 

Remain up-to-date 

Designers don’t roll out software updates just to line their pockets with more cash, you know. They roll them out because updates are essential in the fight against the day’s most dangerous cyberattacks — you can’t fend off modern cybercrime dangers if you’re using protection better suited to the dangers of yesteryear. For this reason, whenever you see that an update is available, click on it, download it, and get up-to-date! 

In the specific instance of keeping your website secure, remaining up-to-date means updating your content management system (CMS) whenever you are able to do so. The update that you download will have learned from the dangers and mistakes of the past, meaning it will offer you the best possible protection against hackers. 

Fortify your passwords 

An often overlooked yet all-important aspect of website security is password protection. It really is quite simple — you must fortify your passwords! Cybercriminals are constantly finding ways to crack passwords and hack into the data that they are supposed to hide, which is why you need to set codes that are all but impossible to break into it. Make your passcode long, mix it with letters, numbers and special characters, and, most importantly of all, steer clear of anything that could be easy to guess, such as your date of birth.  

If your website isn’t as secure as it can possibly be, you need to set about the task of securing it right away. There really is no time to lose in this instance — Cybercriminals never stop, so you can’t afford to either.


5 Great Biz Expense Tracker Apps for 2019

Tracking your business expenses is one of the most important things to do of having a business, other than looking for the perfect phone system for your business. Business is a matter of how you play your resources right. You invest in something and if it sells, you earn money, otherwise, charge your losses to experience. But how can you accurately tell how much your business earned, invested, and loss?

In most cases, business owners hire someone to do that for them and that job falls under to an accountant. For businesses who don’t have the budget to hire an accountant, owners rely on software that can track their business expenses and everything that comes in it.

Although, most, if not all, software that is capable of doing such feat doesn’t come around for free. If it does, they either come with annoying ads or limited functionalities. So, if you’re a business owner or someone who just wants to tracker their expenses at all times for free, then you might want to consider an expense tracker app.

Expense Tracker App for Android

 

 

 

 

 

 

 

Expense tracker apps for Android are applications that you can download and install from the Google Play store. These apps can be used to track all of your expenses or investments for your business. By doing so, owners will be able to keep an accurate presentation of their overall business expenses. Additionally, it will allow business owners to know the exact amount of their earnings and losses up to the very cents.

Business expense tracker apps are also portable since you use it with your Android smartphone that you carry with you all the time. Giving you the convenience and ease of use to use it anywhere anytime.

If you’re looking for a tool that you can use to keep track of your business expenses or generally, your expenses, then look no further. We listed down 5 of the best expense tracker apps for your business or personal use that you can use with your smartphone anywhere anytime.

Expense Tracker Apps Overview and JOA Rankings

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

5 Best Expense Tracker Apps Ideal for Business Use

We tested 10 of the most popular and most downloaded financial tracker apps on the Google Play store. Out of the 10, we narrowed our list down to 5. Eliminating those apps that either doesn’t meet our standard, redundant or not ideal for business use.

So without further ado, here are our top 5 expense tracker apps perfect for business use:

  1. Money Manager Expense & Budget – by Realbyte Inc. [Best Overall Business Expense Tracker App]

The Money Manager Expense & Budget by Realbyte Inc. is gonna one of the best expense tracker app available out there. This app offers a comprehensive tracking functionality that’s mostly perfect for all kinds of expenditure. May it be for business, personal, or household purposes, this app has it all.

Other the tracking expenses, you can also use the app to track your income. The app will then generalize your expenditures for daily, weekly, and monthly. By doing so, you will be able to track your expenses on a specific day and your overall expenses either on a weekly basis or monthly.

The app will also generate statistics that will show a graph of your overall expenses. Giving you accurate information about where your money is mostly spent on.

The app supports all currencies making it a worldwide compatible app. Other than simply doing inputs of your income and expenses, the app also allows you to put more specifics to it. Such as, what or where you spent money on, cash or card, and account info.

Among our list, nothing is a more flexible and comprehensive expense tracker app than this one. Additionally, you can continue working on your tracker on your PC which we find very convenient feature to have.

Main Features:

  • Applying double-entry bookkeeping accounting system
  • Budget and expense management function
  • Credit / Debit Card management function
  • Transfer, direct debit and recurrence function
  • Passcode Protection
  • Instant statistics
  • Bookmark function
  • Backup / Restore
  • Change of starting date
  • Calculator function (Amount > upper right button)
  • Sub Category ON-OFF function

If you’re looking for a tracker that’s free and has a comprehensive way of tracking your budget, income, and expenses, then we strongly recommend having a look at this one. The only downside of this app is that the free version is limited to 10 assets only and comes with a few random ads.

 

  1. Wallet – Finance Tracker and Budget Planner – by BudgetBakers.com [Best Alternative Business Expense Tracker App]

Another app that’s quite similar to the first app is the Wallet – Finance Tracker and Budget Planner by BudgetBakers.com. This expense tracker app can be considered as comprehensive as the first one. It is capable of tracking your expenses, income, and keep a note of your budget.

The app will allow you to input your expenses either on a daily basis, weekly, or monthly. If you configure the app to note down your budget for a month, it will send a notification that you’re about to use up all of your budgets as you input your expenses which is a pretty neat feature.

What makes this app set itself apart from the list is its added functionality. The app has a smart reminder, once enabled, the app will remind you to input your expenses and to keep a mind of your budget. Furthermore, one unique feature of this app is being able to configure a Goal.

The Goal section of this app allows you to set a specific goal on your budget. For example, set a goal to save $100 for this month. The app will then remind you of your goal from time to time which is a pretty nice feature.

Other than that, the app is user-friendly and has more things to offer.

Main Features:

  • Automatic Bank Updates
  • Imports or Manual Bank Updates
  • Flexible Budgets
  • Insightful reports
  • Sharing selected accounts
  • Multiple currency support
  • Automatic cloud sync
  • Receipt and warranty tracking
  • Categories and templates
  • geo-mapping transactions
  • hash-tagging
  • Shopping lists
  • Exports to CSV/XLS/PDF
  • Debt management
  • PIN security
  • Standing orders
  • Notifications
  • Money Tracker
  • Statistic Report and more.

The only downside of this app is the limited number of accounts you can store in it as well as no multi-user support for one account.

You can, however, purchase or subscribe to the premium version. The monthly subscription will cost $2.99 a month and the one-time lifetime payment cost $39.99.

  1. Money Lover: Money Manager, Budget Expense Tracker – by Finsify [Best User-Friendly Business Expense Tracker App]

The Money Lover: Money Manager, Budget Expense Tracker by Finsify is another excellent featured pack expense tracker app. It has all the features that you will find on the first 2 apps that we mentioned above. The only thing that sets this app apart from the rest on this list is its support for SMS banking, ATM & Bank Finder, as well as money exchanger finder.

Other than the ability to track your business expenses and earnings, this app offers a more simplistic viewing of your expenses. It’s also far more user-friendly than most of the apps listed in here.

Basically, the app has the same functionality as most apps listed here. What makes this app different is its simplistic viewing and quick to navigate to date. Additionally, it has a quick viewing of your financial reports. Easily giving you an overview of your spending, income by date or group.

Main Features:

  • Money Manager
  • Budget Planner
  • Goal Wallet
  • Linked Wallet
  • Bank Sync
  • Credit Wallet
  • Reporting
  • and more.

If you’re looking for an expense tracker that you can easily work with without the need of a tutorial or guide, then this app is worth checking out for.

The only downside of this app is that it comes with account limitation and ads. You can unlock the full potential of this app that removes the ads, give you the ability to export your data to Microsoft Excel, and removes the account limitation. The premium version will cost you about $12. That’s better pricing compared to the Wallet app.

  1. Monefy – Money Manager – by Aimbity AS [Best Lightweight Business Expense Tracker App]

If you’re looking for an expense tracker that’s lightweight and won’t consume much space on your Android smartphone, then Monefy by Aimbity AS is the perfect app for you. It’s far simpler compared to the rest on this list. The home page is the main user interface while keeping things at its basic.

Monefy is by far the easiest and most user-friendly expense tracker app on this list. Adding your expenses and income is easy in 3 steps. Simply tap Expense, input the amount, select a category, and you’re done. You can also pick the account for your income input.

Main Features:

  • See your spendings distribution on the chart
  • Get detailed information from the transactions list
  • Manage categories
  • Synchronized using your own Google Drive or Dropbox account
  • Handy widgets that could be used on the lock screen
  • Multi-currency support
  • Select the currency
  • Use budget mode
  • Backup and export data in one click
  • Multiple accounts support
  • Passcode, Touch ID and Face ID protection
  • Built-in calculator
  • Dark theme

Despite being free and lightweight, one of the most concerning downsides of this app is the inability to change the currency and a couple of feature limitations. You can unlock all its features, remove the ads, and remove its limitations for $2.

  1. Spendee – Budget and Expense Tracker & Planner – by SPENDEE s.r.o.

 

Spendee by SPENDEE s.r.o. is the last app in our list but definitely not the least. Every expense tracker apps offer different and various unique functionality. Spendee is not one of them. What makes this app worth including in our list is its simple user-interface, ease of use, and has all infographic data as well as your list of expenses and earnings in the app home page. Eliminating a few taps if you want to view your statistics, calendar, and expense info.

Spendee is like a trimmed version of Wallet. The app is free and has a couple of limitations. If you want to fully unlock the features of this app, you need to opt for a monthly subscription that you can pay either monthly or annually. You can opt to either the Premium version ($22.99/Yearly|$2.99/Monthly) or Plus version ($14.99/Yearly | $1.99/Monthly).

Lastly, the basic version, the one that’s free, only has a detailed overview, secured data protection, import/export transactions, and backup & sync. If you’re looking for an expense tracker app that has all the information you want to see without the need to transition to a different UI, then Spendee is worth checking out.

The only downside of this app is that you’re required to opt to a monthly or annual subscription plan if you want to unlock all of its features. Otherwise, the free version is very limited to 1 account.

So that’s our top 5 best expense tracker apps for business or personal use. Although, if there’s one tool that can outshine all of these apps for this specific purpose, we’re gonna have to go with Microsoft Office 365 Excel.

The Best Expense Tracker App 2019 – Microsoft Office 365 (Excel)

If there’s really one tool or software that we can really proclaim as the best Expense Tracker app for personal or business use, it’s going to be Microsoft Excel.

Microsoft Office 365 – $89.99

Although Microsoft Excel may not be easy to use, it is a powerful tool that can be set up to track your business expenses. You can also save it online allowing you to work on it either on your phone or on your PC. If you’re not confident enough or not skillful to manage and create a theme for excel, you can download themes online that’s already pre-formatted and pre-configured to work for your tracking needs.

Related Question Most People Ask About

  • What’s the best expense tracker app?
    • The best expense tracker app depends on the ones that fit your choice of preference. For us, the best expense tracker app is Microsoft Excel. For Android smartphone, we prefer to use Money Manager.
  • What is the best expense tracker app for iPhone?
    • According to most iPhone users, the best expense tracker app is XpenseTracker by Silverware Software, LLC.
  • What is the best expense tracker app for Android?
  • How to use an expense tracker app?
    • Depending on the tracker app that you’re using, most expense tracker app simply requires you to input your expenses and income on a daily basis. So you can keep track of your expenses accurately.

Business Expense Tracker App for Android Smartphones

Ultimately, expense tracker apps exist to aid you in keeping in track of your daily expenses. These apps aim to provide you information to have an efficient way of keeping track of your money. So regardless of your choice, all the expense tracking apps included in our list should do the job. Regardless if you need it for your business or personal use, all the apps will be capable enough to do the task.

Guest Blogger:

 

 

 

Original Article: https://joyofandroid.com/best-business-expense-tracker-app/


Retaining Top Talent at Your Business: A Guide

Recruiting the best candidates for a position can be a costly process. Once you have finally found the perfect employee, you won’t want to lose them to a competitor, as they could be integral to the growth and profitability of your business.

To ensure you maintain your staff members’ loyalty throughout the years, you must take the steps to improve their working life, so they are never tempted to abandon your brand. Check out this guide to retaining top talent at your business.

Provide an Attractive Salary

If your company is providing salaries that are below average, you shouldn’t be surprised when your best employees leave the business for a more rewarding employer. If you fail to offer a competitive salary for each role at your company, you’ll likely spend a considerable amount of your profit margin advertising many vacancies. It could, therefore, make financial sense to provide your staff with a more attractive rate of pay, so they will think twice before applying for a position elsewhere.

Offer Various Development Opportunities

It’s likely many of your hardworking staff are filled with ambition and will want to routinely grow their skillset and climb the career ladder. You must allow your employees to grow alongside your business if you want to maintain their loyalty. To do so, you should provide them with various development opportunities, such as:

  • Enrolling on an industry-related degree course
  • Joining a leadership program
  • Taking a software skills course

In addition to making your staff feel valued by the organization, their new skillset could improve your company’s productivity, standards, and profitability. So, it could provide the business with a great return on its investment.

Improve Morale with Innovative Technologies

While training opportunities and an attractive salary could help you to attract the best candidates to your organization, a monotonous working day could convince them to quit their role. Rather than allowing them to become weighed down by boring, manual processes, you should invest in technologies to simplify processes and automate lengthy tasks.

For example, you could transform your human resources department by introducing an HR and payroll solution from peoplexcd.com, which can reduce their time spent on various admin tasks while decreasing the likelihood of errors. As a result, they could enjoy a more strategic HR role that will provide them with greater job satisfaction.

Find the Best Job Perks

Improve your company culture by providing your employees with superb job perks, which will increase their loyalty to the business. Never rely solely on the pull of an attractive salary and offer a variety of job benefits to hold on to your top talent.

For instance, you could provide:

The job perks cannot only attract high caliber candidates to your business, but it could set your business apart from organizations that provide a similar salary and development opportunities. To ensure you provide your staff with the best perks for their job, ask for their advice on the types of benefits they would like to receive from the business.


Why You Need to Revolutionize Your Customer’s Experience

When a business owner builds their website, the focus is often on their preferences in terms of the technology and functionality and the visual design. While this is obviously a great place to start, it should not be the main consideration. What’s more important? The customer’s needs and expectations. Simply creating a website and expecting customers to flock to it and the orders to start flooding in is, unfortunately, rarely a successful strategy. To make a lasting impression on visitors and to convert them to customers, a website’s structure and design should be tailored to deliver the best possible customer experience.

Technology

A website is built on a foundation of seamless and intuitive technology which customers don’t even think about when they’re browsing or purchasing. The average customer does not consider how the website works, but they expect fast load times, clear navigation, and a simple buying process. When a page takes too long to load or the website fails in some way, customers will become frustrated and will probably take their business elsewhere. For those working in the supply chain, for example, who are looking to improve their communication with the suppliers they supply to, utilize the right technology to let you do this. Visit weaveability.com for expert support and advice.

Design

The design of your website is what wraps the technology up and makes a website visually appealing. The first impression customers get of your brand is often your website so it’s really important that it represents your brand and conveys your business’ ethos and what you do. However, it’s not enough for a website to simply look good. The best websites are striking, yes, but they are also created with the user’s journey in mind. You want to lead the user’s eyes towards particular areas of your site and a designer can do this with graphics, lines, and colors. Visitors will form a judgment about your website and therefore, your business within seconds. Make sure that they have a clear path to follow, which leads nicely into usability.

Usability

Within the design and the technology of the website, you need to place content which is easy to consume for the user. Words, images, and icons should guide users through the website through clear navigation and compelling call-to-actions that establish your business as trustworthy and an authority in your field. The website’s usability or lack of it can and will prevent customers from making a purchase.

Influence

The next level up from usability is the influence of a website. This means that in addition to making the purchasing process convenient and clear, you also employ tactics to lead buyers through the sales journey. From providing information, comparisons, addressing concerns, reinforcing the benefits and guiding them towards a purchase. The purchase may not be immediate, but if the influence is effective, they will return at another time. Tactics may include a sincere and helpful tone or personalization, which builds trust and reassures the user. It’s not intended to be manipulative and should never be deceptive; you should understand the customer’s needs, what represents usability to them and talk directly to them.


Four Great Reasons to Invest in an MBA

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Category : Education , Taining

If you’re considering going to graduate school, then your main priority is probably being able to apply for high-paying, well-respected careers once you’ve graduated. An MBA, or masters of business administration degree, is one of the most sought after and respected qualifications in the business industry today, with MBA graduates often able to take their pick of the best career opportunities, find opportunities faster, and choose from a wide range of different fields, schools, and industries. However, graduate school is a big decision to make with a huge price tag, so if you’re considering investing in your studies, it’s worth weighing up the pros and cons to make sure an MBA will be worth it.

#1. Job Opportunities:

If you have your heart set on going to graduate school but aren’t sure what to study, then an MBA definitely makes sense if you have any interest whatsoever in the business world. An MBA isn’t just any old graduate degree; it will enable you to get a wide range of well-paying job opportunities that would not be available to you with any other qualification. And, one of the unique features of this program is that it will provide you with a well-rounded knowledge of the entire business industry, including management, entrepreneurship, marketing, finances, and much more. It’ll change the way you think and make you an asset to businesses worldwide.

#2. Cost:

Investing in a master’s degree is not cheap, so you’ll want to make sure that at some point you’re going to be able to easily earn back the amount you paid for tuition, and then some. If you’re worried about struggling with student debt and being unable to pay it back, an MBA is one postgraduate program where you’re less likely than any other graduate to have financial trouble. Students often choose less costly options like an online Touro MBA, which are of the same quality as a campus-based degree.

#3. Job Security:

The master’s program that you choose will have a huge bearing on your future career for years to come. So, one hugely important factor that you will need to consider before you make a choice of program is the kind of job security that you want for yourself. The last thing that you want is to commit a few years to studying only to find that once you graduate, there isn’t much available in terms of meaningful, permanent work. Since MBA graduates are in very high demand around the world, you’ll find that many businesses save their best positions for an MBA.

#4. Career Changes:

Your choice of a postgraduate degree program will usually be a decision that’s based on your future career choice. However, it’s not uncommon for people to change their career at some point in their lives. You might want to try something new in the future, and an MBA would be the perfect choice of a degree program to facilitate this. While it is focused on the business industry, it provides you with a wide, varying knowledge of the industry, allowing you to thrive in several different business career types.

If you’re thinking of investing in a master’s degree, there are many reasons to choose an MBA.


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