Account Archives - Page 2 of 3

April 18, 2017July 16, 2018

5 Things a Small Business Owner Should Know in 2017

Are you a small business owner? Or You have recently launched a business.

Being a business owner is a tough job. No one ever said it was easy to start a business.

According to the Small Business Administration, only a third of new businesses survive 10 years or more.

Read this statement from Lindsay Manseau,

“Starting your own business is like riding a roller coaster. There are highs and lows, and every turn you take is another twist. The lows are really low, but the highs can be really high. You have to be strong, keep your stomach tight, and ride along with the roller coaster that you started.”

Every business owner wants to turn their business into a successful business. In this article, you’ll find 5 important things which you should know to grow your small business or startup in 2017.

Take a look:

1. Make Customers Feel Great

One simple thing can make your business successful – Knowing your customers and provide them the best experience.

“Every business start with a trusted customer”

It’s your prior job to take care of your customers and keep them happy.

Did you know, 82% of consumers have stopped doing business with a company because of bad customer service?

“Building a successful brand isn’t just about ROI; it’s also about building authentic relationships with people.” — Ryan Holmes

Understand the pain point of your targeted audience and come up with a solution.

2. Importance of Digital Media

We live in the digital world. You MUST understand the importance of digital marketing or online marketing.

As Bill Gates said, “If your business is not on the internet, then your business will be out of business.”

Online marketing is the best and cost-effective way to advertise or promote your business.

54% more leads are generated by online tactics than traditional paid marketing.

The U.S. spent $59.82 billion on digital advertising in 2015 and spending is expected to reach $113.18 billion in 2020! (Source)

There are some effective digital marketing channels available out there:

Search Engine Marketing
Search Engine Optimization
Content Marketing
Social Media
Email Marketing
Video Marketing
Mobile Marketing
CRM

3. Marketing Automation

Marketing automation is the new trend in marketing and tech industry.

For a small business – Time is Money.

It allows you to automate and measure your marketing tasks. It will help you to save your time, increase efficiency, generate leads, segment your audience, nurture your leads, measure investments, and improve your marketing ROI.

On average 49% of companies are currently using Marketing automation. With more than half of B2B companies (55%) adopting the technology.

You can optimize your email marketing campaigns and your social media posts (and campaigns).

4. Cloud based (On-demand) Services

On-demand or cloud based services will improve access to small businesses and new startups.

We live in the cloud. On demand service like legal services, website creations, cloud accounting and financial software, cloud computing, marketing tools and more – make our life easier and allow us to access a business from anywhere at anytime.

If you want to work faster and smarter the cloud software is the great way to improve your business efficiency.

Here you’ll find some benefits of cloud accounting which will help you to determine why should you consider cloud for your small business.

5. Artificial Intelligence

Artificial Intelligence (AI) is the new big thing in tech and business world.

Jana Eggers, CEO of Nara Logics said:

“Businesses are rapidly embracing artificial intelligence to gain a competitive edge and stay relevant to consumers as brand engagement will be reimagined next year.”

80% of respondents believe AI improves worker performance and creates jobs. (Source)

AI has become the part of our daily life. AI used in banks and financial systems, medical science, gaming zones, ecommerce chatbots, messaging apps, etc.

AI can help you to increase your business reach,

So what do you think about these trends? Do you have anything to share? Please feel free to contact us.

April 10, 2017July 16, 2018

Top 5 Reasons: Why Small Business Need Cloud Accounting Software!

Are you a small business owner?

Do you want to make your business smarter and faster?

In today’s digital world, there are many tools and technologies available to reduce the headache of business owners.

Cloud accounting software is a great medium to manage and secure your financial data. It can also help you to save your time and money.

Some business owners don’t understand the importance of cloud accounting software for their small business.

They are not familiar with the term. “Cloud”. Do you?

Probably you haven’t noticed but we’re all in the cloud.

Let’s take a look – what is the cloud?

Cloud simply means The Internet. Cloud services run on Internet.

Cloud is an on-demand service. You don’t need to be installed any software. It allows you to access your data from anywhere at anytime with just an Internet connection.

You may not even know, but you use cloud in your daily life – Gmail, Drive, Facebook, Dropbox, Netflix – all are cloud services.

RightScale conducted its fifth annual State of the Cloud Survey and found that 95% of respondents are using cloud.

Cloud technology will transform the way you do business. And your data will be secure on the cloud. You don’t need to worry about your data security.

In this article, you’ll find 5 reasons why you should consider cloud accounting software for your small business.

Let’s dive in!

#1. Access your data from anywhere, anytime

Do you know what’s the beauty of this software?

You can access your data (or run your business) from your home, work, or even on the road with any device – you just need the Internet connection.

You can keep any eye on your financial data, no matter where you are. The Cloud accounting software provides a flexibility for you and makes your life easier.

#2. Pay for what you use

You know what’s the best part of cloud accounting software – Pay as you go, no hidden or extra charges.

It’s an on-demand service. You can choose any plan according to your needs so you only have to pay for what you use. You can upgrade or downgrade your plan anytime. It will save your money and gives a financial flexibility to the organization.

#3. Collaborate with your team

We know working with team enable you to be quicker and more effective in your business. Cloud accounting software helps you to collaborate with your coworkers.

You can share your data with anyone, anywhere instantly and your edits show up in real-time.

Stay up-to-date on what’s happening on your team with automatic activity updates that show who edited shared files and when.

#4. No need to install any software

With cloud accounting software, you don’t need to install any software. Everything is run online.

You don’t have to care about any updates include security updates, software upgrades, and many other features. Your service provider will take care of everything and you can spend more time focusing new business opportunities.

You can also sync your software with third-party tools.

#5. No need to worry about data loss

As a business owner, your most common issue is security. Your Cloud accounting software provider offering critical security features specifically designed to keep your data secure and safe.

So, you don’t need to worry about losing data.

Now, I’m sure you now have understood that why you should move your business to the cloud. Cloud accounting software gives an option to run your business from anywhere in the world.

Have you adopted cloud accounting software for your business? Or you have any query. Please share your views in the comment section.

February 4, 2017July 16, 2018

10 Benefits of Cloud Accounting for Your Business

According to an estimation, more than 37% of small businesses have opted for cloud based computing solutions. This technology has provided many opportunities to work in the most comfortable way. Business accounting software has replaced the traditional way of accounting with cloud accounting solutions. It is no surprise that cloud accounting has taken over the previous desktop based accounting versions. If you want to work faster and of course smarter the cloud software will prove crucial investment for your business.

It is fascinating to watch this industry shift to mobile and cloud based technologies. And this has completely changed the way the accounting process works. Through this way, the business owners and accountants are enhancing their operations and have become more tech-savvy in every way. A report identified that an array of industries now owns this new digital innovation; cloud innovation! And this technology has become a cornerstone for the future generations too.

There are numerous benefits which are enjoyed by these professionals after they have started using cloud solutions.

Flexibility –

Cloud based accounting solution gives you complete flexibility to access your business data from anywhere and at any time.

Disaster Recovery –

Businesses who have opted for cloud based solutions including Software as a Service eliminates the need of disaster recover all together. The cloud vendor does it all on your behalf.

Automatic Upgradation –

Cloud based accounting solutions update the software directly as the upgradation part is handled by the in-house developers. Such updates are FREE of cost without you having to do anything.

Increased competitiveness –

Cloud technology has levelled the field for small businesses which was previously occupied for only medium and huge organizations. It has come with a lot of benefits for the business owners on which they can make key decisions for their better business future.

Security –

There is always a threat of data loss while using traditional accounting software, but in cloud accounting solution, the users can store their data, files and also can set access permissions.

Reduced Costs –

Although in a few cases, migration to cloud accounting system can range above your marked monetary expectation, but later it will be a huge cost-reduction in hardware and software expenses.

Real-Time Information –

After moving to cloud based accounting solution, you can access data from anywhere and at any time. And this feature helps the owners and accountants to manage and share the data, files, invoices, bills & expenses, sales and also can do staffing in an efficient way.

Enhanced Collaboration –

For small business owners and accountants, the multi-user access makes it easy to collaborate with their teammates as well as the clients.

Increased Productivity –

The cloud Accounting software gives you the flexibility to work from anywhere and the seamless transition of uploading the data and being able to access it on the go.

The mobile nature of the business owners and also their customers have witnessed to be more adaptive to cloud based solutions. By understanding as what the clients want, collaborate with them and communicating with them instantly will make your business prosper in no time. And this has surely become the key indicator of how businesses are performing great and are chosen by a plenty of business owners.

January 27, 2017July 16, 2018

How has Cloud Accounting Proved Right for Small Business Owners?

Gone are those days when small businesses had to keep a hand books record of all the transactions on the daily basis. This tech world has completely changed the world and the way the businesses used to operate. It is extremely crucial to integrate new technologies being innovated for the ease of performing business operations. As a business owner, you have to stay connected with every small aspect of the business with the help of Cloud Accounting. Understanding as what exactly the cloud accounting solution can provide you and your business with is vital.

Cloud Accounting allows the users to access the technology based on the subscription amount for specific intervals of time. It consists of every feature required to run the business; regardless of its size small, medium or huge. Previously, few accounting procedures took a lot of time for the accountants and business owners. But with the advent of cloud accounting it offers many avenues to improve business results and provides insights based on real time financial data which enables business owners to take improvised decisions.

In today’s growing online world, by using cloud accounting software, it will simply automate the manual processes like data entry, book keeping, billing & recording expenses only with “one” click. Cloud technology gives the ability to run their business from anywhere and at any time and from any device. So now the business owners can directly work on their laptops instead of desktop versions. They will have access to migrate their accounting workflows to cloud based solution.

Cloud Accounting provides the following benefits:

Instant Access to Information
Accessible from anywhere
Quit the Desktop System
Bridging the Business Operations
No Upgrade Costs required

With each passing day, the flow of young entrepreneurs in the market seems to have rised up. Every one of us wants quick transactions; which can be directly accessed from their smart phones, tablets or laptops. It will be an easy task to create professional invoices and get paid faster as earlier it used to take more time to receive the payments.

Fortunately, the small-business owners can surely take advantage of this cloud based accounting solution which will reduce their overall burden of maintaining journal entries, bookkeeping, managing invoices, bills & expenses, banking transactions and much more. With the help of cloud accounting, small business owners can reap the maximum benefits by adopting it. Many of them have their small businesses migrated to the cloud based accounting solutions.

While there are plenty of choices available in the market, Easy Accountax has been divergently serving the clients worldwide to run their business in this internet-savvy world. For more details, ask our expert on +44 (0) 333 011 9372.

January 21, 2017April 12, 2022

Brand Building – Proving Effective for the Accountants

Here comes the best year, 2017 to decide your goals and shoot up your clientele list as success in this New Year. There is a lot to be said about cloud accounting and how your business can flourish with it. It is cost-effective for every business; whether small, medium or huge organisations. When people search for an accountant to handle the financial activities of their business, the brand of an accountant is the prime factor which magnets more clients towards it. So, there are more chances that the clients get attracted towards an accountant who has a good brand in the market.

Although framing strategies is an important step, but implementing them at the right time with productive resources does matter to a huge extent. Accountants should have a good competency level in order to win the trustworthiness of the clients. And this is certainly not as easy as creating a logo for your business. Creating a positive version of yourself and then your business is the foremost step which is required for brand building. If you are quirky by nature, that will enhance more people to talk with you and hence they can be your future clients. By weaving your personality in most of the things you do in public, your presence will be memorable.

Accountants are required to be perfect in their tasks and also while dealing with the clients. Writing, reading, editing, emailing and calling are a few of the major steps which involve a direct conversation with their clients. Delivering absolute solutions to the clients is sure to boost up your brand image. There are dozens of such accountants in the market who offer similar services. A few accountants have a first-rated brand image and so they enjoy a healthy clientele ratio. Offering comprehensive accounting solutions based on cloud computing will help in easy bookkeeping rather than those traditional methods of doing it. Having a unique personality and smart workability, you are sure to pull more clients. Deliver the services exceptionally!

With the cloud accounting solution, accounting has got a new face and it has improved the efficiency and the way of maintaining records as well. Easy Accountax has made the accounting process quite easy and simple to use with a lot of features that enable to run the business smoothly. While you’re the only leader for every single task, you can customise it using the varied features of Easy Accountax. There will be no issue of storage problems and also data back-up. You can efficiently manage accounts with Easy! Try 7 day FREE Trial! Click here!

January 18, 2017July 16, 2018

Stay Ahead with Cloud Accounting Software with VAT Return

Desktop based accounting solutions are almost vanishing from the market. With the advent of cloud-based accounting solutions, even small businesses and proprietors are looking for an affordable accounting solution which can accommodate all their requirements.

There are a lot of companies which offer accounting software so at times it becomes difficult to select any one from the many available. However, there are few downloadable applications customised for the small businesses that have remained high rated as per the last year’s counted number. But certainly, cloud-based accounting software is much easier to adapt. Few software offers mobile-friendly apps that enable its owners can access the data from anywhere. So now creating invoices, purchase orders and bills, financial reports, banking, corporation tax, multi-currency and many other functions can be directly managed from your mobile phone. Other obvious advantages of the cloud-based accounting software are:

User-Friendly
Compatible with Price
No Capital Expenditure
Real-time Data Access
Data Security
Savings in Software Maintenance
Multiple-Device Access
Data Back-Up

Managing and operating a business involves a lot of tasks to be handled. Say filing for VAT Returns can be one of the most time-consuming tasks while managing the account of any business. Complying with the VAT Rules, the owner has to take care of VAT Records and Returns. Calculating correct VAT based on the financial transactions is vital for every business. The cloud accounting software takes care of filing VAT for every business and thus helping your business grow simultaneously.

Easy Accountax makes it easy to stay on the top of your VAT! It is a cloud accounting software with VAT return where you have to only select the quarter you want to prepare for VAT return for & this software will do the rest for you!

Easy Accountax is a user-friendly online cloud accounting software UK developed to make sure that you meet all the VAT rules. It calculates VAT correctly on international transactions – and gives you all the information you need for your VAT Return.

It does the following tasks in a row:

Prepare your VAT Return easily
Submit VAT Returns directly to HMRC
Support for EC Sales and Reverse Charge VAT
Prepare CIS Returns in No Time
Submit CIS Returns directly to HMRC

These steps can make VAT Return filing process easier and will consume less time.

You can get in touch with our expert on +44 (0) 333 011 9372 to know more about Easy Accountax! We also offer excellent training to our clients and help them to resolve their queries.

January 2, 2017December 14, 2021

Reap Advantages of an Acute Accounting Software for Small Businesses

With technology reaching sky heights, the whole business scenario is simplifying the traditional accounting procedures. In fact, the business owners have already chosen the best-fitted accounting software for their ventures. Nevertheless, with too many options available in the market, it is vital to keep in mind the best for the business, whether it is a start-up or small-sized firm.

Rather than opting for bookkeeping methods, the owners undoubtedly hire a full-time employee to take over the accounting and other related tasks. In most of the small firms, employees have to work upon multiple job roles. So, now the change from the traditional methods of bookkeeping and maintaining records has got a new face. Consider the varied features of the accounting software which you think can fit for your business. The need for business accounting software will make the owners relieved from making duplicate entries and it will make error-free accounting process. It will make the transactions quick whilst easy maintenance of each.

Easy Accountax has been developed with an aim to provide automated transactions, quick reports & analysis, create, save organize and retrieve financial data of the business. Whether it is for a small business or professionals, this cloud accounting software works the best.

Saves Time
Increased Accuracy
Secured Information
More Organized Data
Better Decision Making
Managing Cash Flow

This financial accounting software UK has a lot many features which assist in saving time and in turn helps business to run smoothly. It becomes easy to record the expenses, bills and check credits & returns. The reports generated by this accounting software are more accurate and thus help in forecasting future of the business. Also, it reconciles purchase orders and invoices so that the business data stay updated in the accounting system.

Easy Accountax is also considered “perfect-one” as cloud accounting software for accountants through which they can accomplish their set goals. It allows them to tackle finances in a user friendly way without the need of having accounting knowledge. Go for Easy Accountax as it offers additional features to help businesses and professionals to make the most out of it.

December 16, 2016December 9, 2021

Make the right choice of accounting software solution for your business

If you’re into the business, the first step is to regularly update the income and expenses of it. Wait a moment? Are you thinking about a book and pen to do it? Well, nowadays almost every business has started adopting online ways to record transactions. Not going with those traditional ways of offline book-keeping, the second question is – What kind of software your business actually requires? This might be little confusing as everyday there are many products coming up for this industry.

With a variety of businesses edging the market, there are number of accounting software developed for small, medium and large organizations. Even the smallest business will have accounting software solution to record financial data. Now, it’s your turn to choose one from the numerous accounting solutions that comes at pocket-friendly cost.

What features you prefer to have it in accounting software?
How much are you willing to spend for the accounting software? Will another option fit for your business, if opted?

Every business has different requirements so select accounting solution that has all features you’re looking for managing your business smoothly. Installing accounting system allows the business owner to manage financial transactions and increase its scalability.

Accounting solution will fetch your business accuracy in maintaining records; such as preparing invoices, bank statements, bills & expenses, payroll, manage inventory, create & maintain purchase orders and others. It will be a source for all such information while taking care of business accounting needs. Those who posses less knowledge of accounting and its process, can also still login, browse and view the sheets & stored information. Clean interfaces of software will enable them to quickly fetch the data and also learn the software.

It is always safe to spend time before you purchase accounting software. For few organizations, this has become a mandatory step because as they grow huge, more grows the data in size. Choose the right one for your business and you’re sure to save hours from recording book entries. While few of the accounting software are specially crafted for huge companies that include features such as: Accounting, CRM, eDocuments, Asset Management, Purchase & Billing, Banking, Financial Reports, Payroll and Practice Manager. It is always best to try the software; if possible before you plan to purchase it.

Keep aside those traditional methods of book keeping and let accounting software manage your business accounts. Select the one best suited for your company. Get your businesses running on internet wheels with accurate accounting software. Be accurate, be quick!

April 15, 2016December 9, 2021

A Detailed Guide to Small Business Accounting Software

Whether your business is small or medium sized, the need for automated accounting are far more varied than the need to calculate the profits and generate the interests. More than the errors free accounting, Business accounting software provide the best durability and safety to the data that has been recorded. We help you with a small business accounting software guide to help you decide the best for your business.

Benefits of an Accounting software

The benefits of an accounting software range much beyond the scope of the application. With just one software, the side benefits that are provided are many. A good accounting software guide for small businesses should be able to guide you through the process and also list the key benefits as:

Remote access to data that can be retrieved from any location using a user name and a password
The ability to access updated records at any point of time
Automated calculations and updating of data that is beneficial to the company in terms of the business decisions that have to be made
Error free and mistake free computing
Ability to lead the data on the cloud and access it on various devices throughout the organization
The need to remove and check the redundancy of data is eliminated

Despite the effectiveness of the system and ease of applicability of the data, on an accounting software, the widespread application of the data accounting software has been a challenge owing to the limited scope of knowledge that people have. At easyAccountax, the expertise on the system with a dedicated team catering to the requests of the customers, to incorporate the system on the machines is the USP that they have attained. Various accounting software is easily available in the market and based on the needs of the user, the specifications can either be added or removed. Sage One and QuickBooks online have been recorded as the most applicable to all types of businesses and the following are the reasons for the recommended use of accounting software for the small businesses:

As an owner of a small business the focus needs to be lent of business and expansion. With an accounting software in place, the company can divert the attention to other activities, that may be imperative to the success of the organization.
With an accounting software in place, the reports that are generated are schematic and well drafted. This creates the background for the information that may be needed to entail the future business decisions and decide upon the route forward
Accounting software also allow security and safety to the data that is to be stored creating a limited user access in cases where the access to certain portions of data needs to be limited.

It is imperative to note that the accounting software that is being applied has to cater to the needs of the business and the choice needs to be made individually not as an imitation of a competitor or otherwise.

Small Business Cloud Accounting Software Infographic

February 3, 2016December 9, 2021

Digital Cloud Accounting – The End of Trail for Traditional Accounting

Digital Cloud accounting that is also known as online accounting, is drafted on the same functional lines as the cloud computing. Here in this case, the software runs on servers and can be run using simple internet access. This is the primary choice of entrepreneurs who wish to enhance the business and work smarter. A better view and control of the finances is given such that the Accounting software also improves the overall collaboration with the team.

If you are wondering how to choose the best accounting software and ascertain what would be good for the business, just one thing is of important. That the Digital Cloud Accounting software should not be tedious and a chore to apply and use. Any business accounting software, whether digital or manual, if not available on the cloud is not a chosen option. Apart from using excessive energy and efforts, it may still have the risk of being lost and getting tempered with.

Explaining the Cloud

The best example of the cloud that may be given is the online banking system. Every time you wish to login you may be able to do so from anywhere and at any time. This concept of making data available over a range of devices and platforms on a secure and safe platform is called Cloud. This basically means that you no longer the need the hard drive and the data because everything is stored online.

Issues with Traditional Accounting Software

There are various issues when it comes to traditional Accounting. Some of the basic ones are:

Neither is the data up to date nor is the software ever ready
The system would just be user friendly to one machine and the data storage is on a single machine as well.
Loos of data is a common problem
Only one single user would have the access. Key people accessing the data would have to share the access details
Expensive and difficult to maintain over longer periods of time
Backups are risky and at the threat of a loss as well
Customer service is not very effective.

Why use the Digital Cloud Accounting

While you have the ease of using the software from any device that is connected to the internet connection, the connectivity with the accountants and data is online and throughout. Scalability is a great advantage and so it the cost effectiveness.

Basically, the digital Cloud Accounting platform would be able to make the data and the software accessible at any time and to any number of users. This also retains the data on the main server, which makes it even easier to access it anytime.

There is no backup required as the entire system is automated and you may not feel the need to necessarily run or download an app.

World class Security and Sharing

While you might retain the fear of having data somewhere stored online, it is actually the safest way to store data. Take for instance a laptop that is stolen. No one can still login to the system unless they have the user access and the password. As opposed to the hard drive storage, the data storage in this case is always live.

In addition once you have invited a set is users to access the data, you would be able to limit their rights of accessing the data. This would also help you control what amount of data at what level has to be shared.

Shifting to Cloud Accounting is the best and safest decision that you can take for your business irrespective of the size of the business.

Category: Account