There are slight differences between accounting and bookkeeping and they are mainly some technical differences. To understand what separates accounting from bookkeeping we must completely understand both categories and we must learn how they function in the everyday use. Bookkeeping is the process of recording the business transactions and the relations between the transactions.
Halvor Gregusson Time is money. The good news is that technology has finally reached a point where businesses — even small or medium sized ones — can automate a great deal of their daily operations. Not only does this save you timeit allows you to spend that time on other money-making improvements, leading to even faster business growth overall.
Ready to take advantage of these technological improvements? The following are a few ideas to get you started… Common Business Tasks to Automate Posting to Social Networking Sites Social networking is an essential brand-building and marketing technique that every business should be engaged in.
But doing it right takes time. Fortunately, the most popular social sites out there allow you to automate a great deal of the actual work. By frontloading content and scheduling it to go live on a regular basis, you can keep a steady flow of shareable goodies flowing to your followers without having to deal with it every day.
Consolidating Social Networking Tools like Hootsuite, Tweetdeck and Buzzom allow you to sync multiple social accounts — including Twitter, Facebook and more — so that you can view and manage all of your different profiles from one handy user interface.
Website Login Automation Many businesses rely on members-only websites for a great everything from webhosting to ordering inventory and even bookkeeping. But logging in to these sites can be an annoying and repetitive task — especially if you forget your password or user name!
Automated login software can save you a ton of hassle by storing all of your login data for you.
The Windows platform offers basic login storage, as do some security software programs like Norton You can also find standalone products like HandyPassword and RoboForm that will automatically manage the login process for you.
Filling Online Forms Software programs like Roboform also allow you to automatically fill in forms using any of your stored information, including your name, address, billing info and so on.
This data is secured on your computer and can be called up whenever prompted, saving you time when it comes to subscribing to emails, downloading freebies and signing up for new services. Email Templates Having email templates handy can also save you a ton of typing time.
All you have to do is set up the templates to begin with and set up your automation rules. Email Signatures Every email client whether desktop or web based offers users the ability to create customized signatures.
Reporting Every business has to deal with reporting. Computer and Browser Maintenance Similar to back-ups, background activities like drive defragmentation and cookie clearing take time and slow down computer performance.
Instead, schedule them to run automatically while your staff is out of the office. Keeping in Touch with Customers and Clients Email is a wonderful data collection and customer retention tool, but unless you automate your system, chances are your customer relations are going to fall by the wayside.
Instead of reminding yourself to write email follow ups all the time, use an autoresponder service like Constant Contact to frontload any email communications you have and schedule them to deliver automatically. Best of all, many of these services are so specific that you can customize lists within lists.
For instance, if you wanted to send out a happy birthday notice to everyone on your sales list that has a birthday in the coming month, you can do that, using the power of list filtering and autoresponder management.
RSS tools like FeedBurner allow you to syndicate your web content easily. Additionally, those feeds can be used by third-party applications like TwitterFeed to post links to that content automatically on various social networking sites the instant it goes live.
Macros can be used to do pretty much anything you need to do on your computer with the click of a single button. These services allow you to save time by outsourcing small tasks to contract workers, freeing up your time and energy for more mission-critical objectives.
However, more full-featured software programs like Quickbooks and BillingOrchard also offer automated invoicing services that send reminders until the bills are paid, so consider all of these different options when choosing the best solution to automate your accounting and invoicing needs.The practice of accounting is one of the oldest and most indispensable professions in business.
Accountants are often responsible for producing and reviewing financial records for their employers, enabling managers and officers to make better, more informed decisions. Finding computer applications for various aspects of a company's operations has, in recent years, become an increasingly vital task of many small business owners.
Get the expert information needed to run your business more effectively. From Finance to Marketing to Insurance, you'll find it in The Hartford's Business Owner's Playbook. Time is money. No doubt you’ve heard that expression once or twice before. The good news is that technology has finally reached a point where businesses – even small or medium sized ones – can automate a great deal of their daily operations.
Australian small business owners consider bookkeeping to be associated with only Accounts Payables, Accounts Receivables, and performing various reconciliation tasks including bank reconciliation and payroll reconciliation by bookkeepers timberdesignmag.com small business bookkeeping also involves setting up and tracking payroll and superannuation functions, preparation and filing of BAS statement.
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