Small Business Accounting Tips to Save Your Time and Money

Does the idea of managing your business finances intimidate you? We do understand it could be a daunting task especially if you have no prior knowledge of it but with some uncluttered guidance and favorable tips, we can help you in staying ahead in your accounting game. Let’s have a look.

Embrace Technology

There are several money management applications and business accounting systems such as QuickBooks, Sage Accounting, FreshBooks, Cloud accounting software that can keep track of your financial transactions, it incorporates your bank statements, allows you to actively update your expenses and give you a real-time financial position of your business. Sounds easy?

Update your Books Regularly

We know you don’t like it, but it could be burdensome at the end of the month. Make sure you update your expense data, inventory, and revenues weekly. Take time to reconcile your bank statements. Automate your invoices and expenses using QuickBooks or Square. This would save you from tussle of paying extra tax at the end of the day.

Learn it Yourself

Owning a small business requires you to be hands-on all the time. It is understandable that in a smaller business setup, hiring employees could be hefty on the pocket. So, here is what you can do. You can learn some accounting yourself, maybe from your community college or courses available online. It would give you a better understanding of how money works. Plus you can also keep an eye on the accountant you hire later. And it’s good to have knowledge of diverse fields.

Don’t mix up your personal and Business transaction

Maintain your business and personal expense separately and don’t mix them in any case, no matter how intriguing it seems. Dedicate a separate bank account and credit card for your business.

Hire an Accountant

Employing the expertise of a professional tax accountant canberra would help you in saving your time and money. You won’t pay him only for bookkeeping your financial transactions, you can also do that but to interpret and analyze your business revenues, report and recapitulate your financial data and to access the company’s financial performance. To pay heed to Tax rules and regulations that are ever changing and use his forte to minimize your taxes.


He would also be responsible to devise a reminder sheet for the payments of your credit cards, business loan installments, utility bills, and taxes to save you from penalties. It’s better to put all the hassle of accounts payable, receivables, liabilities and loans, legal fee and payroll on your accountant and save yourself for better tasks: i.e.; to grow your business.

Bad financial management could be regretful for your business. To fend off any such disaster, you are required to keep a punctilious track of your business finances. Taking all these preventive measures, you will spend less time fretting about the muddy mess of your transactions and more time doing what you love.…

"Small Business Accounting Tips to Save Your Time and Money"

Find the right people to provide security for your business

Are you looking for security services in Sydney? There are times when finding the right security team to help guard your business is just as important as finding the right staff to make the business work. Whether you are planning to hire a single member of a security team or looking for whole team to help guard your assets you should be looking for someone who has an impeccable reputation and does their job well. Make sure to keep the following things in mind when hiring security services in Sydney.

  • When looking for a security service make sure you do a whole lot of research. This would entail finding about a security service online and offline as well. The best way to find how a business is faring is to check out the online reviews left by previous customers. See what kind of review have been left regarding their services. Don’t be swayed over a few negative comments but if you see whole lot of those comments you must consider that there could be a problem which should be looked into.
  • On the other hand you can ask other businesses in the same as yours whom they have hired to provide security. Whether they are happy with the kind of services which are being provided. This is also a great way of knowing whether you should be hiring a particular security service or not. Get to know whether they are prompt in action, tech savvy and do their job well.
  • Set up a detailed interview. You must have a long talk with the security service provider. They should be aware about your business model and specific area which might need more security than others. Also take a look at what other security suggestions they have for you. This would include incorporating the use of security gadgets like cc TV cameras and alarm systems which range from simple burglar alarms to more advanced state of the art lock and key system. The people that you hire should be properly trained in handling all these security equipment.
  • Also before you hire their security guards make sure you mention whether you are looking for personnel in uniform or more understated security. It would all depend upon the kind of business you have and the right security needs. You may even be asked to make a decision whether you want to hire armed guards or not.
  • Once you have let the security service know all about your business model it is time to discuss the charges and the budget that you have in mind. Be assured that the right security team might charge you extra but you can rest assured that your business is in safe hands and you can rely on them without fear.

Keeping the above mentioned things in mind would help you find the right security services in Sydney. Just make sure that you do your research and ask the right kind of questions.…

"Find the right people to provide security for your business"

Tips To Keep Your Business IT Systems Secure

When you run a business, it is important that you keep your IT systems as secure as possible. Fortunately, there are a number of tips that you can use to help you ensure that all your systems are secure. Some of these tips might seem like common sense, but you will be surprised to know that many businesses do not take this as seriously as they should.

Protecting With Passwords

This tip might seem like common sense, but a lot of cyber attacks are successful because of weak password protocols. To ensure that your systems are safe, you need to track and limit access to equipment, networks and data through the use of unique usernames and passwords. The strongest passwords will generally contain numbers symbols and letters while not being based on commonplace words.

You also need to ensure that passwords are changed on a regular basis. Many experts recommend having user update their passwords every 3 months. This will ensure that any older information which falls into the wrong hands will not be usable.

Use a Managed Security Service

Many companies provide managed security services. These provide varying levels of safety and security to your internal systems. Investigating the options available is always a good idea.

Design A Safe System

One of the best ways to keep your IT system safe is to reduce the access to the infrastructure. To do this, you will have to restrict the access that users have to only the software and equipment they need to complete their job. This will limit the access points that you have to safeguard and secure.

You also need to ensure that all access points in the system are secure. If you have a wireless printer as part of your system, you have to ensure that the printer is secure as well as the overall network. These are vulnerable access points that have to be looked into and secured.

Keep All Software Up To Date

While you need to look at the access points of your system, you also need to look at the software you are running. All software should be up to date as this ensures that any backdoors and weak points are closed. Updates to software will generally contain patches that make the program more secure and you need to have this.

You also need to have a virus scanner on the system that runs automatically. The virus scanner will also need to be kept up to date to ensure that it is looking for the newest threats to your business. Having the scan run automatically is important because it stops employees from delaying it and potentially causing a vulnerability in the system.

Be Careful With The Cloud

The sensitive data that your business has should be kept out of the cloud. Cloud storage may seem like the best solution for your needs, but it is not the most secure. Cloud storage will hold your sensitive information on remote servers which a third-party has access to and they could be vulnerable.

If you have any sensitive data, you should house it on your own server. This will reduce the number of access points and you will know exactly who has access to this data. If you have a secure IT system, you will also be sure that your data is safe.…

"Tips To Keep Your Business IT Systems Secure"

Top Qualities in a Workplace Trainer That Make Them Great

Employee training is vital to success in the business world, but many people do not realise how important the trainer is in this. If you do not have a good trainer, your employees will not be getting the training that they need. This is why you need to know what the top qualities of a great trainer are so you can ensure that you hire the best one for your business.

A Command Of The Material

A great workplace trainer will know the material that they are going to be teaching. They should be able to infuse some of their own experiences into the training to make it more relatable to your employees. There is no point in hiring a trainer who has no knowledge of the material that they have to teach.

Of course, this does not mean that the trainer has to be the leading expert in the material. They do not have to know every facet of the material, but they do need to know where to go to get answers if they do not know something. They should also have enough understanding to answer most of the questions that your staff will have.

Preparation And Practice

A great workplace trainer will make the delivery of their class appear easy and seamless. You do not want your employees to be distracted by all of the behind the scenes workings that go into training. You also do not want a trainer who is always looking at their notes while giving a class because this will not inspire confidence and will lead to your employees not really paying attention.

Before you hire a trainer, you need to find out about the preparation they complete before they start training courses. The trainer should find out how the course they are teaching will impact your business and if they are helping you implement a new system, how this will affect your employees. There is no point in having a trainer who cannot show the benefits of something that they are teaching.


Readiness is vital when you want training to run smoothly. You do not want your employees to be booked for an hour-long training session only for them to have to wait 15 minutes while the trainer sets everything up. This will limit the amount of time they have to absorb the training materials or will cause the training to run over time which impacts other aspects of your business.

The trainer should also have all materials ready for the employees. If a trainer is disorganised, your employees will not take anything they say seriously. This can translate into poor training and them not having the knowledge that they need to complete their jobs.

There are a number of qualities that you need to look for in a workplace trainer. They need to have clear knowledge about the product they are teaching as well as being organised. They should also be able to clearly communicate with your employees to ensure that everyone understands the materials.…

"Top Qualities in a Workplace Trainer That Make Them Great"

What Qualities Make A Great Digital Marketing Agency

Before you hire a digital marketing agency, you need to understand what makes an agency great. There are a number of different qualities that you should be looking for in an agency and you need to know what they are. By ensuring that the agency you work with has these qualities, you can ensure that they are able to complete the marketing that you need.

A Team Of Experts

The digital marketing agency that you choose needs to have the right people and people that are experts in their fields. Having the right team will ensure that you are able to get the right results every time you use them. To determine the experts that you need, you have to consider what you want the agency to do for you.

If you want the agency to help you with your social media marketing, you have to ensure that they have staff who are experts with this. To determine if the staff are experts, you should see if they have any formal qualifications or vocational training. You also need to check what results they have achieved for other businesses.

The Tools To Achieve Results

There are a lot of high-tech tools that businesses can use to help them achieve the marketing results that they want. However, there are some agencies who say that they have the right tools for the job, but do not actually use the right ones. There are also many agencies that have the right tools, but are not able to use them correctly.

To determine if the agency you want to work with has the correct tools, you need to ask them about what they are going to be using. You should also ask them how the tools are going to be used to achieve the results that you want. You should also consider if the agency is a Google Partner which shows that the agency has completed the necessary Google exams.

Flexibility In Their Approach

If campaign A is not working for your business, you need to have an agency that is willing to shift gear. The agency should have a plan B and a plan C to ensure that you will always get the results that you want and need. If the agency is not flexible, the will not be able to provide you with the results that your business needs to move forward.

Of course, when you look at flexibility, you need to be careful with what the agency is offering you. The agency should never offer you a guarantee on the result from any campaign that they run for you. While it is possible to use data to try and determine what the results will be, there is no guarantee that what you predict will happen.

There are many different qualities that you need to look for in a digital marketing agency before you work with them. These qualities will include having the right tools for the job, having the right people for the job and having a flexible approach to your marketing.…

"What Qualities Make A Great Digital Marketing Agency"

4 Ways To Improve Motivation in Your Team

The productivity of your business depends on how motivated your employees are at work. Unfortunately, according to psychologists, a salary increase can’t be considered a motivator. The reason is that humans are subject to a phenomenon known as hedonic adaption, which makes us get used to good things that come into our lives. Your employees will be happy to get the extra money, but shortly after, the new salary will become the norm, so it won’t stimulate them to work any better. Here are a few of the best ways to keep your employees motivated at work:

Constructive Feedback

Your best employees are eager to receive your feedback, in order for them to be able to calibrate their activity. When offering them this feedback, make sure to make it constructive. If you have something negative to say, try to balance it with something positive. Don’t seek for the guilty, but rather inspire your team to seek for solutions instead. Criticism is good, but only when it is constructive and meant to help people become better performers. When harm has been done, the best way to proceed is to learn the lesson and move forward. This approach will motivate your employees to learn from their mistakes and to avoid repeating them over and over again.


Good employees want their work to be acknowledged. They need to know they’ve done a great job. You can keep their motivation up by praising performance whenever you encounter it. At the same time, it’s good to give your best employees monetary rewards when they exceed your expectations. Nonetheless, money alone isn’t enough to motivate them keep up the good work. The right mix of bonuses and praise can do wonders for your team, so try to find the golden ratio between the two.

Personal Growth Opportunities

You can be the best business manager in the world, and still fail at motivating your employees, if you don’t offer them enough personal growth opportunities. Your employees are humans above everything else, and humans have this intrinsic need to perfect themselves. Send the best of them to professional and personal development courses, and make sure to help them improve their skills and acquire new ones.

Fringe Benefits

Regardless the size of their pay, your employees will feel more motivated if you offer them some fringe benefits to complement their salary. Strangely, people perceive a good medical insurance or a paid holiday as having a higher value than their monetary equivalent. By offering such perks, you’ll be perceived as a more generous employer.

These are the best ways to keep your employees motivated at work. In addition to all the above, honesty, fairplay, respect and an uplifting work environment will contribute to making everybody in your company love and appreciate you. You may not be able to please everybody, but you’ll surely manage to keep the team spirit and the motivation of your best people to the highest levels possible.

For more information visit:

Cornerstone Consulting

"4 Ways To Improve Motivation in Your Team"

Why Every Business Should Have An Honour Board For High Achievers

Good team leaders know that keeping the employees motivated is one of the key success factors of any business. However, this is easier said than done. It’s in our human nature to lose motivation in the absence of a moderate level of pressure. Furthermore, even the best workers and team players can lose their motivation if their achievements aren’t properly acknowledged and rewarded.

Motivation is Key

Monetary rewards are an excellent way of showing your best employees what a great job they are doing. Nonetheless, there are times in the life of a business when cash flow problems and other financial difficulties may prevent you from properly rewarding your people. In such situations, you need to get creative and come up with ideas to uplift the spirit of your teams and challenge them to perform. This is the role an honour board for high achievers can play in the overall scheme of things.

It is up to you whether you choose a weekly, monthly or yearly board. However, monthly boards are perhaps the most effective. They stimulate employees to compete against each other, the reward being tangible enough for them to keep fighting for a spot on your next board. Yearly boards don’t offer the same level of stimulation, as this timeframe will result in the fading away of your people’s interest. On the other hand, weekly boards aren’t challenging enough. People need to feel they have enough time to make a difference and get noticed, and one week is far from being enough. This is why you should probably settle for a monthly board, with a yearly addendum.

Competition is Great for Productivity

Even though many people claim they aren’t stimulated by such internal competitions, their belief proves nothing else than the fact that they don’t understand the human nature in its deepest details. According to psychology experts, humans have the urge to compete written in their genes. We compare ourselves against each other multiple times per day, without even acknowledging that we are doing it. By implementing an honour board for your highest achievers, you’ll plant the competition seed in the brains of all your employees. Their work shall reflect this, so you may soon notice a nice productivity boost among your workers.

These are a few reasons why you should consider implementing an honour board and communicating it to all people in your company. The sooner you do it, the faster you’ll be harvesting its fruit. Large multinational companies hire psychologists for a reason. They know how powerful our biases are. They also know how simple actions such as the addition of an honour board can do wonders for the profitability of a business. When your employees try harder, they improve their productivity. As productivity is in direct relationship with profit, it’s easy to understand how making your teams more productive can influence the bottom line of your business. If you haven’t thought about this by now, it’s just about time to reconsider this elementary, yet powerful idea.…

"Why Every Business Should Have An Honour Board For High Achievers"

4 ways in which the doing business in future may be different

Bureaucracy in business is a thing of the past. Most businesses now take a collaborative approach and value the suggestions of others before taking a decision. The concept of the hierarchy has also changed. It’s flatter now. We don’t see much aggressive management in the workplace. The ways businesses are conducted have changed. It’s still changing and we can expect that it will be different in the following ways.

More connectivity

The advancement in technology will keep on reshaping our workplace. There won’t be any geographic or personal barriers when working. The virtual world will offer various opportunities for employees to collaborate with one another.

Companies will be seen as communities

The future companies, known as the beta companies, will provide salaries and benefits to its employees differently. Salary will be seen as an incentive. The benefits employee received will be personalized. The structure of future companies will be flat and so every employee in the company will have the chance of making a change.

Customers, partners, and competitors will work together

In the future companies, the collaboration will take a new level. The partners, competitors, and customers will work together to achieve their goals. They will work together to solve problems or talk about new opportunities. The workforce will be very diverse.

The concept of retirement will change

People won’t have the limitation of retiring at the age of 65 anymore. They will be able to stay for a longer period so that the company can take advantage of the person’s experience. The life expectancy of people has increased over the years. People find it hard to maintain a decent living with their retirement money and the government also finds it hard to afford pensions. So, by allowing people to work beyond the age of 65 both the employees and the government will benefit.

These are some changes you can expect in businesses soon. Many companies are already adopting these practices and the others will follow.   These practices will make the businesses more transparent and there will be more opportunities for creativity.…

"4 ways in which the doing business in future may be different"

3 tips for becoming successful in business

There are some very smart businessmen out there who are making their ventures successful by taking wise moves. If you want to be successful like them, here are some tips for you.

Do things differently

You must do things differently than other business owners. You should always be adapted to changes in business and the market. You should deal with competition and try to attract the customers. Many companies will try to influence your customers to buy their products of services. You should come up with innovative ideas so that the customers come to you instead of going to the competitors. You should continuously come up with new strategies to keep your business growing.

Have a written plan and be flexible with it

It is very important to have a written business plan for your business. This plan will act as a guide to help you through many difficult situations in business. It will help in decision making. However, you shouldn’t stick to your plan always. There may be circumstances when you may need to shift from your written plan and you shouldn’t hesitate to do so.

Welcome suggestions from others

You shouldn’t react negatively to any feedback or criticism about your business. You should consider others’ opinions seriously and take their comments as a tool to improve your business. You shouldn’t take anything personally and don’t let your ego come on the way.

These tips will help you to become successful in business. You will be better able to deal with competition and changes. You should always try to improve your performance so that you can stay ahead of the competition.…

"3 tips for becoming successful in business"

4 steps you can take when your business shows signs of failure

Not all businesses go down the road of success. According to a survey, about half of the businesses in the U.S. fail within the first five years of their operation. Before your business fails completely, it will show signs of negative performance. Once you realize these signs, you must take certain steps immediately to save your business. Here are five steps you can take.

Change the direction of your business

The reason your business is showing signs of failure may be because it’s not going in the right direction. So, you should do some research and change the direction of your business. You can change your target customer, for example. You might also think of selling a different product.


You should analyze your current situation and find out whether your products or services are positioned correctly or not. You should position your brand differently in the minds of your target customers. For example, if a certain product that you sell is targeted towards men, then you can rebrand it to include female target customers as well.

Focus on selling to niche market

Your market may be too broad to sell your products or services properly. You should focus on a niche market and cater better to the customers’ needs. You should find out the needs of your niche market and provide better product or service for them compared to that of your competitors.

Have a new marketing plan

You should look at the market and find out about the latest marketing practices. You can get ideas from successful companies selling similar products or services as yours and find out how they are marketing. You should increase your budget for online marketing. You must conduct market research and hire a marketing consultant, if necessary, to create a new marketing plan for you.

You should take these actions before it’s too late. The moment you see signs of failure, you should sit down with your employees and stakeholders and start to analyze various aspects of your business. You must first find out what is wrong and then come up with a plan to fight back.

"4 steps you can take when your business shows signs of failure"