With hardly a month to welcome the New year, its time businesses start planning for 2018. The businesses have to be financially prepared for the coming year by putting in place the various business strategies. Following are a few tips that will keep the business-up and running in the long way. 8 Tips to Bring in The New Year Revisit … Continue reading
To make your brick ‘n’ mortar or an e-commerce small business a success you need to have a set of tools that will help you access your data from anywhere and at any time. When you are starting small you would be wary of the various expenses that are likely to be incurred and this makes you reluctant to try … Continue reading
A common practice of any business irrespective of its size is the capitalization of costs of an asset that it buys. To put it in simpler terms, capitalization means the cost of an asset that is written off in the balance sheet over a number of years. Also be aware that capitalization rule is applicable on all assets regardless of … Continue reading
Traveling to meet the client is a part of any small business and expenses incurred during the client meetings or corporate meetings are simply unavoidable. Ideally, a single client meeting outside your place of residence would include to and fro air travel, taxi journeys and overnight stay in a motel or hotel. These inevitable costs are necessary to take your … Continue reading
It’s normal for a small business owner to travel for business purposes. While on the move keeping track of the expenses can be a hassle. Thanks to the advancement in mobile technology, you can do business on the go and also keep track of all the expenses including the travel expense. Mobile expense report software is one such application that … Continue reading
“3000 hours, equivalent to 125 days or 4 months, are wasted by companies in manual generation of expense reports and correcting them” – Global Business Travel Association (GBTA) Many small business & enterprises still manage their expenses using either paper, a spreadsheet or an outdated system. Cost is one of the factors why many small businesses don’t consider upgrading to … Continue reading
Small businesses usually have a tough time controlling the rising cost as they are squashed between the limited financial resources and the compulsion to keep the prices at a reasonable level. Managing or controlling the cost of maintaining your business is known as cost management. Simply put it’s a way of running your business within a given budget and curbing … Continue reading
