While every business begins with the dream of making money, few are launched with any expertise in what to do with it. But don’t worry – we’re here to help. This monthly series will offer important accounting and financial management tips for those of us working hard, wearing many hats and wondering how to read a balance sheet.
Payroll- Hiring an employee is supposed to make things easier not more difficult. Unfortunately, the onboarding process to get new employees set up on payroll can be tedious and stressful. To simplify things, we suggest using automated payroll and HR systems like Zenefits, Gusto, and Intuit Full Service Payroll. Stop wasting time trying to remember when you need to submit payroll and file tax documents—put your payroll on autopilot so you can get back to growing your business.
Invoicing- Tired of trying to track time and invoices for your services? For many business owners it’s a daunting task that can take as much time and energy as the job itself. To work better and get more accomplished, leverage software like Harvest to track time and automatically bill your clients for that time worked. Setup recurring Invoices in accounting systems like Xero for those fixed fee and retainer-based clients. Harvest streamlines the invoice process and empowers you to spend less time tracking and more time doing.
Expenses- Rather than sifting through receipts and documents once a year, take advantage of technology like Expensify to keep your expenses managed in real-time. Scan receipts, capture mileage, and automatically import all card transactions to create hassle-free expense reporting that will make that pile of receipts under your desk a thing of the past.