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Having a healthy cash-flow is the lifeblood of each business and creating invoices is the first step to getting paid. Invoicing should be done quickly and hassle free, as even the smallest mistakes can lead to missing large amounts of cash. That is one of the reasons why an easy to use accounting system is crucial to run your business smoothly.
Sage Business Cloud Accounting, previously known as Sage One Accounting, has released the new mobile application. The cloud based accounting system, which is a perfect solution for any small business in Malta, has improved its application for an even easier use. It is free to use and compliments the accounting system for a smoother experience. The new mobile App is currently available on Apple’s App Store as well as Google Play store.
Often some of the costs are left out because they are small and seem insignificant. Hidden costs can pile up like an iceberg and sink your business like the Titanic. They can make you think, that you’re business is more profitable than it actually is. What are these costs? We have collected 5 hidden cost categories, which could help you find your iceberg and break it.
2019 is here and with January coming to an end, it is the last moment to plan your finances for the year. Review the company’s existing financial situation to determine where your business requires improvements for the running year and many years to come. If you don’t have a plan yet, take a look at 3 of our suggestions, however, if you do, read through the list and tick, if you’ve covered them all.
There are many things, which help a business run smoothly, and one of them is managing a steady cash flow. With the business growing, the environment is changing and one question you have to ask yourself is: Would my accounting system grow with me? Choosing an appropriate accounting system can be crucial for a business of any size. A simple account management for a small business can save 40 hours a month and the number goes up with bigger businesses. Ask yourself these 3 questions to see, if your accounting system is fulfilling the needs of your business.