Friday, July 30BIZGROWTH Is Your Small Business Digital News Source.

Tech

Online Billing Options for Small Businesses that are Converting from Paper Money

Online Billing Options for Small Businesses that are Converting from Paper Money

Breaking News, Business Solutions, E-Commerce, Payment Processing, Tech, Trends
A lot of entrepreneurs have shifted from paper to online billing, however; there are still several small-scale business owners who are wallowing in the paper method. This method is relatively costly and consumes more time and effort compared to online-based billing. Manual paper operations take a little bit longer, while online billing is instant by clicking a button. We have compiled a list to smooth out your transition from paper to online billing. Wave This is an online software for preparing accounts and invoices for entrepreneurs. Wave's most outstanding feature is that you will not be required to pay high fees for the services therein. It offers services in full bounty, ranging from payroll preparation, invoicing, billing and many more. As an added bonus you will not be re...
Software for Small Business Accounting

Software for Small Business Accounting

Business Solutions, How-To, Tech, What's Hot
Most small-scale business operators have minimal knowledge of accounting and bookkeeping, and hence they cannot perform some functions solely. The good news is the internet provides access to electronic software to suit just that purpose. The options provided are vast, and it may be tricky to find one that suits all your accounting needs. Therefore it’s vital for you to bear in mind the specific functions for which you need help. It will also be beneficial if you are precise about your financial capability to avoid the options that will end up causing losses. You should also ensure you put more emphasis on the elements you regard as priorities in your business. We have compiled several online software systems that will ease up your accounting. Pabbly Subscriptions Pabbly Subscri...
Tips for Saving Money When Reopening Your Business after Covid

Tips for Saving Money When Reopening Your Business after Covid

Breaking News, Business Solutions, E-Commerce, How-To, Tech, Trends, What's Hot
Due to Covid-19, many businesses have been operating remotely. As life slowly moves back to normal, however; several businesses are reopening, and others are in the process of doing so. As business owners adapt to the “new normal,” there is a lot they need to take into financial consideration since these are more extraordinary times that require additional measures. To avoid spending extravagantly, it’s important that business owners revisit their business plans to determine what can be omitted to avoid unnecessary spending. Cut on non-essential subscriptions Times have been good before, and many businesses had services and subscriptions to make the working environment more manageable. Most of these extras are not necessities, and because employees can work without them ...
Avoiding Mistakes When Implementing a New POS System

Avoiding Mistakes When Implementing a New POS System

Breaking News, Business Solutions, How-To, Payment Processing, Tech, Trends
A point of sale system has made it easier for merchants and businesses to sell their products and services conveniently to their clients. Whether you have a retail store or small business, your POS system will help you manage your operations and get more sales. You can also use your POS system to leverage eCommerce features like ordering online. POS system problems occur if you install your POS system incorrectly, if your employees lack POS training, or if you don’t have a clear understanding about what type of POS you need. However, many POS system mistakes are avoidable if you choose and implement your POS system properly.  Mistakes to avoid when implementing a new POS system Picking the wrong POS Oftentimes, businesses do not take their time to select the right POS sys...
Top POS Systems for the Restaurant Industry

Top POS Systems for the Restaurant Industry

Breaking News, Payment Processing, Tech, Trends, What's Hot
The top POS systems in the restaurant industry do more than accept and process sales payments. They make it easier to run and manage your business with features that help you connect with your customers and analyze sales data. The POS system features also help you track inventory, manage employees, and analyze data. These systems also have integrations for loyalty programs and email marketing that save you time and streamline processes. Below are some of the top POS systems for the restaurant industry. Touch Bistro Touch Bistro is an affordable POS system that focuses on the restaurant owner's needs and has reservations, table and delivery management features. It suits all kinds of food establishments including casual eateries, fine dining, pubs, food trucks and cafes. It ha...
Avoiding Mistakes When Billing Clients Not in the Office

Avoiding Mistakes When Billing Clients Not in the Office

Business Solutions, How-To, Payment Processing, Tech, Trends
Finance is the main component for maintaining a business that is run smoothly. Many businesses, whether new or established, struggle with billing or invoicing. A business owner may assume that invoicing is simple, straightforward, and may not require full attention, however; this is untrue since billing and invoicing clients properly is a major part of the job. It’s also vital for a business owner to avoid common mistakes or errors while billing or invoicing their clients. Below are some of the mistakes to avoid when billing clients out of the office. Invoicing the wrong person Invoicing the wrong person is one major mistake you should avoid when billing a customer as it leads to problems, delays, complicates the process and looks unprofessional. A business owner needs to make s...
Steps to Get Started with Your POS System

Steps to Get Started with Your POS System

Business Solutions, E-Commerce, How-To, Payment Processing, Tech
A point of sale (POS) occurs when a client executes the payment of goods or services. A point of purchase is when sales taxes become payable. Point of purchase transactions may occur in person or online, with receipts either generated electronically or in print. It’s also a software program that functions as a retail management platform for running your entire business. It’s vital to choose the best POS system for the industry to track your inventory and help take care of your clients. Below we take a look at some of the steps to get started with your POS system. Determine the store you would like to have The steps involved in getting started with your POS system will depend on your store's processes and setup. It would be best to determine how many registers you require, the de...
Selecting the Right POS System

Selecting the Right POS System

Business Solutions, E-Commerce, Payment Processing, Tech
A great POS system is vital for simplifying business operations, tracking inventory and controlling cash flow. It provides a consistent stream of data which helps with making informed business decisions and improving return on investment. Other features of a quality POS system are inventory management, sales reporting, employee management and accounting. However, due to a variety of options available on the market, selecting the right POS system can be challenging. Below are some of the essential tips to consider when choosing the right POS system. Understanding what your business needs Having a good grasp on your business needs is the first step in choosing the right POS system. Because POS systems are vital for keeping track of ongoing activities in sales and inventory, you sh...
Best Practices for Billing Clients Not in the Office

Best Practices for Billing Clients Not in the Office

Business Solutions, How-To, Payment Processing, Tech, Trends, What's Hot
Establishing best practices for billing clients is a critical component for enhancing positive cash flow and keeping the business running smoothly. With that said, it’s critical that a business has an established invoice system that sends and creates bills efficiently. Implementing best practices for billing clients when not in the office will save you time and money. It also helps generate more revenue in the business. Below are some of the best practices for billing clients outside the office. Set your terms Before working with a client, you should both agree on a set of terms. This is an initial step toward good customer relations, helps to avoid any friction, and increases the chances of getting paid on time. The set terms should clearly state when the project should be comp...
Steps for Setting up a Virtual Payment System Successfully

Steps for Setting up a Virtual Payment System Successfully

Business Solutions, E-Commerce, How-To, Payment Processing, Tech, Trends
The advancement of technology has led to many businesses shifting from traditional payment methods to cashless or virtual payment methods. More and more businesses have taken advantage of the latest technology to create user-friendly, reliable, and convenient virtual payment systems. Therefore, businesses must set up a virtual payment system that will be dependable and enhance the business's growth. Here are some of the steps for setting up a virtual payment system successfully. Select Your Business Structure Before setting up your virtual payment system, you need to determine the structure of your business. Each business structure has different requirements and rules regarding personal liabilities and taxes. These different characteristics will help you determine the best virtu...