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Bootstrapping Doesn’t Mean Doing It All Alone

Tips From T. Marie

Rather than hiring employees with the expenses of payroll, taxes and equipment, you can create a virtual team that can take care of individual projects and tasks without those expenses. Not having to provide office space, equipment, payroll, health insurance or payroll taxes is a huge benefit.

Payroll 228
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3 Smart Money Moves to Make Before Starting a Business

Success

You could also go through the process of borrowing from venture capitalists and angel investors. Because business growth requires capital to support payroll, accounts receivable, inventory and more, it’s a good idea to establish forecasting models. Borrowing from a bank can be costly due to interest rates and down payments.

Finance 345
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What’s the deal with on-demand pay?

BMT Office Administration

There were at least 11 on-demand pay vendors at the American Payroll Association’s Annual Congress last month, not including the national third-party payroll providers. Nothing wrong with vendors highlighting their products at a convention of Payroll professionals. What is the additional burden on the Payroll department?

Payroll 97
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Everything you need to know about geofencing time clocks

BMT Office Administration

Missed punches happen all the time, and they cause all sorts of problems with timekeeping and payroll processing. They Increase Payroll Efficiency Speaking of missed punches, they’re also a huge headache for your accounting department. That’s not to mention all the time it takes to enter payroll data from timesheets manually.

Payroll 59
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The best timeclock options for small businesses

BMT Office Administration

However, as a small business, it may seem like many options are too extensive, too expensive, or don’t quite meet your needs. From high-tech biometric readers to simple punch clocks, there are many options to fit your budget and preferences. This can make payroll processing more efficient. Work locations.

Payroll 52
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What electronic record-keeping software best fits your needs?

BMT Office Administration

Process automation. Some electronic record-keeping tools can even help you automate your common document processes, including HR and onboarding documentation. However, making the switch to electronic record-keeping often isn’t as expensive or cumbersome as small business owners think. Types of electronic record-keeping software.

Filing 98
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Business finance: The ultimate guide for non-finance people

BMT Office Administration

The beginner’s business finance glossary “Our P&L report shows that our revenue is now greatly exceeding our expenses, and we’re showing a considerable profit.” “In A fiscal year simply represents the 12-month period that a business uses for its accounting, taxes, and budgeting purposes. The good news?

Finance 105