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3 Smart Money Moves to Make Before Starting a Business

Success

For example, do research ahead of time to predict the average accounts receivable timelines for your industry. Because business growth requires capital to support payroll, accounts receivable, inventory and more, it’s a good idea to establish forecasting models. You should consult your own tax, legal, and accounting advisors.

Finance 345
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In-Depth Guide to the Timesheet Approval Process

BMT Office Administration

Time theft is a very real issue that affects organizations from all industries. For example, a solid timesheet approval system will help you stay on budget, and you can gain insights into your workforce’s productivity. Other reasons why timesheet approval is a necessity include: It ensures proper payroll processing.

Payroll 52
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The best timeclock options for small businesses

BMT Office Administration

From high-tech biometric readers to simple punch clocks, there are many options to fit your budget and preferences. Something to consider when budgeting for a timeclock is whether there will be any additional recurring costs associated with your timeclock of choice. This can make payroll processing more efficient.

Payroll 52
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5 Administrative Assistant Skills That Add the Most Value

Admin Awards

Industry knowledge. Knowing the three T’s of the industry — terminology, trends and technology — and being able to articulate them on your administrative resume means that even as a new hire, you will begin to contribute immediately. Budget perceptiveness.

Skills 40