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Business finance: The ultimate guide for non-finance people

BMT Office Administration

Either way, you’ll need to master the basics of business finance if you want to find success. Even employees not working directly in finance generally need a basic understanding of it to succeed. Nothing exists in a bubble, and business finance is no different. Why is that?

Finance 105
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Finance for Recruitment Entrepreneurs

Recruit CRM

Many new entrepreneurs who are not basically finance. professionals, struggle with the jargons used in finance and accounts. structure of finance and accounts required for a small business to start with. in Finance. Expense) in $. Travel Expenses. Marketing Expense. Software & Internet Expense.

Finance 52
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Cost Cutting Your Business Expenses

Small Business CEO

Expenses can be a burden for any particular company. You can’t manage and operate a business from an empty pocket. Since expenses cannot be eliminated, entrepreneurs must find a way to at least lessen the cost required for business operation. You must note that small expenses can pile up and often cut into profits.

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Which tasks should assistants manage?

Practically Perfect PA

The executive’s calendar should be completely controlled by their assistant and the executive shouldn’t edit the calendar at all (in an ideal world!) Purchase orders, invoices and expenses. Assistants should also manage the expenses process for their manager – organising receipts, completing paperwork etc.

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Even Processing Credit Cards Can Be Paperless

Eco-Office Gals

However, you don’t have to be drawn into a merchant account for credit card processing that uses paper receipts, a bulky device at the register and paper monthly reports sent to you in the mail. Every aspect of your business finances can be controlled digitally and backed up without fear of losing the information.

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The Benefits of Renting Office Space

Productivity Bits

O wning a building gives people the freedom to do anything they would like with their property, but this doesn’t always benefit every business owner. If the amount they are paying becomes cost-prohibitive, they can also decide to move to a less expensive property without having to worry about selling the property.

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Accounting Tips for New Small Business Owners

Small Business CEO

While there are plenty of software accounting programs and mobile apps out there, that isn’t what this post is about. Business shouldn’t be personal. You can’t hide your daughter’s braces, or your son’s new hockey equipment in your books. Also, keep your personal finances out of the business.