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3 Smart Money Moves to Make Before Starting a Business

Success

Because business growth requires capital to support payroll, accounts receivable, inventory and more, it’s a good idea to establish forecasting models. Having a good handle on your monthly expenses and savings to cover unexpected non-discretionary costs can help offset the uneasiness that comes with this adjustment. Do your prep work.

Finance 345
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In-Depth Guide to the Timesheet Approval Process

BMT Office Administration

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. Whenever a manager submits their employee timecards to payroll , they need to be extremely precise.

Payroll 52
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Benefits of outsourcing HR for small businesses

BMT Office Administration

Most small businesses focus on their product/service team and sales staff in the early years, but someone still needs to run payroll and handle onboarding for new hires. This includes things like payroll administration, employee benefits , HR compliance, and talent acquisition. How does HR Outsourcing work for small businesses?

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

BMT Office Administration

These software services can be a budget-friendly option for easy file storage and document sharing, but they do also come with some limitations: Pros: Most of the top cloud-based file storage and sharing tools are fairly user-friendly and offer a minimal learning curve. Cons: Can be cost-prohibitive for smaller businesses.

Filing 98
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The best timeclock options for small businesses

BMT Office Administration

In order to pay your employees correctly, keep track of labor costs, and manage employee attendance, business owners need to invest in a reliable time clock system for their workplace. From high-tech biometric readers to simple punch clocks, there are many options to fit your budget and preferences. Let’s take a look.

Payroll 52
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5 Administrative Assistant Skills That Add the Most Value

Admin Awards

Managers and executives also value assistants who know how to use accounting, payroll and HR applications. Budget perceptiveness. Proposing cost-cutting solutions to those within the company is a good way to make yourself indispensable to the organization. Ability to display grace under pressure.

Skills 40
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Should City Governments and other Businesses look to Virtual Services to Save Money?

Tips From T. Marie

It’s a rare occurrence when reading an article about a city budget makes me sad, but it happened just a few moments ago. But, he said, the city could use the payroll savings. Converting an in-office worker to a telecommuting employee saves money by reducing overhead costs. especially in the current economy.