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BizBoost NewsVolume 9, Issue 21For distribution 4/6/20; publication 4/9/20
How to Work from Home More Often
If you agree that “there’s no place like home,” then you may also have a wish to work from home more often. In many cases, you can, and here are some tools you need to get started.
If the products and services your business sells can be sold or delivered digitally, then you’re a candidate for working from home most of the time. If you have a storefront where customers visit to purchase your products and services, you can still perform some of your business duties remotely or rely on staff to greet and serve the customers.
You may also be able to be proactive about moving more and more of your business online. Some examples include:
Meeting with Customers
The next best thing to greeting customers in person is using video-conferencing. You can easily start with FaceTime (for iPhone users). Android users have it a little tougher, but many use Facebook’s Messenger, Google’s Duo (both parties need to download the app), or imo (ditto on both parties).
If you have more complex meeting needs, software like Zoom is perfect to get you started. Hardware-wise, you’ll need a webcam, and a microphone is preferred. If you have a cell phone, you can use the mic and speakers in the headset provided.
Simply create your account at Zoom, and set up a meeting. Invite people by emailing them a link to join you. Join the meeting at the set time, and conduct your business with your customer. You can hide your webcam if you’re shy, and you can share your screen in case you want to go over a report or something else with your client. Zoom has a free account option and can be found at https://zoom.us.
And remember, if you’re a little too shy for videoconferencing, you can always conduct business with clients using the good old-fashioned telephone or email.
Sharing Documents with Customers
If you have documents to share with all of your customers, you can post them online on your website. If you have private documents, you can use portal software to securely create a private section of the portal exclusively for that client. Apps that can do this and that are not accounting-specific include Citrix ShareFile and Box.com.
You can also share documents that don’t have sensitive financial or company information with clients using Google Drive. Simply create them, then share them using the email addresses of the appropriate clients.
Receiving Client Communications
Already customers are reaching out to businesses via all of the social media platforms as well as the messaging platforms, such as Messenger and WhatsApp. Your virtual team can easily track all of these incoming messages by watching for notifications from anywhere in the world.
You might also be using an industry-specific app for customer interactions. For example, if you’re in the wellness space, MindBody apps are ubiquitous. If you’re an attorney, you’re likely using Clio.
Keeping in Touch with Your Team
You can use the same tools mentioned above to connect with your team members, but you will probably want one or two more apps – a private messaging app for when urgent things come up that need an immediate answer, and in some cases, a task management system.
Software like Slack is perfect for you to stay in touch with your team and keep communications private. It provides messaging functionality and more.
For task management, there are literally hundreds of apps to choose from. The simplest is something like Todoist, and typical small business options include software such as Asana and Monday.com.
If you want a Swiss-army-knife suite of tools that perform many of the above functions and are deeply integrated, Microsoft Teams fits the bill by providing a full collaborative platform for businesses of all sizes.
There’s No Place Like Home
We hope these apps provide you with the ability to stay in touch with your customers and your business while working from home, sweet home.
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Tweets
Insert a link to your newsletter, web site or blog before you post these:
Our latest blog: How to Work from Home More Often. Subscribe here: [link]
Want to work from home more often? You can! Learn more here: [link]
Business Tip: Being more proactive about moving more and more of your business online will allow you to work from home more often. [link]
Love working from home? Try holding business meetings online instead of face-to-face. You can start with FaceTime (if you have an iPhone) or use Zoom if you have more complex meeting needs. [link]
If you have documents to share with all of your customers, you can post them online on your website. [link]
Have private documents you’d like to share with a specific client? There are many client portal tools that will help you get the job done. Find out more here: [link]
If you’re a small business owner who would like to work from home more often, our latest article has got you covered. Find out more: [link]
How to Work from Home More Often. Sign up for our newsletter: [link]
Preparations We’ve Made for You to Keep You Safe
During the Coronavirus COVID-19 Spread
We sincerely hope that you and your family are healthy and happy and will not be directly impacted by the highly contagious coronavirus during this flu season. In our tax and accounting office, we have taken serious precautions to fight the spread of this disease, and we wanted to let you know your health and safety is of paramount importance to us.
Optional Virtual Services
For people who prefer to restrict their social activity, we understand and are ready to serve you virtually through our cloud tools. Our team is fully equipped to handle your entire tax and accounting services, from start to finish, through a series of online virtual tools.
We can handle your initial inquiries via phone and email. We have easy-to-use video-conferencing software for those of you that want to see us face-to-face via our webcams. You can upload your documents securely and safely to our client portal and secure email tools. We can deliver your tax return in the same way, where you download it from the client portal or access it via secure, encrypted email.
All of these software applications are easy to use, and we can help you learn them.
Please note that if a quarantine goes into effect in our area, this virtual service option will definitely come in handy for all of us.
Visiting Our Office
For people who still want to come into the office, we can accommodate that too. We practice elbow-bumping instead of handshaking, and we have plenty of hand sanitizer to go around.
We do ask that if you are symptomatic with any flu symptoms, please re-schedule your appointment with us or let us help you virtually. Our goal is to not only protect our clients, but also to keep our employees safe, who are currently working round-the-clock to meet tight deadlines and to serve you.
Our Staff Safety
This busy season, more of our staff will be working remotely in their own homes. This will be done to protect our staff, their families, and our business.
Deadlines and Extensions
So far, the IRS has not extended any tax-related deadlines. Until they do, it will be business as usual.
We are working as hard as we can to get your return processed and filed for you. Please understand that if our office or community experiences significant disruptions due to this virus, we may be extending more returns than normal this year.
Healthy and Safe
We wish you and your family a healthy and safe spring, and we’re grateful for your continued business. Please reach out any time if you have questions or need help.
BizBoost NewsVolume 9, Issue 20For distribution 3/23/19; publication 3/26/20
Mobile Accounting? It’s Here, Now
That's right: The future is here! Now that it's officially 2020, it may be time to jump on that accounting app bandwagon if you haven't already done so. The exciting news is you can actually do a lot of your accounting tasks from your phone instead of your computer.
Here are just a few examples of accounting things you can do on your phone.
Banking
Are you still trudging to the bank to make your deposits? If so, there is a better way! Simply download your bank’s mobile app, login, and look for the Make Deposit function. Get the check you want to deposit, write “For Electronic Deposit Only” on the back and endorse it. On your phone, enter the amount, then take a picture of the check. Presto! Hit Deposit and the money will be in your account in no time.
Receipts
Shoeboxes of receipts are a thing of the past. (Thank goodness, we say, as we wipe our forehead!) Send your receipts to your accountant simply by taking a picture of them and sending them via email or through a document entry system like Receipt Bank or AutoEntry. You’ll need to set this up to connect with your accounting system, but once it’s set up, it’s a real time-saver.
Accounting
Wondering how much income you made last month? Download your accounting app on your phone and login to get many of the features that you have on your computer onto your phone. You’ll need to be on a cloud system like QuickBooks Online or Xero, or possibly have a hosted desktop solution in order to have this functionality.
Payroll
There’s no need to be tied to your desk on payroll day if you can submit or approve payroll from your phone. Many payroll systems have apps you can download so you can be free of your computer.
Add-ons
There’s a mobile app for almost any add-on you might need, such as TSheets for time tracking or Square for taking payments.
Artificial Intelligence
There are even some apps where you can talk in plain English and get a plain English answer back. These apps are using artificial intelligence which is exploding in the accounting space. You can ask questions about your cash flow or check a metric that you like to follow.
Feel free to reach out to us if you’d like to find out more or get help moving some of your accounting functions to your mobile phone.
If you find yourself on the go more often than not, having constant access to your business accounts and these features will be beneficial.
Our latest blog: Mobile Accounting? It’s Here, Now __ Subscribe here: [link]
: [link] You can actually do a lot of your accounting from your phone instead of your computer! Find examples here!
Business Tip: [link]
No need to be tied to your desk on payroll day! You can submit or approve payroll from your phone.
[link] You can send your receipts to your accountant simply by taking a picture of them and sending them via email. It doesn't get easier than that!
[link] There’s a mobile app for almost any add-on you might need, such as TSheets for time tracking or Square for taking payments.
Find out more here: [link]
Download your accounting app on your phone and login to get many of the features that you have on your computer onto your phone, too!
: [link] Skip the bank! Use your phone to make your next deposit. Find out more here!
Mobile Accounting? It’s Here, Now__ Sign up for our newsletter: [link]
BizBoost NewsVolume 9, Issue 19For distribution 3/9/19; publication 3/12/20
Six Tips to Grow Your Business in 2020
Looking for fresh, effective ways to grow your business in 2020? You've come to the right place. In today's market, it can be difficult to stand out from the crowd, gain new customers or clients, and increase your company's revenue. Note: We said difficult, not impossible! Below, you'll find six fun, easy tips to help you achieve your goals and make your business bigger and better as it enters the new decade.
1. Freshen Up Your Marketing
Have you ever given your house a new coat of paint? Well, consider giving your business one, too! Not literally, of course, but by freshening up your marketing techniques, clients and prospects will see you in a new light. For example, maybe it's time for a new logo, more customer reviews to place on your site, or a new angle on your social media posts. Finally, give that old, tired website a facelift: add some new photos, offer a colorful promotion, or add new team members. Change is good and helps keep people (and Google search algorithms) interested.
2. Enhance Your Product or Services
Nothing piques an individual's interest like a new product! If you can, try to add a new product to your existing line. Or, if it makes more sense, simply add features to products you already offer. You have room to be creative here. Think about what your clients really want and try to give it to them.
3. Meet with a Financial Advisor
Do you have a financial advisor? Now is the time to meet with him or her and discuss your future goals. Specifically, ask about new opportunities (i.e. investments) to grow your company's revenue. Now—the start of a new year—is the perfect time to invest in new assets, get funding for new projects or ideas, and cut any unnecessary costs. You are in control of your company's finances, so make sure money is going where you want it and need it to go. (And if we can help, let us know!)
4. Update Your Organization Chart
Could you benefit from hiring a new employee or two? Maybe your company could prosper with the creation of a new position? It's time to update your organization chart and see what your business needs to grow for 2020. You may discover that you need additional staff and/or a position to help things run more smoothly and effectively.
5. Excite Your Team
Don't forget to take care of your own! Remember, without your employees, where would your business be? Could you make it by yourself, without any help from staff? Therefore, remind your workers that you care for them and that they're appreciated. The gesture can be as big or small as you want. For example, you could add an employee perk or benefit. Or, consider doing something small yet meaningful, like a team dinner or bonding event—anything to help show your employees that they're more than just staff.
6. Strategy, Strategy, Strategy
We've saved the best and most important tip for last: strategy. Remind yourself why you got into this business in the first place, as well as what your goals are and what you want to accomplish. Then, take a look at your current strategy. Will your strategy help you achieve those goals? If so, then great; you're on the right track! But if not, then it may be time to rework that business strategy.
Think about what you need to do or change to reach those goals, and then work on incorporating them into your business plan. It could be you just need a minor tweak or two, or maybe your company requires a larger kind of shift. Either way, only you can determine whether or not your strategy is working.
It's a new year—a new decade—and change is good! Let 2020 be the year that your business really takes off and grows. Now is the best time to accomplish all of your goals, and whether you use the list above or have ideas of your own to increase revenue, remember that only you can make a successful change happen.
Our latest blog: Six Tips to Grow Your Business in 2020
__ Subscribe here: [link]
: [link] Want to grow your business in 2020? These tips can help!
Business Tip: [link] Have you ever given your house a new coat of pain? Well, consider giving your business one, too! Find out more here!
[link] It's a new year—a new decade—and change is good! Discover some new ways to change and grow your business.
[link] Nothing piques an individual's interest like a new product! Find out how creating a new product could help grown your business.
Find out more here: [link] Don't forget to remind your workers that you care for them and that they're appreciated!
: [link] Now—the start of a new year—is the perfect time to invest in new assets! Are you ready?
Six Tips to Grow Your Business in 2020__ Sign up for our newsletter: [link]
BizBoost NewsVolume 9, Issue 18For distribution 2/24/19; publication 2/27/20The Psychology of Money
The topic of money affects our emotions, beliefs, and behaviors in a very personal and individual way. Whether we have enough, need more, or are indifferent can impact our overall financial status. The most important thing to know about this topic is to be self-aware of your own feelings and actions and how they impact your wealth.
How do you feel about money in general? Does your brain repeat common beliefs like “Money doesn’t buy happiness” or “All rich people are selfish?” Does money scare you? Excite you? Do you feel like you don’t deserve to have money? Or do you feel entitled to having money? Is your ego wrapped up in how much money you make?
There is no right or wrong answer to any of these questions, but what your inner thoughts are telling you about money can impact on a subconscious level your ability to earn more or keep what you have.
How do you feel about how much money you have? Do you feel blessed? Or do you feel like you never have enough?
What are your current behaviors towards money? Are you a spender or a saver? Your behavior may be driven by your beliefs and emotions. If you’re not happy with your behavior toward money, there’s an opportunity for you to change the relationship you have with money.
Once you can bring your beliefs and behaviors into your awareness, ask yourself if they are serving you well or hindering you? You may want to find some sort of happy medium that fits your needs. Everyone has different circumstances, but if you can change your beliefs and then your behavior towards money, then you might see a change in your ability to meet your financial goals.
The ultimate goal is to be content with the relationship you have with money. Everyone is different, and that’s OK. You have to be you! But if you’re not happy with the relationship you have with money, there is opportunity for you to do some work in that area. And if we can help, please feel free to reach out.
Our latest blog: The Psychology of Money. Subscribe here: [link]
: [link] What are your current behaviors towards money? They could be affecting your financial status.
Business Tip: [link] Are you a spender or a saver? What’s your relationship with money?
[link] Does money scare you? Excite you? Find out more in our latest blog.
[link] Sometimes easier said than done, but don't give money the power to excite, scare, or anger you.
Find out more here: [link] If your financial status isn't currently where you want it to be, consider ways to change it. Click here!
: [link] How does money play on your emotions? Being emotional about money could affect your financial status.
The Psychology of Money. Sign up for our newsletter: [link]
BizBoost NewsVolume 9, Issue 17For distribution 2/10/19; publication 2/13/20Accounting Tasks at Year-End
You might wonder why there are so many extra tasks at year-end. While the government requires much of the work, there is clean-up work and adjustments that need to be done to make the books accurate. It’s not always cost-effective to perform all of these updates monthly, so you’re actually saving money by doing some of them at year-end.
Here are just some of the items that are performed at year-end.
Tax-related:
- If you have payroll, employees need to be sent their W-2s, and the federal and state government need a copy of the W- 2s with a W-3 transmittal. - For employees, you must also have an up-to-date W-4 signed by them. - For employers, your federal unemployment 940 return is due. - If you have contractors, they need to be sent their 1099s, and the IRS needs the 1099s and the 1096 transmittal. - For contractors, you must also have an up-to-date W-9 form from them. You may also need to request an insurance certificate, or you may get a surprise at your workers compensation audit. - For vendors that claim exemption from sales tax, you’ll need to be sure you have an exemption certificate in your files from them. - If you pay sales tax annually, your return and payment are due. - Your personal federal, state, and local income tax and returns are due in the spring, and they can be extended until later in the year. - Depending on the type of entity your business is organized as, you may have franchise, federal and state tax returns to file. This deadline comes up sooner than the individual tax return due date.
Books-related:
- Just about every asset on your balance sheet needs to be verified in some way or other:
- Liabilities and equity need to be adjusted too:
- Corrections and adjustments need to be made:
- A clean set of reports can now be run and used.
Documents-related:
- This is a good time to file and store your receipts in case you are ever asked for them. For long-term storage, thermal receipts should be copied or scanned in before the ink fades.
If you’re wondering why we’re so busy this time of year, it’s all of the extra work we have to do over and above the normal monthly load. If you have questions about any of this, just ask anytime!
Our latest blog: Accounting Tasks at Year-End. Subscribe here: [link]
Wondering why there are so many extra tasks at year-end? Find out what these tasks are and how they can save you money: [link]
Business Tip: If you have payroll, employees need to be sent their W-2s, and the federal and state government need a copy of the W-2s with a W-3 transmittal [link]
[link] If you pay sales tax annually, your return and payment are due at year-end.
[link] For employers, your federal unemployment 940 return is due at year-end.
For long-term storage, thermal receipts should be copied or scanned in before the ink fades. Find out more here: [link]
If the client is a cash-basis taxpayer, a reversing journal entry needs to be made to get the correct tax numbers: [link]
Accounting Tasks at Year-End: Sign up for our newsletter: [link]
BizBoost NewsVolume 9, Issue 16For distribution 1/27/19; publication 1/30/20Add Functionality to Your Accounting System with Apps
Did you know that you can add apps to help increase the functionality of your core accounting system? The process will save you time and frustration. It is because every business is different that you may—and likely will—need these add-on features that aren't already included in the accounting system you currently use. That's where the apps come in: They provide a deeper functionality in the areas you need them. Take a look below at some examples we've put together.
1. Payroll
Payroll apps help to simplify how you pay your employees. These payroll apps were created to help you implement an easy and automated method of managing payroll and all things HR-related.
Popular payroll options include Intuit’s many options, Gusto, ADP, OnPay, and Patriot. Explore the different features of each app and find which one works best for you and your needs.
2. Time Tracking
The best and most accurate way to keep track of an employee's time is with an app. A wide range of apps can make not only tracking but scheduling your employees' time simple, too. These apps include:
Again, each app will offer different features. For example, most have timers, but only one might offer geofencing, so find the one that’s best for your business. Regardless of which one you choose to use, though, you will quickly discover how much time and energy you save without having to do time tracking manually.
3. Inventory
Need more functionality to better manage your inventory? If you run an ecommerce, retail, or wholesale operation, you may need an inventory app to give you more features. Back order functions, drop ship handling, and recall functionality may be required depending on what you sell. Here are some popular apps for inventory:
There are also many ecommerce apps in this space: WooCommerce and Shopify, to name a few.
4. Cash Flow
Dozens of apps exist to help you manage your cash flow as well as get funded:
Managing your cash and debt are important areas and ones that are easy to find to help you get quicker answers to your questions.
Now that it's 2020, try working smarter, not harder. Add-on features can help! Remember, the examples listed above are just a few apps currently available. Determine what you need for your company to make better decisions, and then look around for the perfect app.
And, if we can help you implement your ideas faster, feel free to reach out to us anytime.
Our latest blog: Add Functionality to Your Accounting System with Apps__ Subscribe here: [link]
Looking for ways to add functionality to your accounting system? Click here!: [link]
Business Tip: Are you currently using a payroll app? Save time and hassle with these options! [link]
[link] Work smarter, not harder! These add-on apps can help!
[link] Cash flow issues? Get answers with these apps.
Find out more here: [link] Chances are, you could benefit from one of these add-on features not included in your current accounting system.
: [link] Keep track of your employees' time with these simple, user-friendly apps!
Add Functionality to Your Accounting System with Apps__ Sign up for our newsletter: [link]
BizBoost NewsVolume 9, Issue 15For distribution 1/13/19; publication 1/16/20Three Essential Business Roles for Success and Balance
In his book, The Rebel Rules: Daring to Be Yourself in Business, author Chip Conley describes what investors look for in a management team when considering providing startup money to new businesses. He says your management team should consist of a “brain trust that includes a passionate visionary, a ‘get-your-hands-dirty’ operator, and a responsible, finance-minded executive.”
Even if you’re never going to seek venture capital money to fund your business, this tidbit of advice makes a great strategy question to consider for your business, especially if you are an entrepreneur. Do you have these three roles in your company?
Passionate Visionary
The passionate visionary is a creative idea person. She has the technical knowledge that supports the service or product that will be created and offered. She sees the market need and just how to sell and position the product so that clients or consumers will want the offering.
The visionary often has more ideas than budget. The finance role can evaluate the profitability of the visionary’s ideas and prioritize the projects. The operator can execute the visionary’s ideas.
The visionary provides strategic direction for the company and keeps the market offerings fresh.
If your business is missing a visionary, you might also struggle to keep your practice full as often (but not always); the sales function could fall to the visionary. You might also find yourself getting stagnant with your service offerings and falling behind the marketplace.
The fix for a missing visionary is to develop a sales and marketing team and/or a research and development team that can serve these functions.
“Roll-up-your-sleeves” Operator
The operator is an action person who can execute. She gets things done. She can find and hire the right team. She is a systems builder who can develop the systems, job descriptions, procedures, and processes that makes the company unique.
The operator takes the visionary’s ideas and makes them happen. She needs the visionary’s ideas because she would rather take someone else’s ideas and work with them than create her own. She also needs the support of the finance executive to stay on budget and to focus on one project at a time or avoid hiring too many people.
A business without a good operator never gets the product to market and may also constantly be short of team members.
Responsible, Finance-minded Executive
The finance expert helps to make the dollars work for the company. She can tell us how much we need to sell and how much we can spend. She can also provide capital sources for the company via investors or loans.
The finance executive loves numbers and can help to make sure the company’s operations are profitable. She’ll work closely with the operator to make sure that the right number of people are hired at the right salary levels. She’ll work with the visionary to plan and budget for new sources of revenue and new product lines.
Without a finance executive, a company often spends more than they bring in and may not have a viable profit plan. They may also run out of cash which can cause problems with creditors and investors.
This is the role we can not only help you fill, but also help you build your financial literacy to the level that you need for the stage your company is in now and for the future.
Your Business Success Trinity
As you were reading, which role are you? Which role jumped out at you that might need shoring up in your business? You might be strong in one area and need to outsource another while keeping a strategic eye on things overall.
Take a look at each of these roles and objectively assess your business. How are all three roles being served in your company? Which ones need more development in order for your business to grow?
Getting clear on your company’s roles can very well take you to the next level of success.
Which trends impact your business the most? Which ones speak to you? Feel free to reach out to discuss any of these ideas with us.
Our latest blog: Three Essential Business Roles for Success and Balance __ Subscribe here: [link]
Familiar with the three essential business roles for success and balance? Learn them here!: [link]
Business Tip: [link] Want to be successful? Be a “get-your-hands-dirty” operator. This operator is an action person who can execute. She gets things done.
[link] Feel like you’re missing a visionary? The fix for a missing visionary is to develop a sales and marketing team and/or a research and development team that can assist you.
[link] Does your company have a finance executive? Without a finance executive, a company often spends more than they bring in and may not have a viable profit plan.
Find out more here: [link] What are you company’s roles? Getting clear on your company’s roles can very well take you to the next level of success.
A business without a good operator never gets the product to market and may also constantly be short of team members. Does your business have a good operator? [link]
Three Essential Business Roles for Success and Balance__ Sign up for our newsletter: [link]
BizBoost NewsVolume 9, Issue 14For distribution 12/30/19; publication 1/2/2010 Hot Business Trends for 2020
As we welcome in a new year (and maybe a new decade depending on how you count them), it’s a perfect time to reflect on the trends that will impact us and our businesses. Here’s a list for your consideration and reflection.
Trend #1: Sustainability
Concern for the environment has made the list of many companies’ core values. The way businesses are run can have a huge impact on the environment. While we hear a lot of stories about large companies impacting sustainability, we can also do our part as small businesses. In the accounting profession, many firms have gone paperless, transitioning from staplers, paper clips, and filing cabinets to digital storage which greatly reduces their footprint.
Trend #2: The Gig Economy
Young workers often have multiple jobs instead of the 9 to 5 jobs of their parents. This means there is more flexibility than ever before when it comes to hiring and retaining young workers. They can be employees, contractors, outsourced solutions, remote, local, part-time, full time, temporary, or permanent. Sub-trends in this area include more virtual workers and many more opportunities for veterans.
Trend #3: AI – Artificial Intelligence
This trend is impacting the accounting profession in a big way via smart data entry, smart document fetching, and even smart bookkeeping. Marketing has also been impacted in a big way through online ads, customer service solutions, and marketing technology. In email, Google is finishing our sentences for us, and chat and other technologies are having fairly effective conversations via bots.
Trend #4: Stories
Storytelling is huge everywhere. People want to know:
Digital communication has moved from text to graphics to video as bandwidth improves. Video makes stories even easier to share. Smart companies will leverage both stories and video going forward to get their message out.
Trend #5: Diversity Expanded
The conversation is no longer about race, gender, and even sexual preference. It’s now about authenticity and being the same person at work and at home. No one is “normal.” But it takes courage to reveal our differences, especially if they are outside the “standard.” Your courage is more likely to be honored in 2020 than it has in prior years.
Trend #6: A WOW Customer Experience
We’ve moved way past the time of “infotainment,” yet the concept is parallel. As businesses, the challenge is how we can deliver an entertaining, positive, and memorable experience while producing the outcomes the client desires.
Trends #7: Drones
So far, drones have made appearances in photography, special effects at conferences, as toys, in movies, and of course, in war. I see them in use for safety reasons, going where people shouldn’t or can’t. They will become more pervasive in 2020 and there will be more rules, protocols, and court cases on their use.
Trend #8: User Interface
The move from desktop to mobile is nearly complete, with only the laggard portion of the population remaining. The move to voice is still a work in progress, and it will steadily continue to gain traction in 2020.
Trend #9: Actionable Analytics
Capturing information digitally gives businesses a huge amount of data to utilize but small businesses have barely scratched the surface of this profitable information. It’s time they started catching up, and that’s something our firm can help you with.
Trend #10: Pace of Transformation
New business models in companies like Tesla, Uber, Google, and Facebook will continue to show up at a rapid rate. The business that’s most nimble will be the one that changes the game or at least stays in it without folding.
Our latest blog: 10 Hot Business Trends for 2020. Subscribe here: [link]
As we welcome in a new year, it’s a perfect time to reflect on the trends that will impact us and our businesses.: [link]
Business Tip: Smart companies will leverage both stories and video going forward to get their message out. [link]
Artificial Intelligence is impacting the accounting profession in a big way via smart data entry, smart document fetching, and even smart bookkeeping. [link]
These 10 trends are changing businesses. Find out more [link]
Concern for the environment has made the list of many companies’ core values. Find out more here: [link]
As businesses, the challenge is how we can deliver a positive and memorable experience while producing the outcomes the client desires. [link]
10 Hot Business Trends for 2020. Sign up for our newsletter: [link]
BizBoost News Volume 9, Issue 13 For distribution 12/16/19; publication 12/19/19 Cool Tech Tools: Fathom
If your eyes glaze over when you’re presented with financial statements for your business, you’re not alone. Many entrepreneurs benefit greatly when they can see their financial results in graphical and chart formats. Fathom is the perfect tool to help your numbers come alive so they can become meaningful for you.
Fathom is a company based in Brisbane, Queensland, Australia and founded in 2011. The product is also named Fathom and is a cloud-based software application that crunches accounting data and provides multiple views that make analysis easy. In accounting terms, we call this type of software by many names: Financial Dashboard; KPI software, where KPI stands for key performance indicators which are metrics that help you measure your business results; and Business Intelligence (BI) software.
Fathom can present your accounting data in multiple insightful views:
You can also generate predefined or custom reports in Fathom. The reports can be scheduled as well as exported to Excel.
Fathom does require a setup process. It integrates with QuickBooks Online, QuickBooks Desktop, Xero, and MYOB (which is popular in Australia). It’s included in the Advanced version of QuickBooks Online. The steps to set up Fathom include:
There’s a lot to like about Fathom. If you feel like you’d like to start digging deeper into your business’s financial results to find opportunities for more growth and profit, then please contact us anytime.
Our latest blog: Cool Tech Tools: Fathom. Subscribe here: [link]
Fathom can present your accounting data in multiple insightful views: [link]
Business Tip: Many entrepreneurs benefit greatly when they can see their financial results in graphical and chart formats. [link]
There’s a lot to like about Fathom because it can help you measure your business results. [link]
Would you like to dive deeper in your business’s financial results to find opportunities for more growth and profit? [link]
Fathom is the perfect tool to help your numbers come alive so they can become meaningful for you. Find out more here: [link]
Fathom is a cloud-based software application that crunches accounting data and provides multiple views that make analysis easy. [link]
Cool Tech Tools: Fathom. Sign up for our newsletter: [link]
