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in Financial Services - 08 Jun, 2017
by Patrick Cook - no comments

It is not easy to do business alone without taking anybody’s help. You cannot do everything in your company. So, it’s better to do outsourcing. By giving some work assignments to other companies, you can make your work load less.
 
Keep these tips in mind Separate tax filing and bookkeeping
– It is recommended to do the separation of tax filing and bookkeeping. The independent service givers will inform the company’s boss that whether there are any errors in the work of the other service providers or not. A Small Business Accounting Strathfield tax agent will review the company’s bookkeeping every year while reporting tax liability.

You must hire bookkeepers and services offering accounting for small business to review the books each month or at least once in every week. This is done to save money and time at the year’s end. For more info on accounting for small business, check this out!

Track expenses – As a business owner, you ought to ask your employees to give a report of the expenses. This will make you understand that how much profit you are making from your business and how much money is spent on loses. This will help you in the audit. Even, the employees will get a chance to enjoy a faster reimbursement.

Look after issuing payment – To make the accounting procedures less hectic, you have to divide the responsibilities needed for issuing the payments. You must assign the work of check request to a person, but not with check signing authority. The work of printing checks should be assigned to another individual. And the final signer of all the payments must be given to a separate person. An internal person must request the checks and the external person must write the checks. At last, the business owner ought to approve as well as sign the checks. In this way, the business owner can save more time, the risk of making errors in the checks will be reduced and the cash flow will happen smoothly.

Use Proper Time Sheets – Time sheet software is very important for the busy business clients for streamlining the payroll procedure. The time sheet software industry is really competitive in the present times. So, it is better to compile a complete list of ‘essential things’ when you are navigating this space just to avoid the distraction by whistles and bells. There is software which allows employees to enter, keep a track of the hours from their cell phones. Such steps will not create difficulties in the payroll procedures. 

Use Laptops – Instead of keeping all essential things in numerous files, you can keep the vital info of customers, financial undertakings in laptops too. Hire employees who are tech savvy to do this job. 
 
 
 

in Financial Services - 06 Jun, 2017
by Patrick Cook - no comments

Holidays are meant to be time spent leisurely without having to stress and worry over details. For the working members in the family it is a time away from the stressful and demanding environment of the office and workplace. For the stay at home moms and dads it is all about letting go of the kids and the reign that you need to have on them temporarily. Not needing to have an eye out for them or screaming at them throughout the day. And for the kids it’s all about having the time of their lives. So all in all it’s a great time of the year for everyone. Isn’t it?

The true story

Although it can be end up being the best time of the year for everyone if the holiday goes as planned, without any hiccups along the way. There are times when it is not so, and your annual travel insurance Hong Kong comes at risk. And choosing the best possible insurance can be the daunting task ahead of the trip for the most part. Especially if you are planning an expensive vacation, for example you are planning a trip out of the country, then travel insurance becomes of utmost importance. And finding the best one to suit your need can be difficult. Because there are so many insurance companies out there in the market claiming to give you the best insurance plans and rates available.

So in order to choose what’s is the best suited home insurance for you, you need to analyses your needs first. What is that you are expecting from you insurance company with regard to your travel plans. For the most part a good travel insurance should give you the peace of mind ahead of the trip, that in case something does go wrong and you don’t actually end up going on the trip, then the insurance company will reimburse the money that you have spent so far on the trip. But what more are you looking for. The extra perks.

Are you looking to protect your investment in nonrefundable air fare, hotel sots and cruise costs, or are you looking to be provided with travel medical protection. Because the policy that you want to take on depend on what you are expecting from the insurance cover. If you are only looking to have travel protection then you have to take on a trip cancellation only policy which will definitely cost you less than going for the rest of the available options as well.

So think long and hard about it and make an informed decision when considering insurance policies.