Author: Sonia Mucnhins

What Is The Best Accounting Software For Small Companies?

Every small business has to deal with accounting. Entrepreneurs detest the number crunching and recording keeping duties. Nobody enjoys it, but it is not one of those things you can skip. Because even a small mistake in accounting could end up costing thousands of dollars later.

So when you choose an accounting software, take a minute to research the different options available before you make a purchase. In this article, we will outline some of the best accounting packages designed for small businesses and companies.

Why use an accounting software?

Because spending a lot of time and labour over bulky ledger books ends up costing more money in the long run. Using a good accounting software will cut down on the time you need to pay an accountant. But things run much faster and efficiently when using an accounting software.

What should you look for when buying new accounting software?

One of the key things to look for in a new tool is the ease of use. If it is too hard to use, it will create more problems and will take away too much time from your actual business.

Ease of integration and security are the two other important features to consider. And the most important factor is, of course, the price of the software. No matter how good the software is, if it is too expensive, it is useless for small businesses.

Based on these criteria, here are our top recommendations.

  1. Freshbooks

Freshbooks allows you to create recurring invoices, subscriptions, and it works with Paypal and Google checkouts. It can be integrated with several business applications to eliminate rework and additional software. It recently received an award for its pricing and out of the box utility.

With a bottom of the pile pricing model that starts at $15/month, this is an easy choice.

  1. Sage 50cloud

Sage 50cloud is another software that can help small businesses keep their accounting up to the required standards and meet the tax and reporting requirements. It has all the most required features like inventory management, taxes, budgeting, invoicing, etc. You can also get other add-ons like payroll processing, credit card processing, POS, etc on top of the basic features.

The pricing starts at $44/month.

  1. FreeAgent

FreeAgent is a top notch, cloud-hosted software as a service application that makes accounting easy to manage for small companies. As of 2018, about 60,000 small businesses depend on FreeAgent for their accounting requirements. FreeAgent can handle taxes, invoicing, estimates, payroll, bank transactions, etc. It also has a robust time tracking setup along with financial performance reporting tools. Integrating FreeAgent with third-party apps and the bank accounts is easy, and it provides a seamless user experience.

It starts at $10/month for the first six months and then $20/month. FreeAgent is one of the best accounting software for small business in functionality as well as pricing.

Test a few different application before you make a choice.

How Much Is A CRM System?

How to choose the best CRM Software?

Customer Relationship Management (CRM) software became popular because it helps businesses to continue the relationship with their customers after the first contact.

The new generation CRM tools have leapfrogged the original ideas and have become a much bigger proposition that helps business manage their clientele in a more personalised way.

In this article, we will try to explain the most important features of a CRM and how to choose a good CRM for your business.

CRM is a software that allows a business to find the right prospects and send them through the sales funnel/pipeline. It helps you keep track of their purchases, provide insight into potential upsells, promote other products that customers may need, etc.

In the era of E-commerce, a CRM software is a like a trusted salesman who knows a family so well that he sells them exactly what they need.

A good CRM eliminates the need for a bunch of applications and makes your business seamlessly connect with other applications.

Most CRM software are available on a subscription basis. The number of employees who use the tools and the type of features you need typically determines the price of your subscription. Some CRM starts from $10/month while others go up to several thousand a month.

The good news is that most of these tools come with some form of free trial. So you can test them before you commit. There are also some CRM applications which are free with limited features and they work great if you do not have a budget for a CRM tool.

Here are the important features that every good CRM should include.

Lead Management: A Good CRM can scour the social media, website visitors, enquiries and automatically create new potential leads. It can start them on an email/text/call list and send them through a sales pipeline. It can also save quotes and track invoice status.

Marketing: It should have easy integration with your current marketing channel and also provide built-in templates for emails, SMS messaging facility and some level of project management tools like a dashboard to forecast sales, etc.

E-commerce: The higher end CRMs have a built-in E-commerce platform or provide integration support for a majority of sales platforms via an API call. A standalone CRM is useless even if it is free. A good CRM should make it super easy to integrate it with your existing system.

Project Management: At the very least, CRM software should have some form of dashboard and reporting facility. It should also allow for the creation of workflows, restrict approvals, etc. If it doesn’t have such facility, the CRM should have integration capability to connect with an external tool that provides the functionality.

Ease of use: While this is not a feature, a good CRM should be easy to use. Your staff should be able to use it with minimal training. It should also be flexible enough to make changes without calling tech support for every small modification.

How Does Web Hosting Work?

About 20 years ago, owning a dot-com was as prestigious as owning a company. Admittedly, it was because of the dot-com bubble and a lack of understanding of how the Internet works. Many people still do not understand how the internet works. But the world and the internet has matured and things are a lot easier now than ever before.

Today, there are many services that allow you to run a website without having to understand anything about coding or how the whole internet works in the background. You can set up a website on your own or hire someone to do it.

In this article, we will try to explain how websites and hosting works.

Let’s start with the domain name. A domain name is like an identity that differentiates your website from a million others. You need to buy a domain name of your choice from a registrar. The pricing of a domain depends on the registrar and the extension you choose. It could be anywhere from $1 to several thousand. For this purpose let us go with a simple $7 dot com extension.

Once you have a domain name, you need to set up a Domain Name Service (DNS) for it. Imagine DNS as a phone book of the internet. A browser translates your domain name into IP addresses that will tell them where to go and fetch the information.

Now that you have registered a domain name, got its address, you will need a place to store your files. This is where hosting comes in. Consider a hosting company to be like a landlord who rents you a home in an apartment complex. Once you pay him money, he gives you a house where you can keep all your belongings. The domain registering company will help link your domain name to IP address and then you can point that IP address to your new house.

Whenever someone types your domain name in a browser, the browser will translate it into the IP address, the DNS service will act like a postman and tell it where your files are located. The browser then fetches the files and presents it to your visitors.

The speed at which the whole operation takes place depends on how fast your hosting provider’s server works.

If the lift in your building is fast, you can get to the top floor faster. In the same manner, if your server is set up well and has a fast processor and an SSD hard disk, it can retrieve your information quickly.

The price of hosting typically depends on the storage capacity, speed, the exclusivity and the reliability of the service. You can choose either a shared disk space or get a dedicated server. Based on the number of visitors and the bandwidth requirements, the cost of hosting can start from free and go up to hundreds or thousands of dollars.

A good hosting service can maintain a reliable uptime of up to 99.99%, ensure your website is always on.