March 21, 2012

Setting up merchant services with your bank in order to accept credit card payment can be complicated, with lots of hidden fees. It’s no longer a big deal when it comes to accepting a credit card payment directly on your mobile devices; you have more options these days. Three of those options, Square, Intuit GoPayment, and PayPal Here, will send you a small credit card reader or scanner when you sign up for a new account. Each reader simply plugs into your mobile device’s audio jack. 

While Square and Intuit GoPayment have been widely recognized and established for some times, the PayPal Here is just emerged last week. PayPal Here comes from a well-enough known name that it could be a serious competitor for the two current mobile credit card readers. 

Each service offers free apps for iOS (iPhone, iPod Touch, and iPad) as well as for Android. Intuit’s GoPayment also supports some BlackBerry phones. Since the scanner plug into the headphone port, they are compatible with almost any phone that can run the app. Read more "Mobile Credit Card Processing in Your Pocket"

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Why Do You Need To Computerize Accounting Process?

Over the centuries the traditional way to keep accounts was to use calculators and pen and a set of paper books, which worked fine for the businesses at that time. You may still keep the manual recording for your small business accounting.

But with today's changing world and computerization are widely used, there seems no need to have to take the manual way. The computer system should be able to perform these basic tasks in a flash and keep you up to date. At this time you are wondering whether you are going to computerize the process, especially if you’ve clearly outgrown your paper bookkeeping system. 

How can accounting software help you and what is the benefit of the computerization? Accounting software makes maintaining business accounting easy by computerizing the accounting system and providing simple interface between you and the accounting system.  

There are lots of benefits in computerizing your accounting system if you have a small business. Automation reduces time of lengthy manual processing, eliminates human involvement in some stages of accounting process, reduces errors caused by human intervention or multiple manual processing, provides continuously up-to-date reports, and so on. They mean you're sure to increase efficiency and accuracy that eventually lead to saving time and money.  After cutting cut your accountancy fees and time, what’s more? The computerizing frees up time and energy that otherwise would be spent in manual handling. Now you can make use extra time and energy to concentrate on managing and growing your business. Read more "Why Do You Need To Computerize Accounting Process?"

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How to Set Up QuickBooks 

QuickBooks is powerful, user friendly accounting software for the small and medium size business. It provides accounting, invoicing, inventory and payroll functionality that will allow you to set up your business with little to no hassle. 

Before using QuickBooks, you have to install the software into your computer and set up a new QuickBooks data file. The following steps will guide you through the setup process after the QuickBooks have been installed.

• Run QuickBooks program and select the "Interview" mode if you walk the system to walk you through the set up process. Or, set up the company manually.
• Enter your company information. Enter relevant information about your company, as prompted by the interview mode. Make sure to enter the correct fiscal year end, as all reports are driven off of that information. Find your tax identification number and enter it. Continue by clicking "Next".
• Set up a security password. This is definitely a good idea if there are other people with access to your computer. You can always change your password or grant access to others later on. For example, if you have an employee that comes in once a week to do payroll, you can grant him or her security access to the payroll function. Click "Next". Read more "How to Set Up QuickBooks"

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Personal Cloud Computing: Use & Misuse for Financial Files

Personal cloud computing means having every piece of data you need at your fingertips and ready for use. The key to enabling the portable and interactive you is the ability to sync up your data among your devices, as well as access to shared data. Shared data is the data we access online in any number of places.

The cloud computing enables your PC and all of your mobile devices being in sync all the time and all of your personal data being able to access at any given moment. With cloud computing you have ability to organize and mine data from any online source and to share that data with your friends, family, coworkers, or clients in an instant. 

One very simple, good use of cloud based services is as an off-site backup for important financial or accounting files. The backup file is in-sync with all connected devices and a shared backup file can be accessed by your coworkers, financial analyst, or accountant. More "Personal Cloud Computing: Use & Misuse"