It is common to constantly be on the lookout for ways to improve your resume. Here are some rules to follow to ensure your resume makes a lasting impression.

1. Using reverse chronological formatting, as opposed to functional formatting, is most preferred by recruiters and hiring managers. This format allows for an easy understanding of your professional timeline.
2. It is always useful to adequately present your skills and abilities. Still, this alone does nothing to clarify your career pathways, which may make attaining a coveted position more difficult. Prioritizing skills and abilities is recommended for those who have gaps in their employment history as a way to conceal the voids. If you want to improve your resume, try to sell yourself while also making your career path understandable
3. Include numbers, figures, and percentages in your resume where it is necessary. This gives the impression that you are well-researched and detail-oriented, an attractive quality to future employers. However, it is important to make sure that your resume isn’t only filled with numbers. This will make it dull and undigestable, which may irritate the recruiter.
4. Keywords are an essential component of a well-written resume. If you do not know which words to use as keywords for your resume, make a word cloud from the description of the job you have targeted. These keywords will make your resume more visible to recruiters.
5. After choosing your keywords, it is now time to proofread. This is an incredibly important part of the process. Imagine what would happen if your resume is full of errors (vocabulary, grammar, punctuation, or other errors) and was then read by the recruiter or the hiring manager. You wouldn’t stand a chance! He or she would assume that you did not take care to check your resume, or perhaps that you just simply do not know how to write! To avoid all of this, have your resume proofread by someone you trust. This will expand your awareness of more ideas and improvements to make.
6. The next thing to prioritize is your achievements. Sprinkle your accomplishments all over your resume to better sell yourself. The person reading your resume is not at all interested in learning about your different job duties and responsibilities. Instead, highlight what you have accomplished in every one of your previous jobs and positions.
7. As mentioned, refrain from including the words “responsible for” in your resume. Employers can already deduce most of the responsibilities that come with a particular job. They want to know about the outcome of your task performance, not just merely what you were performing. Keep this in mind.
8. It would be best if you kept brevity in mind while crafting your resume—Declutter what you have written by removing unnecessary details. Your resume should be qualitative rather than being full of flowery language. Add each accomplishment and achievement to your resume while keeping them concise.
9. Adding only relevant information is especially important to ensure your resume is easily digestible. It is not necessary to mention every job you have ever done in your life. Many of your previous jobs may not be relevant to the one you are looking for now, even though they were a part of your journey. Keep your resume relevant and relatable, as it should serve as a promotional document.
10. Do not feel that you must keep your resume objective. Try to begin your writing first with the summary, as this is a successful and modern approach to creating a professional resume.
11. While writing your resume, you must consider exactly what it is your audience wants from you. Your resume should contain everything wanted and needed by the organization you plan to join. It would be best if you had an idea of some of the problems facing the firm. This way, you can touch upon applicable solutions that you will bring to these concerns.
12. Try to customize your resume according to the requirements of the organization, wherever possible. Prompt employers to acknowledge that you understand their struggles and that you hold the solution. This promotes your strengths and keeps your resume relevant and relatable to what the hiring company is looking for.

About Complete Controller® – America’s Bookkeeping Experts Complete Controller is the Nation’s Leader in virtual bookkeeping, providing service to businesses and households alike. Utilizing Complete Controller’s technology, clients gain access to a cloud-hosted desktop where their entire team and tax accountant may access the QuickBooks™️ file, critical financial documents, and back-office tools in an efficient and secure environment. Complete Controller’s team of certified US-based accounting professionals provide bookkeeping, record storage, performance reporting, and controller services including training, cash-flow management, budgeting and forecasting, process and controls advisement, and bill-pay. With flat-rate service plans, Complete Controller is the most cost-effective expert accounting solution for business, family-office, trusts, and households of any size or complexity.

By: Jennifer Brazer

Jennifer is the author of From Cubicle to Cloud and Founder/CEO of Complete Controller, a pioneering financial services firm, that helps entrepreneurs break free of traditional constraints and scale their businesses to new heights.

Fact Checked By: Brittany McMillen

5 Ways to Boost Your Savings and Achieve Financial Freedom

Did you know that 34% of Americans live paycheck to paycheck, and only 44% have enough savings to cover a $1,000 emergency? These statistics reflect a reality many of us wrestle with—but here’s the good news: you don’t have to stay stuck. Since founding Complete Controller 15 years ago, I’ve helped thousands of clients turn their financial situations around. Whether your goal is to break free from debt, build an emergency fund, or secure your financial future, boosting your savings is your first step toward financial freedom. Here’s a practical, actionable roadmap to help you take control of your money and maximize your savings starting today.

Understanding Your Financial Landscape

Assess your current financial situation

If there’s one thing my years in financial services have taught me, it’s this: before solving financial issues, you’ve got to know where the problem lies. Think of this like going to the doctor—you can’t fix what you don’t diagnose.

Start by listing your income, fixed expenses (like rent and utilities), variable expenses, and any debts or subscriptions. Be honest and detailed—include every $5 coffee or late-night fast food order.

Steps to get started:

1. Use apps like Mint or create a no-frills spreadsheet to categorize your expenses.
2. Track every dollar for at least 30 days.
3. Compare your income to your monthly outflow to identify patterns.

Take the Jones family as an example. They found that 20% of their monthly spending was tied up in unused memberships, eating out and impulse purchases. By canceling unnecessary subscriptions, meal planning, and being more intentional in their spending, they saved $10,000 in just one year. Want to talk about impactful results? That’s the power of understanding where your money goes. For a deeper dive into financial planning, check out comprehensive financial planning.

Identify areas for improvement

Here’s something I tell every client: saving money doesn’t mean giving up everything you enjoy. Instead, it’s about being intentional. The key is separating essentials from excess. If you realize your paycheck gets swallowed by impulse buys, dining out, or little luxuries, pinpoint what could be trimmed without derailing your happiness.

Automating Your Savings

Set up automatic transfers

When life gets busy, even the best-saver intentions tend to fall by the wayside. That’s why automation is my go-to advice. Think of it as setting your savings on autopilot. Simply redirect a portion of your paycheck into savings before you even see it in your checking account.

How to set it up:

1. Log into your bank account and schedule regular transfers to your savings account.
2. Start small—$25 or $50 per paycheck will add up over time.
3. Gradually increase the amount as you get better at living within your adjusted income.

This simple step eliminates excuses, stops impulsive spending, and guarantees progress. Savings become habitual, not optional. Trust me, you’ll thank yourself when that emergency fund is there to catch you when life throws curveballs.

Use savings apps

Want to make saving even smoother? Technology has your back. Apps like Qapital and Digit analyze your financial habits and squirrel away small amounts of money based on patterns. These tools are your invisible savings assistants.

Why they work:

• You save without noticing the impact on your day-to-day life.
• They help you build strong financial habits effortlessly.
• They give you insight into spending trends.

Every cent counts, and these apps make sure everything is well-spent.

Budgeting and Expense Tracking

Implement the 50/30/20 rule

When it comes to managing your finances, the 50/30/20 rule is a lifesaver. It’s structured enough to guide you without making you feel boxed in. Allocate 50% of your income to necessities (housing, bills, groceries), 30% to wants (dining out, entertainment), and 20% to savings or debt repayment.

The beauty of this method is its flexibility. If saving 20% feels unreachable because of existing debt or obligations, start with 10%. Even small steps move you forward. For more budgeting and saving tools, explore these resources to help simplify the process.

Track your expenses

Most of us swipe our cards without a second thought—out of sight, out of mind, right? But tracking your expenses will shine a spotlight on those sneaky leaks in your budget. Apps like Mint and Personal Capital do the heavy lifting for you by categorizing your spending and identifying areas for improvement.

Want more ideas? Check out these small business bookkeeping tips that translate seamlessly to personal budgeting.

Investing Your Savings

Introduction to investment options

As someone who’s dedicated my career to financial empowerment, I believe one thing firmly: a savings account is a starting point, not your endgame. To truly grow your wealth, you’ll need to invest, but you don’t have to be a Wall Street wizard to do so.

Options to consider:

• Stocks offer high growth potential but come with risks.
• Bonds are safer but yield smaller returns.
• Mutual funds offer diversification and are beginner-friendly.

Start by researching your options and aligning them with your goals. For effective investment portfolio tips, discover ways to balance risk and rewards.

Start small with micro-investing

Investing isn’t reserved for the wealthy anymore. Platforms like Acorns and Robinhood make it easy to invest with spare change. Even rounding up $0.50 at a time adds up quickly. Over time, compound growth can work wonders. Consumer education sites like investor education resources offer supplemental guides to help beginners navigate this effectively.

Avoiding Financial Pitfalls

Avoid impulse purchases

Impulse buying is one of the biggest threats to savings goals. Master the 30-day rule: When you want something but don’t need it, wait 30 days before purchasing it. Often, the impulse fades, saving you money and regret.

Manage debt effectively

Debt can strangle your savings potential. Over the years, I’ve seen countless clients transform their financial trajectories by tackling high-interest debts first while maintaining minimum payments on others. If credit card debt is your Achilles’ heel, you’re not alone. Thirty-six percent of households carry more credit card debt than emergency savings. Check out these tips to manage your credit responsibly.

Conclusion: Take Control of Your Financial Future

The journey to financial freedom starts with a decision—the decision to act today. Whether it’s automating savings, implementing more thoughtful budgeting practices, or dipping your toes into investing, small changes yield tremendous results.

Remember, financial freedom isn’t about perfection. It’s about consistent progress. Start now, no matter where you are, and take the next step toward creating a life of stability, possibility, and growth. Ready to dive in deeper? Learn more from the experts at Complete Controller here.

FAQ

What is the best way to start saving money?

Start by assessing your finances, using tools like the 50/30/20 rule, and regularly automating small amounts into savings.

How can I avoid impulse purchases?

Apply the 30-day rule: wait 30 days before buying non-essential items. Most of the time, the impulse will pass.

What are good investment apps for beginners?

Apps like Acorns and Robinhood are great starting points as they let you begin investing with minimal funds.

What are tools for tracking expenses?

Mint and Personal Capital are excellent for categorizing and analyzing your spending to spotlight savings opportunities.

How does the 50/30/20 rule work?

For a balanced budget, allocate 50% of income to needs, 30% to wants, and 20% to savings or debt repayment.

About Complete Controller® – America’s Bookkeeping Experts Complete Controller is the Nation’s Leader in virtual bookkeeping, providing service to businesses and households alike. Utilizing Complete Controller’s technology, clients gain access to a cloud platform where their QuickBooks™️ file, critical financial documents, and back-office tools are hosted in an efficient SSO environment. Complete Controller’s team of certified US-based accounting professionals provide bookkeeping, record storage, performance reporting, and controller services including training, cash-flow management, budgeting and forecasting, process and controls advisement, and bill-pay. With flat-rate service plans, Complete Controller is the most cost-effective expert accounting solution for business, family-office, trusts, and households of any size or complexity.

Every financially responsible adult is aware of the importance of your credit score. Most credit scores linger around the good to poor range due to unpaid or slow paid debts. Even if you have a decent score when making large purchases such as a car or home, a higher credit score can be the difference between higher interest rates or lower payments. These differences could cost or save you hundreds of dollars. Here are five strategies to boost your credit score.

Find Out When Your Issuer Reports Payment History

For a major boost to your credit, you must know your credit cards’ reporting date. The reason is that your credit can receive a boost if you carry less than 10% of your credit card limit each month. Regardless of your credit limits or minimum payment requirements, you will always want to ensure your balance is under 10% of your credit limit.

The reason you must know the reporting date of the credit holder is that if you get your balance below 10% or even pay the entire balance, but it is after the reporting date, it will do nothing positive for your credit score or may even lower it slightly depending on what percentage of your limit you are holding.

For the best results, pay your bill down just before the reporting date, which can be a monthly boost to your credit score.

Pay Down Debt Strategically

To boost your score, you now know you need to keep your balance below 10% of your credit limit. So if you have more than one credit card, you will want to pay down the balances to get them all below 10% of their limit. For those cards already below this percentage, you can make a minimum required payment.

The other strategy you want to utilize is to pay more towards loans or credit cards with the highest interest. The more quickly you pay these down, the bigger the savings and the better the boost to your credit score.

Pay Twice a Month

While sometimes finances are such that even making one payment on a loan or credit card can be a challenge, if possible, it is suggested you attempt to make two payments. This will boost your credit score and help save you money by paying off interest, gaining debt far more quickly.

Raise Your Credit Limits

If you are a shopaholic, you may be getting excited about this option; however, raising your credit limit is not so you can spend more and get into more debt. In this case, raising your limit and keeping your ratio below 10% will boost your credit score.

Only ask for an increase in credit if you have been on time on all your payments with the creditor as if you ask for an increase and have not paid on time or at all, this raise of your limit request may alarm the creditor and in some cases, they may even lower your credit.

Mix It Up

While having diverse credit is only accounts for 10% of your overall score, having a mix will boost your credit. Having a mix means that you need different types of current credit that you are paying off. Suppose your only credit is revolving credit, such as a credit card or an installment payment on a long-term loan such as a mortgage. You will need to diversify your credit. If you can purchase something on credit, pay it off quickly to give your credit score a quick boost.

Conclusion

Your credit score should always be a financial priority. While you may never need it to make large purchases, your credit score is used to determine interest rates and, in some cases, can be used by phone and utility companies to decide on down payments or additional fees. It can also be a factor a potential employer considers before hiring you. Whatever the reason your credit score may be used, it is important to keep it as high as possible so use these quick boosts to raise your score.

About Complete Controller® – America’s Bookkeeping Experts Complete Controller is the Nation’s Leader in virtual bookkeeping, providing service to businesses and households alike. Utilizing Complete Controller’s technology, clients gain access to a cloud-hosted desktop where their entire team and tax accountant may access the QuickBooks™️ file, critical financial documents, and back-office tools in an efficient and secure environment. Complete Controller’s team of certified US-based accounting professionals provide bookkeeping, record storage, performance reporting, and controller services including training, cash-flow management, budgeting and forecasting, process and controls advisement, and bill-pay. With flat-rate service plans, Complete Controller is the most cost-effective expert accounting solution for business, family-office, trusts, and households of any size or complexity.

Best Accounting Software for Small Business:
The Expert’s Guide to Financial Growth

The best accounting software for small business combines automated invoicing, real-time financial reporting, and seamless payroll integration—with QuickBooks Online, Xero, and Wave consistently ranking as top choices for their intuitive interfaces, scalability features, and proven track records of helping businesses reduce costs while accelerating growth.

Over my 20 years as CEO of Complete Controller, I’ve guided thousands of small businesses through their accounting software transitions, watching them transform from spreadsheet chaos to streamlined operations that save 10+ hours weekly. In this guide, you’ll discover exactly which platforms deliver real results, learn from businesses that increased revenue by 30% after implementation, and get my proven 5-step roadmap for selecting and deploying the perfect accounting solution—plus insider tips on avoiding the costly mistakes that derail 40% of software implementations.

What is the best accounting software for small business—and how do you choose?

• QuickBooks Online, Xero, and Wave are the best accounting software for small business, with selection depending on your growth trajectory, feature requirements, and user experience preferences
• QuickBooks dominates with 62.23% market share and unmatched integrations, Xero excels with unlimited users and superior interface design, Wave provides free core functionality perfect for solopreneurs
• Match your business model to software strengths: inventory-heavy businesses need QuickBooks, collaborative teams thrive on Xero, service providers love FreshBooks
• Banking integrations and automation capabilities determine long-term efficiency gains
• Platform scalability prevents costly software switches as revenue grows

Small Business Accounting Software Market Reality

The cloud accounting software market has exploded to $5.7 billion in 2024 and will reach $9.9 billion by 2033—driven by 64.4% of small businesses abandoning manual bookkeeping for digital solutions. This massive shift reflects a fundamental truth: businesses using modern accounting software consistently outperform their spreadsheet-bound competitors in revenue growth, cash flow management, and operational efficiency.

QuickBooks’s commanding 69% usage rate among software-enabled businesses isn’t accidental—it reflects deep accountant familiarity and extensive third-party integrations. Yet savvy business owners increasingly explore alternatives like Xero (11% market share) and emerging platforms that better match specific business models.

Top Accounting Software Platforms: Performance Analysis

Each platform serves distinct business needs, and understanding these differences prevents expensive software switches later.

QuickBooks Online: The power platform

QuickBooks Online generated $8 billion in revenue last year—double Xero’s performance and 71 times FreshBooks’s earnings—because it delivers unmatched functionality. The platform’s 750+ integrations connect everything from payment processing to inventory management, while its widespread accountant adoption means finding professional support stays simple.

Core Strengths:

• Advanced reporting with customizable dashboards
• Multi-currency support across 160+ currencies
• Automated sales tax calculations and filing
• Project profitability tracking with job costing
• Mobile app with full functionality

Pricing: Starting at $35/month for Simple Start, scaling to $235/month for Advanced

Xero: Built for modern teams

Xero revolutionizes collaboration by offering unlimited users at every price tier—a game-changer for growing teams tired of per-seat pricing. The platform’s elegant interface reduces training time by 60% compared to traditional software, while bank reconciliation suggestions achieve 95% accuracy after initial setup.

Standout Features:

• Unlimited users on all plans
• Real-time collaboration tools
• Automated invoice reminders reducing late payments by 40%
• Direct bank feeds from 21,000+ financial institutions
• Advanced inventory tracking with automatic reorder points

Investment: $15/month for Early plan, $78/month for Established

Wave: The bootstrapper’s choice

Wave disrupts the market by offering genuinely free core accounting—no trial periods, no user limits, no hidden fees. Over 2 million businesses trust Wave’s straightforward approach, particularly service-based companies and freelancers who need professional invoicing without complexity.

Free Features Include:

• Unlimited invoicing and estimates
• Receipt scanning with OCR technology
• Basic financial reporting
• Multi-business support
• Bank connections (manual import always free)

Revenue Model: Optional paid services like payroll ($40/month + $6/employee) and payment processing (2.9% + $0.30/transaction)

Real Business Transformation Through Smart Software Selection

Manual invoice processing costs businesses $12-19 per invoice, while automated systems slash that to $3—an 84% reduction that compounds across thousands of transactions. One Texas retail store struggling with cash flow hired professional bookkeepers who implemented cloud accounting, revealing hidden expense patterns and payment delays. Within 12 months, accurate financial visibility enabled strategic decisions that expanded their product line, opened a second location, and increased revenue by 30%.

Similarly, Beehive Marketing’s transition from spreadsheets to Xero delivered immediate results: 30% faster invoicing, 50% reduction in reconciliation time, and near-elimination of data entry errors. These efficiency gains translated directly to client acquisition time and business growth.

The Complete Controller Implementation Framework

Successfully deploying accounting software requires strategic planning beyond simply choosing a platform.

Phase 1: Business requirements analysis

Document your current financial workflows, identifying pain points and growth constraints. Consider transaction volume, team size, integration needs, and industry-specific requirements like inventory tracking or project costing. Small manufacturers need different features than consulting firms.

Phase 2: Platform evaluation and testing

Leverage free trials strategically—don’t just explore, but run actual business processes. Import last month’s transactions, create typical invoices, and generate reports you actually use. Gather feedback from every team member who’ll touch the system daily.

Phase 3: Data migration excellence

Clean historical data before migration prevents perpetual problems. Reconcile all accounts, standardize customer records, and archive obsolete information. Most platforms offer migration tools and guides, but professional assistance often pays for itself through accuracy.

Phase 4: Team training and controls

Schedule dedicated training sessions, not casual introductions. Establish user permissions protecting sensitive data while enabling efficient workflows. Create standard operating procedures documenting your specific processes within the chosen platform.

Phase 5: Continuous optimization

Monthly reviews catch issues before they compound. Quarterly audits verify automation accuracy and identify new efficiency opportunities. Annual assessments determine if your platform still matches business needs.

Automation and Integration: Multiplying Your Impact

Modern accounting software transforms repetitive tasks into automated workflows. Businesses implementing full automation reduce manual errors by up to 80% while processing invoices 5x faster. Key automation targets include:

Essential Automations:

• Bank feed imports with intelligent transaction matching
• Recurring invoice generation and sending
• Payment reminder sequences reducing collections time
• Expense categorization using machine learning
• Financial report scheduling for stakeholders

Integration Priorities:

• Payment processors for seamless reconciliation
• CRM systems maintaining customer data sync
• E-commerce platforms tracking inventory and sales
• Payroll services ensuring compliance
• Project management tools for profitability analysis

Investment Analysis: Understanding True Costs and Returns

While Wave offers free core features and entry-level plans start around $15-35 monthly, smart businesses evaluate total cost of ownership including time savings. Manual bookkeeping consuming 10 hours weekly at $25/hour equals $1,000 monthly—making even premium software profitable.

Hidden Cost Factors:

• Training time and productivity dips during transition
• Data migration complexity requiring professional help
• Integration costs for connecting existing systems
• Ongoing support needs as features expand

Measurable Returns:

• 50-80% reduction in bookkeeping time
• 30-40% faster payment collection through automation
• Near-elimination of costly data entry errors
• Enhanced decision-making through real-time visibility
• Scalability preventing future platform switches

Security and Compliance in Cloud Accounting

Modern platforms implement bank-level encryption and security protocols protecting financial data better than most small businesses could independently. Look for SOC 2 Type II certification, automatic backups, and role-based access controls. Cloud storage provides disaster recovery impossible with desktop software, while automatic updates maintain compliance with changing regulations.

Final Thoughts

After two decades helping businesses navigate financial technology, I’ve learned that the best accounting software combines powerful features with intuitive design—but success ultimately depends on thoughtful implementation. Whether you choose QuickBooks’s comprehensive ecosystem, Xero’s collaborative elegance, or Wave’s accessible simplicity, commit to mastering your platform’s capabilities.

Smart financial management fuels business growth, and modern accounting software puts enterprise-level capabilities within reach of every entrepreneur. Start with a free trial, involve your team in selection, and don’t hesitate to seek expert guidance during implementation.

Ready to transform your financial operations? Connect with our team at Complete Controller for personalized guidance on selecting and implementing the perfect accounting solution for your business’s unique needs.

Frequently Asked Questions About Best Accounting Software for Small Business

What is the easiest accounting software for small business owners with no accounting background?

Wave and FreshBooks consistently rank highest for user-friendliness, offering intuitive interfaces that guide non-accountants through financial tasks while Xero’s clean design and helpful prompts make it another strong choice for beginners.

How much should a small business budget for accounting software?

Most small businesses spend $15-100 monthly on accounting software, but factor in potential savings of $500-2,000 monthly from automation and error reduction when evaluating costs against manual bookkeeping alternatives.

Can I switch accounting software platforms without losing historical data?

Yes, major platforms support data export/import, though complexity varies—plan 2-4 weeks for migration, maintain parallel systems temporarily, and consider professional assistance for businesses with 2+ years of historical data.

Should I choose desktop or cloud-based accounting software?

Cloud-based software dominates with 78% adoption due to automatic backups, anywhere access, and real-time collaboration—desktop only makes sense for businesses with unreliable internet or extreme security requirements.

How do I know when to upgrade from free to paid accounting software?

Upgrade when you need features like automated bank feeds, multiple users, advanced reporting, or when manual workarounds consume more than 5 hours weekly—the time savings typically justify paid platform costs immediately.

Sources

• “20+ Best Bookkeeping Software for Businesses (2025 Tool Guide).” Pilot.com, 2025.
• “6 Best Accounting Software for Midsize Businesses in 2025.” Tipalti.com, 2025.
• “10 Best Accounting Software for Small Businesses.” JWU Online, 2025.
• “Xero vs QuickBooks 2025 | Clash of The Best Accounting Software.” YouTube, 2025.
• “2025 Accounting Software Comparison for Businesses.” Fisher Accountants, 2025.
• “Best Accounting Software for Small Business of 2025.” NerdWallet, 2025.
• “Best Accounting Software Options for Small Business.” US Chamber of Commerce, 2025.

About Complete Controller® – America’s Bookkeeping Experts Complete Controller is the Nation’s Leader in virtual bookkeeping, providing service to businesses and households alike. Utilizing Complete Controller’s technology, clients gain access to a cloud platform where their QuickBooks™️ file, critical financial documents, and back-office tools are hosted in an efficient SSO environment. Complete Controller’s team of certified US-based accounting professionals provide bookkeeping, record storage, performance reporting, and controller services including training, cash-flow management, budgeting and forecasting, process and controls advisement, and bill-pay. With flat-rate service plans, Complete Controller is the most cost-effective expert accounting solution for business, family-office, trusts, and households of any size or complexity. Reviewed By: Brittany McMillen

Brittany McMillen

Brittany McMillen is a seasoned Marketing Manager with a sharp eye for strategy and storytelling. With a background in digital marketing, brand development, and customer engagement, she brings a results-driven mindset to every project. Brittany specializes in crafting compelling content and optimizing user experiences that convert. When she’s not reviewing content, she’s exploring the latest marketing trends or championing small business success.

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Many financially mature adults earn money through active income, which is the income for selling goods or services. Active income includes revenue from wages, commissions, sales, salaries, and tips. It also includes gains from a business that you develop, own, and manage.

Passive income is making money through resources in which the recipient is not actively engaged. Passive income includes interest, royalties, dividends, rental income, and silent partnerships. Passive income is a satisfying way to earn money as your capital is doing all the work while you are passively reaping the benefits. Here are six passive income money earners.

Real Estate Investment

There are a few ways to make money via real estate investments. You can acquire a home or office building then rent it out. Once expenditures are paid, such as taxes, maintenance, and your mortgage, the remaining money earned is passive income profits.

Another way to earn real estate investment money is through crowdfunded real estate investing. This type of real estate investment allows investors to purchase real estate with a smaller amount of capital. The general crowdfunding buy-in amount ranges from $500 to $5,000. The majority of crowdfunded real estate sites don’t allow you to decide where to invest, nor is it liquidated. But it is still a good option to earn money via passive income.

Dividend-Paying Stocks

Purchasing stocks is not a new investment idea to earn a passive income. Dividend-paying stocks normally pay out dividends a few times a year. Most intelligent investors take dividends and reinvest them in more stocks to keep growing their portfolios. However, if you are looking at it as a passive income source, you can use the gains to pay bills or to save towards longer-term goals.

Peer-to-Peer Lending

Another excellent way to earn a passive income is via peer-to-peer lending. Peer-to-peer lending is the concept of becoming a part of a lending club. You earn income by receiving returns on interest in addition to the money you lent. There is some risk, although it is minimal. This risk is due to the idea that the lendee could default on the loan. The risk is much less in lending clubs than if you directly loaned money to a loved one.

High-Yield Savings

There are many savings accounts but starting a high-yield savings account immediately begins earning you money on dividends, thus earning you passive income. Like dividend-paying stocks, some high-yield savings accounts will earn you an accessible income every quarter. Check with a financial professional to find the best high-yield savings possibilities that will earn you the highest amount of passive income.

Royalty Earning Creations

There are several imaginative ways to earn a passive income after you finish the initial work. Writing an ebook is one way to earn money on a passive income. You can also earn royalties by offering your photos on stock photo sites. Yet another way to creatively earn a passive income is to produce an online class. Once you do the initial work, the income from that original production will be passive.

Use What You Have

There are numerous ways you can earn a passive income using what you already have. You can use your car to earn income by offering rideshares or advertising on your car when you drive. With the rideshare, you earn both payments from the platform and tips. When you use your car for advertising, you get a percentage of the income that comes in from your endeavors. You can also earn money by leasing out an extra room in your house. Another way to gain is by shopping as some apps offer cash for shopping for certain products or in specific stores.

Conclusion

A passive income is an excellent way to boost your income streams or replace your main income source. There is a multitude of ways to earn a passive income. The main thing to remember is you may have to put in some initial work to earn money, but the payoff will be worth it.

About Complete Controller® – America’s Bookkeeping Experts Complete Controller is the Nation’s Leader in virtual bookkeeping, providing service to businesses and households alike. Utilizing Complete Controller’s technology, clients gain access to a cloud-hosted desktop where their entire team and tax accountant may access the QuickBooks™️ file, critical financial documents, and back-office tools in an efficient and secure environment. Complete Controller’s team of certified US-based accounting professionals provide bookkeeping, record storage, performance reporting, and controller services including training, cash-flow management, budgeting and forecasting, process and controls advisement, and bill-pay. With flat-rate service plans, Complete Controller is the most cost-effective expert accounting solution for business, family-office, trusts, and households of any size or complexity.

Suffering from anxiety or depression in the workplace can make you feel lonely and isolated, and it often helps to talk about it. Anxiety and depression can impact how we connect with our family, friends, and colleagues. It can also make us ineffective at work and cause us to lose our productivity.

Did you know? More than 60% of professionals in the United States are suffering from workplace anxiety. So, what can people do to quell anxiety and live more comfortably? Here are five tips on how to manage stress and anxiety in your workplace:

Live Without Limits

One of the worst things you can do is limit yourself from the opportunities life throws your way. Several clinical psychologists and mental health experts advocate that people suffering from anxiety need to participate more. Look for new ways to express yourself to the fullest and build your identity outside of work.

Don’t Suppress it

If you think you’re the only one feeling anxious – think again! Almost everyone feels anxiety, and it is ok to talk about it. Like all other feelings and emotions, anxiety is a part of life that demands expression, verbal, and non-verbal. Most people consider anxiety as a form of vulnerability and weakness, which prevents them from expressing it. Respect yourself and how you feel. Share your thoughts with a close friend or colleague. If not, schedule an appointment with a reputable psychologist.

Face Your Fears

There can be many reasons you may feel anxious – it might be the fear of public speaking or speaking in general. Push yourself out of your comfort zone and try talking to people via text or chatting. Keep reminding yourself: you can succeed and persevere against anxiety, no matter what. Exposing yourself to a situation that provokes discomfort can help you change your relationship with anxiety. Who knows, you might start feeling more confident.

Self-Care Is Important

Self-care is an often-neglected part of a healthy life. Adopt lifestyle practices that make you happy and allow you to express yourself. Getting good sleep, nutrition with an active social life helps you get your mind off work. One of the reasons people suffer from anxiety in the workplace is that they can never get work out of their heads. Remember, self-care is important for managing stress and becoming more resilient.

Take a Break

Making smaller changes to your schedule or going on a vacation for a few days can significantly reduce your anxiety levels. What we are saying is, take a break from a hectic lifestyle and try experiencing life a little. Can’t do any of that? Maybe bask in the sun on a beach, visit a nearby park – anything to get your mind of the anxiety.

Muscle Relaxation

Engage yourself in exercises that help you relax and set your mind at ease. Several exercises can help you relax your muscles, such as progressive muscle relaxation, mindful meditation, and guided imagery exercises, among others.

Staying Connected

What are friends for? Workplace anxiety often piles up when you do not have others to talk to. There is no point in thinking that you are in this alone, especially with the current state of the world. Social support is essential for managing stress and maintaining strong ties with the people you hold dear. Talking is a great way to vocalize your fears, and it can help you dramatically reduce your stress levels.

Seek Professional Help

Sometimes expressing yourself to familiar faces can be difficult. If that is something you are feeling right now, consider getting professional help. A clinical psychologist is not just someone with knowledge; they also have professional experience in dealing with anxiety. Talking to a therapist has several benefits. For instance, you don’t have any ties with the person, the information and conversation stay confidential, and you gain insights and suggestions that work.

A professional psychiatrist is someone who knows the importance of communication and expression. Check if your organization offers healthcare insurance that offers psychiatric help as well.

No Caffeine

When managing anxiety, a morning latte should never be your friend. If you have an addiction, then keep the consumption to a minimum. Too much caffeine accelerates your heart rate while also causing elevated anxiety levels.

To Sum Up

Leaving your anxiety unaddressed can be both detrimental to your health, as well as your spirits. Acknowledge the fact that you are a human – with feelings. Remind yourself that you deserve a life filled with happiness and never-ending personal and professional success.

About Complete Controller® – America’s Bookkeeping Experts Complete Controller is the Nation’s Leader in virtual bookkeeping, providing service to businesses and households alike. Utilizing Complete Controller’s technology, clients gain access to a cloud-hosted desktop where their entire team and tax accountant may access the QuickBooks™️ file, critical financial documents, and back-office tools in an efficient and secure environment. Complete Controller’s team of certified US-based accounting professionals provide bookkeeping, record storage, performance reporting, and controller services including training, cash-flow management, budgeting and forecasting, process and controls advisement, and bill-pay. With flat-rate service plans, Complete Controller is the most cost-effective expert accounting solution for business, family-office, trusts, and households of any size or complexity.

When considering a business loan, it is important to rely on the opinions of experts. Taking out a loan that you cannot afford can cause the end of your business, or at least prevent it from growing.

In the case of a business loan, you will be met with the opinions of naysayers, each with their own anecdotes and suggestions. But in the end, the decision is yours. You must consider all aspects and choose the option that best meets your goals and will help you expand your business venture.

Even though your intentions may be good, taking on a loan can always lead to falling into debt. Are you ready to move forward in this field? Do you have the working capital? If your answer is yes, you must consider the following reasons to get a small business loan.

Approval of expanding business location

Picture this: your cubicles are on the verge of breakage, and your assistant works in the kitchen. You have little space and overwhelming traffic of customers. This means you may need to renovate your office or change its location. This does not mean that you can purchase a new location right now, as you lack the capital. If expansion is urgent, you can apply for a business loan.  This will cover your property cost and the expense of packing and moving materials and furnishings.

However, before making any decision, you must plan for the possible change in revenue you’re expecting from your expanded business location. Take care to ensure the amount of the loan will give the desired profit. Create a timeline and note down all details to provide this confirmation. Conduct a little research on market rates beforehand, as this will make your purchasing process easier from both loan and property ends.

Future credit establishment

Most businesses always strive to expand to a larger-scale in upcoming years. Suppose this is true for your business. In this case, you may start by taking a small business loan to establish a credit history for your business. Having an established and positive credit history can make all the difference when seeking approval for a larger loan in the future. A small business loan with on-time monthly payments will boost your business credit score and history.

You can also cultivate timeless relationships with lenders to easily obtain financial aid whenever you need it. You can also ask for a big loan, but don’t take this step without confirmation that you can return the money. Otherwise, you will fall into debt.

Excessive purchase of inventory

Inventory is a major expense for any business. You can manage this expenditure by replenishing your business’ inventory with reliable and high-quality choices. In the case of a financial downturn, you must have sound capital that provides assurance when applying for a business loan. This may be a large amount, but don’t forget to consider the cost of expected ROI.

In the case of a seasonal business, you must have excessive money to purchase inventory. Obtaining small loans may be the best financial decision for your business, especially when your sales are lower due to the season being over. Inventory purchases require a larger loan, so your debt history must show on-time return payments. However, requirements may be adjusted due to the dynamic variations in sales.

Businesses need talented experts

There are many responsibilities place on the business owner, especially when running a small business or startup with a tight budget and the hope of progress. To help with this, business owners must glean the opinions of talented experts when making any major business decision.

There are multiple services businesses must manage regarding marketing, customer service, fundraising, client dealing, bookkeeping, marketing, etc. As a small business owner, you must know when to compromise your small business model due to hindrances that resist its growth. Lean on the assistance of qualified professionals who can shed some light on areas that may be costing you money and effort. After consulting with others, make the decision to obtain a loan only if you have confidence, you will be able to repay it.

About Complete Controller® – America’s Bookkeeping Experts Complete Controller is the Nation’s Leader in virtual bookkeeping, providing service to businesses and households alike. Utilizing Complete Controller’s technology, clients gain access to a cloud-hosted desktop where their entire team and tax accountant may access the QuickBooks™️ file, critical financial documents, and back-office tools in an efficient and secure environment. Complete Controller’s team of certified US-based accounting professionals provide bookkeeping, record storage, performance reporting, and controller services including training, cash-flow management, budgeting and forecasting, process and controls advisement, and bill-pay. With flat-rate service plans, Complete Controller is the most cost-effective expert accounting solution for business, family-office, trusts, and households of any size or complexity.

Your mobile or other smart devices can become a money maker. This income is possible because you can install it on your smart device or phone for free. Using these money-making apps can be a fun and easy way to earn extra money and even replace your income. Here are seven of the top apps to earn money and how to use them.

Foap

The Foap app allows users to make money by uploading and selling their original photos and videos. When a business, individual, or brand purchases one of your photos or videos, you split the profits 50/50 with Foap. You can use photos or videos you’ve previously captured or earn higher pay by taking new ones through different missions set up by the app. It is an enjoyable way to use your photography and videography skills while earning money. This app asks for the user to have a PayPal account to receive payment.

SweatCoin

This app is perfect for the individual trying to get a lot of steps in every day for the health benefits. On Sweatcoin, you make $0.95 for every 1000 steps you take, encouraging you to take a lot more steps a day as this can add up. The money you earn is not in cash, but it earns you credits you can use for shopping at 300 plus retailers. The truth is, if you’re walking anyway, why not get some free stuff while you’re at it?

eBay

eBay is an excellent resale app that has been around for years. Depending on the items you offer on the site, the potential for earning a great income. Some vendors that sell on eBay have developed a business around discovering things at thrift stores and yard or estate sales and restoring them or selling for a profit. On eBay, it is an auction sale that includes selling items at a “Buy It Now” flat price. For some scarcer or heavily sought after items, it is best to set up an auction sale as the competition can occasionally drive the price much higher than anticipated. All dealings are done through PayPal, making it secure. There are a few fees; however, most are negligible in comparison to the returns.

OfferUp

OfferUp is as if eBay and Craigslist were combined to make one app. OfferUp used to be an app for local sales of unwanted or second-hand items within your region. But it now has the added aspect of shipping open it up to the world like eBay. The great thing in contrast to eBay or Craigslist is that it is free to post or sell your items. You predetermine shipment costs at the time of publishing so you can contemplate it when establishing a sale price. If bought locally, you can save money on the shipment and schedule a meeting with the buyer.

Mobee

Mobee is a secret shopper app that presents tasks in your region. If you choose the objective, it gives you directions on what to do. The tasks could be taking a survey or taking a picture inside the store. When you complete tasks, Mobee pays you with points that can be exchanged for gift cards to various shopping sites and businesses, including Amazon.

Acorns

Acorns is an investment app that uses your spare change. Acorns rounds each purchase to the nearest dollar through a connected bank account and use that “spare change” to invest. This investment app is excellent for first-time investors that don’t have a lot of money to invest. However, it does have a maximum amount of money you can make to help you determine how to use it. It also has a small monthly fee dependent on the level selected.

TaskRabbit

TaskRabbit is an app that facilitates you to get paid to accomplish physical labor services in your vicinity. You set up a user profile with the skills and services you offer, and individuals hire you to help them out. Some of the more common tasks are moving, cleaning, rearranging furniture, mounting a television, etc. If you aren’t afraid of some physical labor, you can make a good side-hustle from TaskRabbit.

Conclusion

There are many other money-making apps, but these seven apps are the best to start making money today. And some of them are even fun!

About Complete Controller® – America’s Bookkeeping Experts Complete Controller is the Nation’s Leader in virtual bookkeeping, providing service to businesses and households alike. Utilizing Complete Controller’s technology, clients gain access to a cloud-hosted desktop where their entire team and tax accountant may access the QuickBooks™️ file, critical financial documents, and back-office tools in an efficient and secure environment. Complete Controller’s team of certified US-based accounting professionals provide bookkeeping, record storage, performance reporting, and controller services including training, cash-flow management, budgeting and forecasting, process and controls advisement, and bill-pay. With flat-rate service plans, Complete Controller is the most cost-effective expert accounting solution for business, family-office, trusts, and households of any size or complexity.

There are mistakes that many people make when starting a small business. These mistakes can even occur when the business is up and running but can generally be avoided. Some of these mistakes can be unique to the business type or the individual owner, but many small businesses’ mistakes are quite common. When opening a small business and even in later stages of operations, there are missteps you want to avoid to have a lucrative business. Here are eight common mistakes small business owners make and how to avoid them.

No Business Plan

Business plans are essential to every business, whether large or small, or whether it is just beginning or has been around for many years. While writing a business plan can be a challenge, it will pay off if you have a well thought out business plan to utilize for investors, new staff, or even for you to refer to through the year to keep you on track. You must understand what your business plan needs for your specific business.

No Market Research

Researching the market you are in is of the utmost importance and should also be included in your business plan. It should also be something you constantly research as time goes on to remain competitive in your chosen market. It is also used to determine your target customer and should be done as often as you need to reassess your business to maximize profits and a competitive edge. You should also need to do research anytime there is a shift in your business.

Building the Wrong Team

A small business’s success will be dependent on not on your products or services, but it will also revolve around your staff. When employing staff, you must make selections that will work well in the business dynamic and with other staff members. It is also important that the team members have talents to serve your business the greatest and fill different positions needed for your company.

No Website

In today’s primarily digital world, not having a website for your business can be a serious mistake. Every business must be searchable by individuals who don’t know about your business but may launch a search that will bring them to you. Most small businesses don’t have a site because it is thought that the cost will be too expensive. However, having a website created is not as costly as you think, and there are even sites that you can develop your site for not a lot to free. However, you make it happen; creating a business website from the start is crucial.

No Financing

Many small business owners don’t get the right financing in place before starting. This lack of financing can trigger problems that become impossible swiftly and destroy the business. The way to prevent this mistake is to go back to the business plan. It should contain a detailed financial outline of your business, let you know how much capital you will need, and give investors an idea of your financial plan.

Mispricing Your Products or Services

Some small business owners have trouble coming up with the value of products and services. The fear is that people will not give you what you sell is priced too high. Your first step is to do research and set a price comparable to the market to face this issue. Another rule to follow is to figure out what the bare minimum is you need to make to pay bills and staff and do what needs to be done in the business and set your prices to match this need.

Failing to Invest in Marketing

In today’s digital world, marketing is not as expensive as it used to be. In many cases, marketing is free when using social media platforms to market. If you have the solid foundation of a business plan, marketing, and costs are built into the plan, there would be no surprises regarding planning and costs.

Ignoring Accounting and Bookkeeping

There are a lot of reasons accounting and bookkeeping needs focus. The main reason you need to focus on accounting and bookkeeping is to be aware of your business’s financial health. Whether you use a professional (recommended) or use a bookkeeping or accounting software and do it yourself, it is essential to control your business’s accounting and bookkeeping.

Conclusion

Starting and running a successful small business is not for the faint of heart. It requires dedication and intelligence. These are common mistakes, new or small business owners make. If you know what they are and have a plan, you can avoid these mistakes for your business’s lifespan.

About Complete Controller® – America’s Bookkeeping Experts Complete Controller is the Nation’s Leader in virtual bookkeeping, providing service to businesses and households alike. Utilizing Complete Controller’s technology, clients gain access to a cloud-hosted desktop where their entire team and tax accountant may access the QuickBooks™️ file, critical financial documents, and back-office tools in an efficient and secure environment. Complete Controller’s team of certified US-based accounting professionals provide bookkeeping, record storage, performance reporting, and controller services including training, cash-flow management, budgeting and forecasting, process and controls advisement, and bill-pay. With flat-rate service plans, Complete Controller is the most cost-effective expert accounting solution for business, family-office, trusts, and households of any size or complexity.

One of the most essential elements in any working relationship is compensation, which is defined as the employer’s consideration in exchange for work done by a collaborator or worker. It is applicable in all legal purposes for calculating the payment of the benefits provided for in the current law. Its calculation is made considering the time worked, the performance or result, or the class of worker (worker or employee); fulfilling the purpose of being adequate, fair, balanced, effective, safe, and above all motivating. As such, every motivated worker increases their productivity and efficiency. In current Society and our work experiences, we can say that Wages and Salaries help us survive on our means. Well-managed incentive systems have important advantages, both for workers and for the company.

The main benefit to employees is that these plans make it possible for them to increase their total income, not at some future time, but immediately, in the next payment. In exchange, the company will get more production and, assuming that something is earned in each unit produced, it will achieve a greater volume of profits. In general, profits grow, not in proportion to the volume of production. When a higher rate of production takes place, the overall costs per unit decrease. The incentive plans’ positive perceptions will then raise the worker’s morale and reduce job changes, absenteeism, tardiness, and delinquency.

The Importance of Compensation

In the emerging 21st century, with a capitalist West and an East that imitates it, the monetary incentive is very important but not the only one to be valued by the individuals who work. Sometimes the pride of belonging to a certain firm, the possibilities of training and growth, the quality of life, and for many, the ability to harmonize other interests are strong sources of incentive for individuals. Therefore, a company must pay special attention to these aspects without neglecting human resources’ other policies and processes. Good compensation and incentive policy based on adequate personnel development and care policies correspond to the workers’ ideals. Thinking only of financial incentives may be insufficient.

The companies that pay more attract more good candidates, but then they must take care of other APRA aspects to retain them. Compensation above the average does not make up for lack of recognition of a superior or an angry and unpleasant work environment.

On the other hand, a company that does not pay the basic compensation that workers need for their satisfaction will have high turnover rates or resort to many extra incentives to retain employees. The companies that pay the most are not necessarily the best company to work for, and often these companies are aware of a negative work environment that they cannot improve for some reason.

Advice on Compensation

• Compensate Above-average: The ideal situation is when a company can compensate more than the average salary.
• Properly Compensate a Person or Position: If the compensation for the position differs from the one that the person desires and the market indicates your compensation is below average, you will need to review your company’s compensation.
• Conduct Annual Reviews: Perform a review once a year. If you do not, you may be at risk of losing key personnel or having bad employees in your structure.
• Compensation and Retention of Employees: Increasing a valuable employee’s salary is an intelligent investment. Do not neglect key personnel’s compensation because if they are skilled, they will go somewhere that will compensate them for their skills and value in the workplace.

Conclusion

When it comes to business, a compensation plan for personnel should be proposed, which has proven to be effective in achieving, in relative terms, better productivity and work environment in the company. The concepts, principles, and main tools needed to design and implement, organization, managing the personnel’s compensation need to be reviewed. This is known as the management approach to compensation management. 

About Complete Controller® – America’s Bookkeeping Experts Complete Controller is the Nation’s Leader in virtual bookkeeping, providing service to businesses and households alike. Utilizing Complete Controller’s technology, clients gain access to a cloud-hosted desktop where their entire team and tax accountant may access the QuickBooks™️ file, critical financial documents, and back-office tools in an efficient and secure environment. Complete Controller’s team of certified US-based accounting professionals provide bookkeeping, record storage, performance reporting, and controller services including training, cash-flow management, budgeting and forecasting, process and controls advisement, and bill-pay. With flat-rate service plans, Complete Controller is the most cost-effective expert accounting solution for business, family-office, trusts, and households of any size or complexity.