Raise Your Credit Score - Complete Controller

Every adult that has purchased anything on credit has a credit score. Your credit score gives you buying power when it comes to homeownership or financing a vehicle. It can also affect what you pay for internet and phone services, utilities, and insurance. There are even some companies that require a certain credit score to be employed with them. A high or low credit score can be the difference between a great job and a good lifestyle and higher interest and debts.

Because there is such importance placed on your credit score, it is essential that you know what yours is and how to get it higher and keep it there. Here are five tried and true ways to raise your credit score. Check out America's Best Bookkeepers

Credit Cards

When it comes to your credit score, a credit card can have a large positive or negative impact on your credit score. Most people carry at least one credit card though it is suggested that you avoid having one altogether if possible. If you feel you must have a credit card, here are a few things to keep in mind.

  • Don’t get a credit card with a high-interest rate
  • Don’t have more than one credit card
  • Make more than your minimum payments
  • Always keep the balance lower than 10% of your limit
  • Make them a priority to pay off before no to low-interest loans or payments
  • Only use your credit card for emergencies

Avoid Debt

While it is understandable that most people don’t have enough cash on hand to purchase a home or car without a loan, you should avoid purchase on credit as much as possible. When you do need to carry a loan, here are a few things to consider. Check out America's Best Bookkeepers

  • Shop for lenders
  • Get the lowest interest rate possible
  • Borrow from a friend or family member to avoid interest
  • Pay more than the minimum payment
  • Make these loan payments a priority
  • Pay them twice a month if possible

Stop Applying

Many people don’t realize that every time you apply for a credit line, whether a loan, a rental application or a store credit card, those applications initiate a hard credit check. Every hard credit check lowers your credit score. So if you are car shopping or trying to get a discount on your purchase by applying for the store credit card, you are lowering your score. Here are some things you can do to avoid this.

  • Don’t apply for cards or store credit; you don’t need to get a discount
  • Go to your bank or a lender and obtain preapproval for a car or home loan before shopping
  • Use websites that do not affect your credit score to check your score and know what it is before applying for lines of credit Check out America's Best Bookkeepers

Dispute Your Credit Score

Many people think their credit score is etched in stone and cannot be changed until the credit falls off. While it is true that after seven years old debt falls off, there are times when items on the credit report don’t belong there. Here are some things you can do to get bad debt removed from your credit score.

  • Dispute old debt that is still on your report after seven years
  • Dispute any debt you don’t recognize
  • Pay off any debt that is still on your valid credit report

Pay Bills on Time

While financially responsible working adults should pay all bills on time, it is especially true of those bills that will lower your score if paid late. When prioritizing your bills, you should make those bills with high-interest rates and attachments to credit reporting a priority. Here are a few other things to keep in mind when paying your bills.

  • Pay more than the minimum payments on bills with interest
  • Check to see if any of your utility or service bills can be attached to your credit score for paying on time
  • Make double payments per month on bills with interest

Conclusion

These are five areas of focus that will improve your credit score if you apply them. Knowing your credit score and how it affects your financial health should be a priority to every financially responsible working adult.

Check out America's Best Bookkeepers 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. Check out America's Best Bookkeepers
Common Functions of a Bookkeeper - Complete Controller

Bookkeepers or accountants play an important role in many companies since they are in charge of maintaining financial records, making them balance, and accurately updating the accounting books. Their work is of value to all types of organizations or companies, whether public or private, since these individuals monitor the flow of money entering and leaving the corporation. Large companies tend to have more than one Bookkeeper on their staff. At the same time, the rest prefer to have only one professional in charge of this management or, on the contrary, prefer to hire the services of a specialized accounting firm. Provide your services to third parties. Also, some Bookkeepers choose to work independently or independently.

Bookkeepers produce financial reports based on information collected from the books they keep. Based on these records, the shareholders, managers, and accountants verify the company’s financial status and determine the most suitable way to proceed in future projects. Check out America's Best Bookkeepers

Here are the most common functions of a Bookkeeper:

  • Manage and control the accounting books of the company in which they work or their client:
  • Set parameters for accounting books.
  • Make the balance of the accounting books.
  • Take advantage of programs and systems capable of simplifying their work.
  • Keep the general ledger updated:
  • Review and record the daily income and expenses.
  • Make the balance in the columns of assets and liabilities of the ledger.

Prepare accounting reports:

  • Analyze the stopped and current statistics of the company.
  • Verify that the expenses are duly justified.
  • Verify that the income is properly registered.
  • Prepare a report based on the information described above. Check out America's Best Bookkeepers

Create and maintain the budget of the company:

  • Explain the budget to clients or supervisors.
  • Advice on budgetary matters.

Prepare financial statements:

  • Calculate the status of the accounts at the end of the year.
  • Prepare and submit reports based on the information in the accounts.
  • Determine the type of documentation required by the company.

Make reports regarding the tax return:

  • Comply with tax legislation.
  • Determine possible deductibles.
  • Provide advice on tax irregularities.
  • Project the future statistics of the company based on its current financial balance.

Daily tasks:

  • Keep the financial records of the company.
  • Set the income and expenses of assets in the general ledger.
  • Make the balance of the accounting books.
  • Prepare checks, payrolls, tax returns, payments, among others.
  • Make tax returns.
  • Complete and submit tax return forms.
  • Prepare financial reports and make projections based on the information indicated therein.
  • Establish and plan budgets.
  • Candidate profile.

Communication skills:

  • Communicate clearly, both orally and in writing, to provide financial advice effectively.
  • Explain the accounting procedures to their clients or superiors, simplifying complex and extensive matters, using non-technical language.
  • Write detailed and concise reports and be able to explain the results to your clients or superiors.
  • Be in the capacity to work as a team. Check out America's Best Bookkeepers

Retail Accounting:

  • Analyze financial information in detail.
  • Record information meticulously in the accounting books.
  • Make the balance of extensive and complex books.

Organized and able to manage your time effectively:

  • The capacity to work with different clients and make the balance of different books simultaneously.
  • Be able to write reports to different clients.
  • Comply with the delivery dates.

Analytical skills:

  • Analyze income and expenses to detect possible deductions.
  • Have a systematic approach to analysis.
  • Analyze budgets
  • Conceive ways to increase efficiency.

Excellent computer knowledge:

  • Use specialized accounting programs.
  • Be familiar with specialized programs.
  • High levels of integrity and honesty.

Although the requirements to perform as a bookkeeper are not all universal, in general, companies are looking for candidates that meet a series of common qualities. On the one hand, it is required that the aspirant has completed his high school studies; However, in some sites, a profile is developed for those who followed technical training in accounting or accounting students. In other cases, the talent hunt is filtered by those individuals who have a university degree in Finance, Mathematics, Business Administration, Accounting, or other related careers. Having work experience in related areas gives added value to the profile of the candidate.

Check out America's Best Bookkeepers 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. Check out America's Best Bookkeepers
Social Media Recruitment - Complete Controller

Small businesses have different short and long-term goals than larger businesses. The main reason for this is that they have fewer resources and less time for recruitment. Small businesses have difficulty finding and hiring potential candidates because they lack the top larger businesses for recruitment. The hiring process is often difficult and can be expensive when looking to recruit top talent and fill out your business needs with high-quality candidates, making it difficult for small businesses to compete with larger companies. Here four great tips for social media recruitment to help your small business hire the best candidates. Check out America's Best Bookkeepers

Share Your Business on Social Media

In today’s advanced technology world, many businesses, large and small, utilize what is referred to as social recruiting. This type of recruitment is done by either using different social network platforms or by employee referrals. Social recruitment gives several advantages to small businesses. The advantages are connecting to potential employees, expanding the hiring pool, and understanding the candidate’s personality.

Business recruitment depends on how the business engages with existing and potential employees and well-established social media strategy. Your business needs to post updates regularly with ongoing interaction, specifically engaging your social media followers.

Current employees can also use their social media platforms to attract and refer potential strong candidates among their friends and followers. You can even offer your employees incentives for referral recruitment if their efforts result in a candidate’s hiring and retention. Check out America's Best Bookkeepers

Post a Thorough Job Description

No matter the platform you use to advertise your job opportunity, it is essential that you provide a thorough job description. You should get assurances that the business goals are clear and concise, but robustly you should layout the job description and requirements through concise bullet-points. It is proven that those businesses, regardless of size, attract more qualified potential candidates because the job description was clear and the expectations were well laid out. The job description can also provide the opportunity to see how the candidate submits their qualifications. The job description will allow them to tailor their resume or cover letter to the job.

Candidate Selection

Social media is not only used for advertising the organization’s vacancy, but it can also be used to screen applicants. Whenever a candidate’s application is assessed, the organization must review its skills with their personal qualities and previous experiences. But this approach doesn’t allow an organization to assess candidates as per behavioral values. This is the point where social media can play an important recruitment role. Reviewing candidates’ social media profiles, including Instagram, LinkedIn, Facebook, and Twitter, will help your business know more about the candidate. This includes the applicant’s interests, hobbies, and behavior as gathered through the information they are posting on social platforms and the type of content they put out or engage in.  Check out America's Best Bookkeepers

Widening the Talent Pool

Social media can attract candidates, but it can expand the talent pool by widening a small business’s reach to potential future employees. Most small businesses can’t attract high-quality candidates without great expense to compete with larger businesses. Social media levels the playing field. Because a strong social media presence doesn’t cost a lot, if anything, and it is not dependent on the business size and budget, any business can attract or find great candidates and have a larger talent pool from which to select.

Conclusion

Small businesses should be able to find and hire the best candidates regardless of their business size. To be competitive with larger businesses for the best employees without astronomical costs, small businesses must use social media recruitment. Using these tips will help your small business thrive with top talent staff to support it.

Check out America's Best Bookkeepers 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. Check out America's Best Bookkeepers
be Thrifty - Complete Controller

We often hear about the importance of saving and getting advice on investing to contribute to your company’s 401(k). Though all of the professional advice is important, there are other ways you can save money that no financial advisor will suggest. Saving money by being thrifty is easy and can, in some cases, be fun because it involves shopping. Here are five ways to be thrifty and boost your savings. Check out America's Best Bookkeepers

Shop Second Hand for Clothing

Most clothing snobs would never consider buying clothing second-hand, and maybe they can afford to pay full price for new clothing as needed. But every fashionista on a budget will tell you that you can get amazing clothing that looks new and cost you pennies on the dollar. When you are in a clothing shopping mood or need an outfit for a specific event, it’s time to hit the ATM and map out yard sales and swing into thrift stores as you go. This type of second-hand clothing shopping can net some name brand clothing or clothing that, in some cases, was never worn before given up at deeply discounted prices. Often daily thrift stores will have additional savings for certain clothing types or tag colors. You can walk out with brand new, name brand clothing in some cases for less than a dollar.

You may not always find what you are looking for if you have a specific need, but you can find exactly what you need or a better choice in many cases. Not to mention hunting for the perfect bargain outfit can be a fun process. Yard sales often offer a similar treasure trove of great clothing for deeply discounted prices. However, yard sales don’t offer a wide variety of sizes, like a thrift store. Check out America's Best Bookkeepers

Used Furniture

You can shop online or through apps that offer used furniture for a steal. Often the furniture is in great shape for a fraction of the cost. If items are in rough shape, you can generally refurbish or repurpose them for minimal cost and have a great new piece. You can also find great used furniture while you are clothing shopping at the thrift store. Thrift stores have various used items and can be a one-stop shopping experience that will have you fulfilling a variety of needs or wants for a fraction of the cost for new items.

Pawn Shop Treasures

If you have never stepped foot in a pawn shop, you miss out on amazing used items for deep discounts. While you are purchasing everything from electronics to jewelry as is, pawnshops will allow you to try items to make sure they work before you walk out the door. In some cases, if you are good at fixing things, you can get items in need of repair for an extremely low cost. Do yourself a favor and go check out the nearest pawn shop as soon as possible; you will be addicted to the savings and amazing items you leave to take home. Check out America's Best Bookkeepers

Sales

Sales are not a surprise on this thrifty list, but sometimes we need reminding that we should hit up sales as much as possible. It is not suggested you hit up sales for the sake of the sale, but if you need the sale fulfills, you shouldn’t pay full price for that need. The idea behind being thrifty is that you fulfill your needs or wants the least expensive way possible. If you only need one item, take a friend with you to a buy one get one sale and split the total cost for your two items. Being thrifty doesn’t mean you have to sacrifice the enjoyment of shopping. You may even find the challenge of how much you can get for the least amount of fun.

Coupons

Coupons can save you a few dollars on every shopping trip, but if you become a professional couponer, you can end up with many free items that you can save for future use or donate. Many who dedicate themselves to professional level couponing say it is fun and exciting to see how little they pay for many items. Some are so strategic they walk out of the store with multiple baskets of items, having spent less than $100. If you don’t have that kind of dedication, don’t worry. You can still save a lot by using coupons on items you were already purchasing. Many stores have apps that allow you to electronically clip coupons is an easy way to save that can add up.

Check out America's Best Bookkeepers 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. Check out America's Best Bookkeepers
Life Insurance - Complete Controller

Most people have heard of life insurance, and many of those have heard the terms whole life and term life insurance. When choosing life insurance, you must know what you need before you speak with an insurance agent. Most agents, while keeping your best interest in mind, will are at their core salespeople. For this reason, you need to understand life insurance and know what you need, so you don’t buy needless insurance that doesn’t work for you. Check out America's Best Bookkeepers

When deciding which type of insurance to purchase, you should base your decision on your financial goals and your needs along with those of your beneficiaries. Life insurance isn’t just something that will cover your loved ones after your death. It also has some financial advantages you can utilize while you are alive. Here is an overview of both term life and whole life insurance and the comparison of what each one of them includes so you can make an educated decision on what you need before you meet with an agent.

Features of Term Life Insurance

  • Only provides death benefits
  • Only pays if you die while the term of the policy is in effect
  • Most affordable life insurance to buy
  • Purchased for a specific period or terms such as 5, 10, 15, or 30 years
  • It is more expensive as you age
  • Once your term ends, you must renew a new term
  • Used as additional coverage with a whole life insurance policy
  • It can be converted to whole life insurance Check out America's Best Bookkeepers

Features of Whole Life Insurance

  • It covers you for life
  • Provides death benefits
  • Cash value that builds an accumulation for the lifetime of the policy
  • Sometimes requires a health examination
  • It can sometimes be purchased without a health examination
  • It takes several years to build value
  • Cash value is based on the rate of the return value
  • During the life of the policy, it can be borrowed against
  • It is initially more expensive, but premiums reduce over the years

Reasons to Convert Your Term Life Policy

  • You are over fifty, and your term life insurance is about to expire
  • You still need life insurance, but due to age or other circumstances, term life is too expensive
  • Estate taxes are a concern, or you are hoping to set up your estate and need whole life
  • You are establishing or changing your will to include a trust
  • You need a non-taxable investment option Check out America's Best Bookkeepers

Should Carry Both Whole Life and Term Life Insurance?

In most cases, you will want to choose one insurance over the other, but there is an argument for having both at the same time. This is especially beneficial since term life policies have an endpoint, while whole life insurance covers your lifespan.

The Benefits of Having Both Whole and Term Life Insurance

  • You need more coverage but can’t afford to add to your whole life policy
  • You need more coverage only for a period and not whole life
  • You have term life and can’t afford to convert to whole life completely

Conclusion

You should know the differences between term life and whole life insurance so that no matter which one you decide to take, it is the one that is right for you. The main thing to remember is that you must have life insurance. This insurance, while beneficial to you while you are alive such as with financial benefits you can take before death, but the main reason you take out life insurance is to benefit your loved ones after your death.

Many times, life insurance covers funeral and debt expenses, gives your beneficiaries income to cover after death expenses, and takes care of them for life. To choose the right kind of life insurance, you must consider the benefits of both and choose the best one you can afford that will cover what you need.

Check out America's Best Bookkeepers 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. Check out America's Best Bookkeepers
small business risks - Complete Controller

Most people don’t like risks but choose to take risks when the rewards are too tempting to be ignored. ‘Risk’ is a four-letter word that often has a negative connotation. But the fact is that risk is natural and is present in almost everything we do. No matter how careful and responsible you plan and manage things. You cannot guarantee that the risks will be eliminated. So, you need to know how to cope with risk and make plans to minimize it. Check out America's Best Bookkeepers

As an entrepreneur, you have to make many high-risk business decisions, particularly regarding business growth. Many of these risks turn out to be a success for your business, while other risks give birth to traumatic situations. As a business owner, you must understand which financial risks you should take and which ones you should avoid. Understanding the concept of risk and reward is what separates a great entrepreneur from an average one.  This understanding will make wiser business decisions by preparing to take advantage of the ups and surviving the downs. Here are three of the main risks every small business owner takes and how to survive them.

Financial Risk

As a business owner, you are more likely to invest in risky assets to get potential financial rewards. For example, if you invest in emerging nations fund or a startup, you will probably lose most of what you have invested, at least initially. Emerging startups take a lot of time to generate revenue and to become a success story. As soon as you get older, you cannot afford such types of risks as you need to save money to spend a comfortable, relaxed life ahead. But as a youngster, even if you lose some money taking risks, you will earn it back again. You need to carefully consider investment risks, knowing what you have behind if the risk goes wrong. Check out America's Best Bookkeepers

Time Risk

Investing time is itself a major risk factor. For instance, if you can become poor after spending five years of your life investing in your business or career, you still haven’t earned anything. If you don’t manage your time and make it produce value, you have unknowingly added to the more obvious risks. Time risk is easily identified and managed and essentially an unnecessary risk that you don’t need to take.

Investment Risk

Most people are aware of stock investments’ financial risks, but most don’t understand there are risks in gold and unknowingly invest without understanding them. Because of this fact, gold should not be a replacement for a diversified portfolio. Contrary to popular belief, gold isn’t a safe or secure investment as gold prices fluctuate as much as currency or stocks. It may be slightly safer as the number of fluctuations is lesser on average than found in stocks, but in no way should it be considered a safe or secure investment. Investing in gold may not always be the right investment for you as one needs to consider all other options before making any investment decision. Check out America's Best Bookkeepers

Conclusion

An entrepreneur needs to be prepared to deal with all types of financial risks and challenges. You need to take proper measures and plan accordingly because running a business encompasses multiple risks (both internal and external.) Before making any financial decisions, make sure to consult with your financial advisor. They will guide you in wise investments and share financial experiences that will give you insight into sound business decisions by understanding risks.

Every person, whether a business owner or not, has to face risks in life and finances. Managing risks and using your understanding of them will guide you in making sound financial decisions that will help you succeed in business and life.

Check out America's Best Bookkeepers 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. Check out America's Best Bookkeepers
Debt Making Mistakes - Complete Controller

Financial debt is something that many have to deal with at some time or another in their life. Due to poor spending habits or taking out loans for larger purchases, you need to work to overcome debt. Paying down debt is possible, but there are some mistakes that many people make when it comes to debt. Here are six debt making mistakes you should stop making. Check out America's Best Bookkeepers

No Negotiation

It is surprisingly easy to negotiate your credit card debts. Most people don’t even think about negotiating the terms of their debts and payments, but it is one of the easiest things to do. In most cases, you merely need to pick up the phone and call your bank and ask if a lower interest rate is possible. Though this is an easy task, many people don’t do it. One call could save you thousands of dollars in some circumstances, so make that call.

Failing to Plan

Most people don’t think it is necessary to have a planned budget to pay off their debts. This could not be further from the truth. You need to have a planned budget that shows you exactly where you’re spending, so you know where to make changes and cuts.  The most important thing to remember is that you need to create a strategy and stick to it. While you may have to do without some luxuries for a little while, it will be worth it when you are debt-free because of your efforts. Check out America's Best Bookkeepers

Failure to Prioritize

Many people don’t prioritize debt. If there is difficulty with making payments in some cases, they ignore the debt and allow it to grow or default. Once you make your debt a priority, you must put the debt that carries interest first, such as credit cards or loans. Paying off the highest interest debt first will save you money as the interest rates can make the debt grow and possibly become unmanageable.

Paying Bills Late

When people fail to pay their bills on time, the amount increases after the due date because of late fees. It means that you are just giving away your money in late fees to credit card companies, banks, and landlords. Paying late on some bills also affects your credit score, so you not only get hit with the fees but also decrease your purchasing power. To fix this problem, you need to budget and live within your means and pay your bills on time. If you are consistently late, you need to find where the problem is and fix it. Check out America's Best Bookkeepers

Not Asking for Help

Pride is a tough thing to deal with, but many people have it when It comes to finances. While it is not suggested that you ask for financial assistance to pay your bills or make ends meet regularly, there are times when it could be the difference between peace of mind or dire issues. You need a roof, electricity, water, and food. If any of those are threatened and don’t have the means to cover them, you can ask for help. In some cases, you may have a friend or family member that can give you a no-interest loan you can use to consolidate and pay down debts so you can start on an even field. Put aside that pride and ask. The worst they can say is no.

No Emergency Fund

Having an emergency fund saved is so vital that a whole article could be dedicated to it. If you have no other savings, account you should at least have an emergency fund. Start small and save $1,000 in as large increments as you can afford without hardship. Once you have reached this goal, start saving towards equal to six months of your income. Once you have this saved, you can decide if this is enough padding for you or save to twelve months of income.

Some important things to remember while building an emergency fund. Don’t focus on any other savings until your emergency fund is complete. Use the highest interest savings account you can find for these savings, so it grows. Money market accounts are notoriously great for this type of savings because of interest and ease of access without being too easy to access that you are tempted to spend for non-emergency expenditures. Have a trusted friend or family member named on the account or power-of-attorney to someone if you are incapacitated so it can be accessed to take care of everything during those times.  

Check out America's Best Bookkeepers 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. Check out America's Best Bookkeepers
Online Banking - Complete Controller

Technology has changed the way we function. It has modernized everything, and banking is no exception. Through online banking, you can now access your accounts through a cell phone or a computer. Online banking or internet banking is an online payment system that allows the customers of a financial institution or a bank to conduct a wide range of financial operations through the bank’s website.  Online banking has revolutionized the way financial transactions are being conducted today. It is much more convenient and easier than its post-technology counterpart, branch banking. Through online banking, banks have reduced costs as online banking only has a virtual presence.

Thanks to online banking, now you don’t have to visit the bank in person and wait in painstakingly long lines. You can access your account through your cell phone and carry out all your important transactions while staying in the comfort of your own house. The advantages of online banking don’t stop there. Here are seven things you can do via online banking. Check out America's Best Bookkeepers

Pay Bills

You can pay your utility bills through your cell or your computer thanks to online banking. This saves you both time and energy that you would have otherwise wasted with a trip to the bank. You can even access all your payment history for each account you pay through online banking.

Make Deposits

Through internet banking, you can deposit checks by simply entering the amount on the check and taking a picture of both the front and back of the check through a secure app. The app will use the phone’s camera, but these photos will not be saved on your phone for security purposes.

Research Your Payment History

You can search your payment history for any specific payment transaction. Not only is this easy, but perfect for times when you lose track of your bill and want to check when was the last time you made a payment. Check out America's Best Bookkeepers

Review Your Account

You can review your account balance and activity through internet banking. Online banking allows you to check your account’s details 24/7, which offers convenience to those who don’t have the opportunity to get to a bank during business hours.

Make Transfers

If you happen to more than one account in a bank, you can make online money transfers. Your funds get transferred instantly and only takes a few seconds of your time.

Get Notification

You can get notified through text and mail alerts for any account activity. This keeps you up-to-date with your account balance, and this is perfect for those who have their paychecks deposited directly. Email alerts also help keep your account secure as they warn you of any fraudulent activity.

Send Money

Sending money to a friend or a family member has never been easier. Most banks offer a wire-transfer service through which you can instantly send money to anyone for a small fee. Check out America's Best Bookkeepers

Online Banking Security

Banks take special precautions to keep your account information secure. So, yes, online banking is secure. However, there are certain things you can do to keep your account secure. These include:

  • If you ever happen to receive an email claiming to be from the bank and are asked for personal information, then chances are it’s not from the bank. These are scams that can leave you bankrupt. Also, don’t ever click on any of the links found in such emails.
  • Never leave your account without logging out. If you are using the app, it will automatically log you out, but you have to do it manually if you are using your browser.
  • Don’t access your account using public wi-fi unless you have VPN coverage, as this can lead to your account being hacked. Always use a secure wi-fi connection like the one at your office or home. These are protected connections.
  • Keep your computer updated with anti-virus software.
  • In case you notice any suspicious transactions make sure to inform the bank immediately.

With its rising popularity, online banking is the future. Many banks have even started shutting down their smaller branches and only offer online banking. If you haven’t started online banking, then do it today. It’s easy, it’s hassle-free, and it saves time.

Check out America's Best Bookkeepers 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. Check out America's Best Bookkeepers
Startup Business - Complete Controller

Every startup business requires capital to fund the initial set up and operational needs. These needs include funding for product development, acquiring new inventory and equipment, and initial rollout efforts to pay your employees or fund general operations. Entrepreneurs need to know how to utilize and manage their business finances to run their new business smoothly.

Raising capital for a startup business can be challenging but not impossible. There are several ways to acquire startup capital, but they aren’t all necessarily reliable. If you have the perfect business idea but lack enough funds to start the business, it doesn’t necessarily mean you have to abandon the business idea. There are several funding options you can opt to make your business a successful one.

The first thing you should do is develop a reliable and thorough business plan and figure out the finances needed to start and operate your new business. Once you have a clear idea of the costs to start and operate your business, you can look for ways to finance your business. Here are five smart ways to fund your startup business that is tried and true. Check out America's Best Bookkeepers

Fund the Business Yourself

Today it is estimated that over 90% of startups are self-funded. This type of funding is known as bootstrapping. Unless you have a windfall or substantial savings, this option can take time as it takes a long time to save a large sum of money. The major advantage of financing your business yourself is that you would not be required to give up any control of your business or its equity.

Pitch to Friends and Family

Once you have a solid business plan, you should develop a presentation to pitch your business idea in front of your family and friends. If they don’t believe in you, then do not expect that outsiders will support your idea. Outside of self-funding, friends or family buy-in is the second most common way that small business owners obtain capital to start their business.

Business Grants

Business grants are government or privately given funds that are completely free with no expectation of return or payback. Grants typically require your business plan, but you are expected to submit to a long application process. If you don’t need the money immediately to get started, these grants can come months after startup. Check out America's Best Bookkeepers

Angel Investors

Angel investors are similar to venture capitalists. Angel investors are generally wealthy individuals or firms with a heart for the startup business and don’t want to be involved in business operations or expect anything in return. This, like the grant, allows you to keep complete control of your business and equity. These can also be difficult or take time to get because angel investors are constant.

Venture Capitalist

While venture capitalists are similar to angel investors in that they invest in small or startup businesses with potential, they differ in that angel investors do not expect any return on their investment. Venture capitalists are in it for the potential business ideas that will give them the greatest possibility for high returns on their investment.

Startup Accelerator

While this is not actual startup or operational capital, startup acceleration offers free business and financial consulting, free office or business space, or other startup business needs such as equipment and materials. These free essentials for a startup business will help the business get started until they can fund their revenue. Check out America's Best Bookkeepers

Strategic Customer Partnership

Strategic customer partnership is when a customer or business that will use your goods or services funds your startup to start production and initial operations. Essentially they are prepaying for future products and services they will receive. These partners will hold no other control or equity in your business.

Trade Equity

Trade equity is just as it sounds. This is where you trade goods or services for essential startup goods and services. This type of trading has been a recognized way to start and operate a business. Bartering business needs with others who need what you have to offer or your skills can go a long way in getting the business up and running.

Small Business Loans

While many small business owners often go to this stream of startup capital first, it should be your last choice for several reasons. Getting a business loan approved in itself is a long process; moreover, you need to report to the bank where each penny of that loan will be spent. If you’re a first-time business owner, they might consider your business as a risk element, and in this case, your loan application will not be approved or will carry high-interest rates. This option also starts your business in debt.

Credit Cards

If you have an awesome credit score, then you can use it specifically designed for business use. However, using credit cards is a high-risk factor as non-payment can lead to expensive penalties and super high-interest rates compared to other loan options. This is another option that starts your business in debt and should be a last resort. The biggest advantage is that if you pay the balance off quickly, you can quickly build your new business credit.

Check out America's Best Bookkeepers 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. Check out America's Best Bookkeepers
Facebook Messenger - Complete Controller

In this article, you will learn how to use Facebook Messenger, the chat feature on the site, to increase your business’ sales. You will also be presented with the steps you must take to use Messenger as a channel to grow your customer base without an online marketing consultant’s assistance. Check out America's Best Bookkeepers

Social networks as sales channels

Today, Facebook Messenger has become an essential channel for communication between people. In fact, it has become a platform for automatic robots employed by companies to advertise their business and products. In this way, if someone enters the pop-up window and asks something, automatic responses are generated that are programmed through utilities that we will discuss later. The main objective of this “bot” is to improve your business’ sales.

In this article, we will discuss the following details that are part of effective Messenger management in order to grow awareness of your brand. Some of our talking points will include:

  • How to use Messenger to get more customers.
  • Messenger chat and customer satisfaction.
  • What is a “bot,” what is it for, where to install it, and what are its’ functionalities?
  • Tools to create a “bot” and how to measure the results it provides. Check out America's Best Bookkeepers

Get More Customers

Facebook is an extremely popular social network platform that can be utilized by your brand in order to generate more business for your company.

Facebook Messenger facilitates increasing sales by building a relationship with users. When it comes to your followers and your fans, communicating with them regularly allows you to attract, build loyalty, and convert more consumers into long-term customers.

Customer Satisfaction

Facebook is the virtual platform to grow your client base because customers can refer their friends and family to your page. There they can learn about your business while being assured by the recommendations of their social circles.

The platform serves as a channel to interact with consumers, thus humanizing your brand. Moreover, with more consumers using social media to conduct their business, capitalizing on this opportunity is essential.  

As a business owner, it is up to you to make your business stand out. Most experts believe that the best way to use social media platforms is to make your strategies customer-centric. This way, business owners can learn how their customer thinks and feels in order to devise their future strategies accordingly.

Everything you Must Know About a Bot Check out America's Best Bookkeepers

What is the Facebook bot?

A bot is a systematized program that combines several automatic tasks effectively in order to interact with users and give them more information about your brand. These bots can also be an effective solution to keep your consumers engaged.

Remember, every customer counts! So, if you want to expand your target market worldwide, employing a Facebook bot is an efficient way of doing so!

Advantages of using the Facebook bot?

With a bot, your customer service will improve remarkably. Through personalized interactions, you can retain more customers by ensuring they are satisfied and happy due to an open and direct communication channel. By having the knowledge of what your customers need and providing them with viable solutions to any issues, your website’s traffic will increase.

Where to install the Facebook bot?

You can install a Facebook bot directly onto your web page. This way, even if the client leaves the site, you can still contact them because you are already connected.

Also, by customizing the welcome message, your approach to customers will be more deliberate. This concrete strategy will allow your company to feel more connected with the end customer.

Functionalities of a bot

An important functionality that accompanies the chat on Facebook is to introduce ads. This will allow you to promote more products and services than costly campaigns. When you insert ads into a chat, you can personally reach a larger number of customers and generate more purchases.

All in all, Facebook is a social media platform that is continuously growing in the contemporary era. Moreover, ever since its affiliation with WhatsApp, more customers can be reached cost-effectively. Not to mention that it is now part of a bigger game: mobile-centric marketing.

As business owners desire to expand their horizons in this fast-paced business world, social media platforms can be a driving force for success.

Check out America's Best Bookkeepers 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. Check out America's Best Bookkeepers