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How automation technology will transform accounting in the future.

Accept it or not, automation has been time and again hailed as the bright future that lies ahead of accounting. Even though a generous portion of businesses are still trying to make their peace with this fact yet, they will have to soon implement means that are more sophisticated when it comes to handling their accounts and finances from business accounting software tools. The word “automation” invariably implies that the companies must get over their prevailing practices and switch to recourses that will bear benefits both to the business owners and clients.

Elaborate manual accounting and auditing are now a thing of the past; from endowing the entire responsibility of data analysis on the accountant to requesting him to file tax returns from time to time are left behind in the bygone days. If you delve deeper into the prospects of an accountant working individually sans his tax return filing duty, you would realize how his participation in the welfare and growth of a firm or company cannot be dismissed. With the enhancement and increase of financial domains facilitated by technology, several online accounting software have made their ways into the mainstream practice to improve the overall landscape. Therefore, a modern accountant can now step out of his traditional constrictions and do more than the accounting basics; he can take up the role of a real-time business advisor, guiding the company through safe monetary policies and put their clients forward on the larger map of success. The future of a regular accountant needs to be garnered with the essentials of critical thinking and transparent value judgement based on variables. The skills ensued from these areas will akways remain a priority for companies that are in search of new hires. In the following section, we will be jotting down the chief changes that automation is most likely to bring about in accounting.

Every action will be easy

The biggest advantage of automation technology will inexorably be the ease that it rings in within the rudiments of financing. Considering the ever-swelling influence of technical advancements, most companies are inclining towards technology than human involvement for precision and unambiguous results. With assistance from software like GST-cloud based accounting software, filing taxes and delineating investments and balancing books will not only become easier but, filing reports that are relevant to the business and have effectively brought about major progress will be nothing more than a mere cakewalk.

Web-based software and managers will be trending

Experts predicted that automation and unconventional accounting will be the game changer of finances about ten years ago. There’s no denying that this forecast is inescapably true and currently, these experts are of the opinion that technology will mold the initial shape of everything in its vicinity and eliminate every bit that is standing as a barrier between the way to seamless accounting. Remember those times when almost every string of accounting was at the mercy of your account’s discretion? Even though we cannot wholly disregard this trend but, on some level, the company lagged when compared with the leading competitors. Accounts who are not willing to compromise with the terms will be replaced by the much-talked-about accounting software to accommodate more serious goals.

Unlimited access to cloud computing

The first advantage that is waiting to grace companies and owners on their way of automation is well-synchronized management. The cloud-computing process, as you might all know, creates a common platform to share data from both the concerned computer and other devices. Thereby, accountants can now complete their tasks from any location and update the shreds of financial information through cloud. With cloud computing, the horrors of losing data because of technical failure or fraudulent activities can be completely submerged. For instance, if your system loses all the crucial pieces of information that had so long been stored in one of the computers of your network, then there’s no need to worry. Subscribing to cloud computing will recover every scrap and reimburse it to your primary computer as and when you need it. Name it amd you will have it; real-time metrics that helps you prepare share cash flows, tax statements and earnings will be showered with innumerable improvements by cloud-computing. Additionally, clients can be attended in a one-on-one manner for unadulterated interaction and strengthened credibility.

The bottom line

Other than the above-mentioned profitable areas, there are a few other elemnets which too can mold the face of accounting in the coming years. The popularity of Artificial Intelligence (AI) and robotics can no longer be veiled under manual efficiency. By combining them, the complexities and repetitions of accounting will be warded off to make room for reduced operating costs, increased productivity and accuracy to the T. Also, how can we not mention the boon that social media platforms are? Firms intending to up their game and engage with their potential customers against a wider backdrop are using social media sites to expand their brand reach. In the 21st century, there’s hardly anyone out there who has kept himself away from social media and this is the area that technology is eyeing to take advantage of. Fortunately, most accounting firms have discovered this opening and have realized the changes that the culmination of social media marketing would pool in the existing ones.

As we have already trodden through the importance of modern accountants welcoming the rapidly evolving accounting technology, let us also acquaint you with its different intricacies. The changes include being up-to-date with the technological trends, adapting and optimizing the nuances of accounting software to cover all the due requirements of the company that the accountant has been appointed by.

Hence, it wouldn’t be completely wrong to assert that automation in the field of accounting will surface themselves as profitable to the physical accountants by injecting the privilege of taking care of crucial business strategies rather than narrowing their focus on calculating numbers.

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How to do effective digital marketing using social media in 2019

HOW TO DO EFFECTIVE DIGITAL MARKETING USING SOCIAL MEDIA IN 2019

We all know how the world is rapidly changing with technological advancement. One of this advancement is the social media industry. Every single person nowadays is on the internet and the world is going social.

Everything is now put in place such that you can do business transactions with someone not even on your continent. That is exactly what is meant when they say the world is a global village. In this generation, if you want a high-level business boom, then you have to go social and take your business online. There are various ways to achieve this.

You should know that to make your social media marketing successful, you need to make it brief, clear and understandable. We have compiled some tips to help you succeed with your digital marketing.

TAKE YOUR BUSINESS ONLINE

If you are ready to begin engaging social media for your marketing, here are some tips to help you do that.

  1. Understand your goals

To make your social media marketing successful, you need to understand your goals yourself. If you do not then nobody will. Take a pen and paper and list out reasons why you want to go for social media marketing. Know the type of products and services you offer for sale. Understanding your goals is your first step towards achieving them.

  1. Understand the internet

After getting a grasp of your product, it’s time to study the internet. The internet consists of various users. Some of which may need your product and others who may not. Take time out and study each division of the net and know where your product would be of high demand. For instance, if you sell coloring books for children and you advertise in a group full of bachelors, demand for that product in that group will definitely be low compared to when you advertise in a group filled with married couples.

So take time out and find where your services would be of high demand.

  1. Get a good graphics designer or become one

There is no way social media marketing would succeed without some simple work of graphics. At first, you need to get your business a logo. And you should also make different jpg banners to post on different sites. In the world of today, people won’t read long articles in the name of patronizing you. They want fancy things and short, brief and straight to the point posts. To get to a wider audience, therefore, you need to get some good work of graphics done. Instead of designing pictures of any kind, make them fancy and beautiful and add nice quotes on them.

  1. Be on the lookout for new social media networks

Yes, you have to move with the multitude. Once there is a new media network, join immediately.  It would probably be best if you have a longer join date when your various customers view your profile. When you join at an earlier date, you have the chances that those who join at a later date would follow you. But if join at a later date, you have a lot of hard work to do to make others notice your presence.

In addition to this, you also have to be on every single social media network. Be informed that all your actions should boil down to taking over the internet presence. If you are all over the internet, they are no way your sales will not experience a boost.

  1. Make use of social media marketing tools

Yes, I know you would be wondering how you are going to manage accounts on the over 50 social media networks out there on the Internet. The good news is that there are certain tools developed to help you. These social media marketing tools allow you to create posts and schedule when and where they should be posted. They are designed to help you manage all your social media accounts no matter their number, all from one place.

  1. Get a website

In this generation of today, for a business to move forward rapidly, one of the major things it will need is a website. Not only do you need a website, but you also need to get traffic to your website. This is one perfect way to get the internet presence you deserve. Design your site to be user-friendly. Let it have a spectacular view for each device your visitors may have such as tablets, computer, and smartphones.

These tips can quickly boost your digital marketing efforts and deliver you results faster than you had anticipated.

 

myBooks Easy Online Accounting Software |Best Cloud Based Small Business Bookkeeping Software

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How and where to get royalty-free images without charges for your small business

HOW AND WHERE TO GET ROYALTY-FREE IMAGES WITHOUT CHARGES FOR YOUR SMALL BUSINESS

Images add spice to life. With images, we tend to understand a particular concept the more. For instance, people tend to grasp the idea of a concept better when they view it using diagrams, pictures, and other images

As a result of this relevance, the place of images in a small business can never be overemphasized. If you are a business owner, you will need images to advertise your products, to upload on your website or blog, to employ in driving home a point and for a huge variety of reasons. Your small business can definitely not do without images.

However, it is advisable to look for how to get images that you don’t need to pay for. This will save you some cost because paying for images will quickly add up and increase the expenses of your small business.

You can easily get royalty-free images online. If you need to know where and how to get such images, then you should read on to find out in our tips.

 HOW TO GET ROYALTY-FREE IMAGES FOR YOUR SMALL BUSINESS

There are various websites where you can get royalty free images. Some may involve attribution and others may not. Also, some of the sites may need you to sign up to access the images.

You can navigate to any of such websites through your online accounting software and this feature makes for easier access.You can also use the Google search engine to get free images. All you have to do is enter a search term in Google Images search, click the Gear icon, then select advanced search, scroll down and use the usage rights drop-down menu to select free to use or share.

This way, you can get the images you want for free! If you follow the first method, there are hundreds of websites where you can get royalty free images from. We have highlighted a few of them in the next section.

Websites to get royalty free images

 These websites that are willing to give you royalty free images include:

  1. Imfree

You can get commercially viable and royalty-free images here. Imfree images require attribution.

  1. Libre Shot

You can find hundreds of creative images for your business. Attribution isn’t required by this website

  1. MorgueFile

This site was started by Michael Connors in 1996 and is one of the oldest free image websites on the internet. All photos can be downloaded and reused by your small business.

  1. Negative Space

You can get Creative Commons photos here with no copyright restrictions. Attribution isn’t required.

  1. Pexels

There are thousands of free stock photos with a Creative Commons license. New high-resolution photos are added each month.

  1. Pixabay

You can get free, high-quality stock photos, vectors and art illustrations for your small business. No attribution is needed.

  1. Rawpixel

A collaborative approach to image sharing, Raw pixels offers a large variety of creative and authentic royalty-free images.

Since a rule of thumb is that each post should have an image attached to it, your small business unarguably needs to step up and get into those free online accounting software available and navigate to sites that provide royalty free images. Alternatively, you can just use our list!

myBooks Easy Online Accounting Software |Best Cloud Based Small Business Bookkeeping Software

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Moving from desktop accounting software to online accounting software

MOVING FROM DESKTOP ACCOUNTING SOFTWARE TO ONLINE ACCOUNTING SOFTWARE

As a small business owner, you will no doubt need extra help with your business accounting. You can choose to use the desktop accounting software or the online accounting software.

Small business owners use desktop accounting software to manage the accounts of their businesses without the necessity of an internet connection. However, this means that, for you to access the software, you need to be seated in front of your computer and not any other device.

But recently, since our world is getting electronically advanced by the day, the online accounting software emerged.The online accounting software, also called the free online accounting software or business accounting software is a platform, with some similar functions as the desktop accounting software but which can be used anywhere, anytime, and on any device with an internet connection.

Perhaps this is enough reason for businesses to change the accounting software they use. Business owners ought to make the move from the desktop accounting software to online accounting software.

 MAKING THE BIG MOVE

The only reason anyone would want to change the kind of accounting software they use is that of the advantages they stand to obtain.

In order to make you understand the ‘goodies’ of the free online accounting software, therefore, we have put together some ideas that show you why you should move from the desktop accounting software to the cloud computing software.

  1. Portability of the software

The online accounting software has the ability to execute its functions properly on multiple devices. This means you can operate the software with any device that has an internet connection. Thus, you can take it along with you anywhere at all. Now, isn’t that awesome? After you have subscribed to a suitable online accounting software like MyBooks, a QuickBooks alternative, you can carry your accounts with you as you move along in your day, unlike the desktop accounting software which requires you to stay glued to your desktop.

  1. Not necessarily need a Power supply to function

While the desktop accounting software requires a stable power supply, with the online accounting software, you only need to have a working battery either on your laptop, on your smartphone or on your tablet. This saves you the stress and the cost of setting up a stable power supply especially if you are in a region where this is a privilege.

  1. Enhances better collaboration with different partners

Multi-user access is available on the free online accounting software programs like MyBooks, a QuickBooks alternative. This means that data stored on the software can, with your authority, be reviewed by an internal team and also by external advisors such as an accountant or a tax specialist thereby improving collaboration with them.

  1. Enables optimal use of time

The ability to easily access financial data, even when traveling, allows you to work smarter and faster. Online accounting software offers a clear view of a company’s financial situation in real-time thereby enabling timely business decisions unlike what is obtainable with the desktop accounting software.

For instance, if a very urgent decision has to be made concerning the finances of the business but you, as the small business owner is in another state, online accounting software allows you to login to your portable device and affect the decision from where you are. This is not possible with the desktop accounting software where you probably have to run back to where your desktop is which may be too late already.

You would agree then that it is a rather preferable decision to move to use the online accounting software.

myBooks Easy Online Accounting Software |Best Cloud Based Small Business Bookkeeping Software

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Why small business owners need cloud accounting software

WHY SMALL BUSINESS OWNERS NEED CLOUD ACCOUNTING SOFTWARE

As fishes are to Fishermen, so are clients to a business. This is why businesses continually strive to keep their customers no matter what. Although reduced patronage happens over time as a result of poor client-business relationship, poor marketing skills, and emails, difficulty in managing the account of the business, poor interaction among clients and other reasons; a cloud accounting software can quickly correct the situation.

But what exactly is cloud accounting software?

To put it succinctly would be to say that cloud accounting is a new way of accessing your business’ accounting information from the web browser without actually installing the software.

Cloud accounting is like the icing on the cake for business owners. It is also called online accounting software and it is so trendy now that if your small business has not begun using it then you need to start now. There are free online accounting softwares that you can use.

Here are some reasons why your small business needs cloud accounting if you need some motivation.

WHY SMALL BUSINESSES NEED CLOUD ACCOUNTING

Are you a small business owner? Then you need the cloud accounting software for your business. Here is why.

  1. It helps you save good time with transactions

Most cloud-based accounting softwares let you create automatic workflows that save you time. For example, you can fill in a staff’s information into the system and set up a workflow that automatically pays that staff on the due date each month instead of wasting time working up numbers and who to pay or when to pay. An example of an online accounting software that does this well is MyBooks, a QuickBooks alternative. So, you save quality time with Cloud accounting.

       2. Makes partnering with your accountant easy

If you are the type that doesn’t like compiling financial reports for your accountant, using a cloud accounting software is a good option for you. Because the software and all of your financial information and accounting records are hosted in the cloud, they can be accessed from anywhere and you can set up an access for your accountant so that they can log into the software as at when needed.

  3.It doesn’t necessarily need installation

Anyone with a working internet connection can safely use the cloud accounting software. You can conduct your transactions and connect to your bank safely without stress. MyBooks, a QuickBooks alternative has a user-friendly interface and enables you, as a small business owner to enjoy the online accounting software without stress.

       4.It reduces stress

With the business accounting software in place, there are a lot of features that help you as the business owner reduce stress and they are just a tap away.

You can now make transactions for your small business and do various other things with the business accounting software called cloud accounting. With the online accounting software in place, your business life can indeed be stress less! You should get one today!

myBooks Easy Online Accounting Software |Best Cloud Based Small Business Bookkeeping Software

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Zetran Launches iOS Apps for myBooks Business Accounting Software

Zetran Launches iOS Apps for myBooks Business accounting software on mid of November 2018.

User can now work anytime ,anywhere using our mobile apps from their finger clicks.

User can access iOS myBooks business accounting software application using the below link.

iOS Store Link : https://itunes.apple.com/us/app/mybooks-accounting-software/id1440504279?ls=1&mt=8

For more details : https://www.zetran.com/mybooks