4 Gifts Every Business Owner Wants For Christmas

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4 Gifts Every Business Owner Wants For Christmas

The days until Christmas are rapidly counting down. Have you thought about what to get for the busy entrepreneur or business owner in your life?

So what does a time poor, driven person need? They need something that will make their life easier. Or, maybe it’s you! Are you are dreaming of presents from Santa that will take all of your cares away? Feel free to share a link to this post with your friends and family. (Hint, hint) Go on, treat yourself!

  1. Peace of Mind with Payroll and Staffing –

This may seem like an impossible fantasy, but with modern cloud-based accounting tools, this is more achievable than ever. Every business owner knows that the ‘silly season’ can quickly become the ‘stressful season’ without careful planning with their staffing. It is important that extra work equates to making more money. One way to achieve this is by keeping on top of accurate accounting for payroll.

We recommend going paperless with employee onboarding for new and casual staff during the holiday period. Ento is a cloudless employee fostering and onboarding system.

Each new hire has the ability to join the team with a digital onboarding experience. It is optimised for mobile so employees can get themselves sorted on a smartphone or tablet. This allows each staff member to become part of your workforce in a way that suits them. This is a gift that any business owner would love to see under their tree at Christmas.

Another way to put a smile on a business owner’s face is getting rid of clunky spreadsheets when scheduling staff. This means less employee phone calls to check the roster or miscommunications in between updates on the document.

Tanda is a rostering and time management app that allows for all of this and more! Tanda is cloud-based, real-time and connects to your point of sale system to capture all your staff’s logged hours. Any registered staff member can clock on and off from any POS terminal. This creates consistency in reporting and all staff are accountable for their hours.

During the holiday rush predicting how many staff to roster per shift can be difficult. In this respect, Tanda is the gift that keeps on giving. Much like Santa, Tanda is always watching! It uses algorithms to predict schedules. This software also has seamless payroll integration, so when it comes time to pay staff, this is one more step a business owner doesn’t have to worry about.

  1. An Online Accounting Subscription

If the business owner you are buying for has been extra good, a subscription to an online accounting system such as Xero, Myob or Quickbooks is the icing on the Christmas cake. Using a cloud-based accounting system that allows for quick reporting, seamless payroll, and budgeting information.

The accounting solutions mentioned above are all great options. If you have questions, it is best to speak with one of Santa’s little helpers, a trusted accountant. If you have any questions we are always happy to help.

  1. A Great Point Of Sale System

A point of sale system is a seamless combination of software and hardware that gives businesses the ability to make transactions and simplify key day-to-day business operations. ‘Simplify’ is the key word in that statement. All business owners smile when they know exactly how much they are selling of particular products or service when they are being sold and what their margins are.

A good point of sale system can help them do that and more! Square is a popular solution on many Christmas lists this year. The free Square Point of Sale app has tools to help good little boys and girls manage sales reports, send receipts via email or text message, integrate with Quickbooks or Xero and manage inventory in real time.

Vend is a homegrown POS solution that is also popular under the tree this year. This app works on iPad, Mac or PC, works offline, can easily add a discount or notes for staff use and provide history on laybys and account sales. Stay off Santa’s naughty list and this could be under your tree this year.

  1. Coffee

Every business owner knows that passion is what drives them and gets them through the ups and downs of business. And the, when passion wears thin, next in line, is coffee. Because Santa loves people who love the environment we recommend getting your favourite business owner a KeepCup or Frank Green reusable cup to keep them fuelled and the environment clean.

And if you or your business owner has been exceptionally good this year you might consider signing them up for a coffee delivery service to ensure they never run out of that dark brown elixir of life.

Start Next Year In The Black

We wish you a Christmas that puts your business in the black. If you or your favourite entrepreneur want to make the most of the holiday season it might be best to invest now. Christmas can come early.

 


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Stay On Top Of Your Books In The Hospitality And Retail Sectors

Anybody who owns or manages a hospitality or retail business knows how hard it is to stay on top of things like staffing, stock and payment systems — you’re always so busy just keeping the business ticking over. In the following, we highlight the accounting software tools that are available to lighten your load, keeping your books up-to-date and transparent with very little effort on your part.

Accounting Software

The most common issue we encounter with hospitality and retail clients is that there is very little reporting on stock, staff, and profit and loss statements. Rather, business owners and managers in these sectors tend to look at their bank account, and that’s it. This means there is a lack of management of cash flow, which can lead to big issues at tax time, not to mention running out of stock or being under-staffed.

The solution to the above is as easy as investing in an accounting software system, such as Xero, MYOB or Quickbooks. Each system can generate reports on staffing, stock, and payments, and reconcile your books automatically. These systems allow small businesses to keep up-to-date with what’s coming in and going out in real time, giving owners and managers the ability to make informed decisions about staff, stock, and expenditure.

Payment Systems

On top of the above accounting software, there is a range of plugins available that provide specialised oversight and automation of separate aspects of the retail and hospitality sector.

One such plugin is Tyro, which we highly recommend for payments, due to its simplicity and competitive pricing and its ability to integrate with your payment system.

Tyro provides both hospitality and retail businesses with tailored and flexible solutions that recognise the specific needs and variations of each sector. For example, Tyro caters for everything from cafes to bars, to accommodation and retail liquor outlets within the hospitality industry. In terms of retail, Tyro is flexible enough to provide payment solutions to any kind of business, whether it’s a service such as hairdressing, a food store, or a fashion outlet.

Point of Sale

There are a number of other point of sale (POS) systems on the market, many of which target specific industries. Of these, there are three that we would recommend in particular, given their state-of-the-art features, flexibility and integration capabilities.

For retail businesses, we’d encourage you to take a look at Vend. This solution prides itself on being a comprehensive POS system that combines highly advanced technology with ease-of-use. To give you an idea of Vend’s capabilities, here are just two its standout features:

  • Sign in from anywhere at any time: Vend is based in the cloud, so you can sign in and work from anywhere on the globe, easily accessing your sales data, products and reports, even when you’re on your well-earned holiday!
  • Keep selling when the internet goes down: Vend continues to work even when it’s offline and re-syncs your data as soon as the internet comes back on, so you’re never faced with losing a sale or the uncomfortable situation of having to turn customers away.

For hospitality businesses, there are two POS systems that we think offer excellent features and flexibility for cafes, bars, restaurants, accommodation and all things in between. These are:

  • Kounta: A one-stop shop for everything POS for hospitality businesses, featuring the ability for you to customise the system to your exact needs, down to the most minute detail.
  • Square: Not only was Square one of the first POS systems to accept chip and cardless payments, it comes with the free Square POS App that gives you the tools to run every aspect of your hospitality business through your payment software.

If you have any questions about the software solutions mentioned above please get in touch with us at 360 Accounting. We have worked with small businesses in the hospitality and retail space for years and understand your unique challenges.

Book in for your free consultation today!