Category Archives for "Helpful Tips"

Aug 20

3 Tips to Start a Business

By zgraft | Helpful Tips , Small Business Management

3 Tips to Start a Business

by Holly Baweja

Make a Business Plan

Developing a complete business plan provides a great way for a new company to create a detailed outline of the fundamental elements of each stage of the creation to their business. This plan will organize and structure the key components as well as setting up the future management and responsibilities of the members of the company. This document should provide a general overview of the finances, competitors, and market that the business is contending with. Within with the plan, devising a market and sales strategy will provide a clear and efficient to best establish the business.

 

Organize Funds and Resources

Determine the amount of funding that will be required to start up your business by calculating the amount of materials and labor needed. Your businesses demands should be prioritized by evaluating the essential functions and determining the necessary amount of funding to implement them. Once the business plan is created, this step will be made easier as much of the fundamental aspects are already recognized. In addition to the written goals, calculating these funds and resources offers an detailed outlook on what will be expected and what weekly, monthly, or annual goals should be set to meet.

 

Plan for the Future

After your needs are determined, create a profit and loss forecast based on market expectations and competitor values in order to set up realistic business goals and determine future funding and expenses. Since these values are all approximations, these should not be examined and treated as a definite cost, but it gives the business owner a general idea of what will be required to maintain their business. Based on the business plan and the funds and resources that are determined in the previous steps, creating a accurate estimate of what is to be expected in the future can be achieved.

 

Ready to get started with your business but need some help?  Give us a call at 616-422-4500 and our team can help your business.  Free consultation!

 

Contact us via e-mail.

Jul 10

Xero Management Report Walk Through

By zgraft | Bookkeeping , Helpful Tips

Xero’s Management Report is a great compilation and summary of the month (or other periods) end reports that most businesses need.

The report includes an executive summary, cash summary, income statement (profit and loss), balance sheet, aged receivables and an aged payables report.  This report can be published within the Xero company file, or exported as a pdf, Excel document, or Google Sheets.

How to generate a Xero Management Report For Your Company

1.From your Xero Dashboard, navigate to the ‘Reports’ tab.  You can see at this time that I do not have it saved as a favorite or starred report.

2.On the reports page, you’ll want to scroll down to the “Accounting” reports section.  You should star this so it shows up in your ‘Reports’ drop down box in the future.

3.When you select Xero’s Management Report, you’ll be taken to a screen with the Executive Summary.

4.This executive summary alone offers a lot of insight into your business’ performance over the last month, compared to the previous month, and you can even have that difference show up in a percentage column.  It’s a really fantastic snapshot of your business.

5.There are several customization options for your report.  For starters, you can choose which month you would like to see a report for using this drop down box. You can also choose which of the 6 reports (executive summary, cash summary, income statement  balance sheet, aged receivables and an aged payables report), and you can also choose to show the previous month’s numbers, it’s ratio compared with the chosen month, or no comparison at all.

6.Once you have made your selections, you have a few options to export the finalized report.  Your options include just publishing it within your company’s Xero file, or you could download it as a .pdf,, Excel spreadsheet, or a Google Sheets file.  You can also choose to edit the cover page, who the preparer was, date, or choose not to have a cover page at all.

I find that the Xero Management Report is a great compilation and other accounting platforms such as Quickbooks Online require you to compile these various reports manually.

Yes! We can help you with your Xero bookkeeping!  Contact us today to get started!

Jul 06

How To Give An Agency Access To Your Facebook Page

By zgraft | Helpful Tips

This is a question we encounter quite a bit, actually.  Most social media and digital marketing agencies will use a Facebook Business Manager account to request access to their client’s Facebook pages.  Unfortunately for clients, they don’t receive a notification and then are unsure of where to approve the administrator request.

Here are a few screen shots to show you how to give an agency access to your Facebook page:

*Please note:  This only works with Facebook fan pages, not with personal Facebook profiles.

Navigate to your Facebook Page’s Settings (located on the top right corner):

On the left, click on Page Roles

You will be able to see three categories.

Click on or scroll down to the ‘Agencies’ section

Here, you can approve or deny agency requests and see current agencies with access to your Facebook Page.

So there you have it!  Again, this is specifically for Facebook fan pages and not personal profiles.  

Looking for someone to manage your Facebook?  Give us a shout at 616-422-4500.  We work with clients all over the United States!