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Why use an Online Accounting Software

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When it comes to running a business in 2019, one of the biggest problems you can have is dealing with your books. Accountancy is not something that many of us enjoy, but it’s something that has to be done. If you are like many other business owners and want to make your life a bit easier, then you should absolutely invest in some online accounting software. How, though, do you go about making use of an online accounting software package that suits your needs?

Online accounting makes it easier to avoid mistakes

The first reason why this is an investment you should make is that you can spend more time doing what you want to do. Why? Because online accounting software more or less removes the chance of mistakes being made. That can lead to you having more time to do what you want to do, instead of spending so much time doing what you don’t want.

If you are serious about making your life a bit easier when running a business, online accounting software makes that possible.

You can get better value for money

The other bonus is that running your accounts through an online software platform will allow you to get some fast answers on what kind of deductions you should be making. With everything stored online, it’s much easier to get advice and to make sure that you can easily access all of your content. This leads to faster solutions, making sure that you can make the most of your money.

Get access whenever you need it

Part of the bonus of using a software package like this, though, is that you can spend more time getting the access that you need, when you need it. This helps to save you valuable time and money trying to get the access that you need to your accounting documents.

Now, trips to your accountant or business assistant will be much easier, as you can easily access all of these vital details.

Remove the stress of filing

Another bonus of using online accountancy tools is that you can make the normal arduous process of filing a bit easier to work through. Now, you will be able to easily upload all of the needed documentation to HMRC when the time comes, saving you valuable time and money. Instead of struggling to upload documents, this takes out much of the work involved in getting it all online in the first place.

Get the help that you need it

Trying to file your books at home means that you are often reliant on your own knowledge of the tax process: that might be more of a risk than it is really worth taking on. If you want to avoid such an issue, then we recommend that you look to get the help that you need as soon as is possible with the help of our online software, complete with a support platform that can give you help with anything you are not sure about.

Can you see why this makes the normally arduous tax filing process a bit easier?

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Finance

Beginner’s Guide to start with stock trading

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Beginner’s Guide to start with stock trading

Many of us struggle to save our money from whatever we earn so that we can lead a nice and bit more than ordinary life. However, saving is a task which takes time and it is often hard to save a fixed amount every month. Rather than thinking of saving a small amount every month, why not think of earning something extra? Stock trading is that one field or market where you can earn a great amount of money in the shortest time. But, it is not as easy as it seems. If you are new to the stock trading, then there are certain things you need to look for to avoid losing for the very first time itself.

Here, we are sharing a beginner’s guide to help you with stock trading:

  1. Keep your funds aside:

The first thing which is also the most important one is to understand that you shouldn’t put all your savings and money in the stock trading. You should always have a fixed monthly amount which you can afford to invest and even if you are not getting it back and losing, it is not impacting you a lot.

  1. Gain some knowledge:

 It is normal that when you will decide to enter the field of trading, there will be many who will suggest many things. Don’t trust people blindly, they may have gained some profit with their ways, but it is not mandatory that it will work for you. So, gather some knowledge and read some materials on stock trading.

  1. Hire a broker:

Accept it or not, but the facts remain the same. No one can excel at stock trading merely by reading some materials and doing it part-time. One needs to get into the field, analyze the market, takes a risk and then he/she can know how the market works. So, avoiding putting your savings at stake all the time and getting certain returns, it is better that you hire a broker.  A broker is aware of all the ups and downs of the market, and he knows on which stock to invest getting you a certain return.

Stock trading is a booming market which is never at rest, but it is not something that everyone can know about. You must know how to deal with many things to deal with the best and the safest way.

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Finance

Helpful Tips for Effective Crowdfunding

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Crowdfunding

Crowdfunding is a process in which a large number of people contribute small amounts of money to raise a large sum. The rudiments of crowdfunding have existed in India for a long time. However, organized and effective online crowdfunding in India came into being in the last decade.

Crowdfunding can help raise money for a lot of things. You can use crowdfunding to raise money for someone’s medical treatment, for social causes and for business ideas. There are four kinds of crowdfunding: donations based crowdfunding, rewards-based crowdfunding, debt crowdfunding, and equity crowdfunding.

Depending on the reason for your crowdfunding campaign and the type of campaign you choose, your strategy for the campaign will differ. Here I have tried to write down some tips for medical, social and business campaigns.

Medical Campaigns

If your fundraising in India project is for medical reasons, there are certain things that you can do:

  1. Find a crowdfunding platform that has experience in dealing with cases of medical crowdfunding. Impact Guru is one platform that does this.
  2. Write a fundraiser which is clear and short explaining why you need to crowdsource your medical treatment. Explain your financial condition and the nature of the illness.
  3. In your fundraiser, you should use text, image and video to explain your situation. Post pictures of medical documents in order to build credibility.
  4. Post a video of the patient delivering a message if they are in a condition to. Otherwise, find a way to talk about the illness yourself.
  5. Use social media and a team to campaign for publicity.

Social change is often possible through crowdfunding. Many NGOs have taken to crowdfunding in order to raise money for their various projects. This has become quite common after the recent government crackdown on foreign funding to NGOs.

  1. Choose a crowdfunding platform experienced with the kind of campaign you want to do.
  2. Write a fundraiser effectively detailing your project and what you want to do.
  3. If you have done projects like this before, provide links and other evidence to them.
  4. Fully use images and videos for your campaign.
  5. Make a campaign video that summarizes the goals of the campaign and post it with links everywhere.
  6. In order to make the campaign video, you can use professional help. This might require money but the returns you get on this will be far more.
  7. Use social media to the highest degree in order to raise money.
  8. Know the people who are likely to donate to your cause. If you are working for child rights, other child rights activists are likely to donate to your cause.

Things differ a little bit for business crowdfunding. Business crowdfunding is done with a profit motive and is very helpful for startups. If you want to raise funds for business crowdfunding, you should be able to write an effective crowdfunding pitch. You could go for equity crowdfunding or for rewards based crowdfunding, if you are not based in India. In India however, equity crowdfunding has been put on hold by SEBI.

  1. Find a website that is willing to host your crowdfunding campaign. Some websites are selective and some are not. Choose the ones you like and then select the one which likes you.
  2. Write a good pitch. Explain exactly what your product is going to be and why you think it has a market.
  3. If you are going for rewards based crowdfunding, explain why your product is unique and better than its competitors.
  4. If you are going for debt crowdfunding, explain clearly why you think you will be willing to return the loan with interest.
  5. Use social media to raise as much money as possible. However, do not exclude conventional forms of communication, when you go into campaign mode.

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