admin, Author at Oojeema

15Dec 2017 by admin

4 Simple Ways To Avoid Fake Invoice Scam

In case you haven’t heard about it, there is a fake invoice scam that has been circulating targeting business owners. These scams may be an attempt to fool you or your employees to pay for products or services you haven’t really availed or may not even exist at all. It's similar to smishing, but the fake invoice scam is usually sent via email.Other times, these scams require you to download and install a file that contains malware. This malware is created to steal your private information, usually related to banking.How does the fake invoice scam work?There are different versions of this scam but, by and large, you’re sent a legit-looking invoice that has a subject looking like this:[caption id="attachment_28124" align="aligncenter" width="620"] Credit: Telegraph UK[/caption]Sometimes, it may be labeled “past due”…

10Aug 2017 by admin

Technology In Small Businesses: 4 Tools You Could Be Using Wrong

For SMEs

Let’s take a step back and check just how much technology has changed the lives of regular people. From ride-hailing to instant messaging, a whole lot of work can be done through countless apps available on the web and mobile. In today’s evolving world, the importance of technology in small businesses is being emphasized more and more each day. Keeping up to date with the digital world is required for any business, especially those that are just starting to take off. Technology is a powerful tool that can propel a team to greatness; any company would do well to use this knowledge. However, we have seen countless businesses that use tools in the wrong way. Here are some of them. 4 Misused Technology in Small Businesses Instant Communication Tools They…

08Aug 2017 by admin

3 Underappreciated Advantages Of Technology In Accounting

For Accountants

We are all aware that there are several advantages of technology in accounting. There is the fact that it automates most of the manual tasks such as reminding clients of unpaid invoices, preparing tax reports, and calculating tax rates and discounts. In this article, however, we would like to highlight three benefits of technology in accounting that not everyone appreciates. Hence, these individuals are still sitting on the fence on jumping on the accounting software bandwagon. They think their current method is enough to complete their tasks. If you are one of them, this article is for you. Overlooked advantages of technology in accounting 1. Accuracy You've been working all afternoon looking at numbers and performing computations. Hour after hour, going back and forth on your calculator and making sure…

01Aug 2017 by admin

Little Known (Free) Marketing Strategies for Startups

Business Tips, For SMEs

When a product is nearing its completion, start-ups begin to map out their next moves. One of which is promoting the business. While bigger corporations tend to outsource marketing to specialized companies, most start-ups don't have the finances to do the same. Thankfully, in today's highly digital era, there are a lot of marketing strategies for startups you can do for free. You only need to manage the resources you have to effectively promote your products and services. Here are some of them. 5 marketing strategies for startups Email marketing Email marketing has been around for a long time, and with good reason: it's an effective way to promote without shelling out the big bucks. Customers often check their emails during their downtimes, so it's likely that they have time…

31Jul 2017 by admin

Do you know the top challenges for accounting firms?

For Accountants

Of course, accounting firms, like all other businesses, are confronted with challenges. However, to solve any problem, you need to be able to define specifically what the problem is before you can find out how to deal with them. To help you with identifying these problems, let us look into the top business challenges for accounting firms. Top challenges for accounting firms The first challenge is attracting and developing new business. Research reveals that 70% recognize this as the primary challenge for accounting firms. Finding new clients appear to be an increasing concern for firms in the industry as international competition mounts. So as not to be hampered by such obstacles, you should be able to set objectives which will allow your accounting firm to grow organically. Another challenge…

27Jul 2017 by admin

Accounting for Startups: 5 Mistakes You Could Be Doing

For SMEs

It's no secret that more and more startup companies are cropping up these days, catering to a wide range of industries. These startups all share the same dream: to build a product that makes people's lives better - with a bonus of gaining some profit! However, as with all new businesses, challenges arise as the start-up pioneers build their corporation. Since some teams come from a purely technical background, one major challenge is the financial aspect of running their company. So in this series of accounting for startups, we've listed the top five mistakes most newly established businesses make and how you can prevent your team from being thrown into financial chaos. Accounting issues and their solutions Accounting as an Afterthought The first thing that startups should know is that…

25Jul 2017 by admin

What You Should Know About Being A Modern Accountant

For Accountants

Accountants like ourselves are in a different position than where we were about ten years ago. The opportunities for accountants back then are so much different than they are today. Back then, we worked within the confines of our own world that was full of numbers. We calculated figures, made financial forecasts, checked the incoming revenues versus outgoing expenditures, and overall, we had to be sure that the company’s bottom line was safe. It was our job to tell our bosses and managers that this department was making money, or that the company overall had to cut down on unnecessary costs if it was to enter a healthy fiscal year. And then back we went to our respective cubicles, jotting down figures and numbers, and keeping the company’s most confidential…

16Jul 2017 by admin

How Oojeema Can Simplify Accounting

For Accountants, For SMEs

Bookkeeping is never an easy task. There are several chores you have to accomplish mostly on a daily basis. (Add to that the challenges in the workplace you have to face!) There’s the billing for goods, recording receipts from customers, verifying invoices, and many others. Whether you are a private practitioner or a part of an accounting firm, the process of recording and tracking financial records for your client is indeed a feat. So you ask, is there really a way to simplify accounting? But before that, let's see the challenges the traditional system has. The problem with manual accounting Keeping track of the company’s finances through the traditional ledgers or the semi-modern spreadsheets has been the practice of many businesses. While this practice can do the job alright, it…

05Jul 2017 by admin

Millennials in the workplace: how it affects the accounting system

For SMEs

The millennials are those born between 1981 to 1997 and are considered the largest generation in the United States workforce today. They create a huge impact on how business and workplaces are managed today. Since they reach millions, the millennials in the workplace are subjects of study to fully understand their common traits, characteristics, behaviors, and attitudes toward work. How they are managed matters a lot in today’s workplaces. Traits of millennials Special They have always been treated as special and important. When they achieve something, they want to be praised and be given positive feedback. Sheltered They grew conscious about safety measures. Confident They are motivated, goal-oriented, and confident in themselves and the future. They see themselves to be great and they brag about their generation's power and potential. They are…

25Jun 2017 by admin

Best Practices of Startup Companies: 6 Ways to Succeed

For SMEs

What we see today in businesses reflect a huge demand for mobility and flexibility. Processes like communication, production, and general office procedures are increasingly automated. Top companies had already been doing the best practices of startup companies, and more players are willing to join in the game. This challenge motivates a lot of startups to take on the challenge of innovating products and services that deliver better functionality for investing businesses. It is everyone's game.There is no telling that one startup today can be the next salesforce in the field of business. The secret is, there is no secret! Best practices of startup companies Let your product speak for itself Convenience at anyone’s fingertips is what people are looking for these days. A startup must not forget that its product…

Author: admin