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Undoubtedly, majority of small and medium business establishments, have already been affected greatly by the coronavirus pandemic. Perhaps the most overwhelming challenge businesses are struggling with right now is managing their team, allotting work or even oversee accounting and compliance, however, those companies which have opted for a cloud based solutions, are faring well.

As community quarantine are gradually lifted, social distancing and staying at home is still the best solution to contain this deadly virus, but, all businesses — big or small, are having a hard time to run smoothly. And this situation greatly affects world economies and billions of dollars have already been lost as markets are falling down.

Difficulty of businesses
Businesses are in a difficult situation; they have to balance between the safety of their workforce, and at the same time they need to be updated in their accounting and compliance. But, a good business leader is the one who can navigate successfully during this adverse twists and turns and those who opted for a cloud based accounting solutions like Quickbooks are doing well.

By opting for the Quickbooks cloud based accounting software, small and medium sized businesses can counter the inconveniences brought about by this uncontrolled event. They just need to establish a stable way of communication, delegation and monitoring of work transactions and also ensure the safety of their employees by allowing the work from home setup. Thus, in this time of pandemic, small and medium sized businesses can still keep track of their business finances and transactions normally.

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Benefits of cloud based accounting software and applications
Cloud based accounting software like Quickbooks is a convenient tool hosted by a service provider. This reduce the problem of installation and maintenance of software and it has a lot of benefits for all companies.

Accessibility: viewing and accessing your data, tracking your inventory, expenses, sales, etc. anytime and from anywhere. This make it possible for you and anyone with authorization to view your real-time data and access everything without any problem. In a scenario like this, when COVID-19 has created havoc and your employees are home bound for months, this technology will surely help you keep all accounting and compliance related matters updated.

Work Smarter and Faster: Bookkeeping is one of most routinary, monotonous and tiring accounting tasks and those who were tasked with the job easily got fed up with everyday billing, invoicing, and transaction reconciliations. Automated accounting software such as Quickbooks gives relief from all these and also ensures that it is done with perfect accuracy. Small and medium sized businesses who do not wish to spend on maintaining a Bookkeeper will find this smart cloud based accounting software helpful. The application of such software will free you from all accounting and compliance liabilities and will give you more time and energy on crucial business matters.

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Trouble Free Data Storage & Backup: Biggest benefit derived from Quickbooks automated cloud based accounting software is that you are freed from all the problems of storing and backing-up data. Small and medium sized businesses that have decided to move or have migrated of utilizing the cloud based accounting software are not impacted by this pandemic even when their employees are staying at home and they are also able to run smoothly and make strategies as to how to weather the storm in these tough times.

Secured Data: As the Quickbooks cloud based accounting software gives you unique role based access control, there is no need to fret over data leek or privacy breach. The AI-aided smart business technology further simplify business compliance.

Conclusion
Pandemic crisis like this or natural disasters or, medical emergencies, are situations that can happen and affect a business without any warning, that can lead to a catastrophic upheaval in their future plans. Thus, the best and smart move is to embrace technology disruptions at the earliest possible time and be future ready.

Don’t be left out, act fast, now is the best time to move, adopt and avail of the Quickbooks cloud based accounting software.

For your transition, migration, and consultation about cloud based accounting, please send email to dmmbiz@yahoo.com. For faster transactions, you may call us at (02) 7-6226608 / (02) 7-6256899.

Or you may contact us here..

In the event of a pandemic like the coronavirus, there’s a lot of uncertainty—especially in the workplace. You might not know how to keep your employees and customers safe and your business afloat yet.

First, don’t panic. Panic creates fear, and fear results in rash decisions. Keep a close eye on Health Department and World Health Organization websites for real-time updates, developments, and recommendations.

Then develop a task force—one person or a team of employees dedicated to tracking the progression of the disease and keeping workers safe. The task force should monitor the situation closely, communicate updates to employees regularly, and answer any questions workers might have. They should give details when you expect employees to stay home, any travel precautions they must take, and who to talk to if they have questions or concerns.

Once you’ve taken a few deep breaths and organized your task force, turn your focus to prevention.

3 ways to minimize financial hardship

1. Have a backup plan for operations

For many businesses, the coronavirus is impacting revenue. Tourists and travelers are canceling trips. On a global scale, millions of employees are being asked to work from home, restrict their public access, and avoid contact with other people. For businesses that rely on foot traffic, storefronts, or face-to-face interactions, these restrictions are also restricting cash flow.

  • Build a business continuity plan: This type of plan helps you document how your business will weather the pandemic and any operational disruptions you might encounter.
  • Prepare for operational disruptions: If you or your employees get sick and need to self-isolate for at least two weeks, you need to have a business strategy. Create a chain of command among team members to keep business moving forward without you or integral members of your staff.
  • Build a supply continuity plan: Businesses relying on imported products could experience major disruptions for some time. Plan for the possibility of delays on distribution and look into whether you can source products or materials from unaffected places. If that’s not an option, find creative ways to mitigate the damage.

2. Embrace e-commerce

There’s no time like the present to embrace e-commerce. If you sell products, now is the time to ramp up your online presence. Consider running special online-only offers to drive more customers to your virtual storefront. If you’re a service-based business, offering e-gift cards is a great way to keep revenue flowing in and customers on call. If you run a restaurant, consider offering delivery services.

If your business hasn’t yet tapped the online market, look into online marketplaces like Etsy, Amazon, or eBay to quickly and easily launch and sell your products. Tap into local markets using Facebook Marketplace, NextDoor, or even Craigslist. Above all, choose the online marketplace that makes the most sense for your products and services, will give you the best return on your dollar, and draw the largest crowd.

If you’re already online or ready to launch your e-commerce website, there are a few things to keep in mind.

  • Think about how your customers will find you on search engines. If you’re rusty on best SEO practices, now is a good time to brush up. Use keyword tools to help you optimize your page, and focus on providing valuable content.
  • Set up and use Google Analytics to see who’s viewing your website, which pages they’re spending the most time on, and how long they’re staying on your site. Use that info to better understand your customers and the products they’re most interested in.
  • Leverage social media and digital marketing to drive traffic and create buzz around your brand. Focus on the social media platforms your customers use the most. Use social tools like Buffer or HootSuite to manage your accounts and automate your social marketing.
  • Use online advertising to target new customers who are most likely to purchase your products or services. Google Ads and paid social media ads drive new leads to your site while allowing you to set your own budget.

3. Communicate with your customers

It’s critical to communicate openly with your customers during this time. Keep them in the loop on the status of your operations. Then share with them the preventive measures you’ve implemented and how they’ll be protected when they visit your business or purchase your products. Assure your customers that you’ve done all you can to keep business moving forward, but alert them to any potential complications or delays early on.

  • Work with your team to develop consistent messaging and assign official spokespeople.
  • Stay in touch with your customers regularly and give them an easy way to ask questions or voice concerns.
  • Don’t answer questions you don’t have answers for, and consult a legal team when necessary.
  • Use the right tools to communicate with your audience. Some options include calling, texting, email, direct mail, website updates, and social media. Choose the communication system that makes sense for your customers.

5 ways to practice comprehensive prevention

1. Restrict non-essential business travel

Airports and other crowded locations can increase your risk of exposure to the coronavirus. There may be other travelers who have been exposed and now carry the virus without knowing it. Remember, the virus can live for nine days on a surface. Play it safe by restricting all non-essential business travel. Exposure aside, you run the risk of employees getting quarantined in another state or country.

2. Take extra precautions with travelers returning home

Travelers returning home should abide by the government’s after-travel health precautions. These precautions are especially important for travelers returning from high-risk countries like US, Europe, China, Iran, Italy, and South Korea.

But all returning travelers should consider following these recommendations:

  • Stay home for a minimum of 14 days.
  • Take your temperature two times a day and monitor for fever. If your temperature reaches 100.4 degrees (38 degrees Celsius) or higher, or you experience cough or trouble breathing, seek medical care immediately.
  • Avoid contact with others.
  • Do not take public transportation, taxis, or ride-shares.
  • Avoid crowded places and limit activities in public.
  • Keep your distance—about 6 feet (2 meters).

3. Rethink events and large gatherings

For many business owners, trade shows, craft fairs, and events make up a major part of their annual revenue.

But when it comes to large gatherings of people, the government is clear: It’s not a good idea.

For that reason, major corporations have already canceled highly anticipated annual events. And many small business owners are following suit—and following the DOH official recommendations.

For events planned in March, April, or early May, consider canceling the in-person portion. Focus instead on creating a fulfilling, value-packed virtual experience for attendees.

4. Consider asking employees to work from home

Within the first few weeks of the coronavirus outbreak, employees said they had been granted the ability to work from home, according to QuickBooks’ survey.

If the nature of your business allows employees to work remotely, consider asking them to work from home. Just make sure employees have the right tools and equipment to work effectively. This includes access to instant messaging apps, video conferencing tools, and reliable internet access. For many workers, equipment needed includes a laptop, computer monitor, keyboard, and mouse.

Make sure your employees have plenty of guidance when it comes to setting up their home office. Create a checklist that details what they’ll need, how they’ll get it, and who they can call if they need technical support.

The government recommends making sure you have the right information technology and infrastructure needed to support employees working from home. If your team isn’t familiar with remote work, make sure you have taken the right precautions to keep your business data safe. Precautions include:

  • Avoiding public network.
  • Working in a private space and being mindful about confidential information.
  • Using a privacy screen for your laptop.
  • Working from home, not a co-working space or coffee shop.

Finally, set clear expectations for all employees when working from home. Remind them that they still need to be available during regular business hours and participate in meetings. If working from home isn’t an option, establish flexible hours to decrease the time workers spend in large groups.

5 steps for basic prevention

1. Wash your hands

The coronavirus travels on droplets of mucus or saliva, most likely from a cough or a sneeze, and enters through your eyes, nose, or mouth. DOH recommends washing your hands with soap and water for at least 20 seconds at regular intervals throughout the day, especially after you’ve been in public. In addition to that:

  • Avoid touching your face, even with clean hands.
  • Cover your nose and mouth when you cough or sneeze, and wash your hands immediately.
  • If soap and water aren’t available, use a hand sanitizer that contains at least 60% alcohol.
  • Post hand-washing reminders and instructions throughout your workplace as a reminder for employees.

2. Disinfect surfaces often

Viruses can live on metal, glass, or plastic surfaces for up to nine days. A person who touches that surface could become infected or carry the virus to another surface. DOH recommends disinfecting your working and living spaces daily, using disinfectant. Common surfaces include tables, desks, doorknobs, light switches, phones, and keyboards.

Consider providing the necessary supplies, like hand sanitizer and disinfectant wipes, for your employees. Not only are workers more likely to use the supplies on hand, but you can also ensure they’re using the right products.

3. Keep a safe distance

Maintain a 3- to 6-foot (1-2 meter) distance between yourself and others, especially if they’ve exhibited signs of being sick. The Health Department recommends avoiding close contact with anyone if the coronavirus is spreading in your community. This is especially important for those who are at higher risk of getting sick.

4. Send sick employees home right away

It’s always better to be safe than sorry. If an employee is coughing, blowing their nose, or sneezing, it’s wise to send them home. Do this even if you’re not sure they’ve been exposed to the coronavirus.

In fact, now is a good time to review your sick leave policies with your employees. DOH recommends ensuring that your sick leave policies are flexible and consistent with public health guidance. If employees get sick, they need to know they can stay home without fear of retaliation.

After all, even since hearing about the outbreak, according to a survey conducted by QuickBooks. These employees said they didn’t have enough sick time, and they were worried about their job security. When it comes to keeping your team healthy, these concerns should not be part of the equation.

5. Get a good night’s sleep

It’s possible that the threat of the coronavirus is keeping you up at night. But getting a good night’s sleep is vital for your mental and physical health. It’s also essential for keeping your immune system strong to fight against viruses.

DOH suggests that adults get at least seven hours of sleep a night.

This content is for information purposes only, and information provided should not be considered legal, accounting or tax advice, or a substitute for obtaining such advice specific to your business. Additional information and exceptions may apply. No assurance is given that the information is comprehensive in its coverage or that it is suitable in dealing with a customer’s particular situation.

Source: Intuit Inc.

QuickBooks training here in the Philippines is probably the best investment you can have in your pursuit for that accounting knowledge that not everyone have been able to get. Accounting is a crucial part of any business, and having the right Quickbooks training will give you the full potential to track, manage and forecast your business finances in the right direction. Our Quickbooks Training courses, are unique and specifically tailored to your business and situation thus taking our basic to advance course will prepare you for that complicated accounting tasks by having the full understanding of the Quickbooks Accounting software.

Quickbooks Instructors / Tutors

Our Quickbooks Instructors / Tutors are considered one of the best in the operation and maintenance of the Quickbooks Accounting software. They also have a wide experience in the field of accounting and bookkeeping industry. So, by taking our Quickbooks training classes, located in Mandaluyong, you are assured of having the best quality information and knowledge for your specific industry. Letting yourself get behind on your QuickBooks training classes, it can do more than just set you back. Our Quickbooks training will not only help you keep up with the accounting software, but it will also allow you to customize it better to fit your situation. Thus, by keeping up with our QuickBooks training courses, you can spend less time struggling with the software and more time focusing on your business goals.

Useful Insight

By utilizing QuickBooks Accounting software, you can actually give your business some useful insight. Becoming familiar with the software, you can easily and systematically generate reports . These reports  will give you insights on where your business has been and where it is going. Knowing your company status is very crucial when it comes to making business decisions. Business data and reports can help you attain the knowledge you need to make the right choices for your business. By registering in our QuickBooks training classes, you can gain the knowledge to utilize the software’s tools and create some useful business insights.

Quickbooks Training Benefits

  • Gain the confidence to use QuickBooks Accounting software by understanding how it works, familiarize with the software’s interface, functions, shortcuts, and features.
  • Properly set up a company database in QuickBooks including, Chart of Accounts, Vendors Database, Customers Database, Inventory List, Financial Statements, and source documents.
  • Record transactions and generate reports like Balance Sheet, Income Statement, Cash Flow Statement, and Statement of Changes in Equity.
  • Be more engaged/hands-on the business, relying expertly on your financial statements.
  • Expertly detect and resolve errors in QuickBooks software.

For more information about our quickbooks training schedules, please send email to dmmbiz@yahoo.com. For faster transactions, you may call us at (02) 7-6226608 / (02) 7-6256899.

Or you may contact us here..

Top 5 Reasons Why You Should Use Quickbooks For Your Business

Using QuickBooks for your business has a lot of benefits. It has been the go-to accounting software for small to medium sized businesses. With a more than 80% of market share, Quickbooks leads the pack when it comes to small to medium accounting software program. Quickbooks is an accounting software developed by Intuit. It provides an easy-to-use interface for small businesses to take care of their business accounting needs. Here are the five (5) reasons why you should be using QuickBooks for your business.

  1. Quickbooks is user friendly
    QuickBooks has a very good, user-friendly interface and the design doesn’t typically require a lot of knowledge to get started. The workflow located at the homepage are very easy to follow. You can either follow the instructions provided by QuickBooks, or you can hire a QuickBooks Consultant / Trainor to help you get started. You can customize QuickBooks to work the way you want and no matter what industry you’re in, whether you are a contractor, retailer, health care professionals, and non-profit organizations and so on..
  2. QuickBooks is compatible with other software
    QuickBooks can be easily synced with other applications such as POS, Logistics, Outlook, Excel and so on. This can be very helpful because it decreases the time you would need to spend on uploading data across different applications. It also minimizes the risk of having to upload incorrect data.
  3. QuickBooks is affordable
    You save money because QuickBooks is so affordable compared to other accounting software such as Great Plains, SAP and so on. So, whether you’re operating a small company or a bigger one, QuickBooks will get the job done for a few hundred bucks a year making it one of the biggest bargains in business.
  4. Generating reports is quick and easy
    There are many features throughout QuickBooks that allows you to quickly and easily generate reports with the information you need, so you always know where your business stands. You will have a better financial information that can help you make a more informed business decisions. And you will also spend more time on activities that will grow your business.
  5. Quickbooks can help in your business plans
    Your company can use QuickBooks to design a business plan that will help you secure a line of credit or business loan for your future business plans. QuickBooks can create a projected balance sheet, profit and loss statement and statement of cash flows in the format that is accepted by most of the financial institutions.

There are far more than five reasons why you should use QuickBooks for your business. You will save a lot of your time by using QuickBooks accounting system into your business. You can have a peace of mind knowing that QuickBooks is a stable, reliable and proven product.

For more information about our quickbooks products, please send email to dmmbiz@yahoo.com. For faster transactions, you may call us at (02) 7-6226608 / (02) 7-6256899.

Or you may contact us here..

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