When you first start a business, it’s not that hard to manage everything by yourself. However, an increase in work volume can make it very difficult to manually manage all aspects of your business. Software has become a necessity for any business owner to help manage their day to day operations. This article looks at some of the most important online software that small businesses should have. In order to compete successfully in today’s corporate world, modern companies need to understand the various technologies that can increase their earning capability and reduce the cost of doing business.
Open Source Website Software
By far one of the most important things a business can have these days is a website, it is very difficult to gain clients or customers if nobody can find you. If you still need to get a website set up, there are some excellent deals for new customers with most web hosts. Check out VPSdeals.org to find some amazing deals on web hosting and domains. Once you have your hosting and domain name purchased, you can install an open-source content management system like WordPress or Joomla to build your website on. They make it very easy, and you can’t beat that price!
Small businesses have fewer resources to allocate towards activities like human resource management. Payroll software for small business helps automate many of the often manually performed tasks. The software takes care of time-consuming things like salary calculation, wage management, taxes, etc. Deploying payroll software for small business helps businessmen and women generate detailed reports. Before such programs, it was not possible for small businesses to manually get all these reports. This innovative software allows small businesses to have a better understanding of all human resource requirements. We recommend using a service like QuickBooks online, it’s relatively inexpensive and will make everything run much smoother.
Small businesses must maintain properly updated books of their accounts. Unfortunately, it can be very tedious to simultaneously update a journal entry in every relevant ledger. Manually managing accounts is prone to errors and even fraud. Small businesses need to rely on accounting software in order to make sure that all business transactions are being properly recorded. There’re many web-based accounting solutions available that eradicate the need to manually manage records. Some will even integrate with current systems. Which program will be best for you depends on your business so you will need to do a little bit of research.
Merchant payment processing software
A small business can get a merchant payment account and be set up in no time. However, managing transactions done through a merchant payment processing account isn’t an easy task. Merchant payment processing software helps small businesses manage all transactions done through credit and debit cards. Reliable payment processing software securely sends all payments into the business account. In this days and age, it’s important that small businesses select merchant payment processing software that can also handle online transactions. Again, which one is right for you will depend on your business needs. This article goes over 25 different options, that might seem like a lot but it’s worth spending the time to find the right one for you.
Order tracking software
The business development department helps a company generate more revenue. However, managing business leads effectively needs efficient order tracking. If a company isn’t able to efficiently handle orders, it could see a decreased level of customer satisfaction and subsequent loss of business. Order tracking software can help prioritize and process orders. The software not only helps reduce order backlog but also explores future business opportunities. Also, it can help entrepreneurs better understand and tackle seasonal order variations. Take a look at OrderHive, they are one example of this type of service.
Inventory management software
Inventory management plays a critical role in the success of every manufacturing concern. There’re mainly two types of inventories to manage: raw materials and finished goods. Inventory management software helps businesses properly allocate the cost of goods sold. Modern inventory management software can accommodate all kinds of inventory management policies like FIFO (first in, first out), LIFO (last in, first out), Weighted Average, etc. Small businesses must rely on this software to ensure that all their inventories are being managed cost-effectively.
Every small business needs attendance tracking software to automate and streamline critical processes. For example, payroll software for small business helps reduce the work of the human resource department. Similarly, merchant payment processing software ensures all debit and credit card payments are securely received into a business account. Rather than trying to do it all yourself with spreadsheets, make your life easier and use some of the amazing software that is available online today.