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Going Into Business? Hire People to Track Your Daily Transactions

by Admin - on Aug 30th 2016 - Comments Off on Going Into Business? Hire People to Track Your Daily Transactions

Professional BookkeeperBookkeeping and accounting are crucial, even for small businesses. These are necessary for them to keep track of all their financial records. Though it may cost you a bit of money, most of the time, hiring the right people proves to be worth the investment.

The Difference Between Bookkeeping and Accounting

Madden Partners says that the bookkeeper’s job is to oversee daily financial transactions – generating data about the activities of a business. This includes sales, payments, receipts and purchases. They record these in journals and ledgers – and its total ends up in a trial balance, wherein the sum of credits and debits match.

Accounting refers to turning the generated data into information. The accountant’s job is to verify the data gathered by the bookkeeper – translating all of that into a summary of financial data, performing audits and preparing financial reporting records. Their analysis provides information that can be used for business trends and forecasts, which also reports the business’ financial condition and performance so that the company leaders can make informed financial decisions in the future.

Hiring The Right People

Whether you’re running a big or a small business, it is essential that you hire a professional to record and analyse your financial activities, as they can be helpful to the success of your company. The financial accuracy of their data can be used to make decisions for your business. Instead of doing the bookkeeping yourself, you should look into hiring someone to help you keep track of your daily transactions and make sense of it.

If you’re a starting business, it’s better for you to know about these things on the get-go, so that you don’t get lost when you start looking for your financial records, especially during tax season. If your business has been running for quite a while, make sure that you have the right people on your side. If you do, then you’re in good hands.

The Wheels Keep Turning: Making Your Money Work For You

by Admin - on Aug 4th 2016 - Comments Off on The Wheels Keep Turning: Making Your Money Work For You

Investing Money in Utah In hindsight, isn’t money a cyclical manner of exchanging value? You earn money and use it to pay for something you need or want. It works the same way when you borrow money; you eventually pay it back with money you gain. With this thought in mind, making your money work for you should be your goal. Putting your money into good use will eventually yield more money, and hopefully, it becomes a mechanism wherein you won’t have to work for it any longer.

Loans For Less, a loan provider in Utah specializing in a variety of loan types, discusses title loans. As a secured, short-term loan, a title loan requires the borrower to put up his or her vehicle as collateral. The lender then places a security interest on the vehicle’s title until the borrower completes his or her loan repayments.

Similar to a constantly spinning wheel, money is a cycle that turns around on its own. If you are in need of cash, don’t be afraid to take out a loan. What you do have to understand, though, is how you have to pay it back. So, make the best out of money you borrow.

Here are a few ways on how to make your money work for you:

  1. Open Up a Savings Account – Prepare an emergency savings account by keeping your money in an FDIC-insured, high-yield checking account. Despite an interest rate of 0.01%, storing your money in a savings account at least guarantees growth.
  2. Invest – Invest in the market and trust your advisors by leaving your investments alone, instead of timing the markets.
  3. Obtain a Degree or Certification – By obtaining a professional degree, you are investing in yourself. You can be a more marketable individual and penetrate more job markets by gaining further education.

With these three tips, consider how you make use of your money. Learn how to save and invest so your money enters a cycle of gains, instead of losses.

3 Ways to Keep Your Customers Coming Back to Your Store for More

by Admin - on Jul 21st 2016 - Comments Off on 3 Ways to Keep Your Customers Coming Back to Your Store for More

Happy CustomerIf you own a retail store or a chain of retail stores, you need to exert more effort into making your customers’ shopping experience as satisfying as possible. Every time someone enters your shop, they must leave with a smile because of your high-quality products, top-notch services, and outstanding customer service.

Here are some suggestions to help impress your customers and make them want to come back for more.

Offer Limited Edition Items

Your retail store will be more interesting if you can offer something new to your customers every once in a while. For instance, restaurants can offer limited edition menu items for a certain time period. Some choose these menu items based on the season. If you offer clothes, you can offer limited edition designs inspired by what’s currently trending. There are many ways to keep your shop interesting. You simply have to be creative about it.

Start Loyalty Programs

Customers love rewards and freebies, and they will surely visit your store more if you are offering some kind of reward program for your most loyal customers. For example, restaurants and coffee shops can offer a free item every time a customer buys a certain amount or a number of drinks. You can use a points system that they can use to buy products or services once they have enough points. added that offering exclusive discounts to your cardholders is also a wonderful idea.

Assure Superb Customer Service

A priceless thing you can provide your customers is a superb customer service. This means putting their needs first, delivering on your promises, offering only the best products and services, and having clear terms when it comes to returning and exchanging of items. Don’t let any customer leave your shop with a frown on their face. Each customer counts, so make sure your staff knows how to deliver great customer service.

Follow these suggestions and you’ll surely retain your most loyal customers and earn even more customers as time goes by.

Second Mortgages: The Essentials You Need to Know

by Admin - on Jul 5th 2016 - Comments Off on Second Mortgages: The Essentials You Need to Know

MortgageA second mortgage, also known as home equity line of credit (HELOC), is simply a second loan on your house. As with your existing mortgage, your home will secure your second mortgage. This means that your lender could legally take your home if you default on your mortgage. When this happens, your lender will sell your home to pay off your original loan and the remaining money from the sale (if applicable) will then go into your second mortgage.

Second Mortgage Basic Facts

Shantel Matagi and other lending institutions noted that many homeowners nowadays are considering second mortgages since the mortgage rate they’re being offered are lower, even if the property values are higher.

  • Second mortgages come in two primary types: home equity loan and home equity line of credit. With HEL, your lender will provide you money in a lump sum, which you’ll have to pay off in a predetermined time period at fixed intervals. The interest rate is usually fixed. An HELOC, on the other hand, functions like your handy credit card so you can spend cash whenever you need it. The interest rate is usually adjustable.
  • The amount you can borrow will depend on several factors — how much equity’s in your home, your loan to value (LTV) ratio, and your credit rating. Most lenders won’t lend you more than 75% or 85% of the LTV ratio of your combined first and second loans.
  • You can’t simply use funds from your second mortgage for anything. Plenty of homeowners use their second mortgage for huge expenses like repaying debts, purchasing another home, paying for college tuition, huge medical expenses, or home renovations. Essentially, you wouldn’t want to take out a second loan if you’re just planning on spending it on a grand vacation or other unnecessary expenses since you’ll be risking your house in the event that you default on your loan.

Many lenders offer second mortgages to qualified borrowers. With this in mind, you don’t necessarily have to take out a second mortgage from the same lender. The most vital thing to do is research your options, compare total fees and interest rates, and then decide which one will be best for your specific financial circumstances.

2 Steps to Build Customer Loyalty

by Admin - on Jun 17th 2016 - Comments Off on 2 Steps to Build Customer Loyalty

Build Customer LoyaltyBusinesses thrive on growing sales to achieve profitability and as such, need to entice their customers to buy. The article highlights some of the methods that business owners should use to cultivate and increase customer loyalty.

Although there exists a world of a difference between the most successful companies and those barely hanging on, it all boils down to one aspect – customer loyalty. Yes, your line of business might not boast glamorous allure or sell fancy goods, but keeping your customers loyal will always keep your margins healthy.

Whether selling groceries, conventional or luxurious goods, keeping a steady stream of customers streaming in through your doors is the key to a healthy balance sheet. reveals two pointers improve the customer experience and by extension, customer loyalty.

Create a better user experience

Other than stocking your premises with the right product and limiting runouts, you need to make the customer feel welcome. From friendly and helpful staff members to the attractive display of goods, you need to polish this to an art form. Good layouts allow shoppers to pick their choice items with minimal inconveniences and at their own pace.

Helpful attendants, either at the checkout or along the aisles, add value to the entire exercise. Similarly, a professional customer care desk addresses any customer concerns quickly and efficiently.

Offer incentives

From weekly or monthly sales and promotions to coupons and loyalty points, you can reward your shoppers for their diligence and loyalty. Retail loyalty programs are particularly popular with customers since they get to earn points with every shopping trip. In essence, they get a discount for every item they pay for in your store.

Since many of the loyalty points are redeemable for certain items, many shoppers accrue such points with the aim of achieving a set goal. That said, a credible reward program enhances the credibility of your business while a lousy one can ruin your reputation. Seek out the services of professional firms that allow you to create a custom program that suits your specific needs.

The key to a profitable business practice revolves around creating value for your customers in a manner that promotes brand loyalty.

Keyword Research and Targeting Aren’t Dead, But They’re Not Everything

by Admin - on Jun 7th 2016 - Comments Off on Keyword Research and Targeting Aren’t Dead, But They’re Not Everything

Keyword ResearchKeyword research and targeting can do wonders for your online marketing campaign. The issue many online marketers have with traditional keyword research and targeting, however, is that researchers must know whom they’re targeting to and why.

They should know the relative competition and search volume for a particular phrase — but they can’t simply know these things because Google does not disclose these vital keyword details. When they feel generous and decide to share ‘vital’ keyword information, it’s either extremely complex or watered down that it won’t be of any use to the regular online marketers.

What You Should Do

To boost your online marketing efforts, be an authority for one segment or topic, like a product or industry, and then do the following:

  • Determine a specific market segment to obtain traffic from.
  • Make a list of various solutions or offerings you can provide to your target market.
  • Try to identify what your target market really need or want and how you’ll be able to meet their requirements. Context is definitely the key.
  • Use your list to cook up certain content pieces. It’s very crucial to remember that when writing content, you should offer something that’s exceptionally valuable and easy to understand. Take inspiration from infographics or include one in your articles. These contain practical information that can be easily read and digestible.
  • Once you have a solid list of content ideas, get to working!

When done correctly, you will save a significant amount of time researching keywords and actually generate more useful content that would be given higher ‘organic’ ranking. This also means that your content will have a higher chance of being shared across different social networks — this is, of course, assuming that you make excellent content. If you do, you’ll strengthen your brand, expand your reach, and get ‘relevant’ traffic for your website.

While you can’t discount how wonderful and helpful keyword research and targeting is for your online marketing efforts, at the end of the day, content will always win. Generating useful content fitted to your target audience will be more beneficial than wasting time on researching multiple keywords that won’t help your cause.

Don’t waste your time with keyword stuffing and over-publishing weak content. You, search engines, and your target segment are infinitely cleverer than that.

Ads Everywhere, Don’t Care: Winning at Mobile SEO

by Admin - on May 18th 2016 - Comments Off on Ads Everywhere, Don’t Care: Winning at Mobile SEO

SEO Company Based in MontrealThe growth of paid search has led many brands and marketers to wonder why they should even pay attention to organic search. They argue that since Google is just showing advertisements anyway, then why not allocate a bigger part of the budget for paid search and be done with it?

If you want to grow your traffic, ignore this suggestion. Organic search may be down, but there are numerous reasons why your mobile SEO efforts should still persevere.

More Clicks Guaranteed

Voodoo Creative, a local SEO company, believes that first organic listings receive more clicks compared to sponsored ones. A study from Mediative, another marketing agency based in Montreal, seconds this motion.

The company’s paper entitled “How Do Consumers Conduct Searches on Google Using a Mobile Device?” reveals that a large part of their mobile click shares ends up with organic search results. Users see paid results, but they often brush these off, focusing on organic listings instead.

Still hesitant? Try breaking it down and you’ll see that the top listings receive 73 percent more clicks.

The Top 4 Matters

The study also compared traffic from above-the-fold listings to desktop results. They reported that users do not click on listings beyond the top 4 results. Apparently, mobile searchers are not fond of too much scrolling. For mobile devices, 92 percent of the clicks are always confined to the top 4 results.

What does this mean for you?

Set your eyes on the first four organic listings; a position on the second page shouldn’t be an option. If so, searchers will not see you, especially on mobile.

Keep Up the Faith

With all these paid search hubbubs, brands and marketers would rather not try anymore. But by putting things in perspective, you steer clear from bad strategic decisions.

Mobile SEO will always be effective. You can still increase your smartphone traffic by 84 percent, especially if you fix mobile-friendly errors.

The greatest marketing campaigns always need the power of two: paid search and SEO. Don’t immediately cut your budget for mobile paid search; think things through multiple times before you make a decision.

Insufficient Funds for a 20% Down Payment? Go FHA-Loan Then

by Admin - on May 3rd 2016 - Comments Off on Insufficient Funds for a 20% Down Payment? Go FHA-Loan Then

FHA LoanThanks to the Department of Housing and Urban Development’s Federal Housing Administration (FHA), you can now obtain a home loan from a private lender much more easily. With the benefits that HUD FHA-backed loans offer, you should now consider making the transition from a tenant to a homeowner.

Why go HUD FHA instead of conventional?

The primary reason many home buyers in the country opt for loans backed by the FHA is because they can rest easy knowing that, in the event they default on their loan, the administration will take responsibility for repaying the lender. Bonneville Multifamily Capital points out because the government insures these loans, lenders are at less risk of losing money from defaulting borrowers.

The results? Lower loan interest rates as compared to conventional mortgages, which then give you a greater opportunity of home ownership.

The down payment advantage

Another advantage of securing an FHA-insured loan from the HUD is a smaller down payment requirement. Since you do not have to make the usual 20 percent down payment that most private lenders require, you will find it easier to buy a home and afford paying for your mortgage.

Satisfy the requirements set by the HUD for their FHA loans, and you would only need to come up with a minimal 3.5 percent down payment.

Less worries about closing costs

Most traditional lenders charge borrowers closing costs, further taking mortgage payments higher and making it even more difficult for home buyers to secure a loan. Although FHA loans still come with closing costs, they are far lower than traditional loans. Through an FHA-backed loan, your HUD multifamily lender may only charge you up to one percent of the amount you borrow.

You still need to meet certain requirements and qualifications when applying for an FHA loan, but these are far easier to satisfy and complete compared with conventional loans.

Inflation And Its Effects On International Exchange Rates

by Admin - on Apr 29th 2016 - Comments Off on Inflation And Its Effects On International Exchange Rates

Exchange RatesThose who work at currency exchange centres have their hands full, mainly because they have to keep up with the world’s extremely varied and dynamic monetary exchange rates. In fact, ‘extremely varied’ is still putting it lightly. For instance, one NZ dollar is close in terms of value to one Aussie dollar (1=0.89). But, this can take a sharp turn in other currencies, like North Korean Won, where one NZ dollar is equivalent to about 620 NKW.

The question is, why? Numerous factors play a part in exchange rate variation, but one is considered among the most major: inflation. shares more information below:

Inflation At a Glance

In general, inflation is defined as a sustained increase in the general pricing of goods and services. The gist behind inflation is simple: if it increases, the country’s currency loses value and is able to buy a smaller portion of a good or service. Inflation is a gradual process, though a few countries have experienced an extreme variant known as hyperinflation. One good example is Zimbabwe, which has already phased out its local currency when the exchange rate for 1 USD peaked at 35 quadrillion Zimbabwean dollars.

How Does It Affect Exchange Rates?

The Zimbabwean dollar example is extremely rare, though its concept still proves the connection between inflation and exchange rates. High inflation rates in a country leads to a decrease in the perceived quality of that country’s goods; thus, causing a dip in demand. In turn, this leads to a decrease in the demand for local currency (i.e. gradual devaluation).

The closest link between inflation and exchange rates is via interest rates, with the latter able to influence exchange rates directly. Countries try to balance inflation and interest, but it’s a difficult proposition altogether. High interest may attract foreign investment (and increase demand for local currency), but can also cause inflation to go up.

When such a situation happens, the local consumers will eventually find it more attractive to buy imported goods. Local currency will then be used to buy foreign currency and goods, which then leads to an increase in the supply of local currency. Here’s where the basic economic principle of supply and demand comes into play. When there’s too much of it around and no one wants it, it’s worthless.

3 Things to Consider When Choosing a Mortgage

by Admin - on Apr 7th 2016 - Comments Off on 3 Things to Consider When Choosing a Mortgage
Mortgage Loans in Salt Lake CityFinally deciding that it’s time to buy that home you’ve always dreamt of can be thrilling. Purchasing a home is a huge investment and knowing what to expect can help you avoid falling into common pitfalls first-time buyers find themselves in. With a variety of mortgage products in the market, how do you decide which home loan to choose? 

Here are some guidelines that will make the process of choosing home loans in Salt Lake City much easier.

Types of Mortgages

There are mainly two types of mortgages: the government-insured loans and conventional loans. Government-backed loans can come in three forms: USDA loans which are backed by the Department of Agriculture, VA loans backed by the Department of Veterans Affairs, and FHA loans which are insured the Federal housing Administration.

Conventional loans are backed by a banking institution or a private company. These types of loans are available for various terms such as 15, 20 and up to 30 years. Furthermore, they require at least 5 percent down payment which can sometimes go up to 20 percent depending on your credit history and the type of lender you choose.

Government insured loans only require you to have a solid credit and a stable source of income. For example, FHA loans only require a 3.5 percent down payment and a credit score of at least 580.

Type of Interest Rate

There is a fixed and adjustable rate. Fixed rates never change and are perfect for people who are looking to repay their loan within 15-30 years and have a stable income. Nonetheless, it’s important to note that other fees such as homeowner’s association dues and annual property taxes may result in fluctuation.

Adjustable rates are those that reset after a certain time. At the start, they may be lower than fixed rate loans. However, after the initial terms end, your monthly payments increase annually based on a margin and on an index.

Size of the Loan

Classified as either conforming or non-conforming, the size of the loan is another issue to consider. Conforming loans are limited to $417,000 for single-family homes. For high-cost areas, the price may go up to $625,000. Non-conforming loans are riskier and come with a high down payment requirement.

Getting a home loan largely depends on your credit history, your income and future financial goals. Before applying for any loan, check to see if your credit score allows you to borrow. And if not, try to boost it. Talk to a mortgage broker to get the best rates.