For small businesses in india looking for a comprehensive and easy to use accounting solution, here comes Zoostr. While conceptualising Zoostr, we aimed at two major functionalities.
First, we wanted to make it is cloud based so that users have the flexibility to use the software without confining it to a few computers.
Second, we wanted to make the platform highly comprehensive so that this one platform can be used for all accounting activities.
With Zoostr, you can manage almost every aspect of accounting, from preparing invoices to directly contacting customers through the software. Why is Zoostr especially useful for small businesses?
Zoostr can be used by all small or medium businesses. We understand that one of the main challenges that small businesses in India face, more so in the current economy, is limited resources. Keeping this in mind, we have made Zoostr to be very easy to use.
You do not require any kind of training to use it. Your employees can quickly grasp the functioning of various features. So, with Zoostr, small businesses get the benefits of enterprise class functionality without spending much at all.
In order to enhance ease of use, we have created small video tutorials with clear instructions on how to use the software. Your employees and you can have one look at these tutorials to know how Zoostr works. It is as simple as that. Update and track in real time
With our cloud based model, you can update your financial documents such as invoices and purchase orders. Furthermore, you can mark them as paid, due or cancelled depending on their status.
On Zoostr, you can enable multiple administrators to look into the account. This way, you can delegate responsibility within your business and have different employees take charge of different functions such as suppliers, invoices, quotes, purchase orders and others.
With Zoostr, you can collaborate over work seamlessly and eliminate problems that arise due to communication gaps within a team. Prepare schedules on Zoostr
Zoostr comes with a built in scheduler that you can use to create schedules. Slots are provided for every hour of the day and for every day round the year. To enter details, you need to click on the respective slot. You are guided to a new page that contains different slots for details. You can create schedules by month, day and week. Marketing
Zoostr helps you with marketing as well. You can create email and SMS campaigns and send messages to customers directly through the platform. To begin with, you are given twenty free credits. If you want to send more messages, you can buy more credits directly from the website. Multiple features on a single platform
The functionality of Zoostr is tremendous. You can create a log of your customers and enter all their details. The “Search” feature provided on every feature including invoices and purchase orders help you find the exact document that you look for.
With so many useful features, ease of use and simple interface, Zoostr is sure to prove extremely beneficial for your business. To try Zoostr accounting software for free then click here to register
Cloud accounting is the hottest trend in the business world with both large and small businesses adapting to the technology in a big way. The trend, however, is not without reason.
Cloud accounting software, which are essentially browser based applications that don’t need to be installed in your computer, give you greater scope to manage your business on the move.
If you identify the right accounting package and use it to its full potential, you can simplify the complex task of business management and reduce stress in your life. In all, you can live a better life. Access to real time information for better decision making
As a business owner, you are solely responsible for decision making in your business. You can only make the right decisions when you have all the information in front of you.
Cloud accounting gives you access to real time information. So, you can monitor the details uploaded in the software, analyse various aspects and arrive at robust decisions that enhance the productivity of your company. Track and change status of invoices, purchase orders and other accounting documents
Invoices, purchase order forms and other accounting documents form a crucial part of accounting process. With cloud accounting software, you can track status of these documents readily. What is more, since the software is browser based, you can use any desktop or handheld device to access the files and update status of these documents.
As a result, the entire accounting process becomes more meticulous. Your business changes for the better because your accounts are all neat and clear. Ultimately, this benefit translates into greater profitability for your business. Work on the go or from home
With cloud accounting, you really do not have to physically be present in your workplace in order to monitor the financial transactions that go on in your business. You can spend more time with your family and friends, travel around whenever you want to and still be connected to your businesses regularly. The best part is that your customers and vendors are easily accessible because you can contact them directly through the software. Easy scalability
When you use cloud accounting software, you don’t have to worry about the increasing needs of your scaling business. The cloud, by virtue of its structure, is an extremely elastic thing. So, as and when your requirements increases, you can increase usage on the cloud accounting platform and pay for as much as you use. This is a great benefit for your business. Peace of mind
Cloud accounting has proven to be more secure than hard disk based software. Since accounting consists of confidential aspects of your business, you can be assured about its safety when you use the cloud. Also, cloud systems offer robust backup features. So, even when disasters strike or some emergency situation affects your hardware, you can still be assured about the safety of any information stored on the cloud.
In more ways than one, cloud accounting makes your small or medium business more manageable. Migrating to the cloud is definitely worth it. Zoostr provides a free accounting software - click here to find out more
Gone are the days when cloud accounting software and applications were the domain of large companies. Those were the days when the cloud was rather expensive and involved high recurring costs that were well beyond the spending capacity of small businesses. Today, however, the scenario has changed. Cloud accounting software is no longer as expensive as it used to be. With costs slashed, accessibility better and functionality increased, these software applications have become good news for small companies.
In fact, considering the recent trends and developments in cloud computing, cloud accounting packages have turned out to be more beneficial for resource restricted small enterprises when compared to larger enterprises. So, what makes cloud accounting software programmes more beneficial to small companies? Enterprise class functionality
Large companies have one major advantage over small businesses – more financial and non-financial resources. So, these companies can leverage the benefit of resource availability and develop custom accounting packages.
However, developing customised enterprise class functions and software is usually out of budget for most small companies. In such a scenario, small businesses can enjoy enterprise class functionality with cloud accounting software applications that are highly functional and comprehensive. Moreover, as a small business owner, you can enjoy such functionality without shelling out too much money.
Cloud accounting software programmes come with numerous features that are highly essential for any business. These features include preparing and tracking invoices, quotations, purchase orders and other financial documents. Furthermore, you can track the status of the financial documents and mark them as cancelled, paid or due. Managing accounts with such promptness and efficiency helps small businesses put their productive time to good use. Overcoming manpower limitation
Small businesses are also limited in their manpower since they cannot afford many employees. Cloud accounting software programmes help small business owners overcome this limitation in several ways.
For one, since the software is in the cloud, all employees related to the job can collaborate seamlessly and work with greater efficiency. As the manager or owner, you can oversee all activities and ensure precision of the job.
You also save a lot of time in the whole process and hence, can complete more work within the limited working hours. Such functionality is extremely beneficial for small businesses. Cost effective pay-as-you-go model
A cloud accounting software programme comes with a unique pricing model. You pay for it as a service rather than as a product. In other words, you pay only as much as you use. So, depending on your requirements, you can use specific features and enjoy the functionality of high level accounting packages without spending a lot of money. On the whole, this model turns out to be very cost effective in the long run.
So, if you still believe that cloud accounting software is for the large businesses, you are mistaken. Small businesses find as much, if not more, functionality with these applications. If you are a small business owner looking to optimise on your available resources and enhance the efficiency of your account management methodology, you must seriously consider using a cloud based accounting package. Free Accounting Software
Zoostr takes it a stage further. We provide a good basic accounting software for free. Yes, you heard right, for free. There are a number of Premium features that we charge a small fee for when and if you need them. Learn more and sign up for a free account here
Financial details of your company need to be confidential. So, you must ensure that all accounting documents are kept very safe. In this era of computerisation and automation, safety of your confidential accounting details zeroes down to the safety measures you take to protect your computer systems running your accounting software.
However, considering the aggressiveness of hackers and virus developers in the present world, protecting data on your system is easier said than done. In such a situation, what is the best way to keep your accounting data safe?
There are two options for procuring an accounting software programme
. First, you can pay the licensing fee for accounting software and download it from the Internet. Second, you can use a cloud accounting software. Between the two, cloud accounting software is much safer. Network is safer
By choosing a cloud accounting software, you do not store data in your computer hardware. This in itself is a huge advantage in terms of security. Network is safer because it is created by multiple computers and each computer has its security in place. So, a criminal trying to hack into the network cannot get access to data unless he breaks the defences of all the computers.
This kind of multi-system security makes cloud accounting much safer than downloading because when you download, a hacker has to break into only one computer – yours, which unfortunately might not be very tough for an accomplished criminal. No leeway for illegal entry during data transfer
Accounting is usually a team job. When you use downloaded software, you restrict it to your computer. So, if you want to share details of your part of the accounting job, you need to either mail the files to others in the team or supply hard copies. This kind of data sharing provides leeway for hackers to access your data.
When you use cloud accounting software, you can give access to multiple administrators and all of them can use the platform simultaneously for collaborative work. There is no transfer of data as such. So, your accounting information remains more secure. However you do need to make sure that everyone protects their password and doesn’t make it easy for people to guess. Professional security measures
Data centres and servers that host cloud accounting software are robustly secured by professional security measures. These measures are much more secure than the ones you use on your computer. Also, professionals are always alert about security breaches. So, you can be assured about round the clock security for your accounting data stored on the cloud. Moreover, the service providers update the security software regularly, thereby enhancing the safety of your data. Data recovery and backup
Opting for cloud accounting software is better and safer than downloaded software because when you are on the cloud, data backup is more robust. Also, since the data is not restricted to one computer, you don’t lose all of it if the system crashes or a natural disaster damages it. On the cloud, recovery is easier.
So, when you compare downloads with cloud accounting software, the cloud does present a much safer picture.
Running a successful business takes a lot more than a great business idea. You need to take a hard look at your business plan, the commercial environment and your personal traits before you take the plunge.
Starting your own business requires a lot of careful thought and back breaking hard work. A start up venture will demand a lot from you so you must be absolutely sure of your environment and customer base before you start off.9 questions to ask yourself
- What are the reasons for your going into business? Is it a temporary urge which will fizzle out soon or do you have a solid backing behind your idea?
- What makes your product/service offering unique? How do you feel about the relative merits of your offering Vis a Vis your competitors? What is it that can draw customers specifically towards you?
- How do you intend to finance the start up costs of your business? Do you have adequate means of covering your costs?
- Do you have enough dedication and time to devote to your business? Are you going to quit your full time job to go into business?
- Do you have sufficient space to devote to your business? Are you going to operate from home or are you considering renting office space?
- Are you comfortable with self promotion? Business people have to hard sell their products and services and if you are the shy reticent type, you really need to weigh your options.
- Are you disciplined and self motivated? There will be no seniors or bosses prodding you on so you need to take charge yourself.
- Are your family members willingly supporting you in your venture?
- Lastly and most importantly, are you willing to make personal sacrifices of time and space to fulfill the needs of your start-up?
PEST Analysis (Political, Environmental, Technical and Social) factors are important in analyzing environmental suitability of your business venture.
Political factors will include new government rules and regulations, subsidy policies and investor avenues.
Economic factors will include overall economic conditions of the country, consumer spending patterns and currency values.
Technical factors will include technological change. For example, all businesses looking forward to open customer service departments have to adapt to mobile technologies due to the surge in usage of smart phones.
Social factors include cultural preferences of your target group and the changing social dynamics of the domestic environment. Any threat in these areas should carefully note and trends studied before jumping into business.
SWOT analysis or the analysis of the strengths, weaknesses, opportunities and threats of your business, is something that you should compulsorily do in order to judge the current position of your competitors. SWOT analysis will let you know the internal dynamics of your competitors and allow you a peek into what it would be like to get into their shoes.
A cheering fact is that the Indian Government has worked a lot on pumping FDI (Foreign Direct Investment) into the SME sector. So, now is a good time to go into running a small business in India.