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Managing Business Finances Made Easy: Tips from the Pros

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If you’re like most business owners, you probably feel like you’re always playing catch-up when it comes to your finances. It can be tough to keep track of everything, especially when you’re busy running your business. In this article, you’ll learn tips and tricks for better managing your business finances. So read on and start getting ahead of the game!

Embrace Automation

One of the best things to do with numbers in a business is automating tasks because they erase the option for a human error. The proper softer installed in your system is the perfect way to do payroll processes with ease, including direct deposit and employee onboarding documents. You can also use it for tracking inventory levels, budgeting, and even collecting customer payments.

Automation will help you keep better financial records because it can all be done in one place and will eliminate the need for you to search through various software programs to find specific information. Everything will be compiled in one spot so that you can easily generate reports and get a clear picture of your business finances at any given time.

Enhance Your Billing Strategy

Every business runs into customers that are late with their payments. This can put a strain on your cash flow and make it difficult to manage your finances. There are a few things you can do to enhance your billing strategy and make it easier to manage your finances.

First of all, you have to make sure you invoice promptly. Send invoices as soon as the product or service is delivered. This will help ensure that you get paid in a timely manner. It’s also smart to include payment terms on your invoices. Make sure you include when the payment is due and any late fees that may apply. This will help ensure that customers pay on time.

Never forget to follow up with customers who are late with their payments. A polite reminder can go a long way in getting customers to pay their bills.

Monitor Company Spending’s

There are a lot of expenses your company has. These are the following:

  • Rent
  • Electricity
  • Phone
  • Internet
  • Wages
  • Insurance premiums
  • Taxes
  • Advertising
  • Office supplies 

You can keep track of your company’s spending by monitoring all expenses. You can do this by setting up a budget and tracking actual spending against the budget. This will help you to see where your company is overspending and where you can cut costs.

Another way to keep track of your company’s spending is to use accounting software. This software will help you to track all income and expenses. This will give you a clear picture of where your company’s money is going.

Watch Out For Taxes

All your taxes need to be in order before you can do anything else. This means that you have to have a system for tracking your income and expenses, and you need to be able to categorise them properly. You also need to know when each tax is due so that you can pay it on time.

If you don’t have a system for managing your finances, it will be very difficult to stay on top of your taxes. The best way to avoid this is to hire an accountant or bookkeeper. They can help you set up a system that works for your business and make sure that all of your financial information is organised and up-to-date.

Make Sure Your Business Credit Is Good

In order to stay afloat, you need to keep a close eye on your business finances. This can be easier said than done, but there are a few key things you can do to make sure your business is in good financial health. One of the most important things you can do is to make sure your business credit is good.

Your business credit score is important for a number of reasons. First, it determines whether or not you’ll be able to get loans and lines of credit from lenders. If your business has a poor credit score, you may not be able to get the financing you need to keep your business running smoothly. Additionally, your business credit score can impact your ability to lease office space or rent equipment.

Have An Emergency Plan

It’s essential to have a backup when business is slow because you never know when an emergency will happen. That’s why having an emergency plan is one of the best ways to manage your business finances.

First, you need to decide what expenses are critical and which can be cut during lean times. After that, Build up a cash reserve to cover at least three months of operating costs.

Always review your insurance coverage to make sure you’re adequately protected against risks. Finally, have a line of credit in place so you can access capital quickly if needed.

Every business needs good accounting in order to function properly, which is why automation is a great way to avoid mistakes. Make sure to have a good billing strategy for tardy customers and monitor all the expenses. Watch out for the taxes so you wouldn’t get in trouble and make sure you have a good credit score. Finally, create an emergency plan for the darker days!

6 Amazing Health Benefits of Drinking Green Tea

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Green tea is known around the globe to be one of the healthiest drinks in history. Not only is it loaded with antioxidants, but there may be even more potential health benefits.

Green tea has a range of possible health benefits.

To help you feel better, lose weight, and lower your risk of chronic diseases, you may want to consider making green tea a regular part of your life.

Below is a list of 6 reasons why you should start drinking green tea:

1. Healthy Bioactive Compounds

The green tea plant contains a range of healthy compounds that make it into the final drink.

Green tea contains a catechin called epigallocatechin-3-gallate (EGCG). Catechins are natural antioxidants that help prevent cell damage and provide other benefits.

These substances can reduce the formation of free radicals in the body, protecting cells and molecules from damage. These free radicals play a role in aging and many types of diseases.

2. Improves Brain Function

Green tea does more than just keep you alert, it may also help boost brain function.

The key active ingredient is caffeine, which is a known stimulant.

Research has consistently shown that caffeine can improve various aspects of brain function, including mood, vigilance, reaction time, and memory.

However, caffeine isn’t the only brain-boosting compound in green tea. It also contains amino acid L-theanine, which can cross the blood-brain barrier.

Many people report having more stable energy and being much more productive when they drink green tea, compared with coffee.

3. Packed With Antioxidants

Research has shown that oxidative damage can lead to chronic inflammation, which can lead to chronic diseases, including cancers. Antioxidants can help protect against oxidative damage.

Green tea is an excellent source of powerful antioxidants.

To get the most health benefits, avoid adding milk to your tea. Some studies suggest it can reduce the antioxidant value in some teas.

4. Brain Aging Protection

Alzheimer’s disease is a common neurodegenerative disease and the most common cause of dementia in older adults.

Parkinson’s disease is another common neurodegenerative disease and involves the death of dopamine-producing neurons in the brain.

Several studies show that the catechin compounds in green tea can have various protective effects on neurons in test tubes and animal models, possibly lowering the risk of dementia.

5. Steady Weight Loss

Several studies show that green tea may help reduce body fat, especially in the abdominal area.

One of these studies was a 12-week randomised controlled study involving 240 people with obesity.

In this study, those in the green tea group had significant decreases in body fat percentage, body weight, waist circumference, and belly fat, compared with those in the control group.

6. Longer Life Expectancy

Given that some compounds in green tea may help protect against cancer and heart disease, it makes sense that it could help you live longer.

Those who drank the most green tea – 5 or more cups per day – were significantly less likely to die during the study period:

  • Death of all causes: 23% lower in women, 12% lower in men
  • Death from heart disease: 31% lower in women, 22% lower in men
  • Death from stroke: 42% lower in women, 35% lower in men

6 Easy Things You Can Do to Get the Perfect Smile

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Everybody wants to have the perfect smile. Many people might say the perfect smile is simply teeth that are straight and white, but it actually goes beyond that. There are several other aspects of someone’s smile that our brain assesses without our being conscious of it.

Perfect smiles radiate joy, confidence and health. Your smile plays an important role in the happiness of your everyday life.

Below is a list of 6 easy things that you can do to get the perfect smile:

1. Teeth Whitening

Certain types of stains respond better to whitening than others. If your teeth are yellowed due to smoking, or drinking coffee or wine, you’re likely to see results.

2. Crowns or Veneers

Some teeth just don’t respond to chemical whitening, even when it’s done by a dentist. The fix here might be a crown or veneer. These are thin coverings, often made of porcelain—a crown wraps the whole front and back of the tooth, while a veneer covers the front and about a third of the back. You should ask to see work the dentist has done before.

3. Lip Botox

So your lip lifts up a lot so there’s a disproportionate show of gum tissue versus actual teeth? A potential fix for this one doesn’t actually have to do with the gums. It might involve a unit or two of Botox on each side of your upper lip.

4. Facial Exfoliating

Dry, cracked, chapped lips will quickly undo the benefits of your expensive dental work. They’re easy enough to fix, but slathering on lip balm doesn’t address the core problem. You need to get rid of that dead build-up before you moisturise. The best way to exfoliate? Try sugar.

5. Clear Braces or Invisalign

Buck teeth are upper front teeth that are too far forward. And the fix is the same as for any otherwise-fine tooth that steps out of line: braces. Fortunately for adults, there are clear braces, like Invisalign. And there are new ways to make them work faster.

6. Tooth Implants

If you are missing a tooth, then an implant can be created to fill the spot. Costs are approximately double that of a crown, because you pay both for the implant’s anchoring post and the tooth-like sculpted part. Invisalign can help the new addition get acquainted with the surrounding teeth.

7 Amazing Health Benefits of Cannabidiol

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A Phyto-cannabinoid called cannabidiol (CBD) was first identified in 1940. CBD interacts with neuroreceptors in your endocannabinoid system, which delivers messages between your cells to assist regulate your mobility, mood, homeostasis, and immune system, when applied topically, absorbed by smoke inhalation or edible ingestion, or taken orally.

Here are seven incredible reasons to start utilising CBD oil right away:

1. Aids in Treating Anxiety

Perhaps CBD’s most well-known benefit and the reason it is so widely used is its calming properties. a study of 57 males taking a practise exam for public speaking. Compared to those who got the placebo, individuals who received 300 mg of CBD reported much less anxiety during the exam.

2. Aids in Treating Epilepsy

CBD has occasionally been used to treat epileptic seizures. The use of CBD under the brand name Epidiolex to treat seizures brought on by Lennox-Gastaut syndrome and Dravet syndrome was approved by the FDA in 2018.

3. Aids in The Treatment of Posttraumatic Stress Disorder

In a limited research, CBD was given to 11 PTSD patients along with standard psychiatric care for eight weeks in an outpatient mental health clinic. Ten out of the eleven people saw a reduction in their PTSD symptoms.

4. Aids ALS treatment

When nerve cells in the brain and spinal cord degrade due to ALS, it leads to a progressive loss of muscle control. According to research, those who have ALS may benefit from the entourage effect produced by the combination of THC and CBD, much like those who have PTSD. Patients in a research received a mixture of THC and CBD in various levels based on their requirements and preferences.

5. Aids in Treating Diabetes

First off, research on human cells revealed that CBD lessens the effects of high glucose levels on other cells in the body, which frequently come before the onset of diabetes and its myriad consequences. Researchers came to the conclusion that CBD could potentially aid people with diabetes, diabetic complications, and plaque build-up in arterial walls with more research.

6. Aids in Treating Neurological Issues

Studies in the preclinical and clinical stages demonstrate that CBD has anti-inflammatory and antioxidant effects. Numerous preclinical research indicate CBD may be effective in treating multiple sclerosis, Parkinson’s disease, and Alzheimer’s disease.

7. Aids in Arthritis Treatment

The tissues inside and surrounding your joints deteriorate as a result of arthritis. A study demonstrated that when compared to a placebo, CBD caused statistically significant improvements in rheumatoid arthritis patients’ sleep quality, pain during movement, and pain during rest.

Note on Medicine:

Always ask a licenced health practitioner for advice if you have any concerns about your medical condition. Never ignore or put off getting medical advice because of something you read on the Advisory Excellence website.