The path to becoming a small business owner is exciting but challenging. Maintaining the books, finances, and accounting practices is not an easy task. As a small business owner, there are some supplies that can help make these processes a bit easier. Stock your business with these financial supplies to make sure your financial tasks are always on track.
Deposit Slips and Other Paper Products
Image via Flickr by CarbonNYC [in SF!]
A small error can multiply over time and can cause problems with payments or even when tax time comes around. Thankfully, there are smart software options available. Quickbooks is a popular accounting software option and comes with accessories to simplify supplies for you. For example, the company offers custom deposit slips, pre-printed with your company’s information, that reduce the work you need to do for clear communication from the bank to the books.
In addition, you’ll want to make sure you’re always fully stocked with printer paper and envelopes. Sending out timely invoices and paychecks will keep things running on schedule without delays due to insufficient supplies.
Payment Acceptance Tools
Whether you have a brick-and-mortar store or you’re selling at craft fairs, you need the ability to accept more forms of payment to avoid losing sales. A portable credit card swipe terminal is a classic tool and comes in many versions with different features. Square Point of Sale is an app that uses your phone as a register. By plugging a small device into your headphone jack, you can swipe, track, and manage credit card payments just like a traditional point-of-sale register. Another option is Paypal. This payment system has been around for a number of years and is an especially great choice for sellers with an online store.
Image via Flickr by Philip Taylor PT
Basic Supplies for Handling Cash
You must also accurately count and deposit your cash regularly so your balance in your account is able to cover payment of supplies or employees. These bank deposits require basic packaging materials like secure deposit bags, bill straps, coin sleeves, and coin envelopes. Investing in some counterfeit banknote detection pens to check for counterfeit bills will also help protect your business.
Time-Saving Devices
As a small business, some things that help big offices manage their finances with less effort might also be a good idea for you to purchase. Handling large amounts of cash is easier when you have a coin sorter and a bill counter to make quick work of adding up totals. Having a laptop or tablet is a good investment because it enables you to access your accounts on the go. If you’re planning to offer shipping, a postage machine is an efficient way to manage your shipping without endless trips to the post office, and it adds your total spending for an easy reference.
All small businesses are unique and may not need all the tools mentioned above. Take these helpful tips into consideration, but adjust your investments to fulfill your specific business needs. Take care to make sure you’re ready with the right supplies and enjoy, with less stress, watching your entrepreneurial efforts lead to success.
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