Seniors Can Get Affordable Supplemental Health Care Insurance

Affordable health care supplemental insurance for seniors is designed to accompany – or supplement – the health insurance coverage seniors already have. Cheap senior health insurance is sometimes just as difficult to obtain as health insurance for every other age group. Therefore, finding an affordable senior supplemental health care – a sort of “add-on” to existing senior health insurance policies – makes it easier for seniors to get the necessary and adequate health care.Finding affordable health care supplemental insurance for seniors requires basically the same process as finding any kind of health care coverage. Seniors can begin by shopping around. Pay attention to advertisements both on the Internet and in print form. Word-of-mouth is also an excellent way to find out about affordable health care supplemental insurance for seniors. Ask friends and family members about their own senior health care supplemental insurance.Affordable health care supplemental insurance for seniors is only affordable if it fits your budget and provides the kind of extra coverage you need. Once you’ve decided which health insurance companies you’d like to check out, ask their insurance agents or representatives about coverage options and rates. You want the coverage you need at the price you can afford. Don’t sacrifice a particular kind of coverage you need just to save a few bucks. At the same time, don’t agree to payments you may not be able to make. Think of it as a balancing act.Affordable health care supplemental insurance for seniors doesn’t mean a thing if the company from which you’ve purchased your policy leaves you high and dry. Make sure the insurance company is licensed to do business in your state. You can do this by contacting your state’s department of insurance. There are many fly-by-night companies out there looking to make a quick buck, traveling around selling “insurance” and quickly leaving the scene of the crime, so to speak. If you know the company is licensed in your state, you know your state can help you if problems arise.

Posted in health care | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Comments Off

Working Capital Financing Options to Replace Bank Business Loans

When an effective replacement is needed by business owners for small business finance services previously obtained from banks, there are several business financing choices to consider. An increasingly prudent alternative is for small businesses to explore whether there are effective commercial finance options to replace bank financing before they are actually needed because commercial borrowers are likely to hear multiple reports about the growing difficulty in obtaining business loans from banks.One of the chief ongoing criticisms reported by many small business owners is the failure of most banks to satisfactorily meet their routine daily commercial loan needs. Very few small businesses have the financial means to overlook the current business loan shortfall exhibited by most banks even if there has been a long and prosperous working relationship with a bank. One common (but incorrect) response is that nothing can be done to replace the traditional source of commercial financing although it does seem that the reality of less bank financing is acknowledged by many commercial borrowers. For most small businesses needing to explore immediate ways for replacing bank business loans, the three examples provided below are illustrations of practical small business finance strategies readily available to them.Among the most useful options to replace business bank financing are working capital loans from non-bank sources that do not require commercial property or other assets as collateral. To replace a line of credit which is being reduced or eliminated by a traditional bank, this type of business financing serves as a viable option. Perhaps a business borrower needs new business funding to buy supplies or inventory. A reliable source of working capital is a key ingredient for continued success for even the most successful business. Traditional banks might need to be replaced by more effective commercial lending sources because as noted both here and in media reports, banks are rarely doing an adequate job of filling this critical role.Another practical business finance choice to replace bank financing is accounts receivable financing. To bridge a cash flow gap between sales and payment from customers, this form of receivables factoring can be helpful. While this is by no means a new form of business financing, the major use has typically been by large corporations. Commercial borrowers are rapidly learning to adopt this effective financial strategy due to banks exiting their previous active role of providing small business loans.A commercial funding approach generally referred to as a credit card receivables factoring or business cash advance will also be a useful alternative for businesses which regularly accept credit cards from their customers. By allocating a portion of future credit card processing toward repayment, it is a way for businesses to receive cash now and gradually repay the amount provided.None of the working capital financing options just noted are totally free of potential complications or problems. At the same time, it should be noted that the sudden lack of reliable bank financing for small business owners is itself a major complication and problem requiring a timely solution. Before finalizing any new arrangement for business financing, the advantages and disadvantages need to be thoroughly reviewed as with any other new business service.

Posted in Finance | Tagged , , , , , , , , , | Comments Off

What Is the Easiest Accounting Software to Use for Small Businesses?

IntroductionWhat is accounting software?To track the financial process, the business owners or individuals use the accounting software to record and report income and expenses.This is more effective and never drives grave mistakes with automation, especially for small businesses.Why do small businesses prefer accounting software?The majority of small business owners may not be much aware of accounting or finance management. So they prefer this software to manage their financial data.The software helps to reconcile data, generate receipts, and integrate with the financial data.So they don’t have to bother about the business account to balance.Moreover, it saves time and money and improves productivity and performance through the transparency of financial data.How do you choose better Accounting Software for Small businesses?Searching for the right accounting software for your business is a daunting task.Software designed for one business could not be suitable for another.It depends on the enterprise’s size, the income flow, level of experience of the accountants, and the company budget.If you are willing to choose any accounting software, it is always advisable to thoroughly examine some of the features before selecting one.Here are some of the best accounting software, distinguishing itself with outstanding features and functionalities and specially designed for small businesses.Intuit QuickBooks: Best OverallQuickBooks is an accounting software released by Intuit.It has a separate desktop version you can buy and install, and in 2019, they released the cloud-based system.Millions of businesses use QuickBooks accounting because it designs for small and medium-sized enterprises.It is very user-friendly, and business owners prefer this because they can handle this easily even though they don’t have accounting experience.While coming to the price, it is very reasonable.Features of QuickBooks Accounting contain:
With user guides and tax data export, it helps to file quarterly and annual tax returns.

Financial institution integration.

Sales tax calculations and reported tax payments.

Sort sales and expenses into tax groups automatically.

Scanned receipts are attached to the invoices.

Generate customized reports with cash flow.
QuickBooks Accounting offers a reasonable price:
Simple Start: $10 per month for business beginners.

Essentials: $17.50 per month for maintaining and expanding businesses

Plus: $25 per month to help more established and manages projects, inventory.
Sage Business Cloud Accounting: Best for Multiple UsersSage Business Cloud Accounting is a global label that provides online accounting for small businesses.It designs for small businesses, which established in 1981 in Newcastle, England.It lets you select your industry, company scale, and requirements. Over three million businesses use it.Without any accounting knowledge, users can use this and can set it up for multiple users.The main features contain:
Manage business accounting and cash flow.

Generate and share invoices.

Available on all devices so that you can access it from anywhere.

Auto entry and synchronization.

Integration with your business institution and other apps.

User-friendly dashboard and tax compliance tools.

Forecast cash flow and inventory management.

Collaboration with your accountant on any device.
Pricing of Sage Business Cloud accounting as follows:
Accounting Start: $10 per month for start-level financing to help manage cash flow.

Accounting: $25 per month for excellent cloud accounting with invoicing, cash flow management, and actual entries.
They currently offer a 50% discount for three months and a free trial for 30 days.Xero: Popular with best featuresXero is a web-based accounting software developed for small and expanding businesses.Small business owners and accountants prefer Xero, which established in New Zealand in 2006.Without any accounting knowledge, you can easily set and use this software.It is popular with its easy-to-use dashboard and can collaborate with multiple users simultaneously.Small business owners choose this because of the features and ease of use.Its two-step authentication keeps your data secure and a very reasonable rate for each plan which you choose.The main features contain:
Generate and send invoices and create an account claim.

Integration with your business institution and other apps, including HubSpot, Square.

Quick bank reconciliation.

Active financial reports.

Secured financial data.

Collaboration with multiple accountants.
Pricing for Xero is as follows:
Early: $5.50 per month, send 20 invoices, enter five bills, reconcile bank statements, and capture bills and receipts.

Growing: $16 per month, send invoices and quotes, enter bills, reconcile bank statements, and capture bills and receipts.

Established: $31 per month, includes all Growing tier features plus multi-currencies, expenses, and projects.

Every plan comes with a free 30-day trial for unlimited users.
Zoho Books: Best in automationZoho was established in 1996 in India and had a corporate office in California.Its accounting software, Zoho Books for small businesses, has outstanding features which lest you monitor your finance generate invoices and collaborate with users in real-time, and many more.Zoho includes multiples products for customer relationship management (CRM), human resource management, and inventory control.Small business owners incline to Zoho books for automation, bank reconciliation, invoicing, and more.The app integration allows you to integrate with other software which you already use.It also provides a payroll solution for companies in India.The main features contain:
Tax compliance and financial reports.

Sales management and invoicing.

Bank reconciliation.

Client portal.

Reports and records.

Automatic tax calculations.
Pricing for Zoho Books as follows:
Free: Includes up to 3 users, 1000 invoices per year, and 1000 bills per year with basic features.

Standard: ? 499/month billed annually and included up to 3 users, 5000 invoices per year, and 5000 bills per year and includes everything in free plus extra features.

Professional: ? 999/month billed annually and included up to 4 users, 10,000 invoices per year, and 10,000 bills per year and includes everything in standard plus extra features.

Premium: ? 2999/month billed annually and included up to 7 users, 25,000 invoices per year, and 25,000 bills per year and includes everything in professional plus extra features.

Elite: ? 4999/month billed annually and included up to 15 users, 100,000 invoices per year, and 100,000 bills per year and includes everything in premium plus extra features with ‘Advanced Inventory Control’.

Ultimate: ? 7999//month billed annually and included up to 15 users, 100,000 invoices per year, and 100,000 bills per year and includes everything in Elite plus extra features with ‘Dedicated Account Manager’.
ConclusionYour accounting experience doesn’t matter; any of these easy small business accounting software options will let you manage your business’s accounting and balance the books efficiently.Conclusively, the decision will depend on your budget and the features and functionality that your company needs.

Posted in Uncategorized | Tagged , , , , , , , , , | Comments Off