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Top 5 Online Accounting Softwares for Small Businesses

Top 5 Online Accounting Softwares for Small Businesses

For those of you who are accounting professionals, accounting may be much simpler with the conventional accounting softwares. For the rest of us, we need super simple softwares for accounting in order to be comfortable in our accounting roles. With the rise of self-employment, small businesses, and freelancers, there is a need for simple online accounting softwares to help these businesses manage their financial records. Luckily, there are simple online accounting softwares already on the market. There are several new, simple online accounting softwares that have been developed for small businesses and custom made for non-accountants; you only have to make a smart choice and select the one that is most suitable for your business. Here are 5 of them.

1. Xero

Xero is an online accounting software that is efficient in managing the financial records of a small business. Xero is able to transfer all the financial transactions of the business into its database and connecting them to their matching transactions. On the dashboard of the application, you’re able to get a complete and simple-to-understand representation of the major accounts. You’re also able to view the expenses and income reports, outstanding bills, and invoices payable. The application can be custom modified to make it a particular type of business. It is by far much simpler compared to Quick Books.

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2. Slickpie

Slickpie comes with various features that are suitable for most small businesses. Some of its features include MagicBot, which refers to automated data entry. This means you will save the time you would have spent entering the data into the computer, as it is automated. Other features include online invoicing, online billing, bank reconciliations, production of financial reports, and tax management; all these come in a free edition of the software. It is user-friendly, and simple to learn and understand. Slickpie offers its users an all-in-one accounting package for the whole business. Those who have used it testify that it has enhanced the performance of their businesses, as they are able to do a lot within a short time, leaving enough time to run other aspects of the business.

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3. Sage One

Sage One is accounting software that handles all business transactions, from invoicing, debts, financial reports, value-added tax (VAT), cash flow predictions, and so much more. It can be integrated to your bank so that every transaction that happens in the bank is updated in the Sage One system. It has the ability to predict your cash flow depending on your recent transactions. It can therefore predict the amount of cash the business will need or have in the future. The reports produced by Sage One are customizable to meet the demands of every unique business. The dashboard gives a quick overview of the business performance, showing the top customers, turnover history, and more.

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4. Quick Books Online

Quick Books offers an affordable package for different types of small businesses. It is is suitable for all small businesses, including freelancers, consultants, and online traders and services providers. It is suitable for a new or an existing business, and is customizable to accommodate the changes of growth and expansion. Some of its features include financial reporting, recording all incomes and expenses, automated data back-ups, and filing tax returns. The software is easy to use, and its dashboard will update periodically. It will also show important aspects of the business, such as the financial status, income, and outstanding and paid invoices, as well as the profit or loss of the business.

5. MYOB

MYOB is an easy online accounting software with all the tools to manage the accounting records of a small business. It shows the business cash flows, produces financial reports, and manages the payroll of the employees with ease. The software will store all the bills and invoice records online, and ensure they are secure. The system is integrated, and can share business information with other members of the staff. It also updates frequently as transactions happen, and produces prompt tax returns, making filing of returns a simple and enjoyable job.

Featured photo credit: Geoffrey Whiteway via stockvault.net

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Deborah Belford

Freelance journalist

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Last Updated on July 10, 2019

11 Brain Training Apps to Train Your Mind and Improve Memory

11 Brain Training Apps to Train Your Mind and Improve Memory

Whether at work or at school, people these days are under tremendous pressure to perform, perform and perform! Stress and pressure can have adverse affects on the well-being of a person, and need to be controlled.

Now, this doesn’t mean you make a dash to your nearest therapist. There are a number of wonderful and smart apps that you can use on your phone. These brain training apps have been scientifically designed to target specific areas of the human mind and control harmful emotions such as anxiety, as well as to improve memory and sharpness of the brain.

Here are 11 iPhone apps that you will not only enjoy but also find useful in keeping your mental health balanced at all times.

1. Lumosity

This app consists of games that focus on improving the user’s memory, problem-solving capability, attention span, and thinking. There are three games in each session, and they challenge the brain by changing every time. The user has to complete the games while playing against a clock.

Free of trial. $15 per month for the full version.

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Luminosity Mind training apps-Lifehack

    2. Fit Brains Trainer

    This brain training app has 10 sets of games that work on different areas of the brain and improve memory as well as concentration. A user is required to finish a particular task from each category on a daily basis and the app tracks the progress by a color coded graph.

    Free.

    Fit Brains Trainer Mind training apps-Lifehack

      3. CogniFit Brain Fitness

      Developed with the help of neuroscientists, this fun app improves a person’s cognitive abilities, which includes memory and concentration. The progress made by the user over a period of time can be tracked. Users can also play challenge rounds with their friends. The app also modifies the difficulty level to suit the profile of the user and provide recommendations based on the results. Spending 20–30 minutes a few times every week can give measurable improvement in the performance of a user.

      First four games free, then $13 a month.

      cognifit-Mind Training Apps-Lifehack

        4. Brain Fitness Pro

        The makers of this app claim that it can improve the IQ of a user, and improve intelligence and memory. The app is fun and is user friendly, and 30 minutes a day can fetch you results in less than three weeks.

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        Buy for $3.99.

        5. Happify

        If nothing else makes you happy in life, this app will. Well, this is what the developers claim at least. This app comes loaded with lots of quizzes, polls and gratitude journals, which work on the fundamentals of positive psychology. The app also helps to control stress and emotions to make you feel better.

        Free to use.

        Happify-Mind Training Apps-Lifehack

          6. Clockwork Brain

          You will like the little gold robot that comes in every time to explain the next game you are going to play. While the games are not much different to those offered in apps such as Luminosity, the look and feel reminds me of a workshop from old times.

          Free.

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          Clockwork Trsin-Mind Training Apps-Lifehack

            7. ReliefLink

            Initially created as an app for suicide prevention, it has found its use as a great app for tracking the mood of the user by taking measure of all things relevant to the user’s mental health. In case the user experiences high emotional stress, the app has a coping mechanism that includes voice-recorded mindfulness, exercises and music for relaxation. There is also a map that informs the user of the nearest therapist and medical facilities for mental health treatment.

            Relief Link - Mind Training Apps - Lifehack

              8. Eidetic

              Eidetic is a memory enhancement app and uses a ‘spaced repetition’ technique to help users memorize information such as important phone numbers, words, credit card details or passwords. It also notifies you when it’s time to take a test to see what you remember, so that you retain information in your long-term memory.

              Eidetic - Mind Training Apps - Lifehack

                9. Braingle

                Braingle helps to maintain the sharpness of the brain and improve the reasoning ability of a person through riddles and optical illusions. It is different from other brain training apps that employ memory and reaction based tests. You can also compete with your friends and family members in figuring out the fun riddles.

                Free.

                Briangle- Mind Training Apps-LIfehack

                  10. Not The Hole Story

                  If you have a penchant for solving hard riddles, then this app is a must-have for you. Filled with exclusive riddles along with a simple-to-use interface, the app gives you riddles that you have to solve through a book. You will be given hints along the way, and when you give up, the answers will be revealed. This app will encourage you to broaden your thinking and put your mind to a challenging test.

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                  Free.

                  Not the hole story - Mind Training Apps - Lifehack

                    11. Personal Zen

                    This fun brain training app follows the journey of two animated characters who travel through a field of grass. Personal Zen is a nice app meant for reducing anxiety and trains the brain to focus on the positive aspects. The developer’s advice is to use the app for 10 minutes a day to see the best results.

                    Free.

                    personal zen- mind training apps - lifehack

                      Featured photo credit: NeONBRAND via unsplash.com

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