7 Powerful Strategies for Scaling Smart: Job Costing Software and Overcoming the Challenges of Growing a Small Business

Here we bring you top-notch, powerful strategies for your business with the most-clicked articles from the Accounting Apps newsletter during w/c 28.5.23:

7 Powerful Strategies for Scaling Smart: Job Costing Software and Overcoming the Challenges of Growing a Small Business | (WorkGuru)

Running a small business can be an exhilarating experience, filled with the promise of growth and success. However, along this journey, small business owners often encounter various challenges that can make the path to success a bit more complex. This blog post explores the challenges faced by small business owners and how the innovative solution of job costing software can simplify your finances, alleviate these pain points, and pave the way for scalable success.

Think Outside the Square on the Accounting Skills Shortage | (CPA Australia) 

Here’s how some New Zealand and Australian public practitioners deal with the scarcity of staff. John Zerella FCPA, founder and managing director of AFM Services in Adelaide, is one of a growing number of accountants taking a creative approach to countering the skills shortage. While Zerella’s strategy at AFM focuses on traineeships for undergraduates, others are exploring solutions like outsourcing and leveraging technology that serves as an extra pair of virtual hands.

Tech Unicorn Employment Hero Builds App to ‘Beat Seek’ | (Financial Review) 

The founder of one of Australia’s most heavily backed technology firms, Employment Hero, says it will ignore the broader start-up sector’s cost-cutting drive, having invested in building a new consumer app he claims will disrupt former recruitment ad industry disruptors like Seek.

How to Use Xero in Manufacturing and Inventory Management? | (MRPeasy) 

Xero is one of the most widely used accounting systems among small businesses. Although the software also boasts some inventory management functionality, serious manufacturers and distributors need to find another way to make it work for their companies. For small businesses, two global players offering accounting software are QuickBooks Online and Xero. This article will look into the latter.

ChatGPT Opens Floodgates on AI-powered Solutions | (Accounting Today)

Normally it takes at least a few years for a technological advance to work its way through the accounting profession, but ChatGPT stands as a stark exception to this rule, going from near-complete unknown status to practically all anyone can talk about within just a few months. Continue reading this article and find out how your accounting practice could benefit from the integration of AI-powered solutions.

Which one of these highlights have you enjoyed the most during this week?