Archivo por meses: marzo 2015

A Global Vision of Payroll in your Business

Organizations try to expand operations globally, a lot of the processes necessary to run a successful business are complicated, or require more attention. Payroll is one of these processes.  The numerous options to evaluate payroll services can be overwhelming. Outsourcing the payroll implies, that the price you will pay depend on your company’s size, needs, and number of employees. It is a good decision to contact payroll experts and providers, but before, we have to adjust our plans and expectations.aeafr

Payroll does most of the things more important to a business: Paying the employees in a way that complies with national, regional and local laws and regulations and paying employees on time with the right amount.

For these reasons, developing a similarly global payroll process is often a challenge, that most companies have not yet overcome.  A lot of companies have found a provider able to handle their fully outsourced global payroll process; most of them have a mix of in-house and outsourced payroll and a process that is handled completely in-house.  The lack of full outsourcing is due to some issues in the marketplace; like the low-level of maturity in the payroll outsourcing market and the lack of confidence that providers can deliver end-to-end solutions.

Companies with global operations use various payroll outsourcing models based on the needs of the local operations and the capabilities of available providers. Instead of allowing local employees to manage payroll, and treat the subsidiary as a separate entity. While other companies, maintain centralized control over international payroll operations with little autonomy at the local level and manage their entire enterprise, including payroll, as one global entity. What keep global companies from moving to a global payroll solution are the costs and taxes. Also the doubts about the provider being not able to meet the company’s requirements and needs.

The market for payroll services is very competitive, many providers offer packages geared specifically toward mid-sized or small companies. Basic payroll processing has a per-check fee or per-employee, in addition to the base account fee. While base account fees vary widely from one provider to the next, you can expect to pay a certain amount . To keep expenses under control, it’s best to define your needs ahead of time and search for a provider with an-all inclusive package that will address your requirements, like accounting in chile.Etude-remuneration-walters-people-2015-penurie-supply-chain


Tricks used by Successful Entrepreneurs for your Business

There are thousands of great entrepreneur success stories that inspire and challenge us to be better versions of ourselves. Perhaps the most surprising thing about successful entrepreneurs is that their success sometimes comes from the most unlikely places. We hand-selected these entrepreneur success tricks they used to become successful long time ago, and still useful nowadays.thumb-328420_640

First of all, this is a brief list of the basic tricks that will help you to continue on the road of being an entrepreneur, and when this tricks are applied in your small business is what makes you a successful entrepreneur:

Love what you do: Choose something that is in line with your own personal interest and passion, then it never seems like work. If you don’t love what you do, it’s hard to be successful, this helps you stay positive after all, you need to maintain your optimism. And don’t be afraid to fail

Have Mentors, Coaches or Masterminds around: You can’t know and do everything. You must rely on others.  Surround yourself with great mentors. They will help you to improve the development and growth through advising from their mistakes and successes.

Come up with innovative ways to solve problems: New ideas and projects that will help others are great ways. Necessity really is the mother of invention. Coming up with out-of-the box innovations will improve your business in different ways, so keep your creativity up.

Plan, Set Goals and Celebrate: Organize your plan of attack. Set realistic benchmarks and meet your own deadlines. Challenges are unavoidable. When you hit a road bump, try it again different, so you can continue moving forward. Detach yourself from all the little distractions. Celebrate when there is something worth celebrating to keep your eyes on the prize.

Here are tricks you can do right away at your small business with minimal costs:

  • Creating a working group: These working groups are also a great resource for your first-time customers. You can create a place to share tips on how they can use your service. Use an online forum, so your customers can help each other out.
  • Giving away cool gifts for your best customers:  Clothing, bags, stickers, pens, cookbooks and calendars are good ideas.
  • Showcase exemplary customers: A simple gesture like a customer of the month recognition nurtures customer loyalty. It is all about promoting your customers.

Here are tricks you should consider as you scale your business:

  • 14387365942_ff542892a4_hOutsource the payroll: Choosing to outsource the payroll ,we can avoid investing in training and payroll software. These are reasons why choose an outsourced service like payroll in Chile, is a right choice.
  • Outsource your design: A good way to project the impression of a large team is a great design. There are so many great places to find high quality designers at affordable rates.






4 Basics for Small Business Accounting

Many businesses spend at least four hours every month on payroll. Over the course of a year, means a full work week.aeaaa

With professional companies like, payroll in Chile, you can run payroll in minutes, not hours. We want to share some basics that will help you to master accounting.

As a small business owner, accounting can be a complicated. You are busy selling to customers and it is tempting to worry about how to account for it later. Without proper accounting practices, you may be exposing your company to working capital shortfalls or tax penalties. Take some time and learn to master this four basics for small business accounting.

 Set-up your cloud based accounting

The days of doing your accounting on old software is over. There are numerous cloud-based accounting solutions that you should consider. By moving to the cloud, you can connect your accounting provider to other cloud-based applications, from time-tracking, expense management, and of course, payroll. Since many third-party accounting firms also use the latest software, it is important to pick a software solution that scales as you grow.

Decide on your accounting method

There are two popular accounting methods: Accrual accounting and cash. Depending on the method you choose, you can have a meaningful impact on visibility into your business operations.

  • Accrual Accounting: This type of accounting recognizes revenue and expenses when they are earned, regardless of when cash is paid in or out.
  • Cash Accounting: Recognizes revenue when cash is received and expenses when cash is paid out. With this method, there is no accounts receivable or payable.

Which one is the best choice? While most small businesses start with cash accounting, as companies grow, they adopt accrual accounting because it monitors a company’s long-term financial health. It also follows accounting’s matching principle.

Invoicing online

As your business grows, it is important to make sure you are getting paid. The traditional way of invoicing is to send invoices to your customers by the end of your billing period, typically through a simple mail. As you can imagine, a lot can go wrong in these situations. Your invoice can get lost in the mail and it is time-consuming  to follow-up if the customer is late to pay.

To stay on top of your invoices, start invoicing online with a cloud-based accounting provider and collect your payments online as well. An online service can help you:

  • Accept payments online
  • Automate follow-ups
  • Track the work throughout the engagement
  • Create an online paper trail for clients and regulators

Track your expenses online

Just as getting cash more quickly into your business it is vital, to track your expenses closely. One particular area where small businesses get tripped up is collecting, recording, and managing receipts.

In the other hand, this is a common mistake made by novice and seasoned entrepreneurs alike. Receipts can become faded and unclear, or lost. The impact on your business can be very meaningful, particularly around tax time. Without proper expense management, you may miss expenses on your tax return, which means less deduction. You may also end up triggering an audit.

Poor expense management means you have poor insight into your company’s spending. Rather than wait until tax day to organize your expenses, you should consider tracking them as close to real-time as possible to manage your company’s operations daily.


Most cloud-based accounting providers have an export and import function for expenses that tie into your credit card and bank accounts. There are also providers, like accounting in chile that help you manage expenses and track reimbursements.