The MindSalt Blog
Trends, best practices, and tips to help control costs and increase profitability.
Financial problems are the biggest threat to small business success. Confusing tax regulations, health insurance complexities, a lack of available capital, and old-fashioned disorganization all pose a risk to a company’s bottom line. Not sure how to make sure your company stays the course? Start with expense tracking. Here’s how to do it well. What…
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Everyone knows that starting and running a small business is a labor of love. It’s not a job – it’s a passion. But with all the focus on the end-game product or service, it’s easy to forget about the smaller tasks necessary to run a successful business – things like admin and record-keeping and invoicing.…
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There are several time and expense reporting options on the market. How do you know which one is right for your business? While most appear to offer similar services, the difference is in the details. Here are the features that set MindSalt Time & Expense apart from the competition. MindSalt Time and Expense Reporting Features…
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Today’s remote employees have a wealth of platforms available to help them collaborate with team members, communicate with clients, and track productivity. With so many tools, is a time and expense reporting platform really necessary? Here are five reasons remote employees should invest in a time and expense reporting system. Benefits of Time and Expense…
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Information security is paramount – especially when it comes to your company’s financial information. The impacts of a data breach can be devastating and long-reaching. But beyond the financial implications, failure to ensure the security of your information can affect client relationships, public perception, and the accuracy and completeness of your company’s records. A financial…
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Most people know that timesheets are useful for processing payroll. But a timesheet tracking program can provide more information-rich details that can streamline business practices, hold employees accountable for productivity, and serve as an effective tool for project managers. Here are six types of businesses that can benefit from a detailed timesheet tracking strategy. Six…
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Tracking expenses is a necessary part of any business. And the larger your company grows, the more employees you’ll have incurring business expenses. Whether you’re making large purchases, have recurring receipts, or are just trying to help your sales team get a handle on their expense reimbursement requests, here are 10 tips to help keep…
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As businesses grow and change, it’s important to streamline business processes. A lean company is a more profitable company, and simplifying procedures eliminate unnecessary costs and maximizes staff time. Expense reporting is a necessary practice in any business; it’s also one of the easiest to automate. While the logistics of switching from a manual system…
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You’ve considered switching your paper-based timekeeping processes to a digital platform, but you’re concerned that the headaches of implementing and managing a new system might outweigh the benefits. If you’ve been hesitant to switch to online time tracking software, here’s how it works – from start to finish. Steps to Using Online Time Tracking Software…
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As businesses grow, business processes need to change, too. While a paper filing system, customized complex spreadsheet, or simple accounting software may have worked in the beginning, eventually those methods become time-intensive to maintain. They are also rife with the potential for mistakes and data failures. Expense reporting software makes complex financial processes easy, but…
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