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Do You Really Need a Virtual Assistant?

Do You Really Need a Virtual Assistant?

Many entrepreneurs and small business owners come across a question that whether or not they need extra help. If you are just starting your business or trying to expand it, the necessity to delegate the everyday administrative jobs is a common obstacle. In this article, we will discuss do you need a virtual assistant?

Need a Virtual Assistant

While determining the need for a virtual assistant, many questions cross your mind like is it better to hire in-house or you need a virtual assistant? Is a VA cost-effective? What are the actual advantages to the company and the user if you choose a Virtual Assistant?

Cost-Efficient

The normal salary for a personal assistant is $39k per year, but using a Virtual Assistant service can save you a lot of money as it only costs around $4 to $16k per year which is a tangible saving. And, once you have offloaded those time-consuming responsibilities to your VA, the possible gain in potency and sales can have a significant impression on your company and resources.

Cost-Efficient

Time Efficient

We all have the same limited 24 hours a day. Are you spending them on the most prolific jobs, or is your time consumed by countless emails and scheduling?

Need a Virtual Assistant - Time efficient

According to modern research, ditching repeated, less fruitful assignments can save up to one-fifth of your fruitful time per day. That makes it a saving of one full working day in a week. What you do with an additional day each week now all depends on you.

Hassle-Free

You often encounter times when you require to hire someone to work in your office. Usually, getting the precise person includes a tiresome cycle of recruiting, hiring, coaching, and firing which you repeat until you get the right person. This is remarkably expensive both time and money wise and can harm your office environment.

Need a Virtual Assistant

Using a Virtual Assistant, you are released from the disturbances of payroll costs or granting privileges, and there’s no requirement for office space or supplies. Using a Virtual Assistant service provides you all the privileges of the guidance you require without the troubles you don’t want to face.

Use as You Please

Many growing businesses and entrepreneurs don’t have sufficient jobs to keep a full-time worker employed. Others might need more assistance during more occupied times of the year, but then little or no help during the inactive periods. Some may only want cooperation for the term of a particular scheme.

Need a Virtual Assistant

So, why pay someone a payroll to work 40 hours a week if you only need them for a limited time spam? With a Virtual Assistant service, you have the opportunity to utilize time with them for a couple of hours per week, or several hours per day. And, you can regulate the cost as your enterprise demands change.

Improve Productivity

Whenever you try to start a business, you are liable for such a broad variety of responsibilities that can leave you feeling expanded too thin. If you frequently end the day thinking as you got very little achieved even though you are fatigued, your productivity may be affected adversely by too many small duties.

Improve Productivity

Having someone else to look after all the small beginning steps of bigger assignments enables you to concentrate on the big picture and saves you from being exhausted, ultimately this will help you to improve your productivity and feel less stressed.

Project Billing and Invoicing Using Timelo

Project Billing and Invoicing Using Timelo

If you are sick of all those annoying and incompetent project billing and invoicing software, then welcome you are at the right place. We bring a simple, easy-to-use and most efficient tool that will take care of all your needs including time tracking, project management, payroll, billing and invoicing.

Timelo is the complete software that supports you with the budget and manages projects at affordable prices. It is an extremely user-friendly project management tool that is comprised of all the essential features in a single easy to use interface.

Cloud Based Time Tracking Software - Timelo

Project Billing and Invoicing

Billing is the process of making, and then sending out bills that ask the customers to pay the amount of money they owe you for products, or your services and time.

Project Billing and Invoicing

There are two main project billing choices for projects and jobs you can choose from – charging a flat fee or billing by the hour.

It doesn’t matter what project billing type you prefer, you’ll also have to define your proposed income – this is the sum of money you’ll have to earn in order to pay your bills, meet the expense of your work material and software you use, pay taxes and insurance, but also finally make a profit and hit your target annual salary.

Project Invoicing

There are some fundamental differences between the two kinds of project billing you should analyze before making your decision:

Flat Fee

In flat fee, you charge a fixed, flat fee for a particular product or service you provide. You always charge the same amount for this service, regardless of the material expense or number of hours you spent on it.

Hourly Fee

You charge for a particular service based on the number of hours you’ve spent on it.

Project Billing

Project Billing using Timelo

Pick a billable plan and budget scope for each project. Maintain your project billing the approach you or your customers desire and stay within the boundaries of predicted expenses with our billing software.

  • Add billable programs (task, project, and team member-based rate)
  • Add budget (total project hours, total project value)
  • Edit billing inactive projects

Invoicing

Timelo will help you efficiently with invoicing. Get paid in two easy steps: track time and create personalized invoices based on the tracked data. Time tracking and accounting in one place. Project name, hours, billable cost and client data will be added to the invoice. Using Timelo, you can create personalized invoices.

project Invoicing using Timelo

It is necessary to achieve the top level of detail when invoicing clients, so Timelo allows you to select from many different invoice formats to generate an invoice with the level of detail the client is demanding.

Other Benefits

You surely have heard time is money. Set the timer and start working, Timelo will make sure to count every single second of your billable hours. It will add all your logged hours and billable expenses to an invoice, with just a click.

Timelo - A time tracking software

This time-tracking software will provide your team members role-based access so that they can log their time and monitor their progress. It will allow you to create tasks within a project and assign them to respective team members.

Timelo - A time tracking software

Timelo will provide you a summary of your work in progress so that you can readily analyze logged versus budgeted hours or billed versus unbilled hours for any task and the best part about this amazing tool is that it is providing 15-day free trial with no credit card required.

How to Avoid Payroll Issues in Business?

How to Avoid Payroll Issues in Business?

Generally, a small business does not have any payroll team or an accountant. Normally, the people managing payroll at small businesses have a different entire collection of duties like a head of HR, accounting, marketing, or some other set of business-critical responsibilities. Under these circumstances, it is difficult for a business owner to manage all these tasks at a time. So one needs the best payroll software that should automate as much of the payroll method as possible. Keep on reading to know how to avoid payroll issues in business.

Avoid Payroll Issues in Business

Avoid Payroll Issues in Business

Keeping the best tool helps you avoid the common payroll issues that small businesses face, saving much time for your payroll administrator to concentrate on more important tasks.

Calculating Overtime

Another important factor that a business owner cannot forget while making payroll is calculating overtime. This is the hours worked. It’s essential to remember that every minute that is given to work or work-related tasks count. Activities that often are being neglected in timesheets are for instance travel time for worksites, coaching, and working before or after actual hours or working from home.

Calculating Overtime

To help you track every second worked, we’ve built a tool that is Timelo. Don’t forget to enjoy its amazing features for 15 days for free.

Record Keeping

Every company owner needs to keep the record of all payrolls for at least three years. In some cases even longer. Though, legal necessities are not the only reason to keep your firms’ payroll. The economic data collected in payroll is essential for creating budget estimates for the next years to come.

Record Keeping

One of the most efficient ways to keep your payroll records is to use time tracking software or payroll software.

On-time Payroll

Payroll duties can appear disconcerting when you first start a small business. But with small attention and preparation, you can avoid the typical mistakes others make. Planning will determine that staff is paid regularly and on time – always a pleasant outcome. It will also ensure that your payroll reports are up to date and satisfy constitutional rules.

On-time Payroll in business

Payroll Tax Code

Tax regulations can change for a wide range of purposes, including wages, perks, bonuses, student loans, past employment, and ranking. Get them wrong and you’ll have some expensive recalculations to carry out, not to discuss awkward explanations to the tax officials.

Payroll Tax Code

So keep a record of your employees’ posts and update all adjustments regularly. Ensure that they’re in the right tax zone.

Accurate Time Tracking

Inaccurate time records result in miscounted work hours. This may produce various payroll issues. The best approach to counter this type of error is to put your faith in a software tool that can track time automatically. 

Accurate Time Tracking

You can do it using Timelo Time tracking software that enables you to automatically track time spent on work. Furthermore, to assist you to ensure every employee follows time accurately.

Security Backup

Cloud-based time tracking software also allows you to invite unlimited users to your business. This implies you don’t need to rely on one person for payday and you’ll be able to encourage most of your staff to manage the payroll. You can also determine the access level of employees to ensure that no one accesses data they shouldn’t be.

Security Backup

Payroll is necessary not only from a business point of view but it directly influences your employees so it’s key to the success of your business.