Download
1 / 3
30 likes | 37 Views
With the number of coronavirus positive cases increasing by the day, the entire global economy is taking a big hit. And even though relaxations have been given by the government, every small business and manufacturing unit is crushed under the pressure of maintaining their books, payroll and stabilizing their financial positions. Online bookkeeping services are ensuring that businesses do not sink under the pressure. By taking payroll and stabilization of financial position into their hands, online bookkeeping accountants have transformed their roles to consultants.
E N D
COVID-19 Pandemic: How to Prepare Your Business With the number of coronavirus positive cases increasing by the day, the entire global economy is taking a big hit. And even though relaxations have been given by the government, every small business and manufacturing unit is crushed under the pressure of maintaining their books, payroll and stabilizing their financial positions. Online bookkeeping services are ensuring that businesses do not sink under the pressure. By taking payroll and stabilization of financial position into their hands, online bookkeepingaccountants have transformed their roles to consultants. Keeping all this in mind, it has become significantly difficult to keep the cash flow going. Since everything is shut down amid the lockdown due to the coronavirus outbreak, means of generating revenue have been shut down. People are not allowed outside their home; manufacturing units, movie theatres and shopping complexes have been shut down; the entire global economy is on the verge of major depression. So, amidst this pandemic, how can you run abusiness? How can you continue operations? How can you help protect employees and customers? How can you handle your finances as well as company operations without leaving either one behind? Let's find out the answers to some of these questions. 1. Check Your Eligibility for Operations Even though businesses and routine activities have been shut down, the government has allowed businesses to operate, the only condition being that employees have to work from home or under proper sanitization regulations. Keeping this in mind, handling your financials as well as your operations becomes a challenge. This is where hiring
online bookkeeping servicescan come in handy. Using online accounting software and cloud computing, online accounting and bookkeeping services can handle your finances from any location, taking this tedious task off your hands so you can focus on your daily operations amid this pandemic. 2. Safeguard Employees and Customers Next up is ensuring the safety of your staff and customers. Make sure everyone stays home, everyone is on the lookout for the symptoms of this virus, and ensure regular temperature checks are being maintained by every staff member. To ensure temperature checks, start by forming a group and instruct every employee to measure their temperature and report it. This makes sure that you are keeping a track of every employee's medical condition. 3. Familiarize Yourself with the Latest Understanding of the COVID-19 Virus Staying inside is important, but understanding how this virus is spread, what are the common symptoms, and how you can protect yourself is also important. So, keep a track of the number of cases in your geographical locations, and nearby cities. Stick only to official information - there is a lot of buzz around coronavirus and how it spreads, some of it is not trustworthy, so familiarize yourself with the latest understanding of COVID-19, but from authenticated sources only. Other measures you can take to control the outspread:- Clean your hands often Avoid close contact with others, particularly large groups Stay home if you’re sick Cover coughs and sneezes Wear a face mask if you’re sick Clean and disinfect surfaces frequently 4. Alter Your Sick Leave and Other Attendance Policies If the government has allowed your business to operate, keeping the sanitization guidelines in mind, make sure to alter your sick leave policy. The symptoms of coronavirus include cough, cold, and other normal flu symptoms, so make sure regular temperature checks are levied on the reception and if anyone is even remotely sick, send him/her home. 5. Communicate Online and Use Cloud-Accounting With the advent of technology, it is possible for businesses to communicate with their clients securely. As far as accounting or financials are concerned, there have been several advancements in the online accounting systems for small businesses wherein
financial data is uploaded on a central online server and the clients can have access to their data from anywhere. So, make sure you use online bookkeeping software or cloud-accounting to access your financial data. How to make sure your Business Operations are Running During this Pandemic? No sane organization would want to shut down their business, but in an uncertain situation like this, it is the public's best interest not to operate or operate from home. For most industries, businesses can continue operating while adhering to government guidelines related to limited workforce and proper sanitization of the workplace. Use these tips to keep your business up and running and hire online bookkeeping services to take care of all your bookkeeping needs during the COVID-19 pandemic.
