Why do businesses need a bookkeeper?

Bookkeeping is important for maintaining accurate financial records. Nevertheless, many companies have not been able to implement this integration process. By keeping accurate records, you’ll be less likely to have to deal with frustration in the future.

Here are the few things you need to know on why you should hire a bookkeeper:

1.    Useful for accurate budgeting

Bookkeeping is essential to any enterprise as it makes it a lot less difficult to finance. With your profits and charges well organized, it’s easy to check your economic assets and costs. Finance creates an economic roadmap for your business. With finance in place, you could plan for destiny charges on your business to assist with growth. If you don’t hold correct and updated books, it’s tougher to get correct finance as it`s all, especially guesswork.

2.    Prepare for taxes

Annoyingly, businesses must file their taxes at the end of the tax year. With the accounting process in place, you can prepare your financial information for the tax season and tax officials will not be disappointed.

3.    Organize records

The last-minute stress of finding a significant deal can miss the deadline and some small mistakes can creep in. Companies of all sizes cannot afford to make mistakes.

Regular accounting can help with that. You can keep an organized record by doing your books frequently, tracking them, and not waiting for the last second. Over time, it will be much easier to find the information you desperately need on the fly.

4.    Easy to see business goals

All businesses want to grow, but poor financial records can prevent them from growing at the desired rate. Setting growth goals is not easy without the exact numbers and data to analyze.

Again, that’s because you guess everything and you’re very disappointed that you didn’t reach the goals you set earlier. By tracking your books and maintaining regular financial records, you can better define your business goals and drive growth.

5.    Meet government regulations

We all recognize that the authorities usually come out with a brand-new initiative that’s specifically to make matters less complicated for them.

That’s exactly what it says the tin-businesses need to start processing taxes digitally using applications and software. In this case, not only do you need to make your book, but you also must use the app for it.

6.    Provides additional security

As an entrepreneur, you don’t want to have bookkeeping issues in addition to your daily work. If your books are perfectly neat, they will no longer drive you tonight. Rest assured that your company’s financial information is ready to be verified without worry. Rest assured that you can focus on other areas of your business.

7.    You learn in the process

Bookkeeping can teach you more than you think about your company’s finances. Everything you learn will help you make smarter business decisions.

What is the average salary for a bookkeeper in Chattanooga?

Salary ranges of bookkeepers vary widely depending on multiple factors such as experience, skills, programs used, education, and location. These are just some of the elements that affect the salary rate of a bookkeeper just like any other employee. For today, we are going to talk about the average salary for a bookkeeper in Chattanooga.

According to salaryexpert.com,  the average total salary of a bookkeeper in Chattanooga, Tennessee is $ 40,554, or an equivalent hourly wage of $19. This is 11% lower than the average salary of US bookkeepers($ 4,890). What’s more, they get an average $ 689 bonus. Payroll estimates are based on payroll survey data collected directly from employers and anonymous employees in Chattanooga, Tennessee. An entry-level accountant (13 years of experience) has a median salary of $ 30,365. On the other hand, the average salary of a senior accountant (more than 8 years of experience) is $ 49,054.

Where to hire your bookkeeper?

Your business may be growing, and you are having a hard time doing all these things by yourself apart from all your other tasks.

Here in Workergenix, our mission is to provide you with dedicated, college-educated, motivated Virtual Professionals (VPs) to handle your business and personal tasks. The Virtual Professionals can help you with your bookkeeping needs and are skilled in using accounting software to maintain accurate and up-to-date financial records.

For as low as $13.19/hr, you can get a dedicated Virtual Professional who will work for you for up to 8 hours every day. Plus, our service requires no payroll tax, W2, or 1099 paperwork. You can get the same benefits or even MORE, by paying less compared to the average $19/hr salary rate of a bookkeeper in Chattanooga, TN. Irresistible, right?

Simply fill out the following form to schedule your free, no-obligation, consultation today, click here.

How Can A Virtual Professional Help You Grow Your Business?

Hiring a virtual professional is one of the best ways to utilize employees to relieve the strain of daily company responsibilities from busy business owners. The efficient and precise skillset of the virtual workers will help the company to produce quality services and products.

The use of virtual professionals is becoming more and more popular among business owners who are utilizing technological advancements. They can connect and cooperate with their employees no matter where they are in the world thanks to online and cloud-based applications. There is no longer a shortage of talent in the area for these business entrepreneurs.

Since it helps business owners cut costs (such as rent and equipment), hiring virtual professionals has gained popularity as a staffing alternative. However, it is not without its difficulties. We’ll cover the advantages of hiring virtual workers in this post along with some potential drawbacks. To construct a remote team successfully, we’ll also look at strategies for managing the difficulties.

The Benefits of Employing Virtual Professionals

In actuality, there are enormous advantages for your business as well, particularly when you consider the possibility of assembling a professional team of employees from anywhere.

  • Acquiring a Global Skillful Professional

The higher the chances that you can get the best employees to work for your company when you consider the options and the number of applicants you can have a virtual professional is an innovative way to access the global talent pool in different fields of industry. If you acquire an employment candidate with the geographic area, you may just have a limited grasp of talented workers you can access and end up with the unguaranteed person you want for the job. By surpassing the borders of geographic restrictions and considering virtual professionals, you can gain access to globally talented workers. There’s a lot of exceptional talent outside of your “own backyard” that may be willing to take on projects at lower pay.

  • Higher Productivity 

They will be more productive than their on-site counterparts if you are wise in your hiring decisions and select competent, self-driven virtual professionals. This may sound contradictory because some business owners believe that carefully watched personnel create more. However, virtual workers are more likely than on-site workers to put in extra hours. They are not summoned into impromptu meetings or subjected to idle office banter when they work from home, which helps them avoid the distractions that come with working in a traditional office setting. 

The configuration of the productivity of the workers does not only describe one setting but on the capacity to be efficient and precise in the job done at different times or places. Not everyone can perform well during actual office hours; some are night workers and they peak their productivity during evening hours while others are more productive in their convenient setting.

  • Reducing Expenses

The majority of businesses will experience the biggest cost savings in their office space. As stated by Opportunity Business Loan, 2022, a company can save $10,000 per person per year on office space expenditures by hiring remote workers. If you multiply that by 25 workers, the savings become significant. 

Having personnel on-site entails additional overhead expenses. With a virtual professional, you can save money on things like computers, furniture, office supplies, heating and cooling, power, and janitorial services. Additionally, when workers can work from home, they are less likely to call in sick or due to bad weather.

Virtual Professionals are simply reducing the payables of the company by not using the facilities or offices to do their job. Businesses aren’t the only ones who benefit financially from remote employment. Remote workers avoid paying for gas, public transit, automobile repair and maintenance (as they drive their cars less), dry cleaning, and corporate attire by working from home.

  • Employees Excluded Commute

Not all the workers have their cars used for work to travel from their respective homes to the offices they work in. Due to heavy traffic, there are times that they can be late for their work and stressed out. It can be awful, as anyone who has ever experienced bumper-to-bumper traffic on the way to or from work will attest. Even worse, workers aren’t paid for this time. Undoubtedly, this makes an employee’s commute much more frustrating.

The ability to avoid a commute results in happier workers. A happier employee will probably be more productive, which will ultimately increase your bottom line. The ability to work from home and the elimination of the commute have a significant influence on an employee’s decision to stay with a company.

Where can you get the best Virtual Professionals?

With a multifaceted and systemized solution to initiate, track, and manage tasks with their clients efficiently, Workergenix’s virtual professionals are the best solution for growing your business. Virtual professionals from Workergenix free your time to focus on the most profitable tasks. Save yourself from the time-consuming hiring process as Workergenix will do it for you. You are assured of being matched with the best candidate that suits your needs. All Workergenix employees are college-educated professionals who are experienced and skilled in assisting business owners with the tasks they require. Our business specialist will discuss this with you during a free consultation. Simply fill out the following form to schedule your free, no-obligation, consultation today: workergenix.com

Vital Interview Questions for Job Applicants

Are you planning to get your employees? Are you struggling with how to get the best candidate fit to your specific needs? Learn more below for some tips on how to successfully interview an applicant and get the one you’re looking for.

Tips To Remember

The best way to evaluate a candidate for both skill fit and culture fit is to ask questions particular to the company or role, as well as broader questions that allow the applicant to demonstrate their personality and ability to think critically under pressure. 

When interviewing a candidate, you must gather as much information as possible in a short time. It’s difficult to learn enough about a candidate to determine whether they’re a good fit for a role but by asking good interview questions, you’ll not only get a better sense of their skills and experience, but also of their conversational skills, emotional intelligence, problem-solving abilities, cultural fit, and ability to think in critical situations.

Reviewing frequently asked interview questions and knowing what to look for in candidate responses can help you prepare for effective interviews. Plan a list of interview questions ahead of time to help remain unbiased and get everyone associated on the same page. Most interview questions have no right or wrong answers. Instead, look for skills, motivations, values, and experience that demonstrate a candidate’s ability to perform well on the job and contribute to your culture. Consider conducting a job interview with a mix of behavioral, situational, and competency-based questions.

Vital Interview Questions to Ask Candidates Used By Successful Indeed Recruiters

What career accomplishment makes you most proud?Tell me something about yourself that isn’t on your resume.Why do you want to work here?
What made you want to apply for this position?What are your greatest weaknesses/ strengths?Tell me about a difficult work situation and how you overcame it.
Why are you leaving your current employer?Tell me about a time you had to manage a particularly heavy workload. How did you handle it?Describe a time when you had to work with someone whose personality or work style was very different from yours.
What are your long-term career goals?How do you want to improve yourself in the next year?How would your previous coworkers describe you?

Note: While there are candidates with overflowing qualifications and skills and candidates with fantastic resumes, sometimes it’s also good to consider hiring people who are pleasant to work with. Sometimes, it’s not about the skills. It’s also about choosing the best candidate based on their personality. No one will put anything bad on their resumes. Hire is based not only on skills but based on their attitudes. Attitude is a better indicator of success than skills. You can train someone with any skill but you cannot train that someone to be loyal, kind, hardworking, or empathetic.

Pro Tip: No time to interview and hire the best candidate for your needs. Workergenix has your back! Save yourself from time-consuming job ad postings to hiring hundreds or even thousands of applicants. Workergenix aims to assist business owners in growing their brands by providing an innovative and multifaceted approach to doing your business’ daily tasks just by tracking virtual professionals. Workergenix’s virtual professionals are experts in different industries plus they are people who are pleasant to work with and can adapt to any work environment. At an affordable price, you can get your own employee with no HR overhead or payroll taxes. 

So what are you waiting for? Inquire here: workergenix.com

AM Networking | Springhill Suites Ooltewah

Horray! Here’s a new upcoming business opportunity networking event for you. Are you located near the area of Chattanooga? If yes, this is the chance for you to expand your network with professionals and business owners. Enjoy and learn with business professionals from around Chattanooga for hot coffee and networking.

Details about the event:

On Wednesday, 17th of August from 8 AM to 9 AM EDT, Springhill Suites in Ooltewah is hosting an AM Networking event with an average of 100 business professionals from Chattanooga for hot beverages and networking. The event is FREE as this is also the first event for August and will be placed at Springhill Suites Ooltewah 8876 Old Lee Hwy., Ooltewah, TN 37363. This event is also associated with Chattanooga Area Chamber of Commerce Members and is coordinated by the event organizer Melisa Martin. The discussion will be hosted by professional business speakers from different industries where you can also learn more about how to do the brand expansion.

Want to get more information about related events? 

Workergenix with its virtual professionals will gladly update you. Just subscribe to our newsletter so you will get updated with business tips, relevant business information, and future events like this. 

Fill out this form to be updated: workergenix.com

Source:

How can a Virtual Professional Help You to Spend More Time with Your Family?

When you’re a business owner, it feels like there are never enough hours in the day. You can feel like you’re constantly buried in paperwork and admin, and then your business starts to suffer from the lack of attention

But how much time do you actually spend on administrative tasks?

The average small business owner spends 4 hours every day on administrative tasks. That’s about 1/3 of their day! That’s right: one hour every day and that’s the time that could be spent with your family, or doing things that you love, Post Content or even just relaxing

Do you ever feel like your business is taking over your life?

You should.

It’s time to take back control of your time and let me help you out with the business side of things.

We want you to be able to spend more time with your family—and we know how hard it can be for entrepreneurs to find the time for their loved ones. That’s where Workergenix comes in, which will allow you to focus on growing your business and spending more quality time with those close to you.

We are here for you to take care of all the administrative tasks so that you can focus on what matters most: being with your family!

Want to talk more about our services? Send me a message and we can talk about how Workergenix can help you free your time and unlock your potential!

Click the photo above to schedule a free consultation.

Why Workergenix?

Running a business generally requires the commitment of several tasks and obligations. It can be stressful in many circumstances, and you may require daily support. Our dedicated virtual professionals free you from all the things you’ve been meaning to have someone else do while increasing your accountability to achieve more.

Here are the things you need to know about Workergenix and our Virtual Professionals:

  • Workergenix’s one-of-a-kind virtual professional management system offers our clients a highly streamlined system for initiating, tracking, and managing tasks with their assigned virtual professionals. This system enhances efficiency, recognizes bottlenecks, and makes communication more accessible. All Workergenix virtual professionals are available to our clients via email, chat, phone, video conference, and a task management portal provided by Workergenix.
  • Workergenix boosts our client’s business and personal endeavors by providing a simple, low-cost solution that frees up their time to focus on what matters.
  • Workergenix provides dedicated, college-educated, motivated virtual professionals (VPs) to our clients to handle their business and personal tasks. Clients receive all of the advantages of dedicated professionals without the costs of hiring, human resources, benefits, payroll taxes, work culture maintenance, basic IT infrastructure, high employee turnover, and skyrocketing labor costs. Clients can be confident that their VPs are well compensated with industry-leading pay, benefits, and training systems, ensuring that our clients’ VPs will stay with them in the long run.
  • Working with Workergenix virtual professionals provides clients with increased accountability, which is an incredible benefit. This increased accountability fuels their internal productivity fire, resulting in incredible life-changing results. Membership in our exclusive monthly Workergenix Mastermind, where we learn the best ways to optimize productivity and live our ideal lives, is a bonus for all Workergenix clients.

You don’t have to worry about the small tasks anymore. Having an extra hand on projects is essential to your business growth. 

Workergenix provides successful individuals and businesses with the dedicated virtual professional you need to handle all these tasks to give you more time and focus on your primary goals!

Follow the link below to schedule your free consultation: workergenix.com

What Is A Virtual Professional And Why Do You Need One?

Virtual Professional is a competent individual employed by a company but works outside of a traditional office environment. They are not simply remote workers; they are professionals who are hired for multiple types of jobs in many industries.

Having your own Virtual Professional helps your businesses unlock their potential in so many ways possible. Imagine having an employee taking over multiple roles rather than the typical restricted to one position. Imagine how many tasks they can take off of your plate. This will give you the opportunity to focus on more important duties you’ve been eager to jump on, or even finally book your long-awaited vacation.

Benefits for your company include but are not limited to time management, cost-effectiveness, and productivity. Let’s get you more time and fewer tasks. Offload those tasks you spent too much time working IN your business rather than ON your business. Make sense?

VPs or Virtual Professional may serve as a one-man team you can trust. VPs can be your Executive Assistant, Personal Assistant, and Tech person wrapped in one.

VPs can help in managing your personal errands such as calling the repairman, following up on that late parcel, and calling the help center regarding a problem with your personal purchases. Don’t sweat out the small stuff, your VP will do that for you!

VPs may act as your Executive Assistant as well. They are good with calendar management, scheduling your meetings with clients and suppliers, and representing on your behalf to simple meetings while you’re comfortable enjoying your business trips.

VPs are also tech-savvy which will be advantageous to your operations. They can prepare sleek presentations for your business proposals, client meetings, and marketing campaigns. VPs can help your team in managing your social media accounts and may provide you with additional ideas towards reaching your goals and the success of your business.

Save yourself from the hassle of hiring another on-site employee limited to only one role.

Where can you hire Virtual Professionals?

Workergenix can provide you with dedicated, college-educated, motivated Virtual Professionals (VPs) to handle your business and personal tasks.

Workergenix will help you turn your worries into solutions for success. Don’t sweat it out. Let’s equip your business with reliable employees now at a very affordable rate. No need to worry since our service requires no payroll tax, W2, or 1099 paperwork.

Follow the link below to schedule your free consultation: workergenix.com

Things To Consider For Business Growth

  1. Time Management

Time management plays a vital role in productivity. When planned wisely, it helps highlight priorities and increases focus on projects, goals, or people that matter the most for your business. One tip successful entrepreneurs suggest is to allocate significant time to grow sales. Time blocking helps to focus your efforts on specific tasks for specific times to ensure your goals are achieved. To learn more on how to organize your workday, here’s an informative article that tackles all the things you should know:

https://blog.rescuetime.com/time-blocking-101/

2. Commitment and focus

As Bill Gates wisely noted, “Great organizations demand a high level of commitment by the people involved”. Commitment to the business gives the momentum to keep going, especially during challenging times, and builds your business even better when times are doing great. Focus on modern business strategies to improve your system. Hire equally committed individuals you can trust to do tasks professionally on a long-term basis.

3. Develop Processes

Set up processes in everything you do – Sales, Recruitment, Accounting, Marketing, and so on. Having templates or procedures guides the employees and keeps the operations running according to your desired standards. It helps everyone work with minimum supervision, freeing you from unnecessary time-consuming monitoring responsibility. Set benchmarks that your employees must meet after reading proven effective business processes. Here are some of the best book recommendations this 2022: 

https://solutionsreview.com/business-process-management/the-top-best-business-process-management-books/

4. Delegation

There is a popular saying among entrepreneurs that it is advisable to “Work ON the business rather than IN the business”. One of the greatest challenges a business owner faces is learning how to let go of the old methods and stop doing everything on their own. Business has changed a lot in the past decades so there is an urgency for improvements. Build a highly competitive team and start delegating tasks to free yourself from workloads. Value your time and energy, and learn to trust by assigning leaders so you can focus on the most profitable and enjoyable tasks in your business.

Don’t just build a business out of your ability, seek the expertise of other professionals. Workergenix is in the business of providing Virtual Professionals trained to do administrative work, social media management, sales, and marketing among others. What areas in your business do you need assistance with? Are you ready to maximize your time, grow your business better, and delegate work tasks? Set a free consultation with Workergenix immediately!  workergenix.com

Top Networking Events For Businesses (Chattanooga)

Let’s talk about networking events for businesses. There are some great networking opportunities coming up in the Chattanooga area. We’ve compiled a list of a few of them to help you network with other local businesses to leverage the power of networking to grow your business! Below are upcoming events to review and join for CHATTANOOGA locals.

Business After Hours – Thursday, July 28th (5 to 7 p.m.) at the Chattanooga Zoo

This event is free for members, $15 if you’re not, and $10 for partner chamber members. This event provides an excellent chance to network with other business executives. While enjoying delicious food and beverages, you can gain knowledge about their businesses or organizations and share information about your product or service.

AM Networking – Wednesday, August 17th (8 to 9 a.m.) at SpringHill Suites in Ooltewah

An event from Chattanooga Chamber that is free for members but might cost for non-members. This is also a perfect opportunity to have discussions with business owners, men, and women in Chattanooga and to network your business. Enjoy having chitchats while sharing knowledge with business owners in different industries.

Live from Chattanooga TN – An Every.Black Entrepreneur Mastermind Meeting

This event is FREE on Monday, August 8th, 8:00 PM – 9:30 PM EDT located at Edney Innovation Center – The Enterprise Center 1100 Market Street, Suite 500, Chattanooga. Sits are limited but it will be streamed virtually on zoom. You’ll be with small business owners, with entrepreneurs of International Masterminds, empowering speakers to discuss books, business entrepreneurship ideas, and their perspectives and insights on entrepreneurship.

Returning Talent Entrepreneurial Expo

The location is at Family Justice Center, 5705 Uptain Road, Chattanooga, Thursday, July 28th from 06:00 PM to 08:00 PM. This event is a business expo for entrepreneurs who have been involved with the criminal justice system. There will be business owners representing various industries.

The Three Martini Lunch National Virtual Networking Event

Cost is FREE and is hosted every Tuesday at 2 P.M. EST. This is also an online event where you meet a variety of entrepreneurs around the globe aiming to establish and grow their businesses too, digitally. This was published by Rockstar Connect, a firm that goals to aid businesses for growth and development.

Minority Business Owners Roundtable: Write Your Business Plan Work Session

This is a FREE event by The Department Of Equity and Community Engagement, City of Chattanooga. The location is in Kingdom Center 730 East Martin Luther King Boulevard Chattanooga, Monday, July 11th from 6:00 PM – 7:45 PM EDT. However, the attendees are limited to 50. Tennessee’s Department of Equity and Community Engagement will host a work session for minority business owners on how to grow their businesses.

Also, as aspiring entrepreneurs, we all know how important time is. When handling a business, we also tend to have repetitive tasks daily such as data entry, email management, social media management, etc. Thankfully, since many of these tasks now can be done remotely, you can now ensure that your time for family and business is not hectic, get someone to do the daily tasks for you. Workergenix is honored to give you a virtual professional who can handle things in your business. They can help you establish your business’s online presence and help you with your business’ growth and development. It’s more affordable than you think. With their years of business experience and training, they are the ones you need for your company’s expansion. 
Consult Workergenix for more information: workergenix.com

Delegate Tasks And Leverage Your Time!

Are you constantly feeling overwhelmed? Running a business is a whole lot of work. You need to be the salesman, the accountant, the marketer, and at the same time, you still have to manage your employees. One way to help reduce the overwhelming things that need to be done is to start hiring a Virtual Professional! 🎉 👩‍💼

Here at Workergenix, we provide you with Virtual Professionals who are dedicated and hardworking and who will contribute to the growth of your business! For as low as $12.69/hour or $1,100/month you can enjoy our Dynamic 20 services with On-Demand Task Handling for up to 20 hours/week!

Not only that, but you can also take advantage of our Dynamic 40 services for only $11.54/hour or $2,000/month with On-Demand Task Handling up to 40 hours/week. 📈

Our services are not limited to Dynamic 20 and Dynamic 40! We also offer Basic: Part-Time, Pro: Full-Time, and Pro+: 8X7x365!

Follow the link below to schedule your free consultation: workergenix.com