Credit Card Processing, Security and PCI Compliance

How to Identify Credit Card Skimmers at Your Business

This type of theft is most common at retail outlets where credit cards are handled by employees – most frequently restaurant and bars – or where card terminals aren’t regularly monitored, such as at gas stations. As a business owner, it is important to know what to look for to avoid risk to your consumers,…

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Credit card skimming (or “shimming,” in the case of chip cards) is a form of theft by which credit card information is stolen with just a small bit of technology, typically installed at the credit card terminal. Thieves install “skimmers” or devices to read and save card information undetected.

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Accounting and Finance, Business

QuickBooks vs Xero vs FreshBooks

As a small business owner, freelancer, or entrepreneur, your most precious resources are time and money. In fact, spending time managing money is probably something you do a lot. There are always invoices to be sent, bills to be paid, time to be tracked, and reconciliation to be done. The days of relying on Excel…

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Accounting software can be a blessing or a curse, and it all depends on choosing the right program for your needs.

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Business

Task Automation for Administration

Many businesses look at where they’re making and losing money purely from a financial perspective — What is it in the business that contributes to the dollars on the bottom line? That’s certainly necessary, but it doesn’t tell the whole story. There’s another vital aspect of getting the most out of your business: spending your…

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Task automation is all about efficiency and making sure you and your team focus efforts in the right places.

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Accounting and Finance, Business

Beginner’s Guide to Profit and Loss Statements (P&Ls)

You’re excited about the creation of your business. Your hard work is coming to fruition and your business is going live. Even if your entrepreneurial spirit isn’t particularly geared toward financial accounting, it’s a crucial part of your business’ success or failure. Fortunately, there are P&L templates available, and accountants are very accustomed to helping…

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No matter what items you sell or services you provide, a profit and loss statement (P&L) is essential and required by the Internal Revenue Service.

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Business

Chatbots for Business: What You Should Know

Industry analysts point out that while many mobile apps are rarely used more than once, over 2.5 billion people actively use instant messaging apps every month. Users of WhatsApp, the most popular chat platform by far, spend an average of nearly 200 minutes each week actively using the app. This makes chatbots as essential of…

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Chatbots are being touted as the next big thing in technology, with everyone from tech giants like Facebook, Google, and Microsoft to Taco Bell, CNN, Amtrak, HSBC, the NBA, and Disney using them.

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Accounting and Finance, Business

3 Steps to Create a Solid Expense Account Policy

Employees with expense accounts pay for business-related goods and services with the understanding that they’ll be reimbursed. It makes things easier for staff members who travel, entertain clients, or otherwise need to spend money in order to bring sales and profits to your business. The more profit you can get out of your business the…

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Expense accounts are financial allowances offered to particular employees to cover business expenses. But they’re also a common place to “leak” cash, and if you’re not careful, they could be costing you.

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Business

Customer Service Costing Too Much? Here’s How to Fix It

Every cent you spend on operational costs eats into your profit margin. As a responsible business owner you want to reduce those costs as much as possible. While many of your expenses are fixed or non-discretionary (e.g. rent, utilities, salaries, etc.) there are several areas of your business where you can make better financial decisions….

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Many business owners think of customer service as “just one of those things” and write it off as a necessary expense. But with a little effort you can reduce the costs of providing customer service and improve your customer’s experience.

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Buying Groups

Premier Healthcare GPO and Alliance Review

This review is part of our directory of buying groups/group purchasing organizations. Buying Group Name: Premier Industry/Specialty (if applicable): Medical Number of members: 130,000+ (including 3,750 hospitals) Website: https://www.premierinc.com/ It has two offices – one in Charlotte, NC, and the other in Washington, DC. The group leverages its purchasing power to benefit members and reduce…

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Premier is a purchasing group and alliance for healthcare providers.

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