This year, the National Retail Federation estimates holiday retail sales to increase 3.6% from 2015 to a staggering $655.8 billion. With so much cash changing hands this holiday season, one can easily assume this means more profits for the average business owner. However, for some businesses, this will not be the case. Holiday deals, increased…
The holidays bring increased sales, but also increased expenses.
When it comes to managing your business’s finances, fully-featured, reliable software is vital. This in-depth review of Chargify gives you all the information you need to make an informed choice about whether it’s right for you. A Brief Overview of Chargify As mentioned above, Chargify allows you to manage all your recurring and subscription payments…
Chargify offers subscription billing services, allowing you to easily automate recurring payments if you can’t do so through your existing credit card processor.
That’s right, the payment gateway is almost always an afterthought to the primary systems that a business is using or considering using, whether it be a point-of-sale (POS) system, e-commerce shopping cart or other applications. Often, business owners or managers spend all their time researching their primary solution and virtually no time understanding the features…
The first and most important thing many people fail to do when selecting a payment gateway is they don’t spend much time, if any, researching and evaluating gateways.
Administration is a necessary evil that can take up an enormous amount of time in your business. The less time you have to spend on admin, the more time you can spend on getting new clients, improving your products and services, or carrying out billable work. This Front Desk review takes a look at the…
Front Desk is specially designed for “Personal Services” businesses, including fitness, health and wellness, sports instruction, music, kids’ activities, dance, and more.
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,…
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.
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…
Accounting software can be a blessing or a curse, and it all depends on choosing the right program for your needs.
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…
Task automation is all about efficiency and making sure you and your team focus efforts in the right places.
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…
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.
Use the secrets that credit card processors don't want you to know to drastically lower your credit card processing fees.
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