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Originally offered to “Personal Services” businesses, including things like fitness, health and wellness, sports instruction, music, and dance, Front Desk now caters to property management businesses, primarily hotels, hostels, and B&Bs. This Front Desk review takes a look at the online app that promises to substantially reduce the time you spend on admin and makes …
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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, …
How to Identify Credit Card Skimmers at Your Business Read More »
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s 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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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 time …
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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 …
Beginner’s Guide to Profit and Loss Statements (P&Ls) Read More »
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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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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 …
3 Steps to Create a Solid Expense Account Policy Read More »
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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. …
Customer Service Costing Too Much? Here’s How to Fix It Read More »
