According to one source, over 60% of small businesses don’t have a point of sale system in place. Does your business fall into 60%+? If so, your small company could be missing out on a smoother system and in-depth sales reports.
Read More What Is a POS System, and How Can It Improve Your Day-to-day Operations?Patriot Software's Blog
Strategies and Formulas for Pricing Services at Your Small Business
October 18, 2022Do you own a service business? If so, you know that figuring out how to price services isn’t always easy. To make sure your small business is profitable, try these tips for pricing services.
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What Is a Cash Reserve?
October 18, 2022According to a recent study, 60% of Americans don’t have enough money to cover an unexpected $1,000 expense. What about your business? Do you have enough money tucked away to deal with a sudden expense? If not, you need to give your cash reserve some love.
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Step up Your Accounting Game With a Compound Journal Entry
October 18, 2022If you use a double-entry bookkeeping system, you know that every account you debit requires you to credit the corresponding account, and vice versa. But what happens when the transaction affects more than two accounts? It’s time to create a compound journal entry.
Read More Step up Your Accounting Game With a Compound Journal Entry
Going the Freemium Pricing Route: What to Know
October 18, 2022When Goldilocks broke into the Three Bears’ home, she needed a bed that was just right, not too small and not too large. Likewise, when you break into the market, you need to set prices that are just right, not too low and not too high. Could freemium pricing be your “just right” strategy?
Read More Going the Freemium Pricing Route: What to Know
Welcome to Your Go-to G&A Expenses Guide
October 18, 2022Part of being a business owner is dealing with all kinds of expenses. One of the expenses you incur and manage are general and administrative (G&A) expenses. Never heard of G&A expenses? Need a brief refresher? Here’s the rundown on what is G&A and how it works in your business.
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Use the Average Vacation Time to Build Your Business’s Policy
October 17, 2022Do you want to give your employees paid time off from work? If you choose to offer paid vacation days as an employee benefit, you might not know how many to provide. To stay competitive, take a look at the national average vacation time.
Read More Use the Average Vacation Time to Build Your Business’s Policy
Should You Consider Opening a Payroll Account for Your Small Business?
October 17, 2022Keeping track of your expenses is part of being a business owner. You probably heard it said that you need a separate business bank account in addition to your personal bank account. But, you might not be familiar with a payroll account. What is a payroll account, and should you consider opening one for your […]
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There’s More to the Cost of Firing an Employee Than Meets the Eye
October 17, 2022Losing employees can be devastating for your small business. Employee turnover can drain workplace morale and cost you time and money finding replacements. What’s even worse is having to fire an employee. Read on to find out the cost of firing an employee.
Read More There’s More to the Cost of Firing an Employee Than Meets the Eye
Who Pays Unemployment Tax? Understanding FUTA and SUTA Taxes
October 17, 2022When an employee becomes unemployed, they might qualify to receive unemployment benefits. Unemployment benefits are funded by unemployment taxes, which are paid based on employee wages. But who pays unemployment tax? You or your employees?
Read More Who Pays Unemployment Tax? Understanding FUTA and SUTA Taxes