First it was COVID shutdowns. Then it was the Ever Green wedged in the Suez Canal (remember that?). Now, it’s a national shortage of truck drivers, warehouse space, and shipping containers … and it’s impacting businesses nationwide. The majority of small business owners report that supply chain disruptions have impacted their business. Has it affected yours? […]
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Operations - Tips, Training, and News
Business Bank Account Fraud: What to Do If You Notice an Unauthorized Transaction
August 2, 2022You’re doing a bank statement reconciliation (aka the process of comparing your bank statement to books) like normal. But, things don’t add up. Suddenly, you realize the discrepancy is because there’s a large charge on your statement … but not in your books. Where’d this come from? I never spent this! And indeed, you haven’t, […]
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Ever Wonder What Is Dropshipping? It Could Be Just What Your Business Needs
July 26, 2022Starting a business comes with obstacles that may seem insurmountable. You have to get a storefront, buy and store inventory, and sell and ship that inventory if needed. But, you don’t have to stick to the old ways of doing business if you don’t want to. With a dropshipping business, you can bypass a lot […]
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Charitable Donation Deduction: What to Do After Giving to Your Favorite Charity
July 21, 2022One of the great things about running a business in America is that your business can make tax-deductible donations to your favorite charities. Seventy-six percent of American businesses donate 6% of their profits on average. And, 85% of consumers have a more positive view of companies that donate. If donations are already at the heart […]
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The Gift That Keeps on Giving: How to Track Donations You Receive
July 14, 2022If you run a nonprofit, you already know that donations and grants are your bread and butter. You also know just how complicated tracking donations can be. Nonprofit organizations are required to know how to track charitable donations they receive and supply donors with the proper documentation for the donations they’ve made. Read on to […]
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Limited Liability: A Shield for Your Business
July 12, 2022Running a business is always a risk. The risk of a lawsuit or bankruptcy can scare many would-be business owners before they even get started. These risks don’t have to affect you personally, but they may depending on how you structure your business. Limited liability protects an individual’s assets in the case of a lawsuit […]
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“Would You Like to Round up for Charity?” 6 Facts to Know About Checkout Donations
July 7, 2022You’re at the checkout counter, wallet in hand, preparing to pay for your purchase. But before you can, the cashier asks if you’d like to round up or make a donation for charity. Sound familiar? If so, you’re part of the millions of consumers hit with a request for checkout donations.
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Upfront Payment: 4 Proven Tips to Boost Your Success Rate Now
July 5, 2022Nearly three-quarters of business owners are dealing with rising costs of supplies. To help you pay for higher-than-normal supply prices, you might need to use credit for projects until you get paid. One alternative to racking up liabilities? You can ask customers for an upfront payment.
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Do You Know How to Choose the Right Accounting Software for Your Business?
June 21, 2022Maybe you’re thinking about buying accounting software for the first time. Or, you’re finally ready to switch software providers. At some point, you may wonder how to choose accounting software. There are so many options out there that even knowing where to get started selecting the right accounting software can feel impossible. This article will […]
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Accounting KPI: Key Performance Indicators in Your Business
June 16, 2022Your business is efficient and error-free all the time. Well, maybe it’s 90% of the time. Actually, maybe 85% of the time. OK, maybe it’s time to investigate with an accounting KPI (key performance indicator). With knowledge comes power, as soon as you know where improvements are needed, you can create a plan for future […]
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