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Small business cash flow – The state of payments from Intuit QuickBooks

Cash flow is important to the success and growth of any business – and QuickBooks® recognizes how important getting paid and managing the payments process is for small businesses. As a continuation of “The State of Small Business Cash Flow” report released earlier this year, we are further exploring the State of Payments among small […]

QuickBooks Online Payments to offer next day ACH funding

MOUNTAIN VIEW, Calif.–(BUSINESS WIRE)–Intuit Inc. (Nasdaq:INTU) QuickBooks continues to add features to the QuickBooks platform to solve the cash flow crunch problems that plague small businesses. Over the past year, Intuit has leveraged the power of the QuickBooks platform and machine learning to deliver money faster to its customers through innovations such as same day […]

QuickBooks Online (QBO) Bill Pay timing

First Time Paying Bills When first starting with the Bill Pay service, allow 4 banking days for both bank transfers and mailed checks. After 5 completed payments, payment timing will accelerate (for example, bank transfers under $5,000 will arrive in 2 banking days).   Paying a Bill Enter details on the bill and schedule a […]

Payment Practices Barometer

Key survey results from the 2016 Payment Practices Barometer

Merchant Chargeback Process

Chargebacks are an unpleasant fact of life for merchants. Hopefully, chargebacks will be a rare event for you, but you should know how to protect yourself. A chargeback is a transaction that has been disputed by a customer. Chargebacks occur for a variety of reasons. For example, the customer may be unsatisfied with the merchandise, or a […]

Improving Cash Flow with Fundbox

Charlie Russel authores an great article on an innovative new service for small businesses to improving cash flow by financing their receivables with Fundbox.

How to count back change in manual point of sale

How to count back change This comes up in training on Point of Sale installations, how do you make change easily in a manual situation? The “count back” method is the best method to use, as it doesn’t require doing much math in your head and is self-checking. Say the sale is $63.19 and the […]

Accounts Receivable Debt Past Due By State

Accounts Receivable Debt Past Due By State

Retail Pricing: Margin vs Markup

We hear these terms Margin and Markup being used, especially in retail store management, but do you really know what they mean? There’s a very important difference between the two when expressed as a percentage that can cost you big money if you don’t know the difference.   First, let’s get some basic definitions out of […]

Charging Interest on Late Accounts Receivable in California

This is a very interesting short article on charging interest on Accounts Receivable in the state of California and how the CA Supreme Court ruled in favor of the seller of supplies who charged an interest rate 1.5% per month (18% per year) which is higher than CA usery laws cap at 10% . Read why in the […]

Collections of Past Due Accounts Receivable-Time is Not on Your Side!

Why should you take action as soon as your accounts receivable are past due? Because time is not on your side.  The longer you wait to begin collection actions, the less likely it becomes that you’ll receive what you’re owed. The Commercial Collection Agency Association’s study dated 10/18/2004, shows collectability of delinquent commercial debts at time intervals after […]

Speeding up Cash Flow Tip #1: Collect retainers up front.

Speeding up Cash Flow Tip #1: Collect retainers up front. This tip offers at least four benefits: 1. Confirms clients’ committment of your agreement, which includes their making payment for your service or product. 2. Reduces your risk of not getting paid because you have already received partial payment. 3. Requires the use by your client […]