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Top 10 ways to protect yourself against credit card fraud and identity theft

Credit and debit card fraud and identity theft are at an all time high. It was reported by the 2012 Nilson Report that Credit card and debit card fraud resulted in losses amounting to $11.27 billion during 2012. While the losses are mostly to by card issuers and merchants, the consumer ultimately pays for this through […]

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

The Worst Companies To Work For In The U.S. (2013)

I just read an article about 24/7 Wall St.’s ranking of the worst companies to work for in the US. It was not surprising that those companies had troubling attributes attributes in common. Some CEOs just don’t get investing in employee and customer satisfaction is key to being successful company. Read on to learn from others’ […]

Affordable Care Act: More Restaurants Replace Full-Timers, Concerned About Insurance Costs

In response to the Affordable Care Act, more restaurants replace full-timers with part-timers because the Affordable Care Act requires employers with 50 or more full-time equivalent workers to offer affordable insurance to employees working 30 or more hours a week or face fines. Despite the Obama administration recent announcement that a one-year reprieve to 2015 on […]

Bean Counting vs. Excellence

An interesting short article that includes an excerpt from the prior CEO of Ford Europe, Bob Lutz’s book “Car Guys vs Bean Counters” about making excellence a business’ priority and why it matters. His book is about what happened to America’s competitiveness, and why.

8 Things VCs Think About When Valuing Your Startup

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 […]

The basics of S corporation stock basis

This is a great article about the basics of S-Corporation shareholder stock basis.

Getting Ready to Sell You Business – High Level Overview

This is a good article on a high level overview of getting ready to sell your business. QBPros can help you structure your company for a future sale. The earlier you plan and get things in proper order, typically the greater benefit. Buyers and their representatives typically look back 3 to 5 years to the […]

Obama: “You didn’t build that”.

Obama: “If you’ve got a business — you didn’t build that. Somebody else made that happen.” Obama said this at his 07/13/12 Roanoke, Virginia speech and it isn’t sitting well with me as a business owner! While I totally agree that cooperative efforts are the free market, each one of those cooperative efforts (with customers, […]

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 […]