Category: Business


Business, Credit Card Processing

Complete Red Carpet Software Review

Ben Dwyer
by Ben Dwyer

The software integrates with processors and POS systems to provide detailed reporting in several categories related to payments. If your current processor’s reporting options aren’t giving you the information you need, a third-party option can provide greater insight. Let’s take a look at Red Carpet’s capabilities, costs, and reviews. Red Carpet Software Capabilities Chargebacks Interchange […]

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Red Carpet Software is a comprehensive reporting solution available from First Touch Payment Solutions and specifically designed to benefit businesses with multiple locations.

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Business

The True Cost of Hiring Employees

Ben Dwyer
by Ben Dwyer

If you want to control expenses and manage your finances responsibly, it’s important to know the true costs of your employees. As they’re such a large part of your cost base, you have to ensure your product and service prices take into account the total money you spend on employees, not just their salaries, in […]

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The biggest expense for many businesses is paying for employees, and that’s not just tied up in their salaries. The true cost of hiring, paying, and providing benefits to a member of staff goes far beyond their monthly paycheck.

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Business

Growing Your Business: Costs and Considerations of Business Expansion

Ben Dwyer
by Ben Dwyer

Of course, alongside opportunities there’s also risk. It’s important to manage that risk carefully and stay in control of any potential issues as you’re expanding. One of the biggest risks for expanding your business is the cost of entering a new market, and whether you can justify that cost by bringing in enough revenue. Before […]

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Most businesses consider expanding at some point. Whether you’ve saturated your current market, want to widen your appeal, or you have great ideas for new products, there are always new opportunities elsewhere.

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Accounting and Finance, Business

QuickBooks vs Xero vs FreshBooks

Ben Dwyer
by Ben Dwyer

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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Accounting software can be a blessing or a curse, and it all depends on choosing the right program for your needs.

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Business

Task Automation for Administration

Ben Dwyer
by Ben Dwyer

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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Task automation is all about efficiency and making sure you and your team focus efforts in the right places.

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Accounting and Finance, Business

Beginner’s Guide to Profit and Loss Statements (P&Ls)

Ben Dwyer
by Ben Dwyer

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 […]

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No matter what items you sell or services you provide, a profit and loss statement (P&L) is essential and required by the Internal Revenue Service.

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Business

Chatbots for Business: What You Should Know

Ben Dwyer
by Ben Dwyer

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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Chatbots are being touted as the next big thing in technology, with everyone from tech giants like Facebook, Google, and Microsoft to Taco Bell, CNN, Amtrak, HSBC, the NBA, and Disney using them.

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Accounting and Finance, Business

3 Steps to Create a Solid Expense Account Policy

Ben Dwyer
by Ben Dwyer

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 […]

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Expense accounts are financial allowances offered to particular employees to cover business expenses. But they’re also a common place to “leak” cash, and if you’re not careful, they could be costing you.

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