Operating a Business

To deposit payroll taxes by EFT you must use the Electronic Federal Tax Payment System, or EFTPS. You may voluntarily deposit via EFTPS but are required to do so if your total deposits for the...

Running a successful business requires more than simply offering quality products and services that customers demand. You must be able to run all aspects of the operation, including the financial...

Leasing equipment can be a wise business decision. Learning how to determine the monthly payment is important. Understanding the components of an equipment lease, the cost factors, and the...

There are many businesses that need reliable, economical sources of wholesale commercial and decorative baskets. Baskets are an essential element in the finished product of many businesses, can be...

Merchant accounts are a specialized business bank account that allows credit and debit card transactions. Obtaining these accounts can require good personal credit by a business owner, established...

Among a number, one of the main reasons for business failure during recession is late or non payment of debts. If you are struggling to persuade your customers to pay, there are a number of...

Customer relationship management (CRM) is a management concept which stresses customer satisfaction as a main driver to increased profitability. It can be attached to data entry, delivery options,...

Before attempting to collect a debt, review federal and state regulations to ensure that you don't violate any statutes. If you violate regulations concerning debt collection, then you are at risk...

Credit-reporting agencies maintain credit reports with information about businesses just as they do for customers. However, because of the differences in the way businesses and consumers transact...

Closing your business involves making sure that you take care of a few things. Taxes and closing the books are important things that will make you sleep better at night once they are done for...

In today's world, time is money. Many customers are looking for fast and effortless transactions when purchasing items in stores or shopping online. Companies that accept plastic are able to meet...

If you have a food product that you are planning on marketing to stores, it is essentially that you get a food shelf life study. It is important because the food shelf life study will give you...

If you have a business and use Quickbooks for your accounting needs, you can also use Quickbooks to accept credit card payments. Quickbooks does not come ready for credit card use out of the box....

Business transactions rely on valid payments and accurate documents. To ensure your business will receive payments when you extend credit or accept noncash forms of payment, you must be diligent...

If you are providing products to a customer or services to a client, you will need to generate a form known as an invoice. This form will help you keep track of deliverables as well as payments...

A purchase order form is a request from one company to another to send supplies, equipment or materials. A purchase order form is a legal document that protects both buyer and seller. A purchase...

Your average invoice payment is the average dollar amount your company spends per vendor invoice. Your company invoice payments may include supplies or materials purchased on credit. You may...

The term "par value," sometimes referred to as "face value," has a few different meanings. It can refer to a rate of exchange for currency, the balance owing on a mortgage, or the value of a stock...

A catering contract is more than a discussion of food, beverages and décor on paper. In fact, a catering contract is a legal and binding written agreement outlining service expectations...

One of the most difficult aspects of running a business is collecting money that's due you. Sometimes the task is relatively easy. Other times, you have to be persistent with slow paying or...

The hope of reward adds joy to labor. To let the person for whom you have labored know that money is due for work done, you need to send an invoice. Invoices must be precise yet detailed. They...

People aren't usually very eager to part with their money, even when they know that they owe you. This is true for professional business people to whom you supply goods and services. Some...

If you have a small business and are having trouble collecting the money that is owed to you, here are some tips to help you.

Freelance writing is a wonderful opportunity to earn extra income, start your own business, or add to your list of other entrepreneurial skills...You work hard, so why should you give in to...

You've seen them a thousand times. Everyday when you stop to pick up bread or milk you are given one at checkout. This little piece of paper you've received called a "sales receipt" is part of the...

Do you want to sell merchandise on your website? One of the easiest ways to handle payments safely is to use PayPal. To do this you will have to set up a merchant account. Here is how to set up...

An online travel business owner usually works out of her home, but may have a small office if she has been in the business for a while and has become successful. An online travel business owner...

The simple definition of trade credit is when a supplier of goods or services provides credit to a customer, allowing the customer to pay for the goods or services at a later date. Yet trade...

Although it is unpleasant, sometimes business owners or workers must send a reminder for clients and customers to pay their bills. When an account is overdue, a company generally sends a memo in...

Merchant transactions are, in essence, the reason retail businesses exist. A transaction between a merchant and a customer, regardless of the type, is the fundamental basis for commerce. This...

The California Board of Equalization (BOE) is making E-filing of Sales & Use tax mandatory. Perhaps your entity is not required at this time. However, as I recently learned from a conference I...

If you have just started your own business, you may want to accept PayPal for payment. PayPal is very popular now for payment, allows customers to use credit cards, and leaves customers with...

Most people will need to take out a personal loan at some point in their lives. Personal loans can be obtained to buy a car or go on a vacation, as well as to pay off debt or do home repairs....

Many banks and private online services offer online bill paying options. Before you can take advantage of these services, though, you must first sign up for the service. If your bank offers online...

You have skills as a computer programmer, and you want to capitalize on those skills. Now how can you get people to pay you for work you have done for them? This article summarizes the process of...

Amortizing a loan means you make equal payments of the principal and interest on an outstanding loan. This process can help you pay off more of your principal amount over a set period of time,...

Are you a parent, former daycare assistant, or retired teacher who is interested in starting an in-home daycare? If so, a daycare contract is important. This contract protects both you and your...

When you're in a business with continuous and overlapping jobs, you need a way to keep track of who is doing what. You need to know when jobs will start and end as well as who will be completing...

Running a successful business means taking advantage of any and all opportunities to save money, no matter how small the savings might be. In accounting, it is important to scrutinize every aspect...

A contract is a very important document. Whether you are a home owner,contractor,subcontractor or a small business owner, Writing a proper and concise contract is essential to your profitability...

You want to assure that customers pay their bills when they are due or just after but you need a good collection letter for those times when payment is late. Create a letter that is structured to...

When you work in collections, you need good communication skills like writing if you plan on collecting your money. How you form your letter can be just as important as what you say. Use these...

A contract is an agreement between two or more entities (individuals, companies, organizations or government agencies) to do, or to abstain from doing, a particular action in exchange for money or...

The success of any business largely depends on its customers. Without customers, a business definitely cannot continue to operate. Once you have become established enough to see large profits flow...

When times get tough, it's the small business owner who feels it first and feels it hard in the form of late pay, slow pay or no pay. Well, guess what? The tough times are here. If you can't get...

Freelance writing is great when you can get the work. It's even better when you get paid. But all too often clients try to skimp out on paying their freelancers. Oftentimes, there's little...

When operating a business, it's important to have a policy regarding credit and payment, and to stick to it. It is also essential that you extend credit only to clients with references. That said,...

An electronic funds transfer is the term used when your financial institution is instructed electronically to transfer funds. This type of payment has been popular with fitness clubs, landlords...

Accept electronic checks.