Data reporting is a vital part of business – without it, how do you know how you’re truly doing? By running reports in the morning and at night, you get a glimpse of how much inventory you have on hand, daily sales totals, and more. This information should drive your budgeting, resource allocation, marketing efforts, employee scheduling, and more. ...

What you might not know is how to start a loyalty program, or if it’s really necessary for your business. We’ll tackle all of that in this guide, giving you insight into loyalty and rewards to help you choose the right fit for your business without breaking the bank. The Case for Loyalty Programs Common Loyalty Programs Point System Buy 5...

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...

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 addition to all the other expenses inc...

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 you plan your ne...

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 spreadsheets, invoices in Word, a...

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 wisely. That's w...

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...

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 a tool as a website...

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 better, ...