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Understanding ACH Dispute Codes

Accepting automated clearing house (ACH) payments is a great way to grow your business. ACH is another way to increase your payment method offerings, allowing you to reach a broader audience of customers. Some customers will simply prefer to pay via ACH than any other method. Not everyone…

LATEST POSTS

Accounting

Preventing Invoice Fraud

Invoice fraud can sneak up on small business owners. Fraudsters don’t want their misdeeds to be noticed and they do their best to conceal those misdeeds. At some point, missing money becomes noticeable, but it can take years before the fraud is ever detected. Most small businesses simply…

Accounting

Building a Solid Small Business Accounting Foundation

A solid foundation is the first step to creating a successful business. There are many parts to creating such a foundation and, in this article, we focus on creating a solid small-business accounting foundation. Always have a pro in your corner Running a small business by yourself can be…

Payroll

7 Reasons to Outsource Payroll

Just because you can do something doesn’t mean you should. When you’re a small business owner, that saying applies 2X. Small-business owners are often micromanagers and can’t help trying to do everything themselves. This usually results in inefficiencies, even if the business owner doesn’t…

Leasing

Is Equipment Leasing or Purchase Financing Right for My Business?

This article will provide a quick overview of what you need to know when deciding if equipment leasing or purchase financing is right for you. Each has its pros and cons. The goal of the article is to help you understand which financing option is best for your business, based on how the…

ACH

What to Do When Faced With a Chargeback

Anyone who’s been in business for a little while knows that, at some point, you’re going to face a chargeback. Some business owners might even say that chargebacks are simply the cost of doing business. While it is true that chargebacks are going to happen, it doesn’t mean you have to roll…

Accounts Receivable

A Beginners Guide to Lockboxes

When a B2B customer mails a check to another B2B company, there’s a mail delay as the recipient waits for the check to arrive. Once it arrives, it must be processed by the recipient’s accounting department. For a long time, banks have offered a solution to this problem: lockboxes. A…

ACH

Handling ACH Disputes

Providing a product or service to a customer and then not receiving payment for what you supplied isn’t a pleasant experience for any business owner. Even worse is when there’s an additional charge on top of it. Now you’re out the product, payment, and you’re in the hole by around 30 bucks…

B2B Ecommerce

The 5 Best B2B Ecommerce Platforms of 2019

The eCommerce industry’s meteoric rise since the early 2000s has made way for tons of new and innovative platforms to showcase its offerings in the best light. The website host you choose with which to start your online business will have a massive effect on your sales, operational…

Accounts Receivable

When to Write-off Bad Debt

Any business that runs accounts receivable will at some point face an uncollectible debt. Eventually, the business will have to face the question: At what point should A/R write-off the bad debt? It might be surprising to know that there isn’t a simple answer to this question. Businesses…

B2B Payments

Why Accepting Multiple Forms of Payment Is Vital For Your B2B Business

In this day and age, there are hundreds of different ways to transfer money from an individual or organization to another. While some are obviously more popular than others, accepting a wide range of payments will do more to help your business than hurt it. A common myth about accepting…

Sales

How to Win Over That Stubborn B2B Customer

Do today’s B2B customers seem more difficult to please than ever before? If you're nodding "yes", you’re not alone. B2B buyers have been conditioned by the ease-of-use plethora of options, and general speed of transactions offered by B2C channels. As you well know, the B2C shopping…

Sales

B2B Best Practices to Increase Your Sales

B2B sales cycles follow fairly standard practices. But those companies that look outside of the box and are always striving to improve their sales cycle usually end up increasing overall revenues. In this article, we’ll look at a few B2B best practices that can increase your sales. Where B…

B2B Payments

Beginners Guide to Processing Purchase Orders

For a large percentage of B2B businesses, purchase orders (PO) are a lifeline in their business model. For both buyers and vendors, a single PO can be the difference in an organization achieving the goals it has set forth for the upcoming fiscal quarter or year. Understanding and…

Finance

What Every Business Needs to Know About Business Credit Cards

Business credit cards are a common choice for B2B companies to increase cash flow, build credit score, purchase new equipment, and cash in on other benefits. In fact, 67% of small businesses already use a credit card. However, you need to be knowledgeable about how business credit cards…