A cashless business is one that processes all cash transactions electronically. There is no paper or coin money taken or handled. While no one society has become 100 percent cashless yet, most organizations are moving in that direction. A business can become cash-free by providing multiple electronic alternatives to payment. Credit cards are the most […]
Selecting and implementing an affordable sales, purchasing, inventory, and accounting system that works for retail, wholesale, and eCommerce businesses require guidance and project pre-planning. This article helps you accelerate the process of finding and implementing the right affordable ERP-like system for your growing small business or mid-sized company. QuickBooks Desktop (and QuickBooks Online) are accounting […]
Bob Dylan, the 2016 Nobel Prize in Literature winner, songwriter, and singer, wrote a song called The Times They are a-Changin’ (1964). In 2020, U.S. retail businesses began experiencing changing times. Which of these retail business changes are only relevant during the COVID-19 pandemic, and which changes will continue to define the retail industry’s future? […]
Importance of a scalable sync solution for QuickBooks Point of Sale: Ability Financial Exchange for QuickBooks Online
Retail point of sale scalability is an essential issue for brick-and-mortar retailers with store and online eCommerce operations. Scalable software systems let retail businesses efficiently handle their long-term strategic needs without losing traction as growth occurs. Scalability includes ways to drive omnichannel growth that extends to online sales (eCommerce).
Now, more than ever before, the act of listening is important. Not only is it important to listen to someone, but to effectively listen to them. Sure, we all know that in order to understand individuals, to connect with them and understand their wants and needs, we need to be alert, focused, and mindful. After […]
Sync QuickBooks Point of Sale with QuickBooks Online: How your retail business can benefit from the Ability AFE solution
The QuickBooks Point of Sale Desktop menu includes End of Day procedures for stores to close out, count cash drawers, run reports, and exchange information with QuickBooks Desktop. But QuickBooks POS lacks an always-on, real-time way to sync with QuickBooks Desktop. And QuickBooks Point of Sale doesn’t let retailers sync to QuickBooks Online (QBO).
One of the best tools to forecast cash requirements is the 13-week cash flow forecast. It can help a business owner predict what their cash balance will be 13 weeks in the future. It helps to answer whether there will be enough cash to cover payroll and bills for a particular week. If you’re having […]
At the beginning of 2020, you might have thought that developing a business continuity plan was not a top priority. Or maybe you thought it was only for large businesses. Fast forward to today, and a business continuity plan has become an essential staple in business planning. There are more business risks than ever before […]
The only way to get smarter about how to invest your marketing dollars is to document and measure what’s happening now in your business. What you’ve measured, you can then improve. Marketing Spend The first step to measuring what you spend on marketing is to aggregate all of the costs. They may be in one […]
To maximize profits in your business, all of your business functions need to run smoothly, including your accounting department. Your accounting system is at the core of your accounting function. If it is old or lacks the features you need, your business may suffer. Here are five warning signs you can look for to determine […]