Outsource some or all HR tasks and opt for a partner that is an extension of your current HR staff. We can handle hiring, engagement, employee issues, payroll, benefits, compensation, talent, compliance and more. Paychex is yet another top name in payroll software, support and outsourcing. They have
Ecommerce Accounting: Definition, Best Practices & Tools
As your business continues to grow, you will want to bring on an accountant to help you make more important financial decisions such as which loans to take out and when. Before you can master eCommerce accounting you have to get in the practice of producing financial documents and start doing so
Fixed Cost Per Unit Meaning & Definition Marketing Overview
These costs can range from warehousing to labor costs, to depreciation and opportunity costs. Spending less money on material costs, which tend to account for a majority of production costs, can obviously reduce cost per unit. You can do so by optimizing product sourcing, finding lower-cost
What Is an Outsourced CFO and Why Would You Need One?
For many high-growth businesses, the option to outsource CFO services is better than building an in-house CFO team. Moreover, they require a separate office space, employee financial and non-financial benefits, and other expenses such as insurance, office equipment, etc. All this can quickly add up
Closing Entry Definition
” Could we just close out revenues and expenses directly into retained earnings and not have this extra temporary account? We could do this, but by having the Income Summary account, you get a balance for net income a second time. This gives you the balance to compare to the income statement, and
Peppol BIS Billing 3 0 May 2023 Release Structure
For easier writing for any service provider, use any form from our prewritten credit promissory note templates. Now that you understand what a credit note template is and why you might use one, there’s another important document that you should know about that follows along the same lines. It’s
11 Ideas for Creating Multiple Streams of Income to Diversify
This concept is known in the corporate merger world as “operating efficiencies”. It takes less effort to operate each additional stream of income because they're all built upon the same foundational resources. Master the skills of systematizing so that your first success runs on auto-pilot without
Should You Put Medical Bills on a Credit Card? Here’s How to Decide
Even better, the CFPB said that the three largest credit bureaus—TransUnion, Equifax, and Experian—announced that all paid medical debts and unpaid debts less than a year old would be removed from credit reports. In April 2023, they extended this to all medical collections under $500. Examples of