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The current business environment is characterized by a significant increase in the number of fraud incidents. This surge affects consumers as well as their operations. First of all, it is crucial to understand the main concepts of these protective measures so that financial offences can be fought effectively. This article will help readers understand better … Continued
The National Credit Union Administration (NCUA) and the Federal Deposit Insurance Corporation (FDIC) are separate federal organizations that provide deposit insurance to their members. The FDIC usually protects bank deposits up to $250,000, with some exceptions; the NCUA offers similar protection but for credit unions instead of banks. FDIC or NCUA member institutions provide this … Continued
Selecting an online payment processing system that refuses to take the payment methods your clients want to use is like trying to communicate in Chinese at a market in Marrakech: neither strategy is likely to work. Similarly, a merchant’s point-of-sale system should match the payment options their customers prefer. Physical stores offer different payment methods … Continued
Business owners frequently cross-reference their records with bank transactions to ensure everything runs smoothly. They can verify that the figures on their balance sheet match the bank statement, which is a best practice. The balance sheet is adjusted if any discrepancies or fraudulent charges are found. The month-end close procedure involves examining the balance sheet, … Continued
As a business owner, you might wonder if you can use your business debit card for personal expenses since the money is technically yours. Also, for small business owners, it’s common to confuse personal and business expenses. When is it okay for your business to handle costs like coffee, and when should you use your … Continued
Never miss any payment or leave your company without an opportunity to keep rolling.
Never miss any payment or leave your company without an opportunity to keep rolling.