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Sales compensation plans provide a detailed framework or guideline for how businesses will pay salespeople. A well-planned compensation scheme motivates sales reps to hit peak performance. Follow our step-by-step guide on how to develop a sales compensation plan for your small business, from determining baselines

You can use our calculator above to determine the costs associated with an equipment lease, such as the monthly payments, buyout cost, and residual value. It’s also designed to provide figures for various types of lease types, including a $1 buyout, 10% buyout, and fair

A petty cash log (also called a petty cash register) is the official record of all petty cash transactions. The petty cash custodian is in charge of maintaining the petty cash log for all petty cash transactions that were taken out of the fund. We

Starting an online store involves choosing an ecommerce platform, building your website, setting up strong product pages, and integrating a payment provider. Overall, expect to spend around $300 in setting up an online store (excluding sourcing or manufacturing products). With plug-and-play ecommerce platforms and web builders,

Accounts payable internal controls are a set of policies, procedures, and practices that ensure the accuracy, integrity, and security of accounts payable transactions.

Hiring an intern is a great way to tap into talented individuals who haven’t yet or have just graduated from college. The first step in this process is determining your needs and what your internship program will look like. You can then find interns by

A current liability is any financial obligation that has an amount due within the next 12 months. It can be found on your company’s balance sheet and can include loan payments, payroll expenses, and accounts payable (A/P). It’s an important figure to know because it

Editor’s note: This is a recurring post with regularly updated card details. Mercury IO Mastercard® is a business charge card that offers 1.5% cash back on all purchases. To qualify, you must open a Mercury checking or savings account and maintain at least a $25,000 balance—your

Customer service complaint management takes time and effort but can be managed more easily using templates. This helps customer service reps save time and effort and provide positive, accurate responses even behind bad news, like a no refund to a case. In this article, we

A high-risk merchant account is used when financial institutions consider a business highly susceptible to chargebacks and fraud. Operating a high-risk business makes it harder to open a merchant account, just like certain factors can impact your business's ability to get insurance coverage or financing.

Asking the right phone screen interview questions helps you vet applicants and narrow your field of potential new hires. Although companies often forgo phone screen interviews, they can provide valuable insight into a candidate who appears good on paper. Phone screen interviews last between 15

Square Point of Sale (POS) is an all-in-one business solution that offers forever-free yet feature-rich software including payment processing and ecommerce. In addition to the excellent value it offers, Square is also one of the most user-friendly systems on the market. Real-life users agree, giving