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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

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

Helcim is a Canadian credit card processing and merchant services company catering to all kinds of small and growing businesses. It offers a suite of free payment processing tools and integration with various business systems. Fees start at interchange plus 0.15% + 6 cents with

The typical sales process provides a step-by-step approach to locating clients, communicating with clients, and closing sales. Most sales process steps include prospecting, preparation for a sales presentation, lead nurturing, making an offer, overcoming objections, closing the sale, and making a follow-up. Here, we teach

An employee attendance tracker is a way to track employee attendance, tardiness, absenteeism, and time off—a major part of managing employees. A good employee attendance tracker allows you to quickly identify repeat attendance-related offenses and act swiftly to discipline and coach your staff to correct

In a nutshell, electronic fund transfer (EFT), sometimes called “pay by bank,” is a broad term used to classify all types of digital exchange of funds between two banks. While EFTs are generally slower to process than card payments, EFT payments (such as ACH and

You can use our SBA loan payment calculator above to see what your payments would be. It will also show you a full amortization table breaking down the principal and interest portions of each of your loan payments. SBA 7(a) Loan Calculator Inputs Our SBA 7(a) loan