Square for Retail is one of Square’s industry-specific point-of-sale (POS) systems. Like all Square products, Square for Retail is consistently one of our recommended choices for small businesses, topping our list of the best retail POS systems year after year. It is affordable and easy to use, comes with tons of free tools, and offers…
How To
Disposal of Fixed Assets: How To Record the Journal Entry
Fixed assets must be removed from the balance sheet when the asset is disposed of, such as sold, exchanged, or retired from operations. The journal entry to dispose of fixed assets affects several balance sheet accounts and one income statement account for the gain or loss from disposal. Removing disposed-of fixed assets from the balance…
How to Accept Credit Cards for Your Small Business
In order to accept credit card payments, you will need a merchant account or a payment services provider that provides the technology for different payment methods. Choosing the best way to accept credit cards will depend on the type of business you have. For example: Brick-and-mortar shops should purchase and set up a point-of-sale (POS)…
How to Fill Out an I-9 Form (+ Video Guide)
Employers are required to complete an I-9 form, which confirms eligibility to work in the US, within three days after a new employee starts. The employee fills out the top section of the first page, and employers must verify and fill out the rest. Follow the instructions below for how to fill out an I-9…
How to Set Up Direct Deposit for Employees (+ Template)
Direct deposit is a secure electronic method of transferring funds from one bank account to another. In terms of payroll processing, employees receive their wages directly in their designated bank account instead of receiving a physical paycheck. This method of payment offers several advantages, including convenience, speed, and security. The steps for setting up direct…
How to Do Payroll in Kentucky: What Employers Need to Know
Learning how to do payroll in Kentucky and handling the state’s taxes is pretty straightforward. Unlike in some other states, Kentucky does not have any local taxes and has only one state payroll tax form, making this one of the easiest states in which to run your company’s payroll. Step-by-Step Guide to Running Kentucky Payroll…
13 Tips on How to Make Money Flipping Houses
House flipping has become a lucrative endeavor for many investors because it offers substantial returns on investment. However, investors will encounter a host of challenges throughout the house-flipping process. These include managing renovation expenses, adapting to market fluctuations, and ensuring projects stay on schedule. This article provides 13 invaluable tips for investors to navigate these…
How to Find & Buy for Sale by Owner (FSBO) Homes in 6 Steps
The process of locating and purchasing for sale by owner (FSBO) properties can be a complex endeavor for investors. However, FSBO properties are financially attractive for investors expanding their real estate portfolio. This process involves multiple stages, starting with identifying an FSBO listing to securing appropriate financing and completing the closing procedures. We’ve identified six…