A stockout (or out-of-stock) is when you run out of inventory. This may apply to all of your inventory or just to specific items. Stockouts are costly because they harm the customer experience while causing retailers to miss out on sales. They happen for a number of reasons—many of which are preventable. This guide explores…
What is
What Are Expenses in Accounting? Variable & Fixed Explained
An expense is a cost incurred by a business in its operations to produce revenues. Expenses in accounting can be either variable or fixed. A fixed expense doesn’t change with the level of usage or production, such as the rent paid for a building, whereas a variable expense changes with the production or the amount…
What Is Cold Calling? The Ultimate Small Business Guide
Cold calling is a traditional sales activity primarily used to create and qualify new sales opportunities. It allows you to solicit initial conversations with key decision-makers that result in an immediate answer regarding interest in learning more about your products and services. In this article, we explore the cold calling definition along with the goals,…
What a Revenue Operations Team Structure Is & How To Create One
A revenue operations (RevOps) team involves a department or business function composed of team members responsible for driving revenue into one group. Rather than treating each function as separate, a RevOps team combines resources, data, processes, and strategies into a single team structure to maximize profits. In this article, we explore what a revenue operations…
What Are Taxable Fringe Benefits? A Guide for Small Businesses
Fringe benefits are company-paid incentives you offer employees above and beyond their regular salary. They can include traditional employee benefits (such as health insurance and retirement benefits) as long as the employer is contributing to the costs, thereby saving the employee money. Fringe benefits also include less traditional benefits like moving expenses, adoption assistance, or…
What Is an Accounts Payable Aging Report?
An accounts payable (A/P) aging report shows all unpaid vendor invoices grouped by the number of days they’re overdue, if any. Bookkeepers use it to ensure all liabilities to vendors and suppliers are timely paid and reviewing the report is an accounts payable best practice. It’ll segregate total payables per age group and per customer,…
What Is an ACH Payment? A Small Business Guide
Automated clearing house (ACH) payments are simply direct bank transfers of payments between people and businesses. If you process sales online or through invoices, then ACH transfers can save you time and money. The ACH network is overseen by Nacha, which connects all US financial institutions to enable the secure movement of money from one…
Labor Law Posters: What Small Businesses Should Know
劳动法律合规通知emplo海报yers must post to let employees know their rights under federal and state employment laws. If you don’t display these compliance posters in a conspicuous place, you risk fines and lawsuits. You can access labor law posters from your state’s department of labor. For federal posters, you can…