Category: Running a Business

Infographic: How Businesses can Build Trust With Employees

Infographic: How Businesses can Build Trust With Employees

What makes for a great employee? Every business wants people of high integrity who are driven, talented, dedicated, and creatively resourceful. But how can you attract and retain these employees? It has to start with a work environment built on trust. Businesses in which employees trust each other and their management is much more likely to have high revenue than businesses where trust is low. Let’s take a look at this well-done infographic to see how businesses can create cultures… Read More
ACH Payments, Debits, and Transfers: The Ultimate ACH Guide | Nav

ACH Payments, Debits, and Transfers: The Ultimate ACH Guide | Nav

No matter what we try to do to combat it, life seems to get busier and busier with each passing year. This is especially true for small business owners leading growing companies. Automating business processes and merchant services can help simplify things immensely for overworked entrepreneurs. One of the easiest things a business can automate is the payment and billing process. Automated Clearing House or ACH payments are a convenient and easy way to do this.  What Is an ACH… Read More
Chargebacks and their Effect on Credit Score

Chargebacks and their Effect on Credit Score

At first glance, credit card chargebacks appear to be just like refunds. However, there is one very distinct difference between a chargeback and a refund. With a chargeback, the customer contacts the credit card company or bank for a refund, rather than the business they made the purchase from. While chargebacks are designed to protect consumers from unauthorized transactions, it's important to understand  chargebacks and their effect on  credit score so you can avoid any detrimental impact to your business.  … Read More
24 Ways to Improve Cash Flow for Your Small Business in 2024

24 Ways to Improve Cash Flow for Your Small Business in 2024

Jump to SectionShareFacebookLinkedInTwitterShare LinkCash Flow vs. ProfitCalculate Cash FlowImprove Operational CostsImprove Payment OptionsInvest in MarketingOrganize Your FinancesHow Nav Can Help While there’s more than one way to evaluate the financial health of your business, few are as closely related to success or failure as negative cash flow. Cash flow is the net amount of cash that flows in and out of your business. Cash flow management is essential for long-term growth. But how do you go about it?   The most… Read More
In Accounting, Why Do We Debit Expenses and Credit Revenues?

In Accounting, Why Do We Debit Expenses and Credit Revenues?

You didn’t go into business to become an accountant, so it’s understandable that you’d have questions like, “Are expenses debit or credit?” In short, because expenses cause stockholder equity to decrease, they are an accounting debit. It’s helpful to understand why, so learn what you need to know in this article. Understanding Debits and Credits Let’s start with some basic Accounting 101. We may have moved away from “managing the books” in an actual paper ledger and painstakingly entering each… Read More
An Employer’s Guide to Fringe Benefits

An Employer’s Guide to Fringe Benefits

Fringe benefits are a way to compensate employees in addition to wages or a salary. Fringe benefits can be part of a salary package or a group of benefits that supplement wages. For employers, fringe benefits can entice and keep top talent. The more benefits you offer, the more likely potential employees will look at your company as a desirable place to work. They can also help supplement employee’s wages in a competitive job market.  McKinsey & Company’s 2021 Employer… Read More