November, 2020

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Buy-Sell Agreement: What Is It and Do You Need One for Your Business?

Fundera

In all of the business planning you’ve done, you might not have thought about how to hand over your stake in the business when you retire or move on. Or, in a worst-case scenario, what happens to the finances when selling your business in the event that you’re incapacitated or die. Hard stuff to think about, but it’s better to have a plan for selling your business in these cases—known as a buy-sell agreement—than be left unprepared.

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FinCEN Reissues Real Estate Geographic Targeting Orders: What does this mean for you?

Abrigo

Key Takeaways FinCEN reissued their Geographic Targeting Orders (GTO) that were originally issued in May 2020. The purchase price of residential real estate under this GTO remains at $300,000. Real estate lending BSA training should include GTO guidance. On November 4 , 2020 , t he Financial Crimes Enforcement Network (FinCEN) reissued their Geographic Targeting Orders (GTOs) to include the same 12 metropolitan areas issued in May 2020.

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40-Point Checklist Before Buying a Multifamily Property

StackSource

[40 Points] Don't make these mistakes. Questions to ask yourself before buying your next multifamily property.

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[Video] The 8 dimensions of recurring payments: A framework for a better payment strategy

GoCardless

Learn how to optimise your recurring payment operations

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If you want better recovery, give better back-up

Priority Credit Management Corporation

As any accounts receivable/credit professional knows, back-up documentation is a huge factor in determining successful collections. As PCMs Production Manager, I can say without a doubt that the clients who provide us with solid backup enjoy much more recovery success than clients where it is difficult for us to justify the debt and fully understand the situation due to a lack of information.

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Help us help a friend and receive a magnum of champagne on us!

blue dot counseling

2020 has tested all of us in business and as we navigate a second lockdown with Brexit round the corner this is no time for any business to be held back by poor financial management. The post Help us help a friend and receive a magnum of champagne on us! appeared first on Blue Dot Consulting.

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Loan Admin 101 – Effective Loan Administration Crucial in Pandemic Era

Abrigo

Key Takeaways Effective loan administration will protect margins and balance sheets at banks and credit unions as they handle the effects of the pandemic-induced economic crisis. Sound loan administration software or systems will generate accurate, timely information in a secure environment. Your loan administration should help detect emerging problems and improve auditability.

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Equity Waterfalls Explained in Layman’s Terms

StackSource

An explanation of this key commercial real estate term, and an example of how different investors get paid out on a deal.

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How to create an accounts receivable template

GoCardless

Discover the building blocks of an accounts receivable template.

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Getting ghosted after asking for payment

Priority Credit Management Corporation

When you jump on a collection call, you will be met with two types of people: 1. Those who intend to pay and return the communication to you, and, 2. those who don't intend to pay and will ghost you after the first call. How can you tell right away which one you're talking to? One of our Credit Advisors says: "I can gauge if I will be ghosted or if they intend to pay by asking one question when I get them on the phone": Have you talked to my client?

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Toast vs. ShopKeep: Pricing, Features, User Reviews

Fundera

The best way for your restaurant to process transactions, keep track of inventory, manage employees, and build customer relationships, is by having an in-depth point of sale, or POS system. So, if you’ve found yourself comparing Toast vs. ShopKeep, this review is here to help. We’ll discuss everything you need to know to decide which of these POS systems is best for your business.

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80% of Small Business Owners Need More Help From Local Government: Survey

Fundera

It’s been an incredibly difficult year to be a small business owner in America. The coronavirus pandemic has put business owners in the impossible position of balancing the health and safety of themselves, their employees, and their customers with their financial obligations and livelihoods. . On top of all that, federal government support has virtually dried up now that the Paycheck Protection Program (PPP) is, as of this writing, closed.

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What Is Hot Desking and Is It Right for Your Business?

Fundera

Trying to streamline a small business can be tough. From balancing employee schedules to fielding the costs of a brick-and-mortar store, keeping a company running efficiently is no simple task. Luckily, a rapidly growing trend called hot desking is taking over as the latest and greatest way to organize offices. Keep reading to learn more about hot desking and how it works.

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What Are Small Business Bridge Loans and How Can I Find Bridge Lenders?

Fundera

A bridge loan is a short-term business loan , or a medium-term loan that you can pay off early. It’s meant to tide you over until another source of capital is incoming, whether that’s a financial opportunity or a longer-term loan that’s taking some time to fund. Because of their quick underwriting processes, time to funding, and repayment terms, business bridge loans are ideal for moments when you know you’ll have a source of capital incoming (and you’re sure you can pay off a smaller loan when

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What Is Amazon Pay: Fees, Features, Alternatives

Fundera

As an ecommerce business owner, you dedicate your efforts toward facilitating a positive customer experience on your website. But you likely aren’t thinking about the payment process itself, which often entails manually entering credit card and shipping information—a hassle for many shoppers, and an occasional dealbreaker. Luckily, Amazon Pay streamlines that checkout process, which might ultimately boost your bottom line.

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ShopKeep vs. Clover: Pricing, Features, User Reviews

Fundera

Choosing a point of sale (POS) system for your business is more important than you might think. How many times have you, as a customer, gone to check out at a store and experienced long lines, glitchy systems, or some other issue? So many of these problems can be prevented by exploring and comparing the best POS systems —like ShopKeep and Clover POS. .

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Forrester Consulting: Rethink Your Payment Strategy To Save Your Customers And Bottom Line

GoCardless

Discover more about the state of recurring payments across the globe in this exclusive report.

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New Study Reveals the Struggles that Many Businesses Face in Getting Paid During the COVID-19 Pandemic

GoCardless

96% of businesses are waiting on outstanding payments for 10+ days

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4 key insights from our new Forrester Consulting thought leadership paper

GoCardless

The biggest takeaways from our global survey of payment leaders.

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How much do international payments really cost?

GoCardless

How much does it cost to collect $5,000 from a US customer? We compare options.

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Happy Diwali from GoCardless

GoCardless

COVID means we can't celebrate like normal, but here's what it's all about.

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6 North American Negotiation Pitfalls & How to Fix Them

Priority Credit Management Corporation

“The goal of an effective negotiation is not I win, you lose , it’s to get to a place where you would trust each other enough to work together again.”. When it comes to negotiation pitfalls to avoid, North Americans have several ingrained cultural “weaknesses.” Study some of the major ones so you can be more aware next time you go into a negotiation.

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Top 3 tips to improve your brand awareness

GoCardless

Brand awareness is about raising awareness among your target audience

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The impact of Brexit on IFRS in the UK

GoCardless

From January 2021, the UK will replace the IFRS with a national framework

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Understanding inventory control

GoCardless

Inventory control charts tell you how much stock you have left

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Actual vs. forecast templates

GoCardless

Actual vs.

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Top 4 business communication skills

GoCardless

Business communication skills are about listening as much as talking

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What is the market to book ratio?

GoCardless

Find out how valuable your business looks

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What is progressive tax?

GoCardless

Progressive tax is a system of taxation wherein higher earners pay more

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How to calculate your overtime tax

GoCardless

Overtime is taxed at the same rate as ordinary pay

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