Follow Us
Archive for August, 2009
Re-ordering your business checks are easy to do. Have you orered from the same company before? Ordering your cheap business checks is easy to do with the same company. Call or go on line, and see if they have a re-order section. If they do, put in your last order number, starting check number, and the type of check.
Dont forget to order your deposit tickets, and envelopes if you need them. If your a returning customer, the order you can depend on will be correct, and may get to you quicker. Once a company has a template for your checks, the ordering process is easier. Some companies offers discounts once you obtain a certain number of orders.
add comment | (0 Comments)
If your business grows too fast, it could hurt in the long run
posted by number generator @ 6:59 PM
Sunday, August 30, 2009
Its alwasy great to get a good business going, and watch it grow. Letting the business grow slowly is the best. You can always watch the new customers come, and let them spread the word, and more new customers come back again. If you grow too fast, then you’ll make the money YES, but you may begin to loose some of the most important concepts, like customer service and accounting aspects.
When Walmart and Best Buy came out of no where, they started small. It was a very wise business decision that they did. Best Buy originated in MN, after a storm damaged alot of the appliances, tv’s and etc… He had a BEST BUY sign, and since it was such a great hit. The owner decided to call the business “BEST BUY” They started small and because of their prices, options, and customer service, it has been a great business.
The small MOM and POP stores, have done well, but grew to fast, and failed. Its always good to have a great business plan though. Its good to make sure you have a good accounting program to help your business out. Peachtree Quantum by sage is a great choice to use.
As we know the economy is bad. Due to the economy being bad, what are you doing to make sure to make sure your bills are being paid? What do you do if your bank fails and is taken over by the FDIC, to another bank? Theirs several ways of making sure your bills are being paid.
See if your bank offer online bill pay. You can mail your business checks, and or personal checks. You can even even use your debit/credit card to call in and make your bills. When mailing your payments, make sure they get there early so you wont have to worry about it being late.
What is going to be the best and easiest way to get the products to your customers? Shipping if your running a business on the internet. Theirs 3 different ways you can offer to your customers. The options are USPS, FedEx, or UPS. All of them are good, but most business uses UPS or Fed Ex.
USPS
USPS is great to use if your looking to save money and the time frame isnt important. USPS is now offering one flat rate per box regardless of the weight.
FED Ex
Fed always uses tracking bar codes, so you can track your order, and see where its coming from, as well as when its going to be delivered. Fed ex does allow you to use their program in Quckbooks where before, it was only UPS. Fed ex can be used for small to large business, and the more you ship per day, you may be eligable for a shipping discount.
UPS
UPS uses the tracking codes as well. Anytime your shipment is being updated, you can see it on line, or receive an email update. UPS and Fed ex is available in the accounting program of Quickbooks. Peachtree has UPS only. Once you process and Invoice, you can go to shipping and create a UPS label right from the program and have your customer to receive an email of the tracking number from UPS.
With UPS, Fed Ex, and USPS, is a great tool to make sure your customers get what they need. If your ordering cheap business checks, its always good to make sure you use UPS or FedEx. That way, you’ll have a tracking number on your order.
I work in a large firm smack-dab in the middle of a busy metropolitan area. As an assistant in this fast-paced work environment, I’ve honed my ability to perform tasks quickly and efficiently. It seems that there are deadlines that must be met constantly, and the smallest slipup on my end can make a huge difference for the business as a whole.
One of my tasks is to create the company paychecks every two weeks. Every other Friday, just like clockwork, at least one impatient employee will show up at my door asking for a check. Luckily Versacheck software has streamlined the process for me, allowing me to spend more of my time dedicated to other crucial tasks. Payroll takes almost no time at all.
Tax time is coming up in September. Its a good idea to pre-order your tax forms, so you wont be late, or you wont be a last minuit buyer. If you wait to the last moment, then you may have to pay for overnight, 2nd day, 3 day delivery fee, along with express processing maybe.
Save money now, and order early. As times goes on, we’ll give you some tax time advice. You can find the tax forms that you need for peachtree or quickbooks. Look for on line guides or talk to your accountant.
To help your business grow, add some new products.
posted by number generator @ 9:51 PM
Monday, August 24, 2009
To help your business grow, dont forget to add some new products every now and then. Get rid of the old ones that your not selling that well. Thats why that Walmart is always getting new customers into the store because of the new products that are not just seasonal, but brand name changes as well. Adding products helps to keep the customers coming.
If you have an item that is constantly selling good, make sure you keep it in stock. If your ordering business checks, don’t forget to add business envelopes as well to your order. Its a good idea to have a clearance area to get rid of the old. Make sure you mark the products as NEW so your customers will recognize whats new or not.
What would you do if your business caught fire. Ok you have the backup of the pictures, allot your data in storage. But what would you do if your customers placed a order for overnight delivery, and you needed to get it to them asap. What kind of a backup plan do you have besides wait on your insuance for money to get started again.
The best thing is to have a lap top away from the office and still have everything in sinc with it. If your vendors would be able to drop ship for you, it will be a excellent back up plan. If you needed checks overnight, see if your vendors will be able to work with you to get the checks printed asap. You dont want to make an mistake on an cheap business check order. Mistakes will cost you more money on top of what you had lost. Make sure your computers have a UPS (battery backup), so if you lost power, you can still work for a few more min, to an hr or so.
When your keeping up with your business, its always a good idea to keep copies of your most important things. When you go to the bank and sign up for your business accounts, dont forget to get a safety deposit box as well. As and see if you can get a discount on the box with the type of business accounts you have set up as well.
When your running your business, make sure you obtain pictures with serial numbers, model numbers, along with your receipts. For a great idea, get your MS Excell program, and make an inventory of everything. Along with that, keep your insurance documents, computer back up of any of your email, pictures, to accounting program.
What if you had a fire at your business and everything was a total loss. By having pictures and documents of everything, it will help to speed up the process of your insurance claim. Yes, the amount that you spent on buying cheap business checks would even be included.
A Smart Investment for Smart Businesses
posted by Mr. Peachtree user @ 9:11 PM
Wednesday, August 19, 2009
You know how critical it is to make your accounting software work hard for your business.
You understand the importance of leveraging your Peachtree software to make more informed decisions, experience streamlined processes and help get everyone working together more efficiently. That’s why you make sure you’re on the latest Peachtree release.
You recognize a good investment when you see one.
Especially in these economic times you are always looking for ways to positively impact your business financially. That’s why we’d like to talk to you about Peachtree Business Care.1 It not only ensures that you’re always on the latest Peachtree release, it also supports your success with:
- A dedicated account manager
- Unlimited access to support
- Training for you and others at your company
- Access to HR resources from HR411
When your ordering your business checks, dont forget to order deposit slips and envelopes. Operating a business is alot of work already. Do you mail your checks, or do you put the checks into an envelope and hand them to your employees? Either way, you need to make sure you have the security envelopes to put them into.
Deposit slips comes in handy for the end of day transactions. That way you can keep up with the income and your monies easier. Quickbooks, uses the most popular of checks on top, and the Quickbooks Deposit slips. It has blue lines already pre-printed onto the slip, but you would need someone to imprint the bank information onto the deposit ticket. Make sure you verity the routing number, and account number.
If your running a business, you cant forget that tax time is coming up really quick around the corner here. Its mid August, and alot of companies will have the forms ready for purchase from now till the end of the year. Its never too late to start buying for what you need.
Make sure you buy enough for your employees. Some forms will have 2 or 4 forms per page. Just look at the form, read carefully and you need to buy for how many employees you have. Its usually from 25-50-100 qty packs. If you buy a pack of 100, but have only 65 employees, then the extra cant be returned. You will buy the tax forms based on employees.
BB&T buys Colonial bank
Southern regional bank Colonial BancGroup sees rival grab its branches and deposits.
NEW YORK (CNNMoney.com) — Troubled Colonial BancGroup will be bought by rival BB&T Friday, the government said after state regulators closed the bank whose assets had been frozen by a federal judge.
The Montgomery, Ala., bank, which has 346 branches spread across Florida, Alabama, Georgia, Nevada, and Texas, is the sixth largest bank failure in U.S. history and by far the largest failure of 2009.
With $25 billion in assets and $20 billion in deposits, Colonial is 100 times larger than the typical bank to have failed this year.
BB&T (BBT, Fortune 500) will buy $22 billion of Colonial’s assets, as well as its deposits and branches, leaving the remaining assets in the hands of the Federal Deposit Insurance Corp.
BB&T, based in Winston-Salem, N.C., is also a regional banking power, with 1,500 branches across the Southeast. It is also a major mortgage lender.
Most customers of Colonial should not be affected by the closing. TheFDIC, the federal agency that has protected bank deposits since the Great Depression, will guarantee account balances up to $250,000.
But home buyers and those who want to refinance their mortgages could end up paying somewhat higher rates, even if they have never heard of Colonial, said Guy Cecala, publisher of trade publication Inside Mortgage Finance.
Cecala said Colonial was a significant player in the sector of the business known as “mortgage warehouse” lending, which provides financing needed by mortgage brokers and non-bank lenders to make home loans.
“The more firms like this that get out, the more dependent we get on large banks, and less competition there is. That’s never a good thing,” he said. Warehouse lending used to be a huge source of funds for home loans, according to Cecala, but the mortgage defaults and declining home prices of recent years has decimated the business.
“The warehouse lending market is now so fragile and so small, it doesn’t help when we lose anybody,” he said. “We have only a cup of water where we used to have a bucket of water.”
The fund took a $35.1 billion hit in 2008, and an additional $4.3 billion decline in the first quarter of this year, leaving it with assets of only $13 billion as of March 31. But most of last year’s decline was due to $25 billion the agency set aside to cover future losses.
“The past 18 months have been a very trying period in the financial services arena,” said FDIC Chairman Sheila Bair, in the Colonial failure release. “Our industry funded reserves have covered all losses to date. In fact, losses from today’s failures are lower than had been projected.
Little more than a year ago, bank failures were relatively rare, with only four occurring in the first six months of last year. The collapse of IndyMac, a major mortgage lender, in July 2008, signaled a rash of failures to follow. IndyMac cost the FDIC about $10.7 billion by itself, and is the most expensive failure in history.
Colonial will likely be one of the most expensive bank failures, according to Chip MacDonald, a banking lawyer at Jones Day, given its active position in mortgage warehouse lending across the Southeast.
The FDIC said Colonial’s closing will cost the Deposit Insurance Fund $2.8 billion. “That’s a significant share of the FDIC fund,” he said.
It is now a rare Friday night that the agency does not seize the assets of a newly failed bank. And the number of banks judged as troubled has soared to 305 as of March 31, up from only 90 a year earlier. Those 305 problem banks on the FDIC’s confidential list have combined assets of $220 billion.
The trust fund that covers the deposits is paid by banks, and the weaker banks have seen those premiums rise about 14% in the last year. The agency has also announced a special one-time assessment on bank assets that will raise $5.6 billion for the fund this September. But those funds will come from money that the banks will not lend out to businesses and consumers in hopes of reviving the economy.
Legal problems: MacDonald said that Colonial is also unusual because of the allegations of criminal wrongdoing at the bank.
Colonial disclosed on Aug. 4 that federal agents had executed a search warrant at its mortgage warehouse lending offices in Orlando, Fla. It also had been forced to sign a cease and desist order with the Federal Reserve and regulators at the end of last month related to its accounting practices and recognition of losses, which limited its abilities to make dividends or other payments to investors.
The agents who searched its offices came from the Special Inspector General for the Troubled Asset Relief Program, even though Colonial never received TARP funds.
Colonial applied for TARP assistance but had been told it needed to be able raise an additional $300 million in private capital to be eligible for the federal assistance. On March 31 Colonial announced it had found such an investor in Taylor, Bean & Whitaker Mortgage Co., a major non-bank mortgage lender based in Florida. But that deal collapsed, and TBW halted operations on Aug. 5 as its offices were also searched by federal agents.
The bank had issued a statement to investors in November saying it had applied for TARP and had no reason to believe its application was being processed through the normal channels. After it later disclosed the need to raise the additional $300 million in capital to get TARP, it was hit by a shareholder suit.
Colonial could end up as the second-most expensive bank failure, according to Chip MacDonald, a banking lawyer at Jones Day, given its active position in mortgage warehouse lending across the Southeast.
“It’s probably going to be cheaper than IndyMac, but my guess is it could be $5 billion to $7 billion,” he said. “That’s a significant share of the FDIC fund.”
The sale of Colonial to BB&T also comes a day after U.S. District Judge Adalberto Jordan ruled in favor of Bank of America (BAC, Fortune 500), which had requested a temporary restraining order to keep Colonial from liquidating or transferring assets worth $1 billion.
“Viewing Colonial’s contractual breach in conjunction with the fact that Colonial is on the brink of collapse and is suspected of criminal accounting irregularities, the potential for immediate substantial injury to Bank of America is clear,” the judge said in his order.
The lawsuit that prompted the order was filed by Bank of America. It involved more than 6,000 mortgages issued by its subsidiary and held in trust by Colonial. According to the motion, Bank of America is owed more than $1 billion in assets, but Colonial had failed to pay the amount owed.
Last month, the bank said in a statement that it had “substantial doubt about Colonial’s ability to continue” due to uncertainties about its ability to increase its capital levels.
Shares of Colonial (CNB), which fell 80% in 2009, were not trading Friday. But shares of BB&T (BBT, Fortune 500) gained nearly 9% on the report of the acquisition.
Pittsburgh bank fails: Late Friday, the FDIC also said a Pittsburgh-area regional bank failed, the first Pennsylvania bank to fail this year.
Dwelling House Savings and Loan Association closed its door for the last time Friday. The FDIC said PNC Bank will assume control of its assets.
As of March 31, Dwelling House held assets worth $13.4 million and total deposits of $13.8 million. The FDIC estimates that this closure will cost the Deposit Insurance Fund $6.8 million.
The 74 bank failures so far in 2009 has almost tripled last year’s total of 25.\
The business checks, and personal checks at BBT bank wont be affected, or Colonial bank. They recommend to keep on banking as normal until BBT lets the colonial customers know otherwise