Author Archive

10
Dec

Electric Cash Counters Provide Both Accuracy and Efficiency

Written by Best Financial Magzine. Posted in Cash counters, Fraud-fighter counterfeit machine

Currency sorting machine

This is the season when a number of retailers make a majority of their profits. Businesses cannot show a profit or meet their sales numbers, however, if they have workers who cannot accurately make change or if they accept counterfeit bills. For this reason, a growing number of businesses have invested in high speed scanners and fraud fighter counterfeit machines, as well as cash recycler machines and money counter machines. Eliminating error and fraud, in fact, can make any business more profitable this holiday season, as well as year round.
From managing coins to making sure that no employee has the

17
Nov

The Important Benefits of Using a Payroll Provider

Written by Best Financial Magzine. Posted in Canadian employer of record services, Federal income tax payroll deductions, Small business payroll solutions

Canadian employer of record services

One of the things that businesses notice as they grow is that tasks like payroll begin to take up more time. In fact, payroll services can turn into a full time job and many businesses will bring on an employee or an entire payroll team to handle the new tasks. The other option, however, is to hire a business management services company that handles all company payroll services. Either way, it is important to dedicate the payroll taxes to a specific person or company for the following reasons.

For easy onboarding of new employees
A single new employee often takes hours to onboard. After the initial interview

03
Sep

How to Increase Your Business’ Presence, Customer Loyalty, and Overall Sale’s Revenue

Written by Best Financial Magzine. Posted in Meat price tags, Pedestal sign holders, Plastic hang tag sleeves

Plastic hang tag sleeves

Effective signage can make a significant difference in a business’ presence, customer loyalty, and overall sales revenue. When considering that 2014 data revealed there are 30,000 SKUs launched every year, signs are needed to draw customers to all of these new and existing products.

Every day, consumers are exposed to an average of 3,000 ads and promotional messages. Many shoppers will conduct research on products of interest on their smartphones. When making their final purchase decisions, however, 77% will go into a brick-and-mortar store. Once in a store, 82% will completely finalize their choices.

A 2014 Mass Merchant Study revealed some interesting information about unplanned, or impulse, purchases. This study showed that 16% of these impulse buys were due to a display they saw while

08
Aug

Tips For Managing Your Small Business’s Finances

Written by Best Financial Magzine. Posted in Coin boxes, Commercial coin counting machines, Managing coins

Note recyclers

Your business’s profit is central to your success. But how can you have a good handle on your profit without managing your cash flow? If your most recent cash management solutions are falling flat, it is certainly time to revamp them. Follow these tips to keep your cash flow organized and open for profit. From a coin sorter and counters to online spread sheets, there are a multitude of steps you can take to keep your money organized.

  • Keep Detailed Records: Often, your organization is only as good as your record keeping. By keeping detailed spreadsheets of cash flow, you can monitor patterns in profit and find any problematic financial periods. Just be sure to keep up wit
08
Aug

Challenges an American Company Faces Hiring Canadians

Written by Best Financial Magzine. Posted in Federal income tax payroll deductions, How to calculate payroll deductions, Medical record scanning services

Outsourced payroll providers

A business owner must do everything possible to find the right talent. No company wants to find themselves limited by location. You don’t want to miss out on finding the right employee. Many American companies have avoided hiring Canadians in the past due to payroll and tax issues. Professional employer organizations have enabled companies to hire outside of the United States with ease. In this post, you will learn about five challenges American companies face when hiring Canadian employees.

  1. Insurance Costs

    One challenge a business owner faces is finding the right insurance plan for employees. Companies who are unable to find the best insurance plan may not have an attractive employee benefits packages to offer. A business without the right benefits may never lan
02
Jun

Four Important Factors When Calculating a Company Valuation

Written by Best Financial Magzine. Posted in Business evaluation, Business valuation calculator, Business valuation firm

Business valuation tools

Sometimes it makes more sense to purchase an already established business, rather than build something from the ground up. This business model is why there are so many franchisee owners. For a fee, you can receive all of the tools needed for success, as well as a business name that is already recognized. Purchasing an already established business has many benefits, but it can be difficult to come up with a fair price. How can you put a number on a business? There are many factors to consider.

How long has the business been open?
The time length that the business has been open can be helpful in determining its value. A brand new business means that you will still have to do many of the new business tasks, such as marketing, building a reputation, and finding your plac

17
Apr

The Economy Goes Way, Way Back

Written by Best Financial Magzine. Posted in Cash register counter, Coin counting machines for sale, Currency counter machine

Electronic coin sorter and counter

The process and methodology of money goes back a long, long way. There are several distinct phases in the history of money and several key developments that led the global economy to the powerhouse that it is today. Starting far back in the distant, each of these developments seem separate but is actually an interconnected part of a greater whole. It’s the small things, the development of round coins, the invention of the electric cash counter, that’s made the economic world what it is today. And it all starts way back during the days of the roman empire.

    From Bartering to Something Better
    While other empires made use of some form of currency in previous times, it was the Romans who first widely disseminated the idea of a ‘currency machine’ to replace the v

10
Apr

The Importance of Using a Business Valuation Model When Buying a Business

Written by Best Financial Magzine. Posted in Business valuation service, Certified business appraiser, Comparables valuation

Small business valuations

When the residential market improves, the business market tends to follow. As people are better able to afford and profit off of their residential properties, they have more abilities to open or purchase a small business. If you have been contemplating purchasing a local business and finally working for yourself, now is a great time. However, make sure that you are purchasing a good business deal, at a fair price. If you intend to purchase the business with a loan, the loan company will require a business valuation that makes sense.

Purchase in an industry that you know
Simply purchasing a successful business is not enough to be successful. Once you purchase the business, you will be in charge of every aspect of the sales, product development, and customer service. I

28
Mar

Getting What You Need from Your Credit Card Processing

Written by Best Financial Magzine. Posted in Mobile credit card processing, Payment gateway, Small business credit card machines

Best credit card payment processor

Every single month there are more than 500,000 new businesses that take off and hope to fly. Many will fail, but many will succeed. Those who will succeed will do so because they are properly set up to take credit and debit cards. Almost every small business that is not set up to take cards will not make it. They seem to think they can not afford to take cards, but the fact of the matter is that they can not afford not to.

Credit card solutions for small business is a niche in the financial world that is growing rapidly. Banks are finally beginning to see how the public wants to spend its money and how small businesses need the kind of help and support that can make their business thrive.

In almost every American wallet you will find a credit or debit card. Many different studies have rec

27
Feb

Why Small Business Valuation Shouldn’t Be As Troubling As You Think

Written by Best Financial Magzine. Posted in Business evaluation, Business valuation ebitda, Small business valuation software

Business valuation appraisal

For many small business owners who are selling their business, small business valuation can be a significant factor in the deal getting done because for many owners, it is extremely difficult to attach a dollar value to the business. It is a touchy subject because of the blood, sweat, and tears that have gone into building the thing.

In many cases, selling a business comes after years of struggle and leans times before, hopefully, turning the venture into something successful. Because of those years of struggle and success, small business valuation can become muddled by subjective personal attachments and pricing that is not routed in marketplace reality.

As with the value of one’s home, the actual value of a small business is exactly the amount that someone is willing to pay for it. Personal