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Who Is Responsible For a Lost Package: Buyer or Seller?

Who Is Responsible For a Lost Package: Buyer or Seller?

In the e-commerce world, lost mail can become a big problem for merchants and consumers. Any business worth their salt will follow their shipping processes to the T. A good business will triple check shipping addresses and will make sure that their products are packed...

What Is The Purpose Of Auditing

What Is The Purpose Of Auditing

What is Auditing? Everything Business Owners Need to Know The word “audit” is typically associated with the Internal Revenue Service (IRS). The IRS generally opens an audit on a taxpayer when their taxes don't quite add up. This can certainly be stressful, which is...

Choosing an Electricity or Natural Gas Supplier in New York State 

Choosing an Electricity or Natural Gas Supplier in New York State 

New York State opened the State’s electric and natural gas industries to competition in the 1990s. Changes in the markets provided an opportunity for consumers to choose who provides their energy supply – either their utility or a third-party supplier known as an...

10 Cost Reduction Strategies to Try in 2019

10 Cost Reduction Strategies to Try in 2019

As a business owner, reducing costs while maximizing revenue in your business is always front of mind. Your ability to do this, and the strategies available to you will vary by industry. There are, however, several effective strategies that business owners can...

What Are Tariffs and How Do They Affect Your Business?

What Are Tariffs and How Do They Affect Your Business?

A tariff is a charge levied on imported goods. Customs authorities impose tariffs on goods arriving at a nation's borders. Countries can sign free trade agreements to reduce or eliminate them. Tariffs can also apply to exported goods, but this is rare. This article...

Biweekly vs. Semi-Monthly Payroll: What’s the Difference?

Biweekly vs. Semi-Monthly Payroll: What’s the Difference?

When it comes to the way that your company handles payroll, you might find that there are various options available for you. State law will typically specify the time frame within which employees must legally get paid. That doesn’t mean, however, that you can’t pay...

What is a General Ledger Account?

What is a General Ledger Account?

A general ledger account is the backbone of the recordkeeping of business, forming the basis of a firm’s financial statements. It is used to sort, summarize, and store information about all of the transactions conducted during business operations. The flow and...

Cost Avoidance vs Cost Savings: What is the Difference?

Cost Avoidance vs Cost Savings: What is the Difference?

What is Cost Avoidance? Cost avoidance has to do with any action that avoids having to incur costs in the future. In a business setting, cost avoidance is a measure that lowers potential increased expenses as a way of decreasing a company’s future costs. In cost...

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