Restaurant labor cost is often one of the highest costs of owning and operating a restaurant. While it’s imperative to pay your employees well, it’s also important for your bottom line to manage and calculate this cost. The restaurant labor cost that businesses should aim for is generally between 29-33% of overall [...]
Bank accounts charge their customers fees for a multitude of reasons. Business accounts often have more fees attached to them due to the volume of the account, but are there bank charges for cash deposits? Account fees can add up quickly, so understanding what your bank may charge you for [...]
Convenience store robberies have increased in recent years, with research showing that these crimes account for 6% of all reported robberies. But just why are convenience stores easy targets for robbery? Increased robbery and crime rates mean that it’s imperative to prioritize convenience store security and safety. This article will highlight [...]
For any business, managing cash flow is imperative for efficiency and success. But how does a business ensure that its cash management is effective? Employing cash management automation practices can drastically improve how your business operates. Learning how to optimize cash handling practices can ensure that any business meets its cash control [...]
Are you looking to grow your business? Cash is the most important asset a business has, and effective business cash management is key to avoiding revenue loss, maximizing profits, and growing your company. There are a lot of business cash management services and systems available for companies, but choosing the [...]
Is there still a coin shortage going on? Learn about the causes and effects of a coin shortage and if the change shortage is improving in 2023.
Cash management optimization is necessary for the business to grow and succeed. Check out these tips and strategies to optimize business cash flow.
Smart safes secure cash, eliminate risk and liability to lost or stolen cash, and can make cash management easier for businesses.
A cash-only business can still be successful and profitable even when people are switching to digital payment methods.
Why Should Your Business Use a Cash Management Service? Simplifies Business Processes A cash management service takes away the burdens and responsibilities related to cash control and movement by outsourcing this important step. Productivity is increased, the workday runs more smoothly, and there is an opportunity to potentially reduce labor [...]