Payments

How long does it take for bank transfers to go through

If you’re a business owner who receives payments frequently, you may have found yourself in the situation of waiting for funds to clear from the issuing bank to your bank. Despite these delays, which can sometimes take days, it’s necessary for banks to take time to go through a deposit and check it for fraud…

Analysing Your POS Data: Process and Benefits

If you own a POS terminal or system for accepting card payments, you might not realize that many POS software solutions include tools for monitoring, reporting, and tracking. These features can simplify running your retail business and enhance efficiency. Unfortunately, many business owners overlook these valuable tools. By using them, you can improve inventory management,…

How to conduct a market analysis

As a small business owner, you have probably considered the thought of expanding your business. This could be in the form of launching new products, expanding into new territory or some other means of expansion. With the changing times, you need to consider how to take your business further and not remain stagnant. This blog…

2020: 5 key digital payment trends

2020 has been a turbulent year so far and it’s only June! No one knows what the future of payments will hold for businesses in the post-pandemic landscape. There are, however, some key digital payment trends that an increasing number of businesses are likely to see and encounter this year.  Curious to know what they…

What bank details are needed to receive money?

We may receive money in our bank accounts for various reasons – services rendered, goods sold, as a gift or any other reason you can think of. In fact, bank transfers are so common that thousands, if not more, take place on a daily basis.  But if you’re new to receiving bank transfers, you might…

How to make your brand stand out

“Brand” is a rather big buzzword in marketing.  “Does your company have a memorable appearance or brand persona?” or “How does your brand speak to your customers?” are common questions that arise regarding brands. But what exactly does this term mean? In our crowded and noisy business landscape, it’s sometimes hard to stand out from…

What are contactless payments and how do they work?

Research indicates that since the onset of contactless payments, billions of transactions have been made with this new method across Europe. If you own a contactless debit or credit card or device and you’d like to find out how they work, keep reading below: As the name implies, they refer to a method of payment…

Top 5 inventory software for small businesses

It doesn’t matter whether you’re in retail or run a restaurant. Your inventory is the bloodline of your business operations. Gone are the days of using Excel to track, store, monitor, label, package and manage shipping. There are 5 great apps available today to help your small business manage its inventory. With insights from Camino…

Building your ecommerce website in 5 easy steps

Going online in these troubled times is a consideration that many business owners are seriously thinking about. With an online shop or website, you can take your business to the next level and help your business stay afloat and even thrive during the current pandemic.  But how do you start your online shop?  What are…

A helpful guide on cleaning your card reader effortlessly

A guide on how to clean your card reader

Maintaining a clean and germ-free body and surrounding environment is the best way to ensure a healthy lifestyle and to protect yourself and your loved ones from potential risks of bacteria, viruses, or other threatening infections. Thanks to the evolution of technology, we spend a great number of hours on our mobile phones. In a…

How to price your restaurant meals effectively

Opening a restaurant could mean the running of a very successful business venture. If you love serving delicious food and have an entrepreneurial streak running through you, then opening a restaurant is the ideal solution. Don’t get us wrong. It will take a lot of work – such as preparing the venue, gathering, training and…

VAT on Restaurant Food: All You Need to Know

VAT on food in restaurants

Unless you’ve studied accounting, dealing with Value Added Tax (VAT) is likely to be a confusing, difficult and rather murky topic, especially for restaurant owners who are just starting out. When it comes to the accounting of restaurants, it is important to understand the subtle distinctions of when VAT is applied on foods. The type…