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How to Add Value in Your Organization

  The value you add is the real contribution you make to your organization's success. Performing the activities listed in your job description or your  job specification  is important and makes a contribution. However, your value-add moves beyond mere activities or tasks performed and illuminates, instead, the overall contributions you make to your organization's success. NOTE:   Value-added activities or contributions most often produce measurable results for your company. These are things that make the company better, more profitable, and a nicer place to work. What Does Value-Add Mean? To use a physical comparison, value-add is the difference between a product's selling price and the cost of the materials used to produce it. In this example, the value-add​ is the combination of labor, machine investment, shipping and distribution, marketing, packaging, and more that add value so that a customer will purchase the raw materials that initially were the only...

Ways to Protect Your Customers From Competitors

If your competitors are trying to grow new business, it's almost inevitable that some of them will start sniffing around your customers, trying to lure them away. Unless you take a few precautions, you could find yourself losing your customer base before you even know what's happened. 01. Stay in Touch:   How often do you pick up the phone and call your existing customers? Almost certainly not as often as you should. Yes, it takes time away from other sales activities, but think of the five minutes you spend talking to your best customer as “customer insurance.” As a rule, the more important your customer is, the more frequent your check-ins should be, but don't neglect any of your customers. You're also not just limited to using the phone;  email  and even snail mail can be great ways to maintain contact. 02. Add value:   When you call up those customers, don't just say "hi." Always try to find a way to offer something of value. It could be a fact you...

How to Handle a Bank Error

When your bank makes a mistake on your account statement, the best way to address it is by sending a quick and detailed notice. Finding billing errors on a bank statement can be extremely frustrating, especially because security and accuracy are such basic obligations for a bank. While there are laws that protect consumers against such mistakes, receiving the full benefit of such protections often requires prompt action. What Do Bank Billing Errors Look Like? The majority of bank billing errors involve open-end credit, which is consumer credit extended by a bank in which: The bank reasonably expects repeated transactions The bank may charge occasional fees or interest on an unpaid balance The amount of available credit increases up to its original level as the outstanding balance is repaid. The most common example of open-end credit is a credit card or a line of credit. Legally, a bank must send out periodic statements to all customers with open-end credit products. You should always p...

How to Open a Business Bank Account for Your LLC

One of the most important things to do after forming your LLC is to open a business bank account. Your business bank account allows you to keep track of business expenses, simplify tax reporting, deposit payments under your company name, and to set up credit card payment acceptance. While it’s not technically necessary, it is highly recommended that you do maintain a separate bank account for your business. Follow our steps below to set up your business bank account. 3 Steps to Set Up Your Business Bank Account 1. Choose a Bank That Fits Your Business Needs All banks are not created equal. There are a vast number of banks options out there, and you’ll need to do some research to see which account is right for your needs. When choosing a bank for your business, take into consideration the following factors: Existing banking relationship - banking relationship is extremely important when doing business. Using more products and services from the same bank will help to reduce some costs an...

Troubleshoot issues with Bank Feeds

There are two ways to import your bank transactions to QuickBooks Online: file upload or bank feeds. We’ll show you how to resolve common issues with both. File Upload / CSV Import Check to make sure the CSV file is formatted correctly. Guidelines can be found in Import bank transactions from Excel CSV file to QuickBooks Online. If you can upload your CSV file, great! No further action is required. Want to connect your account via Bank Feeds? Check out Banking transactions to learn more. Bank Feeds Standard feed  - To update QuickBooks with your transactions, you need to enter your bank credentials/One-Time-Pass-code. Troubleshooting steps will differ depending on the type of connection you are using. It's important that you select the correct connection type. More information on bank feeds can be found in our  Banking transactions  overview. Standard Feed Log in to your bank account directly via your bank website and complete the following steps: While log...

Error -6000, -82 or -6000, -106 when opening or accessing the company file

  Solution 1: Remove spaces after the company name and before the company file extension Log out of QuickBooks Desktop on all machines. Open to the folder where the company file is stored. Right-click on the company file and choose  Rename . Select the name of the file, then check and remove any spaces between the file extension and the name of the company. Try to open or create a company file. If the issue persists, proceed to  Solution 2 . Solution 2: Turn off hosting with each computer where QuickBooks is installed For Single-User Access: Note:   Turning off Hosting mode disables multi-user access. Go to  File  >  Utilities  >  Stop Hosting Multi-User Access. When "Stop hosting multi-user access" message appears, select  Yes . When the "Company file must be closed" message appears, select  Yes . For Multi-User Access: Note:  This error usually indicates that one or more client computers are incorrectly set up to host m...