Time is money, and never more so than thinking about how $15 minimum wage is impacting your business – here are 3 things you can do to get ready.
In light of the rising minimum wage, here are simple things that can be implemented now allowing you to transition those hourly employees to doing more meaningful, and more valuable work.
1) Offer online payments that are deposited right to your account, saving check processing and deposit paperwork
2) Integrate your merchant account to automatically import transactional date into QuickBooks – streamline and automate the bookkeeping process
3) Introduce e-mail reminders for balances due and don’t add value to your business.
Allowing your front line and back office employees to spend more quality time with your customers and clients is a better use of their talents. This is probably where you will see the most benefit for your business.
Nothing can replace a face to face interaction, and most business owners I know complain that the payment transaction can be stressful – asking clients for money is typically their least favorite aspect of the business.
Learn about the changes affecting your state and your business, no matter where you operate. Review the changes in minimum wage and think about the ways that you can keep ahead of the rising costs of being an employer.
We can help make the transaction simpler while keeping it affordable with low overall costs and allow you to collect revenues faster and reduce receivable balances. Schedule a call and e-mail us today to learn more.
~ Mary Ann