Category Archives: business tips

Milk Expires: Miles Shouldn’t

Unless all of your miles are with Delta, they can expire.  There is no sadder fate for an airline mile, given how easy it is to avoid mileage expiration. First, the facts:  most airline miles expire after a defined time period during which there is no authorized activity.  The typical time period is 18 months (American, US Airways, United).  Some airlines are a bit more generous.  Southwest Airlines is 24 months.  And, Korean Airlines is an amazing 7 years.  For… Read the rest

Tips for Preventing Chargebacks in eCommerce

Whether from buyer’s remorse, misunderstandings, or a business oversight, charge backs are a frustrating loss to online businesses. It’s already enough just to guide the customer into a purchase without them demanding a credit card refund. While these claims can often be disputed in order to let you keep your money, it is better to avoid the situation altogether. Set Clear Expectations Customers often don’t understand how businesses operate, from inventory to shipping. This leads to confusion and stress on… Read the rest

How to Get a Statement and Reconcile Your PayPal Business Account

This tutorial assumes that you know how to reconcile a checking account using Quickbooks, and also that you are familiar with Microsoft Excel. I know that a lot of people don’t take the time to reconcile their accounts, but when you are running a business it is a mandatory chore that has to get done. Whether it’s you the business owner that does it, or your accountant, someone has to do it.  Especially if you are required to collect sales… Read the rest

Why Your Business Needs a Savings Account

Every business should consider having a savings account as well as a checking account. In some cases it might be a good idea to have more than one savings account, especially if your business is one that receives grants or special funding. Business savings accounts are similar to personal savings accounts with a few differences. There are often several kinds of savings from which to choose. Most types of savings accounts allow instant access meaning you can withdraw your funds… Read the rest