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Showing posts from March, 2018

Small Business: How to Blossom

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Small Businesses: How to Grow
When you’re starting a business every penny counts. Business owners can increase with the following tools, that can save you time and money.

A Product Management Tool: As your business grows, it will be hard to keep track of all ongoing projects. It is also important to stay away from hoarding knowledge, where individuals become gatekeepers of information that is critical for others to do their job well. Project management software can counteract this by centralizing all projects and tasks in one place. Teamwork projects is a software that allows all team members to view ongoing tasks, what team members are collaborating on a project, and its progress.
An Accounting Tool: By using cloud-based accounting software you can free up time and minimize mistakes. It will automate tasks such as invoicing, taking payments, categorizing expenses and creating financial reports. QuickBooks was named the #1 accounting software in 2017, allowing you to keep track of the mon…

QUICKBOOKS UPCOMING CHANGES TO DISPUTE RESOLUTION

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Upcoming Changes to Dispute Resolution


If you are using QuickBooks to process your payments, Intuit will be implementing new guidelines for simpler dispute resolution (also known as chargeback).Visa is the first payment network to announce their change. Please see Visa’s new guidelines. 
The new process will include these changes:
New categories- There will be 4 reason code categories grouping 25 reason codes.
Faster processing- These new reason code categories will be aligned with two resolution paths:
1.   1. Fraud and Authorization categories: These categories will make up the bulk of the disputes.Under a new process called “Allocation,” Visa will automatically check the dispute in real-time and either reject the claim as invalid or assign liability. 2.   2. Processing Errors and Consumer Disputes Categories: These categories will follow the similar process as exists today for challenging a dispute under the “collaboration” process.

Shorter dispute window- You will have a shorter time f…