Like many small businesses, we use an online bill pay service, which integrates with our accounting package. While reconciling our checking account, I recently discovered that there were several duplicate payments which had been debited from our account. After calling the bill pay service, who transferred me to our accounting package’s support team, who wanted […]
Earlier this month the American Bankers Association (ABA) has issued practical, simple advice which could dramatically enhance everyone’s online banking security. And, I predict, it won’t make any difference because people are unlikely to do it.
In a previous post, I wrote how small businesses are being scammed by European cyber-hackers. In a related story, Computerworld reports how Pacto Construction Co. in Portland, ME is suing Ocean Bank of Delaware because the company lost hundreds of thousands of dollars due to allegedly weak security on the part of Ocean’s online banking […]
This week, the Washingon Post reported a fascinating story on how “organized cyber-gangs in Eastern Europe are increasingly preying on small and mid-size companies in the United States.” They appear to be targeting small businesses for the simple reason that they are easier nuts to crack than large financial institutions.
This week, at a client’s request, I am reviewing their entire telecommunications spending. I decided to look at four different vendors to compare their offerings. The first one I looked at was AT&T, to see if they had a comparable long distance package.
I recently started the process of converting my personal finances from Quicken to Moneydance. I have been using Quicken for at least ten years, not because I like the program, it’s just that it’s “what I’ve always used.” I decided it was time to apply some of my own consulting practices and take a look […]
A few weeks ago we upgraded our internal bookkeeping system from Quickbooks 2006 to Quickbooks 2009. Summary: While Quickbooks 2009 offers a noticable speed increase, don’t upgrade unless you have to, and are prepared to dedicate a server to host your company file.