Member You - Business

Profit From Your Own Car Park
Have you ever been to a town or place when there is a huge sporting event happening, and have you noticed the lack of parking available? Well, what if you lived near one of those sporting events, or in the heart of the business district, even near shopping areas that don’t have enough parking available? If so, then did you know that you can make money from renting out your parking spot. Now don’t get me wrong, it has to be on your property such as your driveway, you

sentative to let that bank or its affiliate processor attempt to recover the owed funds.

Imagine a Director of the Bursar's Office who is getting an ever-increasing amount of bounced checks. This Director, in concert with other officials, may even be considering abandoning a check payment option, upset about a) incurring high return check bank fees (which typically range from $5 to as high as $30); b) not receiving due compensation; and c) spending valuable time trying to collect the debt or utilizing expensive collection agencies. Check consolidation and recovery can alleviate these sources of frustration.

Check consolidation is a perfect mechanism to reduce return check bank charges. Here, the school employee processes any check with a special return item endorsement, changing the bank of first deposit with a simple stamp on the back of the check. In the untoward circumstance that the paying bank (i.e., the check writer’s bank) denies payment due to insufficient funds, that check goes to a special designated bank and not to the school's affiliated bank. Obviously, because the check does not go back to the college or university's bank, the school does not incur their bank’s higher charge. The designated bank can typically charge $3 and even less for any returned check, representing important savings.

The savings become magnified if a school has multiple locations. Each location’s NSF checks can be combined and sent to this designated bank. School officials not only enjoy a substantial discount for these returned items, but they typically receive thorough electronic reporting on all NSF checks. The designated bank can either mail the NSF checks back to the school or facilitate electronic collections (a process called electronic recovery). As the service is free, it seems prudent for any school representative to let that bank or its affiliate processor attempt to recover the owed funds.

If electronic collections are requested, all NSF checks are entered into a database and re-submitted electronically up to two additional times through the Automated Clearing House (ACH) network. When the funds are collected and released, the school receives 100% of the face value of the check. In addition, some companies even give the school a percentage of a state-allowed processing fee. (The bad check writer, not the school itself, is assessed a state-sanctioned processing fee, typically $25.) Are Your Cleaning Customers Motivated by Quality or Price?
You don't have to be running your own business for very long to find out that customers are different when it comes to what they expect out of a cleaning service. There are those customers who want the best, no matter what the cost. On the other end of the spectrum are price conscious customers who are more concerned with how their cleaning expenses fit into their overall budget than anything else. Marketing to these two distinctly different groups can indeed be a chalerfect mechanism to reduce return check bank charges. Here, the school employee processes any check with a special return item endorsement, changing the bank of first deposit with a simple stamp on the back of the check. In the untoward circumstance that the paying bank (i.e., the check writer’s bank) denies payment due to insufficient funds, that check goes to a special designated bank and not to the school's affiliated bank. Obviously, because the check does not go back to the college or university's bank, the school does not incur their bank’s higher charge. The designated bank can typically charge $3 and even less for any returned check, representing important savings.

If electronic collection attempts prove unsuccessful, those NSF checks can be forwarded to a collections department. Upon collection, the school may still receive 100% of the face value of the check.

In signing up for these services, a school finance official may now embrace the concept that "the best things in life are free." He/she reduces return check bank fees, secures free electronic attempts in the collection of NSF checks and then, if necessary, "hires" the services of a collection agency at no cost.

These programs should dramatically reduce operational expenses and maximize cash flow for any academic institution. Indeed, checks need no longer be perceived as a "necessary evil" for doing business in the "ivory tower."

HTTP = HTML link (for blogs, profiles,phorums):
<a href="http://www.memberyou.net/article/3363/memberyou-Get-Schooled-in-Electronic-Check-Recovery-and-Consolidation.html">Get Schooled in Electronic Check Recovery and Consolidation</a>

BB link (for phorums):
[url=http://www.memberyou.net/article/3363/memberyou-Get-Schooled-in-Electronic-Check-Recovery-and-Consolidation.html]Get Schooled in Electronic Check Recovery and Consolidation[/url]

Acoustics deals with the study of sound, that is of mechanical waves in liquids, gases and solids. The term 'acoustic' comes from ancient Greek and it refers to the ability of being heard.

While many businesses use analog (tape) based dictation, the benefits of digital are so overwhelming, it is only a matter of time before tapes go the way of the typewriter (still hanging around the office, but not really used).

Tags

Links

Member You - Get Schooled in Electronic Check Recovery and Consolidation

Related Articles: