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What is an Online Terminal and Why Do Merchants Need One?

Stax

Online payment systems are the standard. Globally, one-third of people do their shopping through eCommerce sites. In the US, that amounts to $3,428 per capita spent online. This article covers the what, why, and how of online terminals; all a business owner needs to know to dive in and thrive.

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How to Understand Your Profit and Loss (P&L) Statement

Stax

Here is the basic structure of a profit and loss statement: Revenue Cost of goods sold (COGS) Gross profit Operating expenses Operating income Other income and expenses Net Income. Operating income is a key metric for evaluating operational efficiency and management effectiveness.