Day: August 25, 2015

An Efficient Currency Sorter Machine Saves Time, Prevents Errors

    Finance Tips

Counterfeit bill detector machine

What do you think your customers use their jar of loose change for? Once they cash in their coins, are they using that amount as their limit when they find a slot machine in Ontario? Are they letting their children use it for spending money on their summer visit to Canada’s Wonderland?

Whether your banking clients are using their cashed in coins to entertain themselves or their children, or whether they are socking those coins away into savings, as a financial institute you are only thinking about two things when that large bag of coins comes to your teller window: speed and accuracy. The most current and accurate currency sorter machine can give your retail cash management location both speed and accuracy.

If you are a business other than a financial institution, it is just as important that you have a fast, efficient and safe way to process currency. An electronic coin sorter and counter, as well as a fraud-fighter counterfeit machine, purchased from a reliable company can ease the process and improve security by providing well trained support personnel. Making your currency sorter machine purchases from a company that also provides account managers, project managers, highly-trained field service representatives, repair technicians, and logistics experts ensure you always have the support you need when it comes to your cheque, cash and coin processing.

Fully electronic counters, machines that are able to count batches of notes or of coins without having to process them individually, were first introduced in Great Britain in the early 1980s. Fast forward 30 years and cash counting machines now allow a business to maintain 100% assured accuracy for cash transactions. Since the earliest use of a currency sorter machine, the goal has always been efficiency and accuracy. Another major reason that businesses and companies use money counters, obviously, is the amount of time it saves them. Without a bill and coin sorter and counting device, counting notes by hand is time consuming and is usually completed two or three times to make sure the numbers are correct to compensate for any human error.

Whether you are a small business owner in a northern remote part of Canada, or are a small banking institution in Winnipeg, it is important for you to be able to process both coin and paper currency quickly and accurately. Making the decision to purchase a counterfeit bill detector machine and commercial coin counting machines from a company that also provides fast and quality service is key to your success. Your time is important, so yo need technicians with quick local response time that can be tailored to your needs and work within your schedule to get your equipment up and running quickly and accurately.

3 of the Dumbest Things You Can Do When You Win the Lottery

    Finance Tips

Pre settlement loan company

There are smart things you can do after you win the lottery, and there are dumb things you can do.

For example, if you wanted to do something smart after you won the lottery, you would either take your lottery lump sum payout, put it in an account, and let it collect interest for years. Another smart thing you could do is to accept your winnings as a lottery annuity settlement, and collect your lottery payments over the next few decades. You could use this annuity to support yourself as you pursue your passion, such as painting, or writing.

Unfortunately, though, people tend to make dumber decisions with their money. Here are just a few entertaining, but unfortunate examples.

Failing to Read the Fine Print. – Tonda Lynn, a former Waffle House waitress, was not a very nice person. She and her colleagues at the eatery said they’d split the winnings of whatever they won from the lotto tickets the patrons sometimes gave them. When Lynn one, the only thing she split was her job. Since it was only a verbal agreement, it didn’t hold up in court when her former friend sued her. However, being paranoid, she put her winnings in a corporation, and made her family 51% stakeholders. This made her eligible to pay a gift tax of $1,119,347.90 for her $10 million winnings.

Letting the Money Burn a Hole in Her Pocket. – When Suzanne Mullins won the lottery, she took her winnings as an annuity. However, the yearly payments weren’t enough to quench her shopping wants. She used her future lottery payments as collateral for a $200,000 loan, and found herself in debt. She then sold her annuity, but didn’t pay back the debt. Consequently, the loan company slapped her with a lawsuit, and won $154 million.

Doubling Down on Your Luck. – The fact that Evelyn Adams was luck was obvious. Not only did she somehow win the lottery, she won it twice, and all in the span of just two years. However, luck runs out, as she quickly found out. Wanting to ride out her lucky streak, she went to Atlantic City… and gambled her $5.4 million away. Today, she lives in a trailer park.

If you win the lottery, don’t do like these folks did. Make smart choices with your money.

If you have any questions, feel free to share in the comments.

Outsource Your Company’s HR Activities With a Professional Employer Organization

    Finance Tips

Payroll

Many shepayrolledge.com/blog/bid/372089/Where-to-Find-Professional-Employer-Organizations-PEOs-in-Canada” Title=”Find more information regarding Choosing a peo in canada”>mall companies rely on Professional Employer Organization (PEO) as a liaison between the company’s employees and management. PEOs are identified as a co-employer, and can solve internal issues in a company such as human resource functions, payroll management, filing taxes, and providing employees with benefits. Businesses of all kinds can benefit from PEO services, but many business owners don’t know what kind of advantages they can get from hiring a PEO for their business.

PEOs are known as co-employers, which means that they share the employer responsibilities of a company. When a business enters into a PEO contract, the employees of the company become employers of the PEO. Once the PEO has enough contracts, they pool the small businesses together in order to get better prices on benefits such as health insurance, unemployment, and workers compensation.

PEOs provide your employees with access to premium, Fortune 500 benefit packages. PEO companies will also take on HR responsibilities and payroll activities, saving your company time to focus on business. This includes conducting interviews, preparing employee policy, and the creation of an employee handbook.

Professional Employer Organizations offer complete HR business management services, along with other complicated services that many business owners have difficulty handling on their own. Despite the obvious benefits, there are a few Professional Employer Organization disadvantages. Some organizations choose to opt out of a PEO in order to remain control of their benefit plans, and other risks. Hiring a PEO can also blur the line of employer responsibilities when a mistake is made. When choosing whether or not to outsource your HR responsibilities, you must makes sure you do extensive research before choosing the right option for the needs of your company.