How much information does a business need in order to excel? Well, that’s like asking how much water a city needs or how much farmland is necessary. In other words, the more, the better. The fact is that with credit card processing you will have a lot more information about your sales than you will with cash or checks.
That’s because the monthly statement helps you to track the sales and gives you information about them. But also, the customer’s monthly statement helps him to track purchases and see where his money went. We’ve all had the problem of trying to remember where the $100 in our pocket went to throughout the day. But when we have a “trail” behind us, we will know that we spent X amount at the market and Z amount at the auto store.
