BND Hamburger Icon

Menu

Close
BND Logo
Search Icon

Finances

Learn the ins and outs of what you need to have ready to secure funding for your business. We've covered the basics.

Latest: Advice, Tips and Resources

See All Latest
Article
Credit Card Processing Fees Explained
By Julie Thompson | November 22, 2024

Learn which fees come with accepting credit cards as a form of payment, as well as how your business can reduce those processing costs.

Accountant using a calculator
Article
What Is the Accounting Cycle?
By Vishal Sanjay | November 21, 2024

Learn the accounting cycle, an eight-step process for recording and analyzing your company's financial activities to ensure accurate bookkeeping.

Article
Accounting Checklist: Tasks to Do Daily, Weekly and Monthly
By Vishal Sanjay | November 08, 2024

Use this handy checklist to divide your company's accounting into daily, weekly and monthly tasks.

Article
When Should You Hire a CPA?
By Jamie Johnson | November 08, 2024

When is the right time for your business to hire a CPA to take care of your tax needs? This guide explains how to know when to hire an accountant.

Accountant using a calculator
Article
What Is Bookkeeping?
By Cynthia Uzialko | November 08, 2024

This intro to bookkeeping defines the term and describes how bookkeeping relates to your business’s accounting methods.

Article
What Is Value-Based Healthcare?
By Max Freedman | November 08, 2024

This article explains how value-based healthcare improves outcomes and results in happier practitioners and less spending throughout the medical industry.

Businessperson signing a paycheck
Article
How to Make a Pay Stub
By Dock David Treece | November 04, 2024

Pay stubs are an important part of payroll accounting. Learn how to make pay stubs so your employees can track their wages, taxes and deductions.

envelope with a paycheck
Article
How to Create a Payroll Budget
By Dock David Treece | November 04, 2024

Creating a payroll budget requires adding the total cost of each employee on your payroll. Learn to conduct this essential aspect of running your business.

Accountant doing payroll
Article
What Are Payroll Deductions?
By Sammi Caramela | October 30, 2024

Learn exactly how to calculate net pay and payroll withholdings for your small business.

Article
Cash vs. Accrual Method of Accounting
By Dock David Treece | October 28, 2024

Cash basis and accrual basis are two different ways of valuing assets on your business's books. Learn the differences and why they matter.

credit card processor
Article
What to Look For in Your Credit Card Processing Service Agreement
By Chad Brooks | October 21, 2024

Before you sign a contract with a credit card processor, you need to know what fees and terms you're agreeing to. Here's what you need to watch out for.

Article
When Community Banks Die: How Small Businesses Are Affected
By Matt D’Angelo | October 18, 2024

Community banking can be a great option compared to big banks, but what does its decline mean?

businesswoman standing over a series of paper reports on a desk
Article
Direct Costs vs. Indirect Costs: What Are They, and How Are They Different?
By Ethan Spielman | October 03, 2024

Direct costs and indirect costs both influence how small businesses should price their products. Here's what you need to know about each type of expense.

Article
Cashless Society Pros and Cons: Are Digital Payments Really Killing Cash?
By Mona Bushnell | October 03, 2024

Cashless transactions are growing worldwide with a wide range of payment options. Learn the pros and cons of cashless payments and what they mean for SMBs.

Server using a POS system in a restaurant
Article
How to Interpret and Learn From POS Sales Reports
By Adam Uzialko | October 03, 2024

POS systems come with various sales reports that provide a wealth of statistics for your business. Learn about POS sales reports and how to interpret them.

Article
How to Set Up a POS System
By Adam Uzialko | October 03, 2024

POS systems are necessary for any business that sells products. Here is everything you need to know about POS installation.

Article
What Are Interchange Fees?
By Dock David Treece | September 26, 2024

Interchange fees are costs you pay for processing credit card transactions. See how these fees may impact your small business.

Article
What’s the Difference Between Accountants and Bookkeepers?
By Donna Fuscaldo | September 17, 2024

Accountants and bookkeepers are both financial professionals but perform different tasks. This article explains the differences and when to hire each one.

Article
How Are Bonuses Taxed?
By Max Freedman | September 11, 2024

Giving your employees bonuses? Learn how to calculate the proper tax withholdings.

Article
How Long Could Your Business Survive on Cash Reserves?
By Sally Herigstad | September 10, 2024

The average small business can only last 27 days without cash inflows. How long would your company make it?

envelope with a paycheck
Article
A Guide to Bonus Depreciation
By Jamie Johnson | September 09, 2024

Not sure what bonus depreciation is or how to track it? Learn how to claim bonus depreciation for your business assets in this detailed guide.

Article
Self-Employed 401(k) Plans: Frequently Asked Questions
By Heather Larson | September 05, 2024

Check out the answers to these frequently asked questions about self-employed 401(k) plans.

Accountant working with a laptop and a calculator
Article
What Are Payroll Taxes?
By Sean Peek | September 05, 2024

Employers must withhold federal income tax, plus any state or local taxes. Here’s what every small business owner should know.

businesman signing a check
Article
Accounts Receivable: What Small Businesses Need to Know
By Sally Herigstad | August 29, 2024

Accounts receivable refer to unpaid invoices a business should receive from customers from sales. Learn how accounts receivable affects operations.

coworkers at their desks in an office
Article
Is Equipment Considered an Asset?
By Julie Thompson | August 19, 2024

Equipment can be both an asset and a liability in business accounting. Learn how to classify it properly on your balance sheet.

Article
How to Accept Mobile Credit Card Payments
By Bennett Conlin | August 13, 2024

Accepting mobile credit card payments allows your business to make sales anywhere, anytime. Find out how mobile credit card readers work.

Article
Private Funding Sources for Small Businesses
By Siri Hedreen | August 12, 2024

Private funding sources can offer much-needed investment capital to any small business's balance sheet. Here's what they are and how to secure funding.

Businessperson signing a paycheck
Article
How to Create a Biweekly Pay Schedule
By Erin Donaghue | August 12, 2024

A biweekly pay schedule is the most common pay frequency. Here's how your small business can implement it.

Warehouse inventory manager
Article
What Is Overhead Rate and Why Should Your Business Be Tracking It?
By Dock David Treece | August 05, 2024

Overhead rate is a measure of a company's indirect costs relative to another input or metric. Learn how to calculate your overhead rate.

two business partners conversing at a desk
Article
How to Calculate Compound Interest
By Erica Sandberg | July 30, 2024

This guide explains what compound interest is and how to calculate it for your small business.