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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

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

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

Article
What Are Interchange Fees?
By Dock David Treece | September 10, 2024

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

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
When Should You Hire a CPA?
By Jamie Johnson | September 09, 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.

Article
Cashless Society Pros and Cons: Are Digital Payments Really Killing Cash?
By Mona Bushnell | September 06, 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 | September 06, 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 | September 06, 2024

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

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.

Accountant using a calculator
Article
What Is Bookkeeping?
By Cynthia Uzialko | July 30, 2024

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

Accountant working at a desk
Article
What Is the Cost Principle?
By Dock David Treece | July 30, 2024

Cost accounting makes it easy to track the value of large assets on your books. Learn when to use it for your small business.

Call center
Article
Workers’ Compensation Insurance: What SMBs Need to Know
By Katharine Paljug | July 16, 2024

Workers' compensation insurance is a necessity for any business with employees. Learn why you need workers' comp, what it covers, and how to handle claims.

accountant using a laptop and a calculator
Article
Which Payroll Forms Do Employers Need?
By Max Freedman | July 16, 2024

Learn all about the payroll forms small business owners must file or obtain, and how payroll software can help.

Accountant in a wheelchair working at a desk
Article
15 Accounting Payment Terms and How to Work With Them
By Jamie Johnson | June 28, 2024

Get your customers to pay their bills quickly with these accounting payment terms and strategies.

Accountant using a calculator
Article
Accounts Payable vs. Accounts Receivable
By Donna Fuscaldo | June 27, 2024

Want to optimize your cash flow management? Spend more time with your accounts payable and receivable.

Article
What Is the Dow Jones Industrial Average?
By Donna Fuscaldo | June 27, 2024

The Dow Jones Industrial Average, or the Dow, is an index that shows how 30 companies have traded in the stock market.

Accountant using a calculator
Article
A Guide to Management Accounting for Businesses
By Sally Herigstad | June 21, 2024

This guide describes management accounting and how it is used to inform business decisions and strategies.

Article
How to Accept Recurring Payments
By Max Freedman | June 20, 2024

Your customers and clients won't always remember to pay on time. Learn how to accept recurring payments to counter this problem.

Article
Financial Management for Startups
By Rebecka Green | June 20, 2024

You can't neglect financial health in the crucial early stages of building a business. Here are seven financial management tips for startups.

Accountant using a computer and a calculator at a desk
Article
Best Billing Practices for Small B2B Companies
By Jennifer Post | June 05, 2024

This guide includes billing tips for small B2B companies looking to maintain a healthy cash flow.

Article
Accounting Checklist: Tasks to Do Daily, Weekly and Monthly
By Vishal Sanjay | May 17, 2024

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

Article
10 Top Expense Trackers
By Sean Peek | May 17, 2024

Expense trackers can help you track and document how you and your team are spending money. These are some of the best expense trackers out there today.