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Small businesses that may not qualify for a standard loan from a bank or alternative lender may want to look to the Small Business Administration for help.
Cost accounting helps zero in on your expenses and how they apply to each aspect of your business.
Accounting reports provide insight into your business's financial well-being. There are some reports you need to pay particularly close attention to.
Businesses that have taken out an SBA loan have options for deferring their repayment.
EBITDA is a way to measure a company's financial health. Here's how you can use this analysis tool.
Debt collection is sometimes necessary for businesses to collect the money they are owed. These tips can improve debt collection for small businesses.
Sending a late account to collections is a big decision. Should you refer a client to collections, or should you handle it yourself?
To understand the financial health of your business, you need to have precise bookkeeping.
The are several different sales percentages your business may need to calculate. Knowing the formula for those equations is key.
When suing a debtor, having a judgment in your favor is only part of the battle. There are several steps you may have to take to recoup what you are owed.
A credit policy can help protect you against clients who don't pay what they owe and boost your cash flow.
Skip tracing is a critical step when trying to collect debt from someone who is difficult to find.
There are laws and ethical guidelines creditors must follow when trying to collect an unpaid debt from businesses. Learn how to respond to a commercial collections agency.
Depending on your needs, you may be best served by hiring a debt collection attorney to recover outstanding debts.
This guide includes information about how to write a debt collection letter and pursue outstanding invoices from nonpaying clients.
Collecting debts from domestic clients is hard enough, but the process becomes even more difficult when trying to collect a debt from an international customer.
Knowing your annual revenue will help you determine if your company is profitable.
Hiring a consultant can help businesses improve performance and make necessary changes to achieve success.
Regardless of what type of business you operate, you should understand how credit card processing for your small business works. Learn here.
GAAP refers to accounting rules and standards used to prepare and standardize financial statements.
A quote and an invoice are two separate items, but both documents are needed to help ensure you are paid accurately and on time.
Consolidating business debt can simplify your monthly payments and lower your interest rate.
It might be tempting to forgo certain types of insurance that aren't required by law, but small business insurance can protect your company from ruin.
When they've exhausted all other options, freelancers can turn to collection agencies to help them collect on unpaid invoices.
Forecasting may not be on the top of your to-do list, but it's very important to run a successful enterprise.
If you're thinking about borrowing from your 401(k), consider the pros and cons first.
These billing practices can help support cash flow for small B2B companies.
Customers overwhelmingly prefer to pay with debit and credit cards. Credit card processing is essential for a small business to maximize its profitability.
When choosing invoice software, look for something easy to use and helpful for tracking outstanding invoices.