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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
Why SBA Loans Differ From Conventional Loans
By Donna Fuscaldo | April 21, 2021

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.

Article
What Is Cost Accounting?
By David Gargaro | April 20, 2021

Cost accounting helps zero in on your expenses and how they apply to each aspect of your business.

Article
What Are Accounting Reports?
By Dock David Treece | April 13, 2021

Accounting reports provide insight into your business's financial well-being. There are some reports you need to pay particularly close attention to.

Article
SBA Loan Deferments: What They Are and How to Qualify
By Donna Fuscaldo | April 12, 2021

Businesses that have taken out an SBA loan have options for deferring their repayment.

Article
What Is EBITDA?
By Simone Johnson | April 05, 2021

EBITDA is a way to measure a company's financial health. Here's how you can use this analysis tool.

Article
11 Credit and Debt Collection Strategies to Implement
By Max Freedman | April 05, 2021

Debt collection is sometimes necessary for businesses to collect the money they are owed. These tips can improve debt collection for small businesses.

Article
The Do's and Don'ts of Sending Someone to Collections
By Max Freedman | March 31, 2021

Sending a late account to collections is a big decision. Should you refer a client to collections, or should you handle it yourself?

Article
What Is Bookkeeping?
By Cynthia Uzialko | March 25, 2021

To understand the financial health of your business, you need to have precise bookkeeping.

Article
How to Calculate a Sales Percentage
By Max Freedman | March 25, 2021

The are several different sales percentages your business may need to calculate. Knowing the formula for those equations is key.

Article
How to Collect on a Judgment
By Max Freedman | March 24, 2021

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.

Article
How to Develop a Credit Policy
By Max Freedman | March 24, 2021

A credit policy can help protect you against clients who don't pay what they owe and boost your cash flow.

Article
What Is Skip Tracing in Debt Collection?
By Max Freedman | March 24, 2021

Skip tracing is a critical step when trying to collect debt from someone who is difficult to find.

Article
Debt Collection Laws and How They Apply to Businesses That Owe Money
By Max Freedman | March 23, 2021

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.

Article
Should You Hire a Debt Collection Attorney for Your Business?
By Max Freedman | March 22, 2021

Depending on your needs, you may be best served by hiring a debt collection attorney to recover outstanding debts.

Article
How to Write a Debt Collection Letter
By Max Freedman | March 18, 2021

This guide includes information about how to write a debt collection letter and pursue outstanding invoices from nonpaying clients.

Article
How to Manage International Collections
By Max Freedman | March 17, 2021

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.

Article
How to Calculate Annual Revenue
By Max Freedman | March 17, 2021

Knowing your annual revenue will help you determine if your company is profitable.

Article
What Is a Business Consultant?
By Business News Daily Editor | March 16, 2021

Hiring a consultant can help businesses improve performance and make necessary changes to achieve success.

Article
Small Business Credit Card Processing: What You Need to Know
By Julianna Lopez | March 15, 2021

Regardless of what type of business you operate, you should understand how credit card processing for your small business works. Learn here.

Article
GAAP: Standards and Rules for Accountants
By Business News Daily | March 11, 2021

GAAP refers to accounting rules and standards used to prepare and standardize financial statements.

Article
Quote vs. Invoice: What Is The Difference?
By Julie Thompson | March 10, 2021

A quote and an invoice are two separate items, but both documents are needed to help ensure you are paid accurately and on time.

Article
How to Choose a Business Debt Consolidation Loan
By Donna Fuscaldo | March 08, 2021

Consolidating business debt can simplify your monthly payments and lower your interest rate.

Article
Small Businesses Without Insurance Take Dangerous Risks
By Adam Uzialko | March 08, 2021

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.

Article
When Should Freelancers Use a Collections Agency?
By Sammi Caramela | March 04, 2021

When they've exhausted all other options, freelancers can turn to collection agencies to help them collect on unpaid invoices.

Article
Why Small Business Can't Ignore Forecasting
By Donna Fuscaldo | February 24, 2021

Forecasting may not be on the top of your to-do list, but it's very important to run a successful enterprise.

Article
Should You Borrow From Your 401(k)?
By Joyce Walsack | February 12, 2021

If you're thinking about borrowing from your 401(k), consider the pros and cons first.

Article
Best Billing Practices for Small B2B Companies
By Jennifer Post | February 11, 2021

These billing practices can help support cash flow for small B2B companies.

Article
Is Not Accepting Credit Cards Hurting Your Bottom Line?
By Mona Bushnell | February 11, 2021

Customers overwhelmingly prefer to pay with debit and credit cards. Credit card processing is essential for a small business to maximize its profitability.

Article
Find the Best Invoice App for Your Business
By Katharine Paljug | February 11, 2021

When choosing invoice software, look for something easy to use and helpful for tracking outstanding invoices.