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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.

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Article
How the New Tax Law Impacts Small Business
By Matt D’Angelo | November 15, 2022

The Republican tax plan has officially made it through Congress. Here's what it means for your business.

Article
How Small Businesses Are Affected by Minimum Wage
By Adam Uzialko | November 02, 2022

As minimum wages rise and big businesses offer employees more money, how can small businesses compete?

Accountant using a calculator
Article
What Is a Revolving Line of Credit?
By Dock David Treece | November 02, 2022

This guide explains how revolving lines of credit work for businesses and how entrepreneurs can use them to their advantage.

Article
How Do Acquisition Loans Work?
By Dock David Treece | November 02, 2022

This guide describes acquisition loans and how they are used to acquire business assets and entire companies.

Accountant using a calculator
Article
Gross vs. Net Revenue
By Dock David Treece | November 02, 2022

Learn the difference between gross and net revenue, which are both important metrics for businesses to track.

Article
GAAP: Standards and Rules for Accountants
By Adam Uzialko | November 02, 2022

GAAP guidelines provide direction for accountants when preparing financial statements. Here are the 10 GAAP principles accountants should follow.

Article
Baby Boomers Worried They Haven’t Saved Enough for Retirement
By Dock David Treece | November 02, 2022

As the baby boomer population nears retirement, a study shows that 45% aren't prepared.

Article
5 Ways Small Business Owners Can Start Preparing for Retirement
By Katharine Paljug | November 02, 2022

This guide offers tips to help small business owners plan and save for their retirement.

Article
How to Write a Debt Collection Letter
By Max Freedman | November 02, 2022

Learn how to properly draft a debt collection letter and pursue debts from nonpaying customers.

Accountant using a calculator
Article
Management Accounting
By Dock David Treece | November 02, 2022

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

Article
What Is an Expense Report?
By Dock David Treece | November 02, 2022

Expense reports are used for a variety of purposes. Here is how your business can use them.

Businessman using laptop computer
Article
How to Run Payroll in QuickBooks
By Trish Petak | November 02, 2022

Learn how to process payroll in QuickBooks Online with this step-by-step guide.

Article
What Is Economics?
By Erica Sandberg | November 02, 2022

Understanding economic principles helps entrepreneurs see the big picture. Learn about the economic branches and applications, including the stock market.

Article
Should You Borrow From Your 401(k)?
By Joyce Walsack | November 02, 2022

Before you borrow against your 401(k), learn the pros and cons of this funding strategy.

Article
What Should Your Profit Margins Be?
By Dock David Treece | November 02, 2022

Learn why profit margins are important to your business and how to maximize them.

Article
What Is Stagflation? Inflation Plus Stagnation
By Ross Mudrick | November 02, 2022

Stagflation is a mix of increasing prices and limited economic growth, and governments can do little about it. Here's what small businesses should know.

Article
What’s a Balance Sheet, and Why Do I Need One?
By Adam Uzialko | November 02, 2022

It's a tool for looking inside your business to outline what it's really worth.

Article
iPhone Credit Card Processing: What You Need to Know
By Adam Uzialko | November 02, 2022

If you're in need of credit card processing for your small business, you could use your iPhone. This guide explains how.

Accountant using a calculator
Article
What Is a Profit and Loss Statement?
By Adam Uzialko | November 02, 2022

A profit and loss statement can indicate company health; it also gives banks or investors a better understanding of your business.

Article
How to Calculate Annual Revenue
By Max Freedman | November 02, 2022

To determine your business's financial health, you need to know how much money you are bringing in. Here is how to calculate your annual revenue.

Article
7 Credit Card Processing Tools You Should Be Using
By Max Freedman | November 02, 2022

These tools will help you accept credit cards, online or in person, without the headaches.

Article
How to Build Business Credit
By Matt D’Angelo | October 27, 2022

Good business credit helps your company grow faster. Learn how to build and maintain solid business credit.

Article
Still Not Accepting EMV Chip Cards? Why You Need to Switch
By Paula Fernandes | October 27, 2022

If your small business hasn't upgraded its technology to accept EMV chip cards, now's the time to do it. Here's why.

Article
Is Not Accepting Credit Cards Hurting Your Bottom Line?
By Mona Bushnell | October 27, 2022

As cash payments decline and contactless payments grow, not accepting credit cards could hurt your business. Learn why your business should accept cards.

Article
Microfinance: What Is It, and Why Does It Matter?
By Matt D’Angelo | October 20, 2022

Microfinancing is the process of giving small loans to business owners without access to traditional financial products. Learn how microfinancing works.

Article
What Is Invoice Factoring?
By Dock David Treece | October 20, 2022

This guide explains invoice factoring, a funding option available to businesses that turns outstanding invoices into cash in exchange for a fee.

Article
How Next-Day Payment Can Help SMB Cash Flow
By Matt D’Angelo | October 20, 2022

Learn how next-day payments and other quick loan options can bolster your small business's cash flow.

Article
When Community Banks Die: How Small Businesses Are Affected
By Matt D’Angelo | October 20, 2022

Community banking can be a great funding resource if national options don't fit your needs. So what does its decline mean for small businesses?

Article
Small Business Taxes: Advice from the Experts
By Chad Brooks | October 20, 2022

With April 15 quickly approaching, Business News Daily spoke with several tax and small business experts about some of the biggest mistakes that are made when filing taxes, what deductions shouldn't...

Accountant using a calculator
Article
How to Calculate Cost of Goods Sold
By Dock David Treece | October 20, 2022

Tracking cost of goods sold (COGS) is an important indicator of financial health and critical for tax deductions. Here's how to calculate COGS.