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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
6 Credit Card Processing Scams to Avoid
By Leslie Pankowski | April 11, 2024

Many small businesses fall victim to credit card processing scams. Learn about common credit card processing scams and how to find a credit card processor.

fingers punching numbers on a credit card processor
Article
Effective Tips for Negotiating Lower Credit Card Processing Fees
By Rebecka Green | April 11, 2024

Follow these tips to get a better deal with your credit card processor.

Article
Small Business Credit Card Processing: What You Need to Know
By Elizabeth Crumbly | April 11, 2024

Learn the basics of credit card processing, including fees, transaction types, and pros and cons.

Article
How to Prepare an Income Statement
By Max Freedman | April 11, 2024

An income statement can be used for gauging the health of a business and making strategic decisions. This guide explains how to prepare an income statement

two business partners conversing at a desk
Article
How to Pay Yourself With an Owner’s Draw
By Julie Thompson | April 01, 2024

This guide explains how business owners can pay themselves with a payroll tactic known as an "owner's draw."

Article
What is a Business Line of Credit?
By Max Freedman | April 01, 2024

A business line of credit provides a lot of financial flexibility. Here is how it could help your business.

financial data on a laptop
Article
Payroll Checklist: 10 Steps to Process Payroll
By Max Freedman | March 29, 2024

Processing payroll is critical for businesses. Refer to this payroll checklist to ensure you stay compliant and don't miss vital payroll processing steps.

Article
Exporting Invoices From QuickBooks
By Max Freedman | March 28, 2024

Exporting invoices from QuickBooks is quick and efficient. Learn how to do it here.

Article
How to Accept Mobile Payments via SMS
By Max Freedman | March 25, 2024

SMS payments can help you obtain customer payments that might otherwise go missed – and that's not their only benefit.

Article
How to Accept ACH Payments
By Dock David Treece | March 22, 2024

Learn how to accept overnight payments electronically and offer this added benefit to your customers.

Article
What Is Invoice Factoring?
By Dock David Treece | March 18, 2024

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

Accountant using a calculator
Article
The Best Receipt-Tracking Apps for Professionals
By Andrew Martins | March 04, 2024

What's the best receipt app for your business? We reached out to small business owners and other professionals to find out what software they prefer.

Accountant using a calculator
Article
How to Calculate Cost of Goods Sold
By Dock David Treece | February 23, 2024

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

Article
10 Ways to Reduce Your Fuel Costs
By David Gargaro | February 20, 2024

Businesses that operate a fleet of vehicles know how much money they are spending on fuel each month. Here are several ways to cut down on those expenses.

Businessperson signing a paycheck
Article
What Is a Merit Pay Increase?
By Nicole Fallon | February 16, 2024

Learn what merit pay is, how to award merit pay increases, and best practices for implementing a merit pay policy.

Article
The Pros and Cons of a Term Loan
By Jamie Johnson | February 15, 2024

A term loan is a one-time upfront payment to fund a one-time project or long-term business growth. Learn whether a term loan is right for your business.

Article
What Is Payroll Accounting?
By Dock David Treece | February 15, 2024

Payroll accounting is the process by which businesses track expenses related to payroll. Learn more about it and how accounting software can help.

Article
What Is the Small Business Innovation Research Program?
By Max Freedman | February 13, 2024

Joseph Hennessey, Small Business Innovation Research Adviser, explains

Doctor signing a form
Article
What Are Medical Claims?
By Max Freedman | February 12, 2024

Medical claims are documents that your practice must submit to payers for reimbursement. Learn how to create them here.

Businessman with a calculator and laptop
Article
What Are Accounting Standards?
By Jamie Johnson | February 12, 2024

This guide introduces the concept of accounting standards and explains why they are important to businesses trying to better manage their finances.

Accountant using a calculator
Article
Section 179 Deduction: Rules and Limits
By Dock David Treece | February 08, 2024

Section 179 lets you deduct the cost of a business asset in the year you buy it or place it in service. Learn if it's the best choice for your business.

Accountant working at a desk
Article
Tax Deductions You Should Take and Some Crazy Ones to Avoid
By Sally Herigstad | February 08, 2024

Some tax deductions may cause the IRS to flag your tax return while others could even land you in trouble. Learn what deductions you can and can't take.

Article
What Is An Expense Report?
By Dock David Treece | February 08, 2024

Expense reports help you understand your business's financial activities, profit margins and cash flow. Learn about creating and using expense reports.

Article
What Are Payroll Liabilities?
By Julie Thompson | February 08, 2024

Payroll liabilities are payroll expenses a business owes but has not paid. These liabilities can appear every time you run payroll.

Article
How Do Acquisition Loans Work?
By Dock David Treece | February 08, 2024

Businesses use acquisition loans to acquire other businesses or strategic assets, such as equipment. Learn how they can help your company.

person doing taxes
Article
Freelance Taxes: What Every Freelancer Needs to Know
By Paula Fernandes | January 30, 2024

Freelancers are responsible for figuring out their own tax obligations and when to pay. Learn how to pay taxes as a freelancer.

Article
Mental Health Billing vs. Medical Billing
By Max Freedman | January 25, 2024

Mental health billing differs from medical billing due to variables in mental healthcare not present in primary or specialty care. Learn what's involved.

Article
What is a Tax Audit? What Do You Do If You Get Audited?
By Simone Johnson | January 24, 2024

A tax audit is a review of your reported data to ensure it is correct. Here is how a small business can avoid one and how to handle it when the IRS calls.

Article
Overtime Pay and What It Means for Your Workers
By Andrew Martins | January 24, 2024

If your employees are regularly working past their 40 hours a week, you are liable to pay them overtime. Find out what that means for your business.

Businesswoman signing a paycheck
Article
Gross Pay vs. Net Pay
By Julie Thompson | January 24, 2024

Gross pay is what employees earn before taxes, benefits and payroll deductions are withheld. The remaining amount is net pay. Learn how to calculate each.