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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
What Is an Accounts Payable Aging Report?
By Donna Fuscaldo | May 01, 2024
These financial reports help track cash flow, supply chains and budgets.
Accountant working at a desk
Article
What Is the Double Declining Balance Depreciation Method?
By Dock David Treece | April 19, 2024
Double declining balance depreciation is a method of depreciating large business assets quickly. Learn how and when to use it.
Article
What Is Monetary Policy?
By Sean Peek | April 18, 2024
Monetary policy impacts the economy and small businesses. Here’s what you need to know.
Accountant using a calculator
Article
Understanding Gross vs. Net Revenue
By Dock David Treece | April 16, 2024
Gross revenue and net revenue are distinct, but both are important for small businesses to track.
Article
What Is Predatory Lending?
By Matt D’Angelo | April 15, 2024
Keep these tips in mind to avoid predatory loans.
accountant using a laptop and a calculator
Article
Payroll Reporting: What to Include
By Julie Thompson | April 15, 2024
When you're reviewing your payroll reports, these must-have pieces of information are important for both compliance and efficiency.
Accountant using a calculator
Article
Accounting Ratios and Formulas: The Basics You Need to Know
By Matt D’Angelo | April 11, 2024
Streamline bookkeeping and keep your business's finances in order.
Accountant using a calculator
Article
Balance Sheet vs. Income Statement: What’s the Difference?
By Vishal Sanjay | April 11, 2024
Balance sheets and income statements are invaluable tools to gauge your business's performance and prospects. This guide will help you understand how to use these financial statements.
Article
The 8 Types of Accounting
By Cynthia Uzialko | April 11, 2024
Not all forms of accounting are the same. Some focus on costs, others on audits and some focus on taxes.
Article
Is Not Accepting Credit Cards Hurting Your Bottom Line?
By Mona Bushnell | April 11, 2024
Cash-only businesses might be missing out on customers and profits.
businesswoman standing over a series of paper reports on a desk
Article
How to Define Accounting for Business
By Matt D’Angelo | April 11, 2024
Accounting is an important part of running a successful business. Here’s the basics you need to know.
Article
How to Prepare an Income Statement
By Max Freedman | April 11, 2024
Gather your company's revenue and expense data in a concise report.
Article
What is a Business Line of Credit?
By Max Freedman | April 01, 2024
A business line of credit gives you access to the funding you need, typically with lower interest rates than what you'd pay for a credit card.
financial data on a laptop
Article
Payroll Checklist: 10 Steps to Process Payroll
By Max Freedman | March 29, 2024
Master your payroll process with these straightforward steps.
Article
Exporting Invoices From QuickBooks
By Max Freedman | March 28, 2024
Here are some reasons you'll want to export invoices from QuickBooks to Excel — and exactly how to do it.
Article
What Is Invoice Factoring?
By Dock David Treece | March 18, 2024
Learn if this financing type can help improve your business's cash flow.
Accountant using a calculator
Article
How to Calculate Cost of Goods Sold
By Dock David Treece | February 23, 2024
Cost of goods sold (COGS) is an important part of accounting that gives insight into your profitability.
Businessperson signing a paycheck
Article
What Is a Merit Pay Increase?
By Nicole Fallon | February 16, 2024
Learn the best way to implement a clear and consistent merit pay policy.
Article
The Pros and Cons of a Term Loan
By Jamie Johnson | February 15, 2024
Understand the benefits and drawbacks before committing to this type of loan.
Article
What Is the Small Business Innovation Research Program?
By Max Freedman | February 13, 2024
The SBIR program connects small businesses with government grants for research, development and product commercialization.
Accountant using a calculator
Article
Section 179 Deduction: Rules and Limits
By Dock David Treece | February 08, 2024
Learn when this deduction is the best choice for tax benefits.
Accountant working at a desk
Article
Tax Deductions You Should Take and Some Crazy Ones to Avoid
By Sally Herigstad | February 08, 2024
Taking the right tax deductions may help reduce your tax liability significantly.
Article
What Are Payroll Liabilities?
By Julie Thompson | February 08, 2024
All businesses deal with these liabilities, which must be paid on time. Learn how a company should manage payroll.
Article
How Do Acquisition Loans Work?
By Dock David Treece | February 08, 2024
These loans are used to obtain business or strategic assets, like equipment, and allow businesses to pay for things over time.
Article
What is a Tax Audit? What Do You Do If You Get Audited?
By Simone Johnson | January 24, 2024
Understanding what a tax audit is can make them less scary. Here's what you should know if you receive an audit notice from the IRS.
Article
Overtime Pay and What It Means for Your Workers
By Andrew Martins | January 24, 2024
Learn what overtime is and how you should dole it out to your employees.
Businesswoman signing a paycheck
Article
Gross Pay vs. Net Pay
By Julie Thompson | January 24, 2024
When it comes to payroll and budget, these terms are crucial to understand. But what's the difference?
Businessperson signing a paycheck
Article
How to Calculate Gross Wages
By Sally Herigstad | January 24, 2024
Calculating gross wages is the first step to paying employees correctly and keeping accurate payroll records. Learn about the process with this guide.
Article
How to Calculate and Pay the SUTA Tax
By Adam Uzialko | January 23, 2024
Becoming an employer means learning the ins and outs of SUTA.
envelope with a paycheck
Article
How to Set Up Direct Deposit
By Max Freedman | January 22, 2024
Most employees have come to expect direct deposit paychecks. Here’s how to set up direct deposit for your small business.