Finances

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

Retro pay is extra wages added to employee paychecks when a prior check was less than it should've been. Learn how to calculate and avoid retro pay.

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

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

Do you owe money on a business loan? The lender may be able to put a lien on your property or other assets. Here's what you need to know about liens.

The accounts payable aging report can give you a complete view of your cash flow from one month to the next.

POS systems are necessary for any business that sells products. Here's how to set up yours.

There are several laws and guidelines collection agencies must follow when collecting on a debt. Here are the laws that apply to you if you owe creditors.

Find out which tax laws, codes and deadlines apply to small businesses in 2022.

Accepting mobile credit card payments isn't that hard, but it does require an understanding of the purchasing process.

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

Cost accounting scrutinizes your business's expenses. Companies, such as manufacturers, use cost accounting. Learn more about this type of accounting.

Revenue-based financing can help businesses find capital without incurring interest or losing equity. Learn the pros and cons of revenue-based financing.

Check out the answers to these frequently asked questions about self-employed 401k plans.

EFT and ERA have numerous advantages in medical billing, mostly related to your cash flow, time and medical record accuracy.

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

If you're a small or medium business, you likely don't have the staff to dedicate to chasing overdue invoices.

Overhead rate is a measure of a company's indirect costs relative to another input or metric. Learn how to calculate your overhead rate.

Learn how cash and accrual accounting compare to one another, and how to determine which is best for your business.

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

Trying to figure out your small business budget? Here's some expert advice on managing your finances.

Business debtors and creditors should know about the Fair Debt Collection Practices Act (FDCPA). Learn about debtors' rights and creditors' limits.

Sometimes you need a debt collection attorney to help you recover outstanding debt from clients. Here is when to hire one.

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

Business collateral is an asset that serves to secure a loan when businesses need capital. Here's everything you need to know about collateral.

Skip tracing is an important step in the debt collection process. Here is what it is and when it is used.

Gross wages are the amount of pay an employee earns before any deductions. Learn how gross wages differ from net wages, and how to calculate them.

As a small business owner, cash flow is important. Nonpaying customers interrupt cash flow and harm your business's financial well-being.

EBITDA is a way to measure your company's financial health. Learn how to use this analysis tool.

There are several accounting methods you can use to monitor your business's financial health. Learn more about each type and the benefits they offer.