Get free guidance and exclusive deals to grow your business with business.com+
Join Free
BND Hamburger Icon

Menu

Close
BND Logo
Search Icon
Search Icon

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

See All Latest
Article
SBA Loan Deferments: What They Are and How to Qualify
By Donna Fuscaldo | January 18, 2024
When circumstances entirely out of your control make SBA loan payments difficult, you may qualify for a payment pause known as a deferment.
Businesswoman signing a paycheck
Article
How Stagnant Real Wages Hurt Small Businesses
By Casey Conway | January 17, 2024
Find out how wage issues combined with inflation can hurt both existing businesses and would-be entrepreneurs.
Article
How Your Business Can Accept Apple Pay
By Sean Peek | January 17, 2024
Apple Pay is a convenient, secure and contactless mobile payment method. Learn how Apple Pay works and how to accept Apple Pay in your business.
Article
What Is EBITDA?
By Simone Johnson | January 17, 2024
EBITDA is a way to measure your company's financial health. Learn how to use this analysis tool.
Article
How to Build Business Credit
By Matt D’Angelo | January 17, 2024
Good business credit helps your company grow faster. Learn how to build and maintain solid business credit.
Article
What Are Accounting Reports?
By Dock David Treece | January 16, 2024
Accounting reports are statements that show the financial health of a business.
Article
Filing for Bankruptcy: Information, Benefits and Disadvantages
By Chad Brooks | January 16, 2024
Bankruptcy helps people and businesses get a fresh start financially. Learn what filing for bankruptcy entails, as well as its benefits and disadvantages.
Accountant in a wheelchair working at a desk
Article
Small Business Valuation: How to Determine Your Business’s Worth
By Bennett Conlin | January 13, 2024
Accurately gauging your business's value isn't an exact science. Learn valuation methods, how to calculate your business's value and why it's important.
Article
What Is Depreciation in Business?
By Kiely Kuligowski | January 11, 2024
Depreciation can affect the value of your assets and your taxes – often for several years. Learn how depreciation works and how to track it.
Article
How to Choose a Business Debt Consolidation Loan
By Donna Fuscaldo | January 11, 2024
Learn how business debt consolidation works and how to choose the best debt consolidation loan for your business.
Article
How to Run Payroll for a Nonprofit Organization
By Hannah Tayson | January 08, 2024
There are unique payroll challenges for a not-for-profit organization, such as a 501(c)(3). Here are some tips on running payroll for a nonprofit.
Article
FIFO vs. LIFO: What Is the Difference?
By Adam Uzialko | January 05, 2024
Learn the differences between FIFO (first in, first out) and LIFO (last in, first out) to determine the best inventory management method for your business.
Article
The 10 Best (and Worst) States for Small Business Taxes
By Natalie Hamingson | January 03, 2024
Find out which states are best or worst for small business taxes. Our guide includes information on property, individual, sales and corporate taxes.
Article
11 Debt Collection Strategies to Implement
By Max Freedman | December 20, 2023
This guide offers tips for small businesses trying to collect debts.
Article
Get Your Business Taxes in Order Before the New Year With These Tips
By Sally Herigstad | December 15, 2023
The year's last quarter is a good time for businesses to strategize spending and expenses to prepare for tax season. Learn tips for end-of-year tax prep.
Article
Opening a Business Account When You Have Bad Credit
By Sally Herigstad | December 13, 2023
Business bank accounts are crucial for recordkeeping and professionalism. Learn how to get a business bank account even if your personal credit is poor.
Article
Why SBA Loans Differ From Conventional Loans
By Donna Fuscaldo | December 13, 2023
This guide explains how SBA loans differ from typical bank loans and how you can use them to your small business’s advantage.
Article
What’s a Balance Sheet and Why Do I Need One?
By Sally Herigstad | December 13, 2023
A balance sheet shows where your business stands at a certain point and includes assets and liabilities. Learn why balance sheets are crucial in business.
Article
How to Save for Retirement if You Have Your Own Business
By Joanna Furlong | December 08, 2023
Several types of individual retirement accounts and 401(k) plans can benefit self-employed people. Learn about saving for retirement as an entrepreneur.
Article
7 Ways Small Business Owners Can Start Preparing for Retirement
By Cailin Potami | December 06, 2023
Small business owners are responsible for their retirement planning. Learn how to set concrete goals and weigh retirement savings accounts.
Article
Should You Hire a Debt Collection Attorney for Your Business?
By Max Freedman | November 27, 2023
A debt collection attorney works to recover debts from nonpaying customers. Learn when business owners should hire or consult a debt collection attorney.
Article
How Small Businesses Are Affected by Minimum Wage
By Adam Uzialko | November 20, 2023
Minimum wage increases affect small businesses. Learn about state and local minimum wage laws and what small businesses need to know to plan and adapt.
pair of hands swiping a credit card on a reader
Article
Still Not Accepting EMV Chip Cards? Why You Need to Switch
By Paula Fernandes | November 20, 2023
EMV chip cards help prevent fraud and allow customers to pay easily. Learn why you might want to accept this form of in-person card payment.
Article
What Is Inflation?
By Rebecca Neubauer | November 20, 2023
Learn about the types of inflation, the history of inflation in the U.S., inflation's impact on interest rates and how to protect your business from the effects of inflation.
Accountant using a calculator
Article
What Is a Revolving Line of Credit?
By Dock David Treece | November 20, 2023
A revolving line of credit lets businesses borrow against a set amount. Learn how revolving lines of credit work, their types, and their pros and cons.
Article
Should You Get an Unsecured Business Loan for Your Small Business?
By Sally Herigstad | November 20, 2023
Getting small business funding without collateral is challenging. An unsecured business loan is an option, but interest rates and risks are factors.
Accountant doing payroll
Article
What Is a Lien?
By Simone Johnson | November 20, 2023
A lien gives a lender the right to your property or assets if you fail to repay a loan. Learn how liens can help your business and how to get rid of them.
Article
What Is a Per Diem?
By Nicole Fallon | November 15, 2023
A per diem is a daily stipend an employer provides to cover employee expenses. A per diem employee works with a company on a daily basis at a set rate.
Article
Should You Audit Your Bookkeeper?
By Linda Pophal | November 08, 2023
Conducting random audits of your bookkeeper and finances can ensure your books are balanced and your bookkeeper is following proper protocol. Learn how.
Article
Getting Audited? How to Handle It Like a Pro
By Siri Hedreen | November 08, 2023
Here’s everything small business owners need to know about being audited by the Internal Revenue Service.