Cash basis and accrual basis are two different ways of valuing assets on your business's books. Learn the differences and why they matter.
Double declining balance depreciation is a method of quickly depreciating large business assets. Learn how and when to use it.
Overhead rate is a measure of a company's indirect costs relative to another input or metric. Learn how to calculate your overhead rate.
Processing payroll is critical for businesses. Refer to this payroll checklist to ensure you stay compliant and don't miss vital payroll processing steps.
Cost accounting makes it easy to track the value of large assets on your books. Learn when to use it for your small business.
Retro pay is extra wages added to employee paychecks when a prior check was less than it should have been. Learn how to calculate and avoid retro pay.
Interchange fees are costs you pay for processing credit card transactions. See how these fees may impact your small business.
Learn how to accept overnight payments electronically and offer this added benefit to your customers.
This article explains how value-based healthcare improves outcomes and results in happier practitioners and less spending throughout the medical industry.
The accounts payable aging report can give you a complete view of your cash flow from one month to the next.
Want to optimize your cash flow management? Spend more time with your accounts payable and receivable.
This guide explains how business collateral works and why it’s important when you're applying for a secured loan.
Learn the difference between gross and net revenue, which are both important metrics for businesses to track.
This guide explains invoice factoring, a funding option available to businesses that turns outstanding invoices into cash in exchange for a fee.
This guide describes management accounting and how it is used to inform business decisions and strategies.
A business line of credit provides a lot of financial flexibility. Here is how it could help your business.
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
This guide describes eight accounting methods small businesses can use to manage their finances.
This guide explains when you should send an account to collections and how you should handle the process.
This federal law regulates how debt collectors can interact with debtors. Here's what you need to know.
This intro to bookkeeping defines the term and describes how bookkeeping relates to your business’s accounting methods.
When you're suing a debtor, getting a judgment in your favor is just part of the journey. There are often several steps required to recoup what you are owed.
A credit policy provides flexible payment options to customers while ensuring you get paid what you’re owed. Learn how to write one.
This guide explains debt collection laws and how they apply to businesses.
This guide offers tips on how to draft a debt collection letter and when you should send one.
Collecting a debt from international customers can be tricky. Here are four steps you can take to try and collect on money you are owed.
To determine your business' financial health, you need to know how much money you are bringing in. Here is how to calculate your annual revenue.
Quotes and invoices help businesses get paid correctly and on time. Learn the differences between quotes and invoices and best practices for creating both.
Want to try crowdfunding your business venture? Here are 10 ways to get the most out of your crowdfunding campaign.
Providing 401(k) plans has advantages for both business owners and employees. Learn about tax credits, exclusions, matching and more.