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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.

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Article
What Is the FDCPA?
By Max Freedman | February 21, 2023

This federal law regulates how debt collectors can interact with debtors. Here's what you need to know.

Article
11 Credit and Debt Collection Strategies to Implement
By Max Freedman | February 21, 2023

Don't let unpaid invoices ruin your profitability. These strategies can improve your business's debt collection endeavors.

Article
What Are Accounting Reports?
By Dock David Treece | February 21, 2023

Accounting reports show how your business is performing financially. Here are the reports that matter most.

Accountant using a calculator
Article
What Is Cost Accounting?
By David Gargaro | February 21, 2023

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

Article
The 8 Types of Accounting
By Cynthia Uzialko | February 21, 2023

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.

Article
What Is an Expense Report?
By Dock David Treece | February 21, 2023

Expense reports are used for a variety of purposes. Here is how your business can use them.

Article
How Can a Line of Credit Help Your Business?
By Jamie Johnson | February 21, 2023

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

Article
The Pros and Cons of a Term Loan
By Jamie Johnson | February 21, 2023

Terms loans can help your business finance a wide range of projects. See if this is the right financing option for you.

Article
What Small Businesses Need to Know About FICA Tax
By Donna Fuscaldo | February 21, 2023

Learn how to collect, report and file FICA taxes for your business.

Accountant using a calculator
Article
How to Calculate Cost of Goods Sold
By Dock David Treece | February 21, 2023

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
What Is Payroll Accounting?
By Dock David Treece | February 21, 2023

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

Accountant using a calculator
Article
Management Accounting
By Dock David Treece | February 21, 2023

This guide describes management accounting and how it is used to inform business decisions and strategies.

Article
How to Prepare an Income Statement
By Dock David Treece | February 21, 2023

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

Businessperson signing a paycheck
Article
How to Offer Payroll Advances
By Julie Thompson | February 21, 2023

It may benefit employees if you can offer them a payroll advance in times of financial emergencies. Here's how to offer an advance to your employees.

Article
How Do Acquisition Loans Work?
By Dock David Treece | February 21, 2023

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

Article
How to Pay Yourself With an Owner’s Draw
By Julie Thompson | February 21, 2023

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

Article
What Is Business Collateral?
By Dock David Treece | February 21, 2023

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

Accountant using a calculator
Article
What Is a Revolving Line of Credit?
By Dock David Treece | February 21, 2023

This guide explains how revolving lines of credit work for businesses and how entrepreneurs can use them to their advantage.

Accountant using a calculator
Article
Accounts Payable vs. Accounts Receivable
By Donna Fuscaldo | February 21, 2023

Want to optimize your cash flow management? Spend more time with your accounts payable and receivable.

Article
What Is an Accounts Payable Aging Report?
By Donna Fuscaldo | February 21, 2023

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

freelancer using a laptop
Article
How to Send PayPal Invoices
By Adam Uzialko | February 21, 2023

Learn how PayPal invoices work and how businesses and freelancers can send PayPal invoices to get paid.

Article
What Is Value-Based Healthcare?
By Max Freedman | February 21, 2023

This article explains how value-based healthcare improves outcomes and results in happier practitioners and less spending throughout the medical industry.

Doctor signing a form
Article
The Benefits of EFT and ERA in Medical Billing
By Max Freedman | February 21, 2023

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

Doctor signing a form
Article
What Are Medical Claims?
By Max Freedman | February 21, 2023

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

Article
Mental Health Billing vs. Medical Billing
By Max Freedman | February 21, 2023

Mental health billing differs from medical billing primarily due to variables in mental healthcare not present in primary or specialty care.

Article
How to Fill Out and File an HCFA Form
By Max Freedman | February 21, 2023

The HCFA form is what non-institutional practitioners use to bill insurance companies for services provided. Here's how to complete and file it.

Article
Top 5 Best QuickBooks Alternatives: A Complete Guide
By Adam Uzialko | February 21, 2023

This guide examines five alternatives to QuickBooks accounting software.

Article
What Are Payroll Liabilities?
By Julie Thompson | February 21, 2023

Every expense associated with payroll is a payroll liability. That includes wages, taxes and payroll service costs.

Article
How to Accept ACH Payments
By Dock David Treece | February 21, 2023

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

Article
Payroll Reporting: What to Include
By Julie Thompson | February 21, 2023

Learn what information to include in a payroll report, both to ensure legal compliance and to improve financial management.