Finances

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

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

This guide identifies common business liabilities that every small business owner should keep track of and understand.

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.

Direct deposit is the electronic transfer of wages from your bank to your employees' accounts. Here's how to set up direct deposit for your business.

A credit policy provides flexible payment options to customers, while also helping to ensure you get paid what you're owed. Learn how to write one.

Learn how to interpret the sales data from your POS system so you can make better business decisions.

Some companies have made the decision to go cashless. Is this the beginning of a cashless society, or will the dollar always be the staple it is today?

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.

Here are five things you can do to get lower credit card processing fees.

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

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

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

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

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

Unsure whether you should send a client to collections? Learn when you should hire a debt collection service and what the process entails.

Even if a judge rules in your favor, you still need to collect money owed to you by a debtor. Learn how to get the money you are owed.

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

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

Learn how to properly draft a debt collection letter and pursue debts from nonpaying customers.

To determine your business's financial health, you need to know how much money you are bringing in. Here is how to calculate your annual revenue.

It is especially important that entrepreneurs save for their retirement because there are no company-sponsored 401(k)s to take advantage of.

The Apple Card isn't a business credit card, but small business owners can use it to take advantage of its features and rewards.

When used responsibly, a small business credit card can help your business gain financial flexibility.

If your employees are regularly working past their 40 hours a week, you are liable to pay them overtime. Find out what that means for your business.

Discover the difference between FIFO and LIFO, and determine which method is best for your inventory.

Intangible assets can bring a lot of value to your business. Here's how to identify and manage them.

Understanding your ROI is key to making good financial decisions. Read on to learn what ROI is and how to calculate it.