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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
Debt Collection Laws and How They Apply to Businesses That Owe Money
By Max Freedman | February 21, 2023

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.

Man using calculator for business accounting
Article
How to Develop a Credit Policy
By Max Freedman | February 21, 2023

A credit policy provides flexible payment options to customers while ensuring you get paid what you’re owed. Learn how to write one.

Article
How to Collect on a Judgment
By Max Freedman | February 21, 2023

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.

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.

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.

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
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.

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
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.

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.

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
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
Using Revenue-Based Financing to Grow Your Business
By Business News Daily | February 21, 2023

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

Article
Ready for Real Estate? Now Could Be the Time for Your Biz to Buy
By Shayna Waltower | February 21, 2023

It's a good time for small businesses to buy property. Here's what you need to know to start acquiring commercial real estate.

Article
How to Calculate and Pay State Unemployment Tax (SUTA)
By Adam Uzialko | February 21, 2023

Employers are required to pay state unemployment insurance taxes. Here's how to calculate and pay unemployment tax in your state.

Businessperson signing a paycheck
Article
What Is a Merit Pay Increase?
By Nicole Fallon | February 21, 2023

Learn what merit pay is, how to award merit pay increases, and best practices for implementing a merit pay policy.

Article
Should the U.S. Eliminate the Penny?
By Ned Smith | February 21, 2023

Is it time for the U.S. to remove the penny from circulation? Learn why some experts think the one-cent copper coin isn't worth the trouble of manufacturing.

envelope with a paycheck
Article
How to Set Up Direct Deposit
By Max Freedman | February 21, 2023

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.

Article
What Is the Cost Principle?
By Dock David Treece | February 21, 2023

Cost accounting makes it easy to track the value of large assets on your books. Learn when to use it for your small business.

envelope with a paycheck
Article
Minimum Wage by State
By Max Freedman | February 21, 2023

You must pay your employees the greater of your state's hourly minimum wage or the federal minimum wage. Learn more about minimum wage laws.

financial data on a laptop
Article
Payroll Checklist: 10 Steps to Process Payroll
By Max Freedman | February 21, 2023

Processing payroll is critical for businesses. Refer to this payroll checklist to ensure you stay compliant and don't miss vital payroll processing steps.

Accountant using a calculator
Article
Entering Bills Into QuickBooks: A Complete Guide
By Vishal Sanjay | February 21, 2023

QuickBooks can help businesses with accurate financial reporting and decision-making. Learn how to enter bills into QuickBooks.