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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.

Latest: Advice, Tips and Resources

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Article
What Is Stagflation? Inflation Plus Stagnation
By Business News Daily Editor | February 03, 2020

Stagflation is rare, but it has devastating effects on the economy. Here's what a period of stagflation would mean for businesses and the larger job market.

Article
Cash vs. Accrual Accounting Methods
By Simone R. Johnson | January 30, 2020

Learn about the differences between cash and accrual accounting before you decide which method to use for your small business.

Article
What Are Financial Advisors Worried About in 2020?
By Andrew Martins | January 28, 2020

Hartford Funds has released new data suggesting financial advisors are concerned about economic slowdown due to geopolitical strife and recruiting hardships.

Article
Tax Deductions You Should Take – and Some Crazy Ones to Avoid
By Derek Walter | January 27, 2020

It's good practice to take advantage of every tax deduction you can. But some might not be legal. Here's which deductions to take and which to avoid.

Article
Microfinance: What Is It, and Why Does It Matter?
By Matt D'Angelo | January 23, 2020

Microfinancing is a type of lending that can have a significant impact, especially in the developing world.

Article
What Is Inflation?
By Matt D'Angelo | January 21, 2020

Inflation and how it impacts the wider economy is important to your business.

Article
What Should Your Profit Margins Be?
By Business News Daily Editor | January 15, 2020

As a business owner, it's important to know what your profit margins are and track them at all times.

Article
Retail Organization Raises $4M to Support Future Industry Talent
By Andrew Martins | January 14, 2020

At its annual gala, the NRF Foundation honored some of the retail industry's luminaries, awarded $45,000 in scholarships and raised millions to support the organization's efforts.

Article
What Are Accounting Standards?
By Rebecka Green | January 13, 2020

Accounting standards help businesses keep a standardized perspective on their finances. This guide will help you understand accounting standards.

Article
8 Tax Season Preparation Steps
By Derek Walter | January 13, 2020

Are you ready for tax season? Follow these steps to ensure that you're prepared come tax season this year.

Article
Accounting Ratios and Formulas: The Basics You Need to Know
By Matt D'Angelo | January 08, 2020

These accounting ratios and formulas can help you ensure your business's financial house is in order.

Article
Kabbage Payments: What You Need to Know
By Andrew Martins | January 07, 2020

Small businesses can use Kabbage Payments to accept online invoice payments. They can also use it to request payments using a custom pay link.

Review
Vend
By Lori Fairbanks | January 06, 2020

Vend is our top pick for the best retail POS system. It's affordable, easy to use and packed with features for all types of retail businesses, including fashion boutiques, car washes, computer shops,...

Article
Cashless Society Pros and Cons: Are Digital Payments Really Killing Cash?
By Mona Bushnell | January 06, 2020

Cash-free transactions are becoming common, but the road to a cash-free society is long.

Article
The Financial Independence, Retire Early (FIRE) Movement Explained
By Siri Hedreen | January 06, 2020

Here's what the FIRE movement can teach us about financial freedom and happiness.

Article
How to File a Tax Extension for Your Small Business
By Derek Walter | January 03, 2020

Is tax time approaching, and you're unprepared to file? Here's how to file for an extension.

Article
IRS Reneges on Noncompete Promise to Tax Companies
By Andrew Martins | January 02, 2020

In addition to other changes, the IRS will now offer a free tax filing solution.

Article
Paperless Pay: Should You Make the Switch?
By Kiely Kuligowski | January 02, 2020

Learn how paperless pay can save your small business time, money and frustration.

Article
Venmo for Business: Everything You Should Know
By Mona Bushnell | December 26, 2019

Should your business accept Venmo? Here's what you need to know about this payment method.

Article
The Tax Cuts and Jobs Act: How It's Affecting Tax Season for SMBs
By Skye Schooley | December 19, 2019

Learn how the Trump Tax Cuts and Jobs Act (TCJA) impacts your business's taxes this year.

Article
The 10 Best (and Worst) States for Small Business Taxes
By Julianna Lopez | December 16, 2019

These are the best and worst states for small business taxes ranked. Where does your state fall on the list?

Article
Medical Billing and Collection Tips From the Pros
By Paula Fernandes | December 05, 2019

Medical billing is complicated, but these tips from healthcare pros can help.

Article
Study Finds Entrepreneurs Are Optimistic for 2020
By Andrew Martins | December 04, 2019

New data from Bank of America suggests 2019 will end well for entrepreneurs.

Article
What Is a Profit and Loss Statement?
By John Brandon | October 19, 2019

Find out what a P&L says about your company.

Article
How to Open a Business Bank Account
By Marci Martin | October 18, 2019

Find out the steps to opening your own business bank account.

Article
Nearly Half of U.S. Workforce Worried About Financial Insecurity
By Andrew Martins | October 07, 2019

A new survey highlights fears around workers' financial well-being and job security.

Article
U.S. Business Optimism Is Growing Substantially
By Andrew Martins | September 24, 2019

Since March, entrepreneurs have become more optimistic about their business prospects.

Article
Mastercard Unveils New B2B Payment Service
By Andrew Martins | September 12, 2019

Mastercard Track will "simplify and automate payments" between businesses.

Article
How Small Businesses Are Affected by Minimum Wage
By Adam Uzialko | September 11, 2019

As minimum wages rise and big businesses offer employees more money, how can SMBs compete?

Article
GDP: The Total Value of Goods and Services of a Nation
By Siri Hedreen | August 29, 2019

What is GDP, and what does it say about the economy?