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Online Credit Reports & How They Are Tracking Everything You Do

Due

What to look for in credit inquiries: In addition to checking your credit report, you should make sure that there are no “funny business” transactions going on. Consult the credit bureau(s) if you see a suspicious business name or are confused about why a specific company checked your credit. Examples include: Bankruptcies.

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60 Business Finance Terms and Definitions You Absolutely Should Know

Fundera

Accrual basis accounting is the most common approach used by larger businesses to record and maintain financial transactions. Along with three other reports relating to the financial health of your small business, the balance sheet is essential information that gives a “snapshot” of the company’s net worth at any given time.

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60 Business Finance Terms and Definitions Every Small Business Owner Should Know

Fundera

Accrual basis accounting is the most common approach used by larger businesses to record and maintain financial transactions. Along with three other reports relating to the financial health of your small business, the balance sheet is essential information that gives a “snapshot” of the company’s net worth at any given time.

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What Is a Performance Bond?

Fundera

The surety agency—typically a bank or insurance company—assures the other party to the contract (the obligee) that they will be compensated in the event that the principal cannot complete their work. The construction company would pay its premium for the bond, and everyone walks away happy. When to Use a Performance Bond.