Your Virtual Credit Manager

APRIL 11, 2023

Invoice Inaccuracies : When there are errors on your invoice, or discrepancies between your invoice and the customer’s purchase order (PO), your customer is likely to only make a partial payment (also known as a payment deduction) or not pay until the discrepancy is resolved. Here’s more on collections.

Bad Debt 130

Bad Debt Credit and Collections Accounts Receivable (AR) Days Sales Outstanding 130

Fundera

MAY 13, 2019

Best Free Payroll Software for Small Business. Payroll4Free can perform all essential payroll functions and is entirely free for businesses under 25 employees. Wave Payroll also provides customers with an accounting, invoicing, and expense management platform, but you will have to pay a small monthly fee to use it.

Deductions 62

Deductions Small Businesses Credit Card Payments Transactions 62

Fundera

JANUARY 27, 2019

Plastiq is a payment app that lets you consolidate all your purchases onto credit cards, maximizing rewards and cash back. Consumers and small businesses can use Plastiq to pay with a credit card, even when a vendor won’t accept credit card payments. Photo credit: Plastiq.

Small Businesses 40

Small Businesses Credit Card Payments Dashboards Credit Card Companies 40

Fundera

OCTOBER 29, 2015

If debt financing—or financing with a business loan—is among the options you’re considering, let this guidebook help you understand the language and culture of shopping and applying for a small business loan. As the alternative lending market has grown, so too have the types of debt financing available to small businesses.

AR Aging 99

AR Aging Credit Scoring Small Businesses Credit Card Payments 99

Lendio

MARCH 15, 2023

Overall, opening a business bank account allows small business owners to keep their business income and expenses separate from their personal finances, which is essential for reducing financial liability and staying organized for tax season.

Deductions 52

Deductions Credit Card Payments Transactions Small Businesses 52

Abrigo

MAY 11, 2021

In addition to changing business operations, institutions should also consider the influx of stimulus money businesses and individuals have received over the past year. Most businesses had access to Paycheck Protection Program (PPP) funds intended to help small businesses stay afloat and keep workers on the payroll.

Credit Risk 78

Credit Risk Credit and Collections Credit Card Payments Deductions 78

Lendio

JANUARY 10, 2023

While they look almost indistinguishable from credit cards, debit cards function essentially like cash in practice. For consumers, they’re the best of both worlds—the simplicity of credit cards coupled with the hassle-free nature of cash. In this way, debit cards are similar to cash.

Credit Card Companies 52

Credit Card Companies Credit Card Payments Transactions Deductions 52

Fundera

MAY 18, 2018

As a small business owner, figuring out the ideal time to pay your employees is a matter of survival. Although the premise is grounded in sound logic, the basics of small business bookkeeping don’t allow you, as a small business owner, to make a choice so seamlessly when it comes to choosing a payroll schedule.

Deductions 63

Deductions Credit Card Payments Small Businesses 63

Lendio

MARCH 15, 2023

Separate Your Business and Personal Finances Once you get serious about your business, it’s important to set up a separate bank account so you draw a clear line between your business and personal expenses. Opening the right business bank account is just one part of financial management.

Deductions 52

Deductions Credit Card Payments Transactions Invoice Collections 52

Fundera

MAY 18, 2018

As a small business owner, figuring out the ideal time to pay your employees is a matter of survival. Although the premise is grounded in sound logic, the basics of small business bookkeeping don’t allow you as a small business owner to make a choice so seamlessly on how to choose a payroll structure.

Deductions 52

Deductions Credit Card Payments Small Businesses 52

Fundera

FEBRUARY 28, 2017

A secured credit card is “secured” by a deposit you make against the credit limit of the credit card. The bank that issues you the secured credit card holds that deposit just in case you don’t make your credit card payments down the line. Balance payments are applied differently.

Credit Scoring 75

Credit Scoring Credit Card Payments Credit Card Companies Deductions 75

tillful

NOVEMBER 8, 2022

For example, if your business provides graphic design services, a design ordered by a client would be a deliverable. Businesses can deduct the depreciation of their assets on their tax returns. Gross profit is the amount a business earns in total, before deducting expenses. 9 Requirements for Small Business Loans.

Credit Reporting Agencies 52

Credit Reporting Agencies Deductions Credit Scoring Credit and Collections 52

tillful

MAY 4, 2023

Many states allow you to pay taxes with a credit card. In Arizona, for example, you can use a credit card to pay individual income tax and small business income tax, but will have to pay a 2.35% convenience fee to do so. Is there a fee for using a credit card to pay taxes?

Credit and Collections 52

Credit and Collections Credit Card Payments Electronic Funds Transfer Credit Scoring 52

Fundera

APRIL 14, 2019

Wave Payroll is an easy-to-use platform that works in tandem with Wave’s free accounting, invoicing, and receipt capture software—giving small business owners a complete solution for managing their finances. That way, you can approve the payroll run with all employee hours, bonuses, and deductions accurately accounted for.

Dashboards 40

Dashboards Deductions Credit Card Payments Transactions 40

Fundera

JULY 5, 2018

Both secured credit and debit cards typically have spending limits, either equal to the line of credit or account balance respectively, effectively preventing users from spending money they don’t have. But a secured credit card is paid off monthly, not deducted from your account balance or deposit every time you spend.

Credit Scoring 55

Credit Scoring Credit Card Companies Credit Card Payments Default 55

Fundera

FEBRUARY 21, 2020

per transaction to accept card payments online and 2.7% + $0.05 to accept in-person payments with Stripe. When you’re looking for the right payment processing for your small business, cost will very likely be one of the most important factors in your decision-making process. Overall, you’ll pay 2.9% + $0.30

Transactions 52

Transactions Credit and Collections Dashboards Credit Card Payments 52

Fundera

APRIL 15, 2019

Whether you’re a home-based freelancer, the founder of a fast growing tech startup, or a business owner in a hard-to-insure industry, Hiscox insurance can help. Although best known for servicing the technology, consulting, and marketing industries, Hiscox offers small business insurance to a wide range of businesses.

Insurance Companies 40

Insurance Companies Small Businesses Credit Card Payments Deductions 40

Fundera

JUNE 22, 2020

Whether you’re a home-based freelancer, the founder of a fast growing tech startup, or a business owner in a hard-to-insure industry, Hiscox insurance can help. Although best known for servicing the technology, consulting, and marketing industries, Hiscox offers small business insurance to a wide range of businesses.

Insurance Companies 40

Insurance Companies Small Businesses Credit Card Payments Deductions 40

Fundera

APRIL 21, 2020

Inventory management: With inventory tracking, your store will keep track of how many products you have sold, and deduct that amount from the available quantity. The payment processor you use will charge a per-transaction fee and sometimes an additional flat fee applies. You can also accept payments in-person using their iOS app.

Dashboards 40

Dashboards Credit Card Payments Credit and Collections Deductions 40

Due

SEPTEMBER 4, 2023

Another exciting feature is the Deduction Finder, which uses intelligent algorithms to identify tax-saving deductions and credits tailored to each user’s unique tax situation. Square (payment processing) Rating: 4.5/5 Venmo (peer-to-peer payments) Rating: 4.5 American Express (credit cards) Rating: 4.5/5

Credit Scoring 52

Credit Scoring Transactions Dashboards Brokerages 52

Your Virtual Credit Manager

DECEMBER 3, 2024

Learn More About Consulting Readers of Your Virtual Credit Manager can access sharply discounted business credit reports from D&B, Experian, or Equifax through our partner accredit. Learn More About Credit Reports Please share this newsletter with your small business customers.

Credit and Collections 130

Credit and Collections Deductions Invoice Amount Credit Card Payments 130

Your Virtual Credit Manager

MARCH 11, 2025

From an accounts receivable (AR) perspective, digitization began accelerating in the late eighties with the introduction of tools that could help with financial analysis followed by collection, deduction management, and remittance processing software in the nineties. it just might help them collect faster and pay you sooner.

Days Sales Outstanding 130

Days Sales Outstanding Credit and Collections DSO Accounts Receivable (AR) 130

CreditStrong for Business

MARCH 21, 2025

Read on for an in-depth business financing guide. Youll learn about the many different business financing options, the costs of borrowing, and how to determine the best choice for your small business. You can use either option to access capital for your business, and each has its advantages and disadvantages.

Credit Scoring 52

Credit Scoring Credit and Collections Small Businesses Credit Card Payments 52