Credibly

JULY 31, 2024

Table of Contents Small business loans vs. small business financing: What’s the difference? Securing a small business loan has probably crossed your mind. Small business loans vs. small business financing: What’s the difference? It doesn’t have to be so baffling.

Credit Scoring 78

Credit Scoring Small Businesses Credit Unions Default 78

Lendio

MARCH 31, 2023

Tax season can be stressful for accountants and small business owners. We will take a look at what you, as a small business owner, need to provide to your accountant for your business tax returns. They also include information on any deductions or contributions made to retirement plans or other employee benefits.

Small Businesses 52

Small Businesses Deductions Transactions 52

Fundera

FEBRUARY 13, 2017

Tax season is upon us—a time that can strike fear in the hearts of small business owners everywhere. But while there’s a wealth of information out there about tax deductions for business owners in general, when you run your business out of your home, it can be far more challenging to understand how some of those policies apply.

Deductions 85

Deductions Bad Debt Credit and Collections Small Businesses 85

Fundera

JANUARY 7, 2019

Running your own small business comes with its own financial hurdles. More often than not, your business credit card ends up being your best bet to keep the ship floating. But that also means you’re likely to come up against business credit card fees, which can add up. Understanding How Business Credit Card Fees Work.

Deductions 50

Deductions Credit and Collections Credit Card Payments Credit Card Companies 50

Your Virtual Credit Manager

JANUARY 17, 2023

Photo by Alex Radelich on Unsplash When small businesses add customers and increase sales, their company’s Accounts Receivable (AR) will grow. It is important to keep in mind that trade credit — selling on terms in a B2B environment — is greatly affected by the transactional process.

Credit and Collections 246

Credit and Collections Accounts Receivable (AR) Days Sales Outstanding Past Due Invoices 246

Your Virtual Credit Manager

SEPTEMBER 13, 2022

Photo by Jp Valery on Unsplash Payment deductions, also known as chargebacks or short pays, happen when the customer pays less than the full invoice amount. Should you confirm that the customer is indeed correct, the deduction is removed from the Accounts Receivable (AR) ledger via a credit memo. Well, it’s not.

Deductions 130

Deductions Credit and Collections DSO Accounts Receivable (AR) 130

Due

MARCH 24, 2024

Lasser’s 1001 Deductions and Tax Breaks” by Barbara Weltman This book is an excellent starting point for people not knowing much about taxes. Written by Barbara Weltman, an expert small business tax lawyer, this isn’t a simple list of what you can deduct. The author, Mark J. tax system.”

Deductions 105

Deductions Small Businesses Transactions 105

Your Virtual Credit Manager

DECEMBER 19, 2023

If they are the result of a payment deduction (partial payment), an issue requiring an administrative solution, not handling the matter inflates your AR. Anytime there is a payment deduction or a partial balance is left on an invoice, it should be a matter of policy to resolve the underlying issue within 30 days.

DSO 130

DSO Third Party Collections Credit and Collections Deductions 130

Your Virtual Credit Manager

SEPTEMBER 17, 2024

For small business executives, and many mid-sized businesses as well, managing collections effectively can be a significant challenge, particularly when time and resources are limited. Over time, this erodes profitability and financial stability, making it harder to keep the business running smoothly.

Credit and Collections 100

Credit and Collections Accounts Receivable (AR) Bad Debt Credit Risk 100

Fundera

OCTOBER 11, 2017

Following is the ultimate small business tax preparation checklist. If you use your personal vehicle for business, deducting the standard mileage rate on your tax return is usually more beneficial than paying for actual vehicle expenses throughout the year. Preparing for tax season doesn’t have to be daunting.

Small Businesses 89

Small Businesses Deductions Transactions 89

Fundera

DECEMBER 4, 2018

What Is the Small Business Tax Rate? The small business tax rate for 2019 is a flat 21% for a C-corporation. Business income from a sole proprietorship or from a pass-through entity—such as an LLC, partnership, or S-corporation—gets taxed at the owner’s individual income tax rate, minus a deduction of up to 20%.

Small Businesses 75

Small Businesses Deductions Credit and Collections Law Firms 75

Fundera

MARCH 30, 2018

Step 2: Don’t forget those non-cash transactions! It’s easy to identify transactions you’ve made in your business when they’ve been paid using a business checking account or credit card account. Make sure that you’ve recorded these types of transactions on your books, too!

Small Businesses 76

Small Businesses Deductions Credit and Collections Transactions 76

Fundera

OCTOBER 20, 2019

How to Manage Small Business Finances in 5 Comprehensive Steps. Choose a business bank account and separate your personal and business finances. Organize your business finances by using accounting software and hiring a professional. Understand and fulfill your business tax responsibilities. ATM access.

Small Businesses 101

Small Businesses Credit Scoring Credit and Collections Default 101

Fundera

APRIL 22, 2019

Best Bookkeeping Apps for Small Business Owners. In the world of small business accounting , bookkeeping apps can change how you do business. As a small business, you don’t have a big accounting or bookkeeping department to balance your books and help with financial planning.

Small Businesses 92

Small Businesses Transactions Dashboards Deductions 92

Fundera

MARCH 31, 2017

The IRS tax code is complicated—many small businesses struggle to understand how their tax liability is determined. This guide breaks down the types of federal taxes your business may be subject to, how these taxes are applied to different types of business types, and the different rates applied to your business earnings.

Small Businesses 75

Small Businesses Deductions Transactions 75

Your Virtual Credit Manager

JANUARY 3, 2023

” This junk AR comes in a variety of forms, such as: Short payment/deductions Debit memos Unapplied credit memos Unapplied cash Late payment fees and other surcharges Early payment discounts taken but not deserved Clutter obscures the true amount a customer owes and causes confusion. it just might help them pay you sooner!

AR Automation 130

AR Automation Collector Credit and Collections Bad Debt 130

Your Virtual Credit Manager

MARCH 12, 2024

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

AR Transformation 100

AR Transformation Credit and Collections Accounts Receivable (AR) Order to Cash 100

Your Virtual Credit Manager

APRIL 25, 2023

There was a lot of gnashing of teeth on the part of the sales team at the beginning, but invoice accuracy improved in each subsequent month as the sales began transmitting accurate pricing and terms to order processing, thereby reducing downstream disputes and payment deductions. it just might help them pay you sooner!

Credit and Collections 130

Credit and Collections Past Due Invoices Collector Deductions 130

Fundera

JULY 25, 2020

As a small business owner, it’s natural for you to want to take care of your employees. Below, we explore the most common small business 401(k) costs, how these fees are determined, and who pays for these fees, so that you can choose the best possible plan for your employees. . Online transactions.

Small Businesses 52

Small Businesses Transactions Deductions 52

Your Virtual Credit Manager

APRIL 4, 2023

Two types of AR tend to accumulate in the over 90 day aging bucket: unpaid invoices and a build up of transactional debris — what we like to call “Clutter.” Clear as many of the clutter transactions as possible from your AR ledger. Please feel free to share this newsletter with your small business customers.

Past Due Invoices 100

Past Due Invoices Credit and Collections Deductions Accounts Receivable (AR) 100

Fundera

MAY 31, 2017

But as a small business owner, what do you know about American Express’s small business loans ? Would any of the American Express small business loans be a fit for your business? Here’s everything you need to know about American Express business loans. What do they offer?

Small Businesses 55

Small Businesses Credit and Collections Deductions Transactions 55

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. Business bank accounts are built for owners and entrepreneurs.

Deductions 52

Deductions Credit Card Payments Transactions Small Businesses 52

Fundera

NOVEMBER 8, 2016

Thankfully, there are plenty of payroll services for small business trying to solve just this problem. Here’s our list of the top 52 payroll services for small business. Payroll Services for Small Business: What Should You Look For? Are their hours convenient for your business? Which is right for you?

Small Businesses 106

Small Businesses Deductions Transactions 106

Fundera

NOVEMBER 4, 2017

Thankfully, there are plenty of payroll services for small business trying to solve just this problem. But what are the best payroll services for small business? We’ve figured it out and compiled a comprehensive guide to the best payroll solutions for small business owners. Which is right for you?

Small Businesses 106

Small Businesses Deductions Transactions 106

Lendio

JANUARY 3, 2023

When you’re a small business owner, keeping your finances organized is crucial to your success—and it all starts with a good system for tracking your business expenses. Expense tracking is the gateway to cutting costs, improving cash flow, and optimizing your deductions during tax time. Open a Business Bank Account.

Deductions 52

Deductions Transactions Small Businesses 52

Fundera

DECEMBER 1, 2018

It takes many things to start and run a successful small business: passion, determination, discipline, and the right people, but the best-laid plans will go nowhere without one key ingredient—cash. The way you manage your cash flow can make or break your business and affect your ability to grow. Ending cash balance.

Small Businesses 70

Small Businesses Transactions Deductions 70

Fundera

NOVEMBER 25, 2017

Hiring a person or a team of people to work with you on keeping diligent financial records, filing taxes, applying for loans, and planning for the long term is one of the best decisions you can make as a small business owner. Figuring out which expenses are tax-deductible—your car? Setting up your business.

Small Businesses 108

Small Businesses Deductions Accounting Firms Transactions 108

Fundera

OCTOBER 13, 2018

When you’re running a small business, you likely dedicate a lot of careful attention into making a sale. Whether you’re selling a good or a service, you’re likely pouring a lot of your business’s resources into achieving that moment when a customer pays your business for whatever you offer. per each transaction.

Small Businesses 52

Small Businesses Transactions Deductions 52

Fundera

APRIL 25, 2017

It takes many things to start and run a successful small business: passion, determination, discipline, and the right people, but the best-laid plans will go nowhere without one key ingredient—cash. The way you manage your cash flow can make or break your business and affect your ability to grow. Here’s an easy formula for each.

Small Businesses 66

Small Businesses Transactions Deductions 66

Lendio

JANUARY 11, 2023

Cash advances are repaid automatically through a percentage of the business’s daily credit card deposits. Historically, merchant cash advances have been used by newer and smaller small businesses that may have a more difficult time qualifying due to a short time in business or low credit score. Merchant Cash Advance Cons.

Credit Scoring 97

Credit Scoring Transactions Deductions Small Businesses 97

Fundera

DECEMBER 1, 2018

It takes many things to start and run a successful small business: passion, determination, discipline, and the right people, but the best-laid plans will go nowhere without one key ingredient—cash. The way you manage your cash flow can make or break your business and affect your ability to grow. Ending cash balance.

Small Businesses 61

Small Businesses Transactions Deductions 61

Lendio

JANUARY 10, 2023

For small businesses, though, debit cards function more like credit cards because you’ll be charged a variety of fees each time a debit card is swiped at your establishment. When a purchase is made, the funds are deducted directly from the buyer’s account. Why Are Small Businesses Charged Debit Card Fees?

Credit Card Companies 52

Credit Card Companies Credit Card Payments Transactions Deductions 52

Your Virtual Credit Manager

OCTOBER 25, 2022

Prompt and accurate Cash Application is an absolute requirement for running a successful, profitable business. Please feel free to share this newsletter with your small business customers. Share A Cautionary Tale An apparel company with annual sales of $200 million had approximately 5,000 small and medium size customers.

Credit and Collections 130

Credit and Collections Accounts Receivable (AR) Cash Applicator Deductions 130

Lendio

JANUARY 25, 2023

As a small business owner, one of the most important tasks you will have to complete each month (and perhaps more frequently) is payroll. In an effort to save money, some small business owners opt to handle payroll on their own (often with the help of payroll processing software). every other week) Semi-Monthly (i.e.,

Deductions 52

Deductions Small Businesses Accounting Firms Transactions 52

Lendio

JANUARY 11, 2023

Expense categories provide a variety of benefits for small business owners. Not only do they make budgeting easier—they can also streamline business tax filing. When your expenses are organized , you’ll be able to cruise through your tax reporting and be in a better position to get deductions. Business Meals.

Deductions 52

Deductions Cybersecurity Small Businesses Transactions 52

Gaviti

JUNE 17, 2024

This is in contrast with customer payment portal software, which is typically targeted towards small business clients who don’t require the same level of complexity when it comes to their accounts receivable. They simply need a way for their customers to make a straightforward transaction. The elimination of manual processes.

Payment Portals 52

Payment Portals Electronic Funds Transfer Invoice to Cash Credit and Collections 52

Fundera

MAY 15, 2018

Sometimes as a small business owner, you need cash faster than a traditional lender can approve your business loan application. In that case, you’ll want to look into cash flow loans for small business, which can put cash in your hand in just a couple of days. Emergencies. Opportunities.

Small Businesses 65

Small Businesses Credit Scoring Deductions Transactions 65