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

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

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 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

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

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 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

Fundera

NOVEMBER 4, 2015

When you’re new to the world of small business lending, it’s not uncommon to have more questions than answers. Almost without fail, the first question every small business lender or loan broker will ask you is, “How much do you need?” How will my credit impact my small business lending options?

Small Businesses 97

Small Businesses Credit Scoring Credit and Collections Default 97

Your Virtual Credit Manager

SEPTEMBER 10, 2024

High Deduction Volumes: Consumer goods manufacturers and distributors, and in particular those selling to chain stores, often incur high volumes of payment deductions. Investigating and resolving deductions alone is much too costly. Learn More About Credit Reports Please share this newsletter with your small business customers.

Credit and Collections 130

Credit and Collections DSO Deductions Accounts Receivable (AR) 130

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

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

OCTOBER 2, 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.

Past Due Invoices 130

Past Due Invoices Credit and Collections Deductions Accounts Receivable (AR) 130

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

Lendio

MAY 23, 2023

When it comes to taxes for small businesses, the questions often come fast and furious. Every small business has unique financial details, so there are no universal answers. Understand Your Business Tax Rate Your business tax rate depends on the type of business you have. How much money will I owe?

Small Businesses 52

Small Businesses Deductions Credit and Collections Bad Debt 52

Your Virtual Credit Manager

DECEMBER 24, 2024

Small and medium businesses (SMBs) have to deal with many of the same challenges as larger ones. A key difference (besides volume of transactions) is the lack of labor specialization. Learn More About Credit Reports Please share this newsletter with your small business customers. What else can be done?

Credit and Collections 130

Credit and Collections Collector Bad Debt Accounts Receivable (AR) 130

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

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

CreditStrong for Business

NOVEMBER 8, 2024

Credit cards are powerful tools, and almost 70% of small businesses use them each month. 1 Understandably so, as they can help facilitate sales and purchases, separate personal and business funds, and build your business credit scores. Are Credit Card Fees Tax Deductible for Businesses?

Deductions 40

Deductions Credit Card Companies Transactions Credit Scoring 40

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

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

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

MAY 4, 2017

Sometimes you just need extra capital to grow your business. If you’re not willing to give up equity in your company or don’t qualify for small business grants , then taking on a business loan could be the way to go. However, business loans certainly aren’t free money to use as you please for your business.

Small Businesses 85

Small Businesses Credit and Collections Credit Scoring Invoice Amount 85

Fundera

SEPTEMBER 15, 2020

You’ll see that this is one easy way for your business to get ahead. Many people associate EINs with big corporations, but even a freelancer or the owner of a very small business might need an EIN to file business taxes and for other purposes. Personal office deductions have a tendency to bring on IRS audits.

Deductions 130

Deductions Small Businesses Bankruptcy Credit Scoring 130

Fundera

NOVEMBER 8, 2016

1 in 3 business owners experience this, in fact!). 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. (To Payroll Services for Small Business: What Should You Look For? Tax Guarantee.

Small Businesses 70

Small Businesses Deductions Transactions 70

Fundera

MAY 3, 2016

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 72

Small Businesses Deductions Accounting Firms Transactions 72

Fundera

JANUARY 3, 2017

As a small business owner just getting your venture off the ground, you wear many hats. You’re not only the founder of your company, but you’re its number one sales rep, the chief marketer, the go-to office manager, and oftentimes its business accountant. QuickBooks Desktop.

Small Businesses 66

Small Businesses Dashboards Transactions Credit Card Payments 66

Fundera

JULY 15, 2016

As a small business owner, there are some red flags that could cause the IRS to audit you. During an audit, the IRS reviews your business’s financial records. Do any of the points listed below apply to your business? Too many business expenses. You can deduct purchases you make for your company on your tax return.

Deductions 75

Deductions Transactions Small Businesses 75

Lendio

MAY 23, 2023

Throughout this guide, we will break down complex accounting concepts and give you step-by-step instructions for entering common transactions. At its most basic, bookkeeping consists of the recording all financial transactions—such as sales, purchases, payments, and receipts—in a structured manner. What Is Bookkeeping?

Small Businesses 52

Small Businesses Chapter 11 Chapter 7 Credit and Collections 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 61

Small Businesses Transactions Deductions 61

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

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

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

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

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 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

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

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