June, 2017

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The 5 Top QuickBooks Apps of 2017

Fundera

There are so many amazing apps that sync with QuickBooks —it’s difficult to choose just five. But after careful deliberation and reflection on my own experience with these apps, I think we’ve come to the right conclusions. Below you’ll find the five must-have apps that will make your life easier when you use them in conjunction with QuickBooks. 1. Billbeez.

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Small U.S. accounting firms and their consultative future

Abrigo

While the Big 4 firms often receive the majority of coverage and attention in the accounting industry, they are far from representative of the average firm in the U.S. In fact, 90% of all accounting firms have 10 or fewer collective partners or owners ( AFOT ). By 2024, sector growth of 11 percent is expected - this forecast should provide confidence for you and especially your clients.

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The A-Z of cloud accounting: free e-Guide

GoCardless

Cloud accounting is the future - and over a third of UK accountants are already there. Discover our A-Z of cloud accounting.

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Join Credit & Management Systems in Grapevine, TX at NACM’s 121st Credit Congress.

Credit & Management Systems, Inc.

Join Credit & Management Systems in Grapevine, TX. at NACM’s 121st Credit Congress. We will be in the Exhibit Hall in Booth 406. Stop by our booth to say hello and to check out the latest in our cloud-based suite of credit tools, CMS Credit Suite! Exhibit Hall hours are: Sunday, June 11th from 4:00 pm to 6:00 pm. Monday, June 12th from 10:45 am to 2:00 pm and 5:00 pm to 6:30 pm (Beer & Browse Reception).

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5 Email Scripts to Properly Ask for Late Payments

Fundera

Invoicing is one of those inevitable things every business encounters. It is the bill you send when the job is done, the document you use to charge for your work. In most countries, invoicing is regulated and required by law, so every company should keep such records for taxation purposes. But invoicing should not be taken lightly. The process is more than just preparing invoices in your preferred invoicing software.

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When Does a Business Tax Lien Become a Tax Crime?

Fundera

If you’re anything like millions of Americans, then you probably shudder at the thought of receiving any type of notice from the Internal Revenue Service. If you’re a business owner facing a federal tax lien, your anxiety might be heightened at the thought of losing your business, being fined, or in the very worst case, being imprisoned. Not to fear, the chances of your tax lien moving into criminal territory is slim to none in most cases.

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Our Killer Small Business Budget Template Will Save You Time (And Money!)

Fundera

Recently I showed you how to create a stellar QuickBooks Online Budget. That process works really well, but today I am going to do one better. I am going to show you how our small business budget template will save you time and money. Access the template here (click File, then Make a Copy): Killer Small Business Budget. There’s a Catch! You’re going to be able to access the template created in this video (above), however, you won’t want to use that one for your own.

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The Economics of Starting a Business in Florida

Fundera

If you’re reading this, chances aren’t bad that you’re in Florida. The Sunshine State is the nation’s fourth biggest by population and is soon to overtake New York as the third. It’s a state with hundreds of miles of beach, no state income tax, glitzy and glamorous cities, as well as unique natural beauty, and relatively low property taxes. With over 19 million residents, there are plenty of entrepreneurially minded Floridians asking the same question: What are the economics of starting my own s

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18 Entrepreneurs Reveal Their Most Successful Small Business Promotions

Fundera

How do you entice customers to come through your small business’s door? Oftentimes, bringing in new sales requires some out-of-the-box thinking. Creative, thoughtful, and attention-grabbing small business promotions are a fantastic way to bring in new business. We asked entrepreneurs just like you to dish on their most successful small business promotions.

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What Is a UCC Filing? (And Why Your Business Needs to Know This)

Fundera

Interested in expanding your business credit profile? Great! There’s so much that goes into that process, but an often overlooked aspect is your business’s history with UCC-1 filings. . You might have seen a reference to a UCC-1 filing on your business’s credit report, but if that previous sentence just launched you into financial confusion—don’t worry!

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The Accountant’s Guide to Performing a Stellar Cash Flow Analysis

Fundera

Your business is doing really well; you’ve worked hard, invested your time, money, sweat, and tears! Finally, an opportunity to land that big sale or create a strategic partnership that will move your business to the next level has arrived and you know that it will change everything. But what if your company isn’t able to seize this opportunity due to poor cash flow?

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Win Your Customers’ Trust and Business with Transparent Pricing

Fundera

We’ve all been there: You buy what you feel is probably an overpriced product from a major brand, and as you leave the store you wonder how much it actually costs to make. Are you buying marketing and advertising as much as the product itself? And how much of what you paid actually goes to the workers who made them, rather than the corporate executives?

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3 Options If You’re Looking for 0% APR Business Credit Cards

Fundera

Business credit cards with 0% interest can be a great option for small business financing. You only borrow what you need, and you have a period of time to pay off your debts interest-free. On some credit cards, you can even earn rewards on your purchases. And 0% APR credit cards are particularly appealing if you have a new business and want to pay for startup expenses like furnishing the office, getting your initial inventory, and other setup costs.

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How Amazon Could Dominate Yet Another Industry: Small Business Lending

Fundera

If you’ve kept up with the latest on Amazon, then you know that they’re all over the news this month. Not only did they recently acquire grocery mega-store Whole Foods for a whopping $13.7 billion, they’ve also made a formidable entrance into the small business financing space. The company announced earlier this month that the Amazon Lending program has doled out more than $1 billion in loans in the last 12 months.

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5 Cash flow management best practices for business owners

Abrigo

By Alison Nailor, Sageworks As a business owner, you understand it’s important to be aware of your company’s cash flow and manage it well. In the rush of day to day business management, however, this can be difficult. According to a recent Crowe Horwath survey of manufacturing companies and distributors, 54 percent do not have a strategy for managing their working capital.

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Infographic: Spotlight on Entrepreneurship in the USA

Fundera

There’s never been a more exciting time to be a small business owner in America. There are more than 28 million small businesses, entrepreneurship is seen as a viable career path, and individuals looking to start up a company have access to a ton of resources. . At Fundera, we see statistics about small businesses and business growth on a daily basis, and we’re always trying to find the most interesting and helpful numbers for our readers.

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Small Business Set-Asides: How Do They Work?

Fundera

Many small business owners are curious about small business set-asides—how do they work and how you can get in on the action? Here’s a closer look. Every year, the federal government buys some $500 billion worth of goods and services from the private sector. Does a small business stand a chance of winning any of those contracts? Yes, thanks to the SBA.

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8 Ways to Easily Bootstrap a Small Business

Fundera

Starting a new business isn’t easy. And while your funds will almost definitely be stretched to the max, there are plenty of ways to cut costs and still drive growth and development for your small business without spending a fortune. Approaching these early challenges with creativity, purpose, and energy will help you build a strong foundation for your company’s future.

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The 10 Best Background Check Sites to Use When Hiring New Employees

Fundera

Hiring new employees can be a big risk for a small business. The resources that go into training and compensation alone can present a huge expense for many fledgling businesses. Pre-employment screening, if done well, can make sure these expenses turn out to be a good investment instead of a money-pit nightmare. For this reason, every business owner should make sure they use reputable, dependable, and accurate services for pre-employment screening.

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Can You Trust Your Accountant? If You See These Signs, the Answer Is No

Fundera

According to the U.S. Bureau of Labor Statistics , 1,332,700 people in the US call themselves accountants, and according to the AICPA (American Institute of Certified Public Accountants) , t here are over 660,000 active CPAs. With so many accountants out there, how do you know that you’re working with one you can trust? According to the AICPA, 168 CPAs received disciplinary actions in 2016 and 78 have already been reprimanded in the 1st quarter of 2017.

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6 Payment Innovations to Be Excited About in 2017

Fundera

Last year brought a number of technological advancements in payments that are building excitement for what’s to come in 2017. Here are some of the payment innovations that are creating buzz among consumers, businesses, and merchants. 1. Changing Use of Countertop Checkout Devices. The idea that there will be changes in any countertop device used in a store for checking out is exciting for retailers who can reduce their hardware investment, while consumers get an improved purchase experience.

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How to run quarterly roundups and use balance business scorecards at your firm

Abrigo

The great Yankee catcher Yogi Berra once said, “If you don’t know where you’re going, you might not get there.” I am confident that your clients have strategic plans, business plans and budgets. I am also confident they are keenly aware of their gross and net profit margins. However, what do their plans or budgets mean if they are not put into the context of their industry’s trends and economic/regulatory factors?

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Do Small Business Startup Loans With No Credit Checks Exist?

Fundera

Credit is a funny thing. Many of us don’t even consider our credit scores until we need to take out a personal or business loan. Only then do we understand the implications of our credit score on buying a home, getting a car, or starting our dream business. Do small business startup loans with no credit checks exist? The short answer is no for traditional financing.

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Credit Report Dispute: How to Do It Quickly and Effectively

Fundera

Are you a part of the 35% of Americans who have never checked their credit report? If you are, you might want to request your yearly free personal credit report. That’s because one in five consumers have an error on their credit report—and you could be paying higher interest rates on your credit products ( credit cards , auto loans, mortgages, business loans , etc.) if you don’t deal with any mistakes on your report.

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How to prevent or close deal-breaking valuation gaps

Abrigo

Whether a company is a Main Street florist or Fortune 100, executives and owners struggle with the gap between their perceived value of the business and the market value. In fact, this valuation gap is the top reason private-company transactions fail to close, according to the 2017 Private Capital Markets Report by Pepperdine University. For more than half of the deals that flopped in 2016 due to a gap in pricing, the difference was at least 20 percent.

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The Best CRMs for Small Business, Ranked by Affordability

Fundera

Keeping up with your customers is a huge part of running a successful business, and that’s why there are a growing number of software solutions for customer relationship management tailored to the needs of small businesses. In fact, there are so many solutions, SoftwareAdvice.com has logged over 500 different services in a wide range of offerings and specialties.

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How to Get Your Small Business in the News

Fundera

We’ve all heard the saying before: No publicity is bad publicity. But as many small business owners know firsthand, getting publicity at all can be pretty challenging. . Since small business owners are often working with limited resources and staff, PR for small businesses is a different beast—and it takes some experimenting to get it right. Here are some of our favorite tips and tricks to help get your small business in the news.

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The Biggest Mistakes Small Businesses Make With Content Marketing

Fundera

The world of content marketing is vast, and growing every day. This growth isn’t just with the total number of websites and portals that exist, but also the content that’s being created, shared, and viewed across the internet. Here are a couple of stats to get you thinking about the industry’s growth: Nearly 70% of B2B marketers have plans to create even more content in 2017 than they did last year.

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Can a Small Business Get a Tax Refund?

Fundera

A common question that tax practitioners often hear from our small business clients is “Why doesn’t my business get a tax refund?” Taxpayers , in general, receive a refund only when they have paid in more tax than was actually due on their return. So, how do you know if your business is due a refund? There are a few factors you need to look at. It Depends on Your Entity Type .

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Fintech Partnerships: A competitive advantage

Abrigo

Many banks and credit unions have found a path to growth via partnerships with fintechs. For some financial institutions, partnering with software providers has helped them maintain a competitive advantage. Technology partners offer much more than just software to banks; a fintech partnership provides delivery channels, convenience, corporate governance , advisory services, and industry data.