Fundera

SEPTEMBER 24, 2020

Burn rate is one of the most important metrics you can know for your business. Unfortunately, many small business owners don’t understand what burn rate is or how to calculate it. Burn rate isn’t a metric your accounting software will calculate for you directly, but by using your financial statements, you can calculate it easily. In this article, we’ll take a closer look at burn rate, discuss why it’s essential, and show you exactly how to calculate this vital metric.

Small Businesses 100

Small Businesses 100

Abrigo

SEPTEMBER 23, 2020

Key Takeaways Managing a large volume of loan workouts is the next challenge facing many financial institutions. Managing loan workouts requires tackling numerous process-related decisions concerning selecting, analyzing, and tracking loans. It's also wise to review the process for segmenting loans for allowance estimations, since even loans that aren't labeled as TDRs might not retain their current credit risk profiles.

Credit Risk 78

Credit Risk Credit Unions CECL 78

GoCardless

SEPTEMBER 23, 2020

Named Leaders and High Performers in G2 Grid Fall 2020 reports

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Fundera

SEPTEMBER 23, 2020

The world of selling goods online goes far beyond Amazon, eBay, Shopify, Etsy, and other brand names that might come to mind. Both Alibaba and AliExpress, once considered online shopping behemoths specific to the Asian market, have become global forces for ecommerce that rival Western-born competitors across most industries. Many people may not know the difference between Alibaba vs.

Transactions 98

Transactions Small Businesses 98

Fundera

SEPTEMBER 21, 2020

Best Budget Software for Small Businesses. QuickBooks Online : Best for overall functionality. Xero : Best for advanced features. FreshBooks : Best for basic budgeting. PlanGuru : Best for forecasting. Float : Best for cash flow management. Budget Maestro : Best for collaboration. Adaptive Planning : Best for bigger businesses. Online business budget software is a must-have for many businesses, freelancers, and accounting professionals looking to automate their business financial tasks.

Dashboards 98

Dashboards Small Businesses 98

Fundera

SEPTEMBER 20, 2020

7 Grants for Small Businesses in Illinois. Neighborhood Opportunity Fund. South Side Pitch. Metro East Startup Challenge. City of Urbana Business Grants. Feed the Seed Business Grants. Amber Grant for Women. Illinois GrantWatch. Finding working capital to help start or run a business in Illinois can be complicated, especially when you’re looking into small business grants.

Small Businesses 98

Small Businesses 98

Fundera

SEPTEMBER 22, 2020

6 Grants for Small Businesses in Michigan. Match on Main. Moving Flint Forward Small Business Grant Program. Hatch Detroit. Emerge Fund. Michigan GrantWatch. Amber Grant for Women. Known for its natural beauty and proximity to the Great Lakes, Michigan is a beautiful state, and home to over 800,000 small businesses. [1] But owning or starting your own small business means finding ways to sustain your cash flow and business operations.

Small Businesses 98

Small Businesses Nonprofit Organizations 98

Abrigo

SEPTEMBER 21, 2020

Key Takeaways Financial institution executives wondering about changes in their market value premiums might need to look at the assumption used for modeling deposit servicing costs. Some ALM models rely on cost of servicing assumptions that haven't been updated in years. Ideally, have your own cost of servicing data, but if not, here's a basic formula that might generate more meaningful discussion with your board and ALCO.

Default 78

Default Transactions 78

Fundera

SEPTEMBER 24, 2020

Free and fast shipping are not only customer preferences—for many, they’ve turned into expectations. But, it’s difficult for many small businesses to accommodate these expectations within their operations without decimating their bottom line or putting themselves out of business entirely. There are ways, however, to reduce shipping costs, no matter the type of products you’re shipping or the volume of shipping that your business does.

Small Businesses 63

Small Businesses Insurance Companies 63

GoCardless

SEPTEMBER 23, 2020

Learn how to make a P&L statement with our profit and loss template for the UK.

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GoCardless

SEPTEMBER 23, 2020

Fraud can lead to monetary losses, unsettled employees, and reputational damage

Small Businesses 40

Small Businesses 40

GoCardless

SEPTEMBER 23, 2020

Product bundling is a strategy for grouping goods and selling them together.

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GoCardless

SEPTEMBER 21, 2020

RTGS is a funds transfer system enabling instant money/securities transfers.

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GoCardless

SEPTEMBER 23, 2020

Get to grips with payment facilitators vs. payment processors, right here.

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GoCardless

SEPTEMBER 21, 2020

Learn more about the difference between debtors and creditors, right here.

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GoCardless

SEPTEMBER 21, 2020

Liquidity ratio formulas indicate whether you can pay off your debts.

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GoCardless

SEPTEMBER 23, 2020

Explore the pros and cons of fair value accounting with GoCardless.

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GoCardless

SEPTEMBER 21, 2020

Get the inside track on the current ratio formula, right here.

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