Fundera

NOVEMBER 10, 2020

In all of the business planning you’ve done, you might not have thought about how to hand over your stake in the business when you retire or move on. Or, in a worst-case scenario, what happens to the finances when selling your business in the event that you’re incapacitated or die. Hard stuff to think about, but it’s better to have a plan for selling your business in these cases—known as a buy-sell agreement—than be left unprepared.

Bankruptcy 116

Bankruptcy 116

Abrigo

NOVEMBER 12, 2020

Key Takeaways FinCEN reissued their Geographic Targeting Orders (GTO) that were originally issued in May 2020. The purchase price of residential real estate under this GTO remains at $300,000. Real estate lending BSA training should include GTO guidance. On November 4 , 2020 , t he Financial Crimes Enforcement Network (FinCEN) reissued their Geographic Targeting Orders (GTOs) to include the same 12 metropolitan areas issued in May 2020.

Insurance Companies 78

Insurance Companies Transactions 78

GoCardless

NOVEMBER 12, 2020

How much does it cost to collect $5,000 from a US customer? We compare options.

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Priority Credit Management Corporation

NOVEMBER 12, 2020

When you jump on a collection call, you will be met with two types of people: 1. Those who intend to pay and return the communication to you, and, 2. those who don't intend to pay and will ghost you after the first call. How can you tell right away which one you're talking to? One of our Credit Advisors says: "I can gauge if I will be ghosted or if they intend to pay by asking one question when I get them on the phone": Have you talked to my client?

Credit and Collections 52

Credit and Collections Credit Management 52

Fundera

NOVEMBER 11, 2020

It’s been an incredibly difficult year to be a small business owner in America. The coronavirus pandemic has put business owners in the impossible position of balancing the health and safety of themselves, their employees, and their customers with their financial obligations and livelihoods. . On top of all that, federal government support has virtually dried up now that the Paycheck Protection Program (PPP) is, as of this writing, closed.

Small Businesses 98

Small Businesses 98

Abrigo

NOVEMBER 9, 2020

Key Takeaways Effective loan administration will protect margins and balance sheets at banks and credit unions as they handle the effects of the pandemic-induced economic crisis. Sound loan administration software or systems will generate accurate, timely information in a secure environment. Your loan administration should help detect emerging problems and improve auditability.

Credit Unions 78

Credit Unions Credit Risk CECL 78

blue dot counseling

NOVEMBER 11, 2020

2020 has tested all of us in business and as we navigate a second lockdown with Brexit round the corner this is no time for any business to be held back by poor financial management. The post Help us help a friend and receive a magnum of champagne on us! appeared first on Blue Dot Consulting.

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Fundera

NOVEMBER 9, 2020

Trying to streamline a small business can be tough. From balancing employee schedules to fielding the costs of a brick-and-mortar store, keeping a company running efficiently is no simple task. Luckily, a rapidly growing trend called hot desking is taking over as the latest and greatest way to organize offices. Keep reading to learn more about hot desking and how it works.

Small Businesses 98

Small Businesses 98

Abrigo

NOVEMBER 10, 2020

Key Takeaways FinCEN has issued a new advisory in identifying and reporting human trafficking, supplementing its 2014 guidance. In addition to the original 10 red flags in the 2014 guidance, FinCEN identified 10 more indicators FinCEN noted ten behavioral indicators FIs should be aware of. The Financial Crimes Enforcement Network ( FinCEN ) has issued a new advisory on identifying and reporting human trafficking, supplementing its 2014 guidance.

Credit Risk 131

Credit Risk CECL Transactions 131

GoCardless

NOVEMBER 13, 2020

Track your company's efficiency with the gross profit margin formula

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Fundera

NOVEMBER 7, 2020

A bridge loan is a short-term business loan , or a medium-term loan that you can pay off early. It’s meant to tide you over until another source of capital is incoming, whether that’s a financial opportunity or a longer-term loan that’s taking some time to fund. Because of their quick underwriting processes, time to funding, and repayment terms, business bridge loans are ideal for moments when you know you’ll have a source of capital incoming (and you’re sure you can pay off a smaller loan when

Small Businesses 75

Small Businesses Credit Scoring Transactions Default 75

Fundera

NOVEMBER 8, 2020

As an ecommerce business owner, you dedicate your efforts toward facilitating a positive customer experience on your website. But you likely aren’t thinking about the payment process itself, which often entails manually entering credit card and shipping information—a hassle for many shoppers, and an occasional dealbreaker. Luckily, Amazon Pay streamlines that checkout process, which might ultimately boost your bottom line.

Credit and Collections 69

Credit and Collections Transactions Small Businesses 69

GoCardless

NOVEMBER 13, 2020

Use historical data to forecast financial trends with regression analysis

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GoCardless

NOVEMBER 12, 2020

Find out more about econometrics analysis and how it’s used

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GoCardless

NOVEMBER 12, 2020

Discover when the equity method of accounting applies and how it works

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GoCardless

NOVEMBER 11, 2020

Unpresented cheques are cheques that have not yet been paid out by the bank

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GoCardless

NOVEMBER 11, 2020

Find out how ad valorem taxes are calculated and when they apply to you

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GoCardless

NOVEMBER 11, 2020

Navigate the complex world of angel financing for entrepreneurs, right here

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GoCardless

NOVEMBER 11, 2020

Explore the uses of company SIC codes with our definitive guide.

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GoCardless

NOVEMBER 11, 2020

How does crowdfunding work? Find out with GoCardless.

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GoCardless

NOVEMBER 10, 2020

Management accounting is all about using accounting data to boost efficiency

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GoCardless

NOVEMBER 10, 2020

Vertical analysis is a way of analysing your financial statements

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GoCardless

NOVEMBER 9, 2020

Discover our top 5 start-up business tools and what makes them so great

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GoCardless

NOVEMBER 9, 2020

Find out what an accounting period is and how it’s used in business

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GoCardless

NOVEMBER 9, 2020

Keep your business books balanced using the accounting equation

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GoCardless

NOVEMBER 9, 2020

Discover what earnings per share means and how to calculate it

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GoCardless

NOVEMBER 9, 2020

There may be relief available to reduce your corporation tax loss

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GoCardless

NOVEMBER 9, 2020

Explore the effects of downsizing with GoCardless, right here

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GoCardless

NOVEMBER 9, 2020

Comparative advantage is attributed to David Ricardo. Learn more.

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GoCardless

NOVEMBER 9, 2020

Statutory books are required under the provisions of the Companies Act 2006

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