Fundera
JULY 28, 2020
How to Price a Product in 6 Steps. Evaluate your costs. Determine your desired profit. Understand your customers. Research your competition. Choose a pricing strategy. Monitor your prices and adjust as necessary. Every entrepreneur faces the complex question of how to price their product or service, and it’s a decision that can make or break your business.
Abrigo
JULY 30, 2020
Key Takeaways Stress tests and capital planning are vital to financial institutions in volatile times like these, when the coronavirus and pressures on the energy sector result in a financial crisis. Regulators will have elevated interest in credit risk and the resulting impact in the months ahead. Consider utilizing the same advisor for any stress testing or credit-focused capital planning as for estimating the allowance for loan and lease losses.
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Business Credit
JULY 31, 2020
How to Build Business Credit In today’s post we’re going to talk about a key fundamental step for building business credit for your company. While acquiring credit from vendors, suppliers and other businesses that report to the business credit agencies is a widely known practice for establishing business credit; why not also have your business […].
GoCardless
JULY 31, 2020
Do you still find pricing or invoicing a hassle in your business? With fintech, they don't have to be. We spoke with the Small Business Commissioner, GoProposal, and Xero to show you how.
Fundera
JULY 28, 2020
10 Common Accounting Errors. Improper Recordkeeping. Inadequate Checks and Balances. Changing a Closed Period. Skipping Bank Reconciliations. Not Reconciling Loan Accounts. Overstating Revenue. Undeposited Funds on the Books. Balance Sheet Items on the Profit and Loss Statement. Over-Relying on Automation. Not Using Your Accounting Software Properly.
Abrigo
JULY 30, 2020
This morning, the Bureau of Economic Analysis released its first estimate of second-quarter gross domestic product (GDP) growth. From April to June, GDP plunged 32.9% – faring just slightly above the 34% estimated. This number is well within the range of estimates which had varied widely, due to deep economic uncertainty. Recall that GDP fell 5.0% in the first quarter.
Credit Management Source brings together the best content for credit management professionals from the widest variety of industry thought leaders.
GoCardless
JULY 31, 2020
Do you still find payments, reconciliation, or forecasting a hassle in your business? With fintech, they don't have to be. We spoke with the Small Business Commissioner and Intuit to show you how.
Fundera
JULY 31, 2020
Top 14 Restaurant Marketing Ideas. Set up Google Ads. Build a stunning website. Promote your dishes on Instagram. Take advantage of direct mail. Participate in festivals. Give away samples. Seek out partnerships. Set up loyalty programs. Create business profiles. Display your awards. Participate in delivery services. Offer coupons and discounts. Engage with your reviewers.
GoCardless
JULY 31, 2020
Do you still find financing or banking a hassle in your business? With fintech, they don't have to be. We spoke with the Small Business Commissioner, Capital on Tap, and Tide to show you how.
Fundera
JULY 30, 2020
If your business sells products or services, then keeping track of sales tax is likely an important part of your business accounting operations. Most states in the U.S. charge a sales tax on products. Some assess sales taxes on services as well. Even if you don’t live in a state that charges sales taxes, if you do business with customers in other states you might be on the hook for collecting and remitting sales taxes and sales tax reports.
Fundera
JULY 26, 2020
Best Free CRM Software for Small Business. Freshsales. Agile CRM. HubSpot. Flowlu. Really Simple Systems. Apptivo. Bitrix24. Insightly. It’s tough to manage all of your customer relationships manually, especially if you’re a growing business. But customer relationship management (CRM) software can be expensive, especially if it’s priced per-user. That’s where the best free CRM software comes in: You can get many of the benefits of CRM software without the high price tag.
Fundera
JULY 25, 2020
As a small business owner, it’s natural for you to want to take care of your employees. After all, your employees are like family—and, in some cases, are family. Which means looking out for their retirement is more than simply checking a human resources box. . Obligations aside, you probably also realize that offering generous benefits to your employees is an excellent way to help them feel valued and to prevent them from looking for work elsewhere.
GoCardless
JULY 29, 2020
A chart of accounts is a complete listing of your company’s financial accounts.
Fundera
JULY 29, 2020
Best Free Ecommerce Platforms. Big Cartel. WooCommerce. Square Online Store. Weebly. Shopify. BigCommerce. Squarespace. Whether you’re launching an online-only business or you’re expanding your brick-and-mortar business into digital territory, you need an ecommerce platform to do it. Better yet, take advantage of one of the best free ecommerce platforms.
GoCardless
JULY 28, 2020
Enterprise value is the measurement of a company’s total value.
GoCardless
JULY 27, 2020
Customer attrition refers to the loss of customers by a business.
GoCardless
JULY 27, 2020
Total contract value refers to the total value of a contract, including fees.
GoCardless
JULY 27, 2020
Deferred revenue refers to payments for goods that haven’t been delivered yet.
GoCardless
JULY 27, 2020
Everything you need to know about invoice financing vs. factoring.
GoCardless
JULY 27, 2020
Understanding the Nacha operating rules is important for managing ACH payments.
GoCardless
JULY 27, 2020
The days sales outstanding formula can help improve payment collection times.
Fundera
JULY 27, 2020
Contracts continue to be the lifeblood of business arrangements. But what happens when a contract alone isn’t enough to guarantee that everything agreed to will be done the right way? Thankfully, there are several legal measures that contract signatories can rely on to help make sure that everything will go according to plan. One of the most common kinds is a performance bond.
Fundera
JULY 26, 2020
Best Small Business Phone Systems. RingCentral : Best overall small business phone system. 8×8 : Most secure small business phone system. Phone.com : Best budget small business phone system. Grasshopper : Best small business phone system for home-based businesses. Google Voice : Best small business phone system for side hustlers. It often seems like you can’t go anywhere without your phone nowadays.
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