Abrigo
FEBRUARY 27, 2020
Key Takeaways Financial institutions who want to maintain a healthy share of business lending this year and through potentially tougher economic times ahead want to be in the best position possible before trouble hits. Abrigo's Business Lending Readiness Survey found many processes stymie those efforts. At most banks and credit unions, for example, staff re-enter the same data point between 1 and 5 times.
Fundera
FEBRUARY 26, 2020
Long considered a stop-gap form of employment, freelancing has emerged—thanks to improvements in technology, changes in cultural norms, and an economy shaped by post-recession forces—as a viable, full-time career path for millions of Americans. . According to the most recent “Freelancing in America” report produced by the Freelancers’ Union , the share of full-time freelancers increased from 17% in 2014 to 28% in 2019.
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Eastern Credit Management Services
FEBRUARY 28, 2020
When a client contacts us for the first time regarding an overdue account there is one question that the majority of them have, “How does this work?” It is a question that seems so simple, but for someone who’s never placed an account for collection, it is none the less important! Making the choice to send your customer to collections is a big decision, this blog is going to answer this question for you and hopefully help you decide!
Wellen Business Credit
FEBRUARY 26, 2020
Owning and operating a small business comes with a lot of responsibilities, and for many owners, nailing down the details can be difficult. One of the most important things to get right is your asset management system, which will help you keep track of your inventory and make sure it’s safe. After all, you’ll have a hard time keeping up with your customer’s needs if you can’t find a good way to account for your inventory.
Abrigo
FEBRUARY 28, 2020
Large SEC filers have officially adopted the current expected credit loss standard, or CECL, for recognizing credit losses, and other financial institutions are eager to learn from their implementation efforts. While credit unions have until 2023 until they must comply with CECL, there is likely less time than expected. Experts and 2020 adopters have repeatedly stressed the importance of preparing early.
Fundera
FEBRUARY 22, 2020
There are a lot of benefits to starting a home-based business. You don’t have to commute, you can work in your comfy clothes, and you’re in control of your schedule—to name just a few. What if you could combine all the benefits of a home-based business with those of a franchise ? Well, you can. . There are a number of franchises that you can operate out of your home.
Credit Management Source brings together the best content for credit management professionals from the widest variety of industry thought leaders.
GoCardless
FEBRUARY 22, 2020
Learn how to calculate your business’s accounts receivable turnover ratio.
Abrigo
FEBRUARY 27, 2020
Key Takeaways FinCEN hires Digital Innovation Officer to prove commitment to innovation in BSA/AML. Abrigo embraces innovation with the introduction of artificial intelligence scenarios. Our Transparent AI is easy to explain to regulators. . The Financial Crimes Enforcement Network (FinCEN), along with the Federal Banking Agencies, released a joint statement in December 2018 emphasizing financial institutions’ need to embrace technology to strengthen their BSA/AML programs.
Fundera
FEBRUARY 28, 2020
Accounts Receivable Aging. Aging your accounts receivable means measuring the amount of time between when unpaid invoices were issued and the current date. This information is summarized on the accounts receivable aging report, which is typically broken down in 30-day increments, with totals along the right-hand side and the bottom that show you how much money is due to you from each customer and how much is due in each 30-day period, respectively.
Eastern Credit Management Services
FEBRUARY 28, 2020
The last few years have seen the rise of companies promoting easy consumer access to your credit score. It’s only recently that the average consumer can have quick access to their personal credit data, something once limited to financial institutions. Even with this knowledge, most consumers are unaware of how those scores are calculated and how negative the impact of an account for collection on their credit file can be.
GoCardless
FEBRUARY 24, 2020
Automated invoice processing can make your company more efficient. Learn more.
Abrigo
FEBRUARY 24, 2020
Key Takeaways. The number of institutions banking cannabis grew significantly in 2019. Despite Federal ambiguity, Illinois State Regulators defined their stances on cannabis banking. While there is still uncertainty about what banking legislation will pass, FIs are slowly but surely gaining more guidance on how to bank cannabis. Compliance and anti-money laundering (AML) is going green… or is it?
Fundera
FEBRUARY 24, 2020
As a freelancer, you have a lot on your shoulders. After all, you have to be every role in your company as well keep an eye on your finances. One component of that is figuring out the best business loans for freelancers if you find that you need a little (or even a lot of) extra capital to get your work done. Luckily, there are lots of options for business loans for freelancers, no matter your financial standing or the kind of freelance work that you do.
Fundera
FEBRUARY 28, 2020
Dental Marketing Ideas. Curate online business profiles. Use SMS marketing programs. Pursue digital advertising. Consider direct mail campaigns. Offer promotional discount codes. Build a robust website. Explore search engine optimization. Use online scheduling software. Master the art of good reviews. Set up referral reward programs. Provide digital customer service.
Fundera
FEBRUARY 27, 2020
SumUp vs. Square, Summarized. Benefits of SumUp: Low-cost card reader that can accept chip, contactless, and swipe payments. Slightly better transaction fees than Square. Extremely simple and easy to use. Available in 31 countries around the world. Benefits of Square: More detailed and expansive features included in POS software. More options for hardware, accessories, and integrations.
Fundera
FEBRUARY 27, 2020
Units of Production Depreciation Formula. The units of production depreciation formula is: Depreciation Expense = Unit Production Rate x Units Produced. To find the unit production rate, you must know the original value of the asset, its expected salvage value, and how many units the asset is expected to produce over its lifetime. This formula is: Unit Production Rate = (Original Value – Salvage Value) / Estimated Unit Production.
Fundera
FEBRUARY 25, 2020
10 Best QuickBooks POS Integrations. Square POS. Clover POS. QuickBooks POS. Toast POS. Lightspeed Restaurant. TouchBistro. ShopKeep. Vend. Square for Retail. Shopify POS. In the world of small business accounting software, QuickBooks is in a league of its own. In fact, according to data by InfoClutch , QuickBooks’ market share is around 80%. With QuickBooks being so widespread, many business owners end up choosing other small business tools based on whether or not they integrate with QuickBook
Fundera
FEBRUARY 24, 2020
7 Best FreshBooks Alternatives. QuickBooks Online. Zoho Books. Xero. Sage. Wave. CloudBooks. ZipBooks. If you’re a small business owner, then your business accounting is one of the most important things you manage to keep your business running smoothly. That also means that having the right accounting software can go a long way in helping you achieve your goals.
Fundera
FEBRUARY 23, 2020
Top Business Ideas for Nurses. Legal Nurse Consultant. Nurse Health Coach. Specialized Care Provider. Wellness Coach. Nurse Blogger. Hospice Caregiver. Childbirth Education or Doula. Fitness Nurse. Medical Product Sales. Telehealth Consulting. For those with an entrepreneurial mindset, there’s an endless list of potential business opportunities and ways to build a side hustle.
Fundera
FEBRUARY 26, 2020
When Claire Chan was trying to come up with a name for her restaurant, she thought of the vibe she wanted to bring to the new business she was starting. Once she had that figured out, the name came to her. . “I wanted the space to feel like a ‘home away from home,’ and thus naming it after someone that has such personal significance in my life was an important way for me to honor that idea and remind me of my home,” Chan told Fundera.
Fundera
FEBRUARY 26, 2020
As a small business owner, you know that few things are more important to the health of your business finances than getting paid on time. And keeping track of your invoices is key to your business accounting operations—and, subsequently, your cash flow. That being said, there’s no reason you have to manage this alone. Using invoicing software to keep things in order could be just the solution you’ve been looking for. .
GoCardless
FEBRUARY 27, 2020
Learn all about this umbrella term for various bank-to-bank payments schemes.
GoCardless
FEBRUARY 24, 2020
What are the different types of start-up business investment? Find out here.
GoCardless
FEBRUARY 24, 2020
Want to learn how to calculate annual churn rate? Find out here.
GoCardless
FEBRUARY 24, 2020
How long do international payments take? Get a clearer picture.
GoCardless
FEBRUARY 24, 2020
Our full guide to net 30 payment terms for businesses.
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