Sat.Apr 04, 2020 - Fri.Apr 10, 2020

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I Can’t Connect to E-Tran – What Now?

Abrigo

Key Takeaways Friday's rollout of the PPP program was met with confusion, frustration, and glitches. E-Tran has been the subject of many frustrations. New lenders must follow a two-stage process to set up access to E-Tran. Current lenders may not be able to log in to E-Tran because they forgot their E-Tran credentials or their login expired. There are several steps these users can take to troubleshoot.

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SBA PPP Loans for Independent Contractors and Self-Employed Individuals

Fundera

The Paycheck Protection Program (PPP)—a federal government loan program aimed at helping small businesses impacted by the coronavirus pandemic—became available to independent contractors and self-employed individuals on April 10, 2020. . If you’re self-employed and looking for help understanding what the Paycheck Protection Program loan is, whether it applies to you, how independent contractors and self-employed workers can apply for a PPP loan, and what your next steps are, you’ve come to the r

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[On-demand webinar] The road to success: introducing our new payment intelligence product

GoCardless

Watch our free webinar and discover how recurring payment intelligence can help reduce your payment failures.

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Why do banks scrutinize Cash Out in a Sources & Uses?

StackSource

Banks will act differently based on where they are putting loan proceeds. If some goes into your pocket, it changes their thinking. Here's why.

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Is it Too Late to Automate? How to Get Started with PPP Lending

Abrigo

Key Takeaways There will likely be a second wave of additional funds for small business aid. CFIs can still take advantage of the program and begin automating PPP loans in 48 hours. Automation is key to streamlining PPP loans and getting capital into the hands of small business owners quickly. Leveraging a third-party means having a partner to navigate a very fluid situation.

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Payroll Tax Changes for Small Businesses Impacted by Coronavirus

Fundera

As small businesses across the country fight to remain in operation and generating revenue despite the coronavirus pandemic, making payroll has emerged as one of the biggest ongoing dilemmas for business owners. . Businesses are now compromised in terms of their ability to pay their employees, due to a combination of health concerns, shelter-in-place restrictions, limited foot traffic, and reduced spending by customers.

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How to Calculate Average Monthly Payroll for PPP Loans

Fundera

The average monthly payroll calculation is the most important part of the PPP loan application because it not only determines the size of the loan you can apply for, but it’s also the easiest area to make a mistake. We know this because Fundera has reviewed thousands of PPP applications in the past few days while discussing the final rule published by the SBA and the application itself with our bank partners.

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What Is a Business Contingency Plan and How to Create One

Fundera

Business Contingency Plan. A business contingency plan identifies potential risks to your business and outlines the steps or course of action your management team and employees would need to take to combat them. Risks can include a global pandemic, natural disaster, loss of a key employee, supply chain breakdown, a new competitor, and more. You can think of a business contingency plan as a Plan B or disaster recovery plan.

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Square vs. QuickBooks Payroll Comparison 2020

Fundera

You’ve likely heard of both Square and Intuit QuickBooks before in the payment processing and accounting spaces, respectively, but what you may not have realized is that both companies provide payroll software for small businesses as well. . If you’re looking to streamline your payroll processes , finding the right software is key. However, with so many options on the market, it can be difficult to find the best one for your business.

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10 Top Alternatives to BigCommerce

Fundera

10 Best Alternatives to BigCommerce for Small Businesses. Shopify. 3dcart. Volusion. Square Online Store. AmeriCommerce. Selz. PrestaShop. WooCommerce. Squarespace. Wix. Choosing the right ecommerce platform is essential to the success of your online store. After all, you’ll not only use your ecommerce platform to build and launch your store, but also to facilitate the whole of your operations—including everything from marketing to inventory management to shipping.

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10 Best Stripe Competitors for Small Businesses

Fundera

10 Top Stripe Competitors. Square. PayPal. Adyen. 2Checkout. WePay. Authorize.Net. Braintree. Payline Data. PayJunction. Fattmerchant. If you’re exploring different payment processing solutions, particularly for accepting payments online, it’s likely you’ve come across Stripe. This developer-friendly, online payments platform has quickly grown to become one of the most popular and well-known solutions in the merchant services industry, especially among ecommerce and other online-based businesse

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What Is Supply Chain Management? 

Fundera

Businesses make money by selling their products or services to customers who want or need those products or services. Simple, right? After all, that basic concept has underlain commerce for thousands of years. While this is true, it is something of an oversimplification, writing off certain critical questions. Namely: How does the business acquire the products that it eventually sells, and how does the business get those products into the hands of its customers?

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Boost Your Online Sales With These 20 UX Tips

Fundera

Selling your products online can be tricky. The overall conversion rate for ecommerce sales in the U.S. currently sits at about 3%. That means that the vast majority of visitors to your site—about 97% or so—leave without making a purchase. . Meanwhile, 76% of online shoppers ultimately abandon their shopping carts. Some of this is out of your control.

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The Complete Guide to Independent Contractor Taxes

Fundera

Paying business taxes as an independent contractor can be tricky—you have to file additional forms, make sure you’re paying the government enough during the year, and pay a self-employment tax. . And with contract work making up 20% of the jobs in the U.S., more and more people are having to learn just what’s involved in filing. This complete guide walks you through what independent contractor taxes you’re responsible for, as well as how you pay, deadlines and more. .

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What is the accounts receivable days formula?

GoCardless

Accounts receivable days can help you determine the efficiency of your AR team.

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A guide to setting up payroll and PAYE

GoCardless

Want to know more about how to do payroll in the UK? Read on.

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Guide to ACH return codes

GoCardless

What happens if an ACH payment is returned? Find out right here.

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What is a profit and loss account?

GoCardless

Read on to find out more about the importance of profit and loss statements.

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What are incremental cash flows?

GoCardless

Learn how to calculate incremental cash flow with our comprehensive guide.

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Accounts payable vs. accounts receivable

GoCardless

What is the difference between accounts receivable and accounts payable?

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OnDeck vs. BlueVine: Which Is Best for Your Business?

Fundera

If you’re in the market for business financing , it makes sense to consider online lenders along with (or even instead of) traditional bank financing. Typically, online platforms have much less stringent eligibility requirements than banks do, so they can offer financing to businesses that have been at a historical disadvantage in the lending space. .

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Is accounts receivable considered an asset?

GoCardless

Why is accounts receivable an asset? Find out with our definitive guide.

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A small business guide to debt reduction strategies

GoCardless

Our comprehensive guide to debt reduction strategies for small business.

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How does depreciation affect cash flow?

GoCardless

Want to know more about depreciation in cash flow statements? Read on.

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How to manage a credit balance in accounts receivable

GoCardless

Our comprehensive guide to managing a credit balance in accounts receivable.

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SBA Paycheck Protection Program: BSA Requirements Still Apply

Abrigo

Key Takeaways BSA requirements still apply to Paycheck Protection Program loans. Provide a BSA refresher course to your lending staff. While these loans are 100% guaranteed by the SBA, fraud is still a concern. On March 27, President Donald Trump signed the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) to provide emergency assistance for those affected by the coronavirus pandemic.