Fundera

FEBRUARY 23, 2019

Top 11 Small Business Accounting Tips. Separate business and personal expenses. Track every business expense. Accurately record income. Consider hiring a professional, even if temporarily. Automate accounting practices with accounting software. Dedicate time to update your books. Keep tabs on labor costs. Be prepared for major expenses. Maintain inventory records.

Small Businesses 111

Small Businesses Deductions 111

GoCardless

FEBRUARY 26, 2019

Postgres is our database of choice, and we love it. (Even when things go wrong.

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Fundera

FEBRUARY 23, 2019

Top 11 Small Business Accounting Tips. Separate business and personal expenses. Track every business expense. Accurately record income. Consider hiring a professional, even if temporarily. Automate accounting practices with accounting software. Dedicate time to update your books. Keep tabs on labor costs. Be prepared for major expenses. Maintain inventory records.

Small Businesses 109

Small Businesses Deductions 109

Fundera

FEBRUARY 28, 2019

15 Essential Accounting Tasks for Business Owners. Update your financial data. Deposit cash and checks. Reconcile payments and receipts. Update inventory records. Back up your data. Pay vendors and suppliers. Review employee timesheets. Compare your month-to-date P&L to your budget. Scan documents and receipts. Review bank and credit card statements and reconciliation reports.

Transactions 75

Transactions Small Businesses Credit Scoring Deductions 75

Fundera

FEBRUARY 25, 2019

Accounting Methods for Small Businesses. The two primary accounting methods for small business owners are cash basis and accrual basis. In cash basis accounting, income is recorded when received and expenses are recorded when paid. In accrual basis accounting, income is recorded when earned and expenses are recorded when incurred. Any business is free to use accrual accounting.

Small Businesses 74

Small Businesses Credit and Collections Credit Card Payments Transactions 74

Fundera

FEBRUARY 27, 2019

How to Find a QuickBooks ProAdvisor. To find a QuickBooks ProAdvisor for your small business, make a list of the traits you are looking for in an accountant. Then be prepared to do some internet sleuthing to find someone that matches your desired profile. You can also use the quickbooks.intuit.com/find-an-accountant/ website to find local QuickBooks ProAdvisors.

Small Businesses 74

Small Businesses Accounting Firms Default 74

Fundera

FEBRUARY 26, 2019

Invoice Factoring vs. Invoice Financing. The main difference between invoice factoring vs. invoice financing is who collects on the business’s unpaid invoices. In invoice financing, the customer retains full control of collections. In invoice factoring, the factoring company purchases the unpaid invoices and takes over collections. In both cases, businesses are advanced around 80% of their unpaid invoices upfront, with the remaining financing (minus fees) coming after the customer has paid

Credit and Collections 61

Credit and Collections Deductions Credit Scoring Invoice Amount 61

Fundera

FEBRUARY 24, 2019

It is not uncommon to get benefit corporations and B corporations mixed up. These two business entities share similar names, making it easy to assume that their duties would also be similar. This is not the case when it comes to benefit corporations vs. B corporations. How can you tell benefit corporations vs. B corps apart from each other? Let’s take a look at how each entity differs from each other, and what they have in common besides similar names.

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Fundera

FEBRUARY 26, 2019

Best Credit Repair Services. Best Overall: Key Credit Repair. Best Value: Sky Blue Credit. Best Expertise: Lexington Law. Best Customer Service: Credit Saint Credit Restoration. Best for Long-Term Use: The Credit People. One of the most important factors in a business loan application is your credit score. And of course, credit is equally important for personal milestones, such as buying a home or car.

Credit Scoring 57

Credit Scoring Collector Credit and Collections Bankruptcy 57

Fundera

FEBRUARY 26, 2019

Invoice Factoring vs. Invoice Financing. The main difference between invoice factoring vs. invoice financing is who collects on the business’s unpaid invoices. In invoice financing, the customer retains full control of collections. In invoice factoring, the factoring company purchases the unpaid invoices and takes over collections. In both cases, businesses are advanced around 80% of their unpaid invoices upfront, with the remaining financing (minus fees) coming after the customer has paid

Credit and Collections 52

Credit and Collections Deductions Credit Scoring Invoice Amount 52

Fundera

MARCH 1, 2019

As the online ecommerce competition grows, it is essential the new ecommerce businesses stand out from their competition. They must find ways to demonstrate their value to compete against the Amazons of the world. When online stores can offer new and improved products, a connection with their customers, or a charitable cause, it can greatly influence buyers.

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Fundera

MARCH 1, 2019

Running a restaurant is a complicated, hectic business. Aside from serving delicious food and providing great customer service, there are numerous daily functions required for continued operation: taking orders, processing payments , managing labor, creating menus, sending deliveries, and printing receipts. Enter Toast Point of Sale (POS)—a POS system designed to apply technology to simplify some of the most complex aspects of restaurant management.

Credit and Collections 45

Credit and Collections Credit Card Payments Transactions 45

Fundera

MARCH 1, 2019

If you’re a well-qualified business owner based in the Northeast in search of business financing (as most business owners are), you might be considering a Citizens Bank small business loan. This Providence, Rhode Island-based bank serves both consumers and businesses in Connecticut, Delaware, Maine, Massachusetts, Michigan, New Hampshire, New Jersey, New York, Ohio, Pennsylvania, Rhode Island, and Vermont; and on the business side of things, they offer a fairly comprehensive array of loans and f

Small Businesses 40

Small Businesses Credit Scoring 40

Fundera

FEBRUARY 28, 2019

Whether you’re just starting out or looking to take your business to the next level, it’s vital to get the right support system in place. One major part of that is finding a bank for your business that’s not only accessible, but also the right fit for your everyday and long-term needs. If you’re in Los Angeles, where a trip to the bank could take you anywhere from 15 to 50 minutes depending on the time of day, finding the right bank is crucial.

Small Businesses 40

Small Businesses Transactions 40

Fundera

FEBRUARY 27, 2019

Deciding when and if you should expand your business is tough. How you fund that expansion is just as important. The decisions you make about funding your business’s growth can have ramifications for the speed at which you grow, your customer relationships, and your financial future. Here are five smart options for funding for business expansion based on your needs and business stage. 1.

Credit Unions 40

Credit Unions Small Businesses 40

Fundera

FEBRUARY 27, 2019

Starting a business is complicated and there’s a lot to think about. But if you open a business checking account early on, you’ll save yourself some hassle down the road. For one thing, you won’t have to keep track of which deposits are for your business and which are for your personal spending. For another, having a business checking account can protect your personal assets from liability in the event of a lawsuit against your LLC.

Small Businesses 40

Small Businesses Transactions 40

Fundera

FEBRUARY 26, 2019

Finding the perfect business checking account is an important part of optimizing your finances for success as a business owner. As you would when shopping for a personal checking account, you’ll want to minimize fees and maximize the benefits of your business bank account. If you don’t pay attention to the fine print—or this review—you could find yourself paying pesky maintenance and other fees.

Transactions 40

Transactions Small Businesses 40

Fundera

FEBRUARY 25, 2019

When you have your own business, it’s important to keep your business expenses separate from your personal spending. Doing so can help you stay on top of your finances and manage your business—and personal life—much more efficiently. A business credit card can be the perfect tool to help you do that. It allows you to buy what’s necessary for your venture, build credit, and even earn rewards when you spend your hard-earned money.

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Fundera

FEBRUARY 24, 2019

Opening a business checking account is a crucial step toward building a business. A business bank account allows you to make the necessary distinction between your personal finances and those of your business, and it also makes recordkeeping and financial management much easier. Of course, you’ll be much better served by your business bank account if you take the time to find one that fully meets your needs.

Credit Unions 40

Credit Unions Transactions Small Businesses 40

Fundera

FEBRUARY 23, 2019

As a business owner, time is your most valuable resource. It can often seem like there aren’t enough hours in the day to get everything done, from building and maintaining your online store to managing social media accounts to fulfilling customer orders. Although some aspects of running a successful ecommerce shop can (and should!) be handled directly by you—think product development and strategic growth—others aren’t necessarily worth your precious time.

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Fundera

FEBRUARY 28, 2019

You may not know Jacqui Pitman, but chances are, you’re familiar with her work. The Hollywood casting director and producer has been the creative force behind some of the most popular reality television shows and characters of the past 20 years. Her résumé includes programs like CBS’s “Big Brother,” ABC’s “Extreme Makeover,” MTV’s “Next,” VH1’s “Dating Naked,” and Bravo’s “Who Wants to Be a Supermodel?

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