Fundera
OCTOBER 17, 2019
Some projects perfectly lend themselves to the DIY route: You can change your own car oil, paint your home, maybe even patch up your own roof. But managing your small business finances ? Unless you have a background in the subject, this is definitely something you should consider leaving in the hands of an expert. For a small business owner, your finances are like gas in the car.
Abrigo
OCTOBER 17, 2019
On Spreadsheet Day 2019, Celebrate the App, But Acknowledge Its Limitations. Sub-category | 10 minute read Key Takeaways Spreadsheet Day is a good time to celebrate this popular tool while examining some vulnerabilities spreadsheets pose for FIs. Spreadsheets often contain errors and can be inefficient. Spreadsheets have limitations, such as being prone to errors and inefficient.
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GoCardless
OCTOBER 18, 2019
Your monthly resource for tracking the complexities and challenges of the international recurring payments space.
Midwest Corporate Credit
OCTOBER 15, 2019
How many bags of maple bacon flavored organic K-9 Krunchies can you buy with $25,000? I ask because that’s how much one of our clients increased her MONTHLY profit by! $25,000 every month. Source.
Fundera
OCTOBER 15, 2019
How to Find and Pick a Business Attorney in 5 Steps. Determine why you need a business attorney. Source business attorneys through your network or legal directories. Compare business attorneys by asking the right questions. Work out a fee arrangement that fits your budget. Know when it’s okay to skip the small business lawyer. If you run a small business, one of your biggest fears is probably getting sued.
Abrigo
OCTOBER 15, 2019
SAMS | 4 minute read Key Takeaways Staff your BSA department for success with more senior employees on alert triage. Document all decisions and clearly state why the activity is (or is not) deemed suspicious. Optimize your transaction monitoring system regularly. It has happened to all financial crimes investigators, the desire to keep digging until they get that last valuable piece of information before dispositioning an alert.
Credit Management Source brings together the best content for credit management professionals from the widest variety of industry thought leaders.
Fundera
OCTOBER 12, 2019
Basic Accounting Principles. Economic entity assumption : A business is an entity unto itself and should be treated as such. Monetary unit assumption : All financial transactions should be recorded in the same currency. Specific time period assumption : Financial reports should show results over a distinct period of time. Cost principle : The cost of an item doesn’t change in financial reporting.
Fundera
OCTOBER 14, 2019
Managing isn’t easy. Accepting a managerial role is like that feeling you get when all the nerves in your body crowd in your belly — similar to trying bungee jumping for the first time and hoping the rope has your back. Management controls the most valuable asset of a company: employees. That’s why it’s essential that small business owners strive to be good managers.
Fundera
OCTOBER 17, 2019
FreshBooks vs. QuickBooks, Summarized. FreshBooks: With three plan options and a focus on time tracking and invoicing, FreshBooks is an accounting solution best suited for self-employed professionals like independent contractors and freelancers. QuickBooks Online: One of the most popular small business accounting platforms, QuickBooks Online is well-suited for a variety of business owners, especially those who need more advanced accounting tools for reconciliation, taxes, reporting, and inventor
Fundera
OCTOBER 14, 2019
The Best Employee Loan Policy. The best employee loan policy and checklist to follow is to find out your employee’s needs for borrowing, formalize your agreement to protect your business, have your employee sign a promissory note, keep pristine records of the agreement, and charge an interest rate of at least the Applicable Federal Rate if the loan is more than $10,000.
Fundera
OCTOBER 14, 2019
How Are Sole Proprietorships Taxed? Sole proprietorships are subject to pass-through taxation, meaning the business owner reports income or loss from their business on their personal tax return, but the business itself is not taxed separately. A sole proprietor will submit a Schedule C with their personal 1040 tax return on an annual basis. They will also be responsible for filing Schedule SE with these returns and paying self-employment taxes on a quarterly basis.
Fundera
OCTOBER 15, 2019
Company Overview Example: What to Include. Basic Company Information. Ownership and Management Team. Company History. Mission Statement. Product/Service and Customer. Future Goals. As a small business owner, when you start a company , you ideally want it to grow. If you’re seeking business funding to scale your business or an initial investment to get your business off the ground, you’re going to need a business plan.
GoCardless
OCTOBER 18, 2019
Credit notes can be useful tools in your invoicing workflow, but what do they do, what information is needed to create one, and when should you send them?
GoCardless
OCTOBER 17, 2019
See you at one of seven events across New Zealand.
GoCardless
OCTOBER 14, 2019
Find out about internships in the GoCardless Product Development team.
Fundera
OCTOBER 18, 2019
A lot of preparation goes into starting a business before you can open your doors to the public or launch your online store. One of your first steps should be to write a business plan. A business plan will serve as your roadmap when building your business. Within your business plan, there’s an important section you should pay careful attention to: your market analysis.
Fundera
OCTOBER 16, 2019
Shopify vs. Volusion vs. Magento: A Summary. Shopify: One of the best all-inclusive ecommerce platforms known for its robust features, variety of integration options, and overall ease of use. Volusion: A simple all-in-one ecommerce solution with notable features, plan options to choose from, and low payment processing rates. Magento: An open source platform known for its unparalleled customization capabilities, best suited for larger businesses that can easily access development resources.
Fundera
OCTOBER 16, 2019
How to Start a Tutoring Business in 8 Steps. Identify Your Client. Build Your Subject Matter Knowledge. Choose a Business Structure and Name. Separate Your Business and Personal Finances. Create a Business Budget. Determine Your Pricing. Market Yourself. Prepare Yourself for Tutoring Challenges. Tutoring can be a lucrative side business that you can grow into full-time income.
Fundera
OCTOBER 13, 2019
When you’re starting a business , one of the first things you need to do is write a business plan. Your business plan is like a roadmap for your business so you can clearly lay out your goals and a concrete plan for how you’ll reach them. Not only is a business plan essential for any business owner, but it’s also a requirement if you decide to apply for small business funding or find investors.
Fundera
OCTOBER 12, 2019
9 Steps to Starting a Food Business. Assess your skills. Create a business plan, which involves creating a budget, studying competitors, and finding a hole in the market. Set up your business by choosing a business entity, getting license and insurance, and separating your business finances. Look for funding options. Invest in products and tools. Hire staff.
Fundera
OCTOBER 18, 2019
What Is a Micro Business? Definitions vary, but typically a micro business is a type of small business that employs fewer than 10 people. Size and scale are the main differences between a micro business and small business—micro businesses often function as sole proprietorships and earn less than $250,000 annually. Financing and marketing can be more of an issue for micro businesses vs. small businesses, but they operate with less capital and enjoy a closer relationship with customers than small
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