Building Early Credit in Small Businesses

Small and medium business often find themselves looking for healthy financing activities in growing areas of their market, but just as often find themselves with little established business credit. Building credit while conserving cash flow is difficult, but there are methods of doing it safely. This article, by Marco Carbajo, explores the vendor credit method [...]

September 18th, 2017|Accounting, SBA|

Pay Less by Differentiating Between Expenses & Tax Deductions

Oftentimes, small business owners misunderstand the company's expenses and tax deductions and what each means to their accounting operations. This article explains the difference between certain types of business expenses and the proper method of recording each. It also describes how some can be reported as a tax deduction instead. Distinguishing the difference is key [...]

July 26th, 2017|Accounting, Information, Resources, Small Business|

How to Increase Your Business’ Profitability Through Inventory

Inventory is an influential asset that directly impacts a business' profitability. If tracked incorrectly, it can become a liability and negatively affect the business' financial health. Some factors that influence inventory are: Industry history, market behavior, or even the type of product being offered. This site will help you understand the risks of having inventory as a [...]

July 24th, 2017|Accounting, Information, Resources, Small Business|

How to Lose Debt as a Small Business

Debt can be an overwhelming fear lingering in the back of every small business owner's mind. The bad news is that, in some cases, debt is unavoidable, however, the good news is that it can be managed!  Whether focusing on cutting costs, boosting revenues, or consolidating loans, here are some great tips to limit the [...]

July 21st, 2017|Accounting, Resources, Small Business|

What’s the Root of Employee Turnover?

Caleb Newquist takes on the intriguing topic of discrepancy between a CFO's understanding of employee turnover and the reality of the problem, via a survey conducted by Robert Half.  Employee turnover percentages seem to be increasing and this article explains the leading cause of the trend. Also included in the article is important information on tax [...]

July 14th, 2017|Accounting, Human Resources, Information|

Tax Forms, Terminology, & Deadlines for Small Businesses

Small business owners can be overwhelmed by the many types of tax forms that should be submitted and when. It is typically based on the business' operational conditions such as business structure (1065 vs 1120), employee classification (1099 vs W-2), unemployment reporting (940), and living costs (8829), to name a few. Things to consider when filing are [...]

July 10th, 2017|Accounting, Information, Resources, Small Business|

Cloud Accounting Assists Growing Businesses

Learn if Cloud Accounting might be right for your small business. Intuit describes the benefits of cloud accounting in this report and how it plays an important role in security, efficiency, and reliability. It also describes multi user access, synchronization features, and future growth that can possibly save on costs and promote greater productivity. Trends show that small business [...]

June 28th, 2017|Accounting, Resources, Small Business|

Your Small Business’ Balance Sheet

One business accounting excercise is to create several financial statements in order to measure the company's performance and future growth. The balance sheet is one of those statements. Once completed, it will help to determine how to increase profitability and cash inflows. This site will help you understand the purpose of the balance sheet as well [...]

June 12th, 2017|Accounting, Information, Resources, Small Business|

Accounting: A Vital Function for Small Businesses

Good accounting principles are vital to any business. Accounting is more than just debits and credits; it includes accounts receivable, operational budgets, changes in costs, and so much more. Setting goals and keeping good records are critical to a company's health and financial performance. This article explains why accounting is such an important function to any small [...]

May 10th, 2017|Accounting, Information, Small Business|