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Finance

Everything you need to know about how your business can achieve financial success.

Latest: Advice, Tips and Resources in Finance

Article
How to Get Your Business Loan Application Approved
By Donna Fuscaldo | March 26, 2024

These steps will help you get your business loan application approved and secure the funding your business needs.

Article
The SBSS Score Explained: What It Is and Why It Matters When Applying for a Loan
By Jamie Johnson | March 25, 2024

Your SBSS score matters when you're applying for a small business loan. Here's what you need to know.

Article
Everything You Need to Know About the Statement of Shareholder Equity
By Donna Fuscaldo | March 25, 2024

A statement of shareholder equity can tell you if your business is doing well or if it's time to fine-tune some of your activities.

Article
There’s a Fee for That: Pros and Cons of Surcharging Credit Cards
By Jennifer Dublino | March 25, 2024

Should you start surcharging to mitigate credit card processing fees? Learn the pros and cons of surcharging, as well as some alternatives.

Article
Credit Card Receivables Financing
By Jennifer Dublino | March 18, 2024

Credit card receivables are a vital short-term financing source. Learn how to leverage your credit card receivables to get cash for your business quickly.

Article
What to Do if You’re Behind on Your Taxes
By Jennifer Dublino | March 14, 2024

Getting behind on your taxes can result in penalties, including liens and levies on your business. Here's what to do if you're past due.

Article
What Is a POS System? (And Other Common Questions Answered)
By Skye Schooley | March 12, 2024

You've been told you need a POS system, but how does one work, how can it benefit your business, and what are its advantages over a cash register?

Article
4 Digital Payment Methods: Is Your Business Ready for Them?
By Sammi Caramela | March 12, 2024

As the world becomes more digital, consumers want payment options. Here are four digital payment methods your business can offer to process transactions.

Article
Time to Ditch Cash? Why Credit Cards Only Might Make Sense
By Jennifer Dublino | March 12, 2024

There are many advantages to going cashless. Here is why your restaurant might want to use credit cards only for payment.

Article
What Are Payroll Liabilities?
By Julie Thompson | March 12, 2024

Payroll liabilities are payroll-related fees your company owes. Learn payroll liability types, how they differ from payroll expenses, and how to pay them.

person punching numbers on a calculator
Article
Guide to Employer Payroll Taxes
By Julie Thompson | March 12, 2024

Understanding payroll taxes and deductions is critical for business owners. Learn how payroll taxes work and how to calculate payroll taxes.

Article
Accounting Cycle 101
By Dachondra Cason | March 11, 2024

The accounting cycle tracks a transaction until it's added to your company's financial statement. Follow this eight-step process to organize the data.

Article
Is It Time to Hire a CPA?
By Max Freedman | March 08, 2024

Knowing when to hire a CPA can have a dramatic impact on your business's financial health. Find out all of your tax options here.

Article
Wave Accounting Software Alternatives
By Jamie Johnson | March 08, 2024

Wave is a good option for accounting software, but it has certain limitations. Consider seven Wave alternatives that can grow with your business.

Article
Top Small Business Grants
By Simone Johnson | March 06, 2024

Small business grants are basically free money from federal, state or privately funded programs. Learn about small business grants and how to apply.

Article
What Is a Hard Money Loan?
By Simone Johnson | March 06, 2024

Hard money loans make sense for businesses that need fast capital or can't access other financing, but a payback plan is key for this type of lending.

Article
Business Loan Terms You Should Know
By Simone Johnson | March 06, 2024

When seeking a business loan for your small business, it's important to understand the terms banks use. Learn the most important business loan terms.

Article
What Is a Credit Card Imprinter?
By Jennifer Post | February 28, 2024

Credit card imprinters used to be a popular tool for small businesses. As they have fallen out of favor for many, learn if they're still a fit for you.

Article
What’s the Difference Between Net Income and Profit?
By Dachondra Cason | February 27, 2024

Profit and net income are found on your company's income statement. Learn the difference between these financial terms and what they mean for your company.

person punching numbers on a calculator
Article
Revenue vs. Income: What’s the Difference?
By Dock David Treece | February 16, 2024

Learn how the relationship between revenue and income affects your business and its value.

Article
How to Conduct a Payroll Audit
By Max Freedman | February 14, 2024

Payroll audits can be beneficial to your business. Learn how to conduct one with this step-by-step guide and get software recommendations.

Article
What Is Retro Pay?
By Danielle Fallon-O’Leary | February 14, 2024

Retro pay is when an employer makes up the difference between wages the employee should have been paid versus what the employee received.

Article
Everything You Need to Know About Cash Flow Statements
By Jennifer Dublino | February 14, 2024

Learn why cash flow statements are a vital part of financial tracking and many financial activities.

Article
Traditional vs. Roth IRAs: What SMB Owners Must Know
By Max Freedman | February 14, 2024

SMB owners are responsible for their own nest eggs. Which retirement account should they choose? Compare the pros and cons of traditional and Roth IRAs.

Article
K-1s and How They Are Used
By Jennifer Dublino | February 14, 2024

Partnerships use schedule K-1 tax forms to avoid tax penalties by distinguishing business income and personal income.

Article
How to Reconcile a Business Bank Account
By Dock David Treece | February 14, 2024

Learn how to reconcile your business’s bank account by comparing your recorded transactions to the bank statements. Then, you can follow up on any errors.

Article
How to Hire the Right Accountant for Your Business
By Mike Berner | February 14, 2024

An accountant can add financial balance to your life. But how do you pick the right accountant for your business? Here are our tips.

Article
How to File Employee Payroll Taxes
By David Gargaro | February 14, 2024

This guide to filing payroll taxes can help any business with employees manage their payroll and meet their tax obligations.

Article
What Is GAAP? A Guide to Generally Accepted Accounting Principles
By Jamie Johnson | February 14, 2024

GAAP refers to a set of rules and standards used for financial reporting in the U.S. Learn how GAAP principles work and what they mean for your business.

Article
What Are Assets in Accounting and Business?
By Sean Peek | February 14, 2024

Assets refer to resources that can be converted into cash. Learn how assets work, the various types of assets, how to determine an asset's value and more.