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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
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.

person working at a desk in a wheelchair
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
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.

Article
How to Get the Best Credit Card Machine for Your Business
By Jennifer Dublino | February 14, 2024

You can choose from a variety of credit card machines with different capabilities and price points. Here are the best options.

Article
The Role of a Strong Accounting and Finance Team in Seeking Capital
By Jennifer Dublino | February 14, 2024

To achieve financial goals you might need a top-notch finance department. Learn how your company can become more competitive.

Article
5 FreshBooks Alternatives
By Dachondra Cason | February 13, 2024

While FreshBooks is popular accounting software, others might work better for your company. Learn about some alternatives.

Article
The Risks Associated With a Personal Guarantee
By Jennifer Post | February 12, 2024

Many small business loans require the business owner to sign a personal guarantee. Learn about the risks of personally guaranteeing a loan.

Article
What Is a High-Risk Business Loan and What Industries Can It Help?
By Simone Johnson | February 08, 2024

If your company is considered too risky by traditional lenders, a high-risk business loan might offer financing options.

Article
Find Out Which Credit Card Payment App for Android Works Best for You
By Adam Uzialko | February 07, 2024

If you have an Android phone, an Android credit card payment app can help you accept mobile payments. Find the best credit card payment apps for Android.

Article
How to Accept Credit Card Payments Using Your Phone
By Simone Johnson | February 06, 2024

Learn how to accept credit card payments from your smartphone or tablet.

Article
How to Process Accounts Receivable: A Step-by-Step Guide
By Jamie Johnson | February 05, 2024

Learn how the accounts receivable process works and how accounting software can streamline your business’s ability to track and collect money owed.

Article
How to Accept Credit Card Payments Over the Phone
By Adam Uzialko | February 05, 2024

Accepting credit cards over the phone can help boost customer convenience and satisfaction. Learn methods for taking credit card payments over the phone.

Article
Pricing and Costs of Tax Consultants
By Jennifer Dublino | February 02, 2024

No matter what type of taxes you need help preparing, it's crucial to choose the right business tax consultant – and one whose prices fit into your budget.

Article
16 Tips to Avoid a Tax Audit of Your Small Business Return
By Andrew Martins | February 02, 2024

IRS audits are stressful and costly. Learn best practices and tips that will reduce your chances of getting audited by the IRS and help you stay compliant.

Article
Financial Tracking 101: Best Implementation Practices and Best Tools
By Donna Fuscaldo | February 02, 2024

Whether you do it yourself or rely on accounting software, finance tracking is essential for small business owners.

Article
How to Get PPP Loan Forgiveness
By Donna Fuscaldo | February 02, 2024

The pandemic’s Paycheck Protection Program offered relief to businesses. Here is what you should know about the loan forgiveness process.

Article
Business Debt: How Much Is Too Much to Carry?
By Jamie Johnson | February 01, 2024

To start your business, you’ll need money and sometimes borrowing funds is fine. Without proper management and care, though, debt can become problematic.

Article
How to Calculate Loan Payments
By Mike Berner | February 01, 2024

When considering accepting a business loan, it's important to develop a repayment plan. Learn about the calculation formula, amortization and more.