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Finances

Learn the ins and outs of what you need to have ready to secure funding for your business. We've covered the basics.

Latest: Advice, Tips and Resources

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Article
How to Track Billable Hours With QuickBooks
By Vishal Sanjay | October 23, 2023

Use QuickBooks' time-tracking functions to track billable hours and other timesheet options. Our instructions cover QuickBooks Online and QuickBooks Pro.

Article
What Is Retro Pay?
By Max Freedman | October 23, 2023

Retro pay is extra wages added to employee paychecks when a prior check was less than it should have been. Learn how to calculate and avoid retro pay.

businesswoman standing over a series of paper reports on a desk
Article
What Is Business Collateral?
By Dock David Treece | October 23, 2023

This guide explains how business collateral works and why it’s important when you're applying for a secured loan.

Article
The Do’s and Don’ts of Sending Someone to Collections
By Max Freedman | October 23, 2023

This guide explains when you should send an account to collections and how you should handle the process.

Article
What Is the FDCPA?
By Max Freedman | October 23, 2023

This federal law regulates how debt collectors can interact with debtors. Here's what you need to know.

Article
How to Collect on a Judgment
By Max Freedman | October 23, 2023

When you're suing a debtor, getting a judgment in your favor is just part of the journey. There are often several steps required to recoup what you are owed.

Man using calculator for business accounting
Article
How to Develop a Credit Policy
By Max Freedman | October 23, 2023

A credit policy provides flexible payment options to customers while ensuring you get paid what you’re owed. Learn how to write one.

Accountant working at a desk
Article
Debt Collection Laws and How They Apply to Businesses
By Max Freedman | October 23, 2023

This guide explains debt collection laws and how they apply to businesses.

Article
How to Write a Debt Collection Letter
By Max Freedman | October 23, 2023

This guide offers tips on how to draft a debt collection letter and when you should send one.

Accountant working at a desk
Article
How to Manage International Collections
By Max Freedman | October 23, 2023

Collecting a debt from international customers can be tricky. Here are four steps you can take to try and collect on money you are owed.

Article
How to Calculate Annual Revenue
By Sally Herigstad | October 23, 2023

To determine your business' financial health, you need to know how much money you are bringing in. Here is how to calculate your annual revenue.

Article
Quote vs. Invoice: What Is the Difference?
By Julie Thompson | October 23, 2023

Quotes and invoices help businesses get paid correctly and on time. Learn the differences between quotes and invoices and best practices for creating both.

Article
10 Ways to Get the Most Out of Your Crowdfunding Campaign
By Simone Johnson | October 23, 2023

Want to try crowdfunding your business venture? Here are 10 ways to get the most out of your crowdfunding campaign.

Article
Should You Offer a 401(k) Plan, and if so, to Whom?
By Julie Ritzer Ross | October 23, 2023

Providing 401(k) plans has advantages for both business owners and employees. Learn about tax credits, exclusions, matching and more.

Article
1099-MISC vs. 1099-NEC: Which One Do You Need?
By Dock David Treece | October 20, 2023

1099-MISC and 1099-NEC are IRS forms used to report your taxable payments to non-employees. Learn when each is used and how.

financial data on a laptop
Article
What Is Imputed Income?
By Max Freedman | October 20, 2023

Learn what imputed income is, see examples and find out how to calculate the taxes you must pay on it to stay compliant.

Article
Should You Consider Asset-Based Lending?
By Adam Uzialko | October 20, 2023

An asset-based loan relies on a borrower's collateral. Learn the advantages and risks of asset-based lending to see if it's right for your business.

Article
The Sole Proprietorship Tax Guide
By Sally Herigstad | October 20, 2023

The simplest small business legal structure is sole proprietorship. Learn about your recordkeeping and tax obligations as a sole proprietor.

Article
A Recession Is Coming – Are You Prepared?
By Dock David Treece | October 20, 2023

Find out how small businesses are – and aren't – getting ready for the next economic recession.

Article
Apple’s Credit Card: What Small Businesses Need to Know
By Stella Morrison | October 20, 2023

Though Apple Card is for consumers, small business owners can take advantage of some of its perks. See its benefits and uses.

accountant holding a phone in
Article
How the Tax Cuts and Jobs Act Affects Small Businesses
By Max Freedman | October 20, 2023

The Tax Cuts and Jobs Act is a federal tax code signed into law in 2017. Learn how these changes to the tax code affect small business tax liabilities.

Article
Should You Hire a Collection Agency?
By Dawn Kuczwara | October 20, 2023

Hiring a collection agency is a big decision, but sometimes it’s a necessary step to be paid what you’re owed. This guide explains what to expect.

Article
What Happens If You Can’t Make Payroll?
By Adam Uzialko | October 20, 2023

A company should never miss payroll because the consequences can be disastrous. Here is what you can do to prevent your business from defaulting.

Article
Before You Sign: Important Loan Contract Terms to Review
By Max Freedman | October 20, 2023

Before putting your signature on a loan document, make sure you review and understand the most important loan contract terms.

Article
Wage Garnishment: What Employers Need to Know
By Adam Uzialko | October 20, 2023

Wage garnishment notices must be handled with care. Learn how to process and track garnishment, and discover resources for handling wage garnishment issues.

Salesperson on the phone
Article
Affiliate Links: What Small Businesses Should Know
By Jennifer Post | October 20, 2023

Learn how this cost-effective technique can help your small business tap into the followers of influencers and others.

Article
The Return of CDOs: Is Another Economic Crisis on the Horizon?
By Adam Uzialko | October 20, 2023

CDOs caused the 2008 financial crisis, and similar asset categories are on the rise. Could they really cause another recession? Here's what to consider.

Business accountant
Article
How to Expand Your Business to Another State
By Isaiah Atkins | October 20, 2023

If your business is growing quickly, you may want to take your operations beyond your state's borders. Learn how to expand successfully.

Article
Ready for Real Estate? Now Could Be the Time for Your Biz to Buy
By Shayna Waltower | October 19, 2023

It's a good time for small businesses to buy property. Here's what you need to know to start acquiring commercial real estate.

Article
What Is a REIT (Real Estate Investment Trust)?
By Adam Uzialko | May 03, 2023

A REIT is a mutual fund for real estate properties. Learn how REITs were developed, how they work, and what investors need to know about making money.