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  • Learn the basics of small business debt collection.

    7 Tips for Small Business Debt Collection

    posted by Mike Kappel
    Newest Article
  • Learn how to account for accrued liabilities in you small business books.

    The Basics of Accrued Liabilities for Small Business Owners

    posted by Amanda Cameron
    Recent Article
  • 7 Tips for Small Business Debt Collection

    Many small businesses extend credit to customers instead of collecting money at the point of sale. The business provides a good or service and the customer pays on a later date. Do you invoice your customers? If so, you need a small business debt collection strategy.

    The Basics of Accrued Liabilities for Small Business Owners

    During everyday operations, you buy goods and services for your business. Some of these items are likely purchased on credit. To organize expenses and keep your small business cash flow on track, you might need to record accrued liabilities in your accounting books.

    Why Your Personal Credit Score Matters to Lenders

    When you need financing for your small business—whether it’s a working capital loan to meet payroll or a term loan to fund an expansion into a second location—your finances are going to come under the scrutiny of lenders.

    What Is an Invoice?

    Selling products or services to customers is your main objective. Sometimes, instead of collecting money right away in exchange for your offering, you send the customer an invoice. What is an invoice?

    How to Use an Accounts Payable Aging Report

    If you’re a small business owner, you probably make purchases for your business on credit. Sometimes, it’s hard to know when money is owed to different suppliers. To organize business debts, use an accounts payable aging report.

    What Is an Income Statement?

    As a business owner, it’s important to measure the profitability of your company. Without knowing your business’s financial health, you risk spending more than you can afford and repeating mistakes. Create an income statement to find out your business’s profit or loss. What is an income statement?

    How to Write Off Bad Debt

    When customers make purchases on credit, you expect them to pay you. If they don’t, it can be frustrating and hurt your business. You need to know how to write off bad debt when this happens.

    The Basics of Single-entry Bookkeeping

    As your small business begins to make transactions, you need to record them in your books. If you want an easy way to track business finances, consider using the single-entry method. Single-entry bookkeeping lets you record transactions quickly so you can get back to running your business.

    Payroll Accounting for Small Business Owners

    If you have employees at your small business, you handle payroll regularly. You must also record payroll expenses in your accounting books. For accurate and compliant books, you need to know how to do payroll accounting.

    Expense Reporting for Small Business

    If you have employees, expense reporting is an important part of your accounting process. Expense reports allow flexibility and make it easier for employees to do their jobs. To save your business time and money, create an expenditure report policy.

    7 Tips for Small Business Debt Collection

    Many small businesses extend credit to customers instead of collecting money at the point of sale. The business provides a good or service and the customer pays on a later date. Do you invoice your customers? If so, you need a small business debt collection strategy.

    The Basics of Accrued Liabilities for Small Business Owners

    During everyday operations, you buy goods and services for your business. Some of these items are likely purchased on credit. To organize expenses and keep your small business cash flow on track, you might need to record accrued liabilities in your accounting books.

    Why Your Personal Credit Score Matters to Lenders

    When you need financing for your small business—whether it’s a working capital loan to meet payroll or a term loan to fund an expansion into a second location—your finances are going to come under the scrutiny of lenders.

    What Is an Invoice?

    Selling products or services to customers is your main objective. Sometimes, instead of collecting money right away in exchange for your offering, you send the customer an invoice. What is an invoice?

    How to Use an Accounts Payable Aging Report

    If you’re a small business owner, you probably make purchases for your business on credit. Sometimes, it’s hard to know when money is owed to different suppliers. To organize business debts, use an accounts payable aging report.

    What Is an Income Statement?

    As a business owner, it’s important to measure the profitability of your company. Without knowing your business’s financial health, you risk spending more than you can afford and repeating mistakes. Create an income statement to find out your business’s profit or loss. What is an income statement?

    How to Write Off Bad Debt

    When customers make purchases on credit, you expect them to pay you. If they don’t, it can be frustrating and hurt your business. You need to know how to write off bad debt when this happens.

    The Basics of Single-entry Bookkeeping

    As your small business begins to make transactions, you need to record them in your books. If you want an easy way to track business finances, consider using the single-entry method. Single-entry bookkeeping lets you record transactions quickly so you can get back to running your business.

    Payroll Accounting for Small Business Owners

    If you have employees at your small business, you handle payroll regularly. You must also record payroll expenses in your accounting books. For accurate and compliant books, you need to know how to do payroll accounting.

    Expense Reporting for Small Business

    If you have employees, expense reporting is an important part of your accounting process. Expense reports allow flexibility and make it easier for employees to do their jobs. To save your business time and money, create an expenditure report policy.

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