Small business owners take risks every day. But if you put too much at stake, your business bottom line could suffer. To make sure your decisions are sound, conduct a risk analysis for your small business.
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How to Get a Small Business Loan With Bad Credit
Getting the finances you need to grow your business isn’t easy. Securing funds is especially hard if you have poor credit. You need to know your options for business funding with bad credit.
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Amortization Meaning: Definition and Examples
To protect your business and operate under the law, you might obtain licenses, trademarks, patents, and other intangible assets. These items can be costly to a small business. You can use amortization to reduce your taxable income throughout the life of intangible assets. What is amortization?
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Use Payroll Reconciliation to Record Your Books Accurately
As a small business owner, payroll is one of your biggest expenses. You need to make sure you run payroll and record it in your books correctly every time. Check your general ledger entries with payroll reconciliation for accurate accounting and payroll records.
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Types of Invoices for Small Business
Like many small business owners, you send customers bills after providing a product or service. An effective invoicing system gives customers more flexible payment options. You need to know which types of invoices to send customers for different situations.
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Fixed Asset Management for Small Business
No matter what kind of business you run, you probably own property that helps you provide products and services. Your company’s assets are a valuable part of your operations and need to be carefully maintained. Use a fixed asset management system to organize information about your business property.
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What You Need to Know About Small Business Invoice Factoring
A small business loan might not be the best option if your business needs short-term capital. Instead, look for funding solutions that are geared toward fast cash and low rates. Invoice factoring could help you manage cash flow during slow months without committing to long-term debt.
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What Is Historical Cost Principle?
When you buy assets for your small business, you need to account for them in your books. Recordkeeping for assets doesn’t need to be difficult. The cost principle is a simple method for managing the value of your long-term assets.
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Use Correcting Entries for Mistakes in Your Books
Even with automation and easy-to-use accounting tools, bookkeeping mistakes can happen. Journal entry errors can end up costing your small business time and money. Learn how to get your books back on track with correcting entries.
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7 Questions to Ask Before Using a Personal Loan for Business
No matter the size of your company, there is always a need for capital in order to operate and grow. For small business owners, one funding option is a personal loan. These loans focus on your financial history, not your business’s. Find out if a personal loan for business is right for you.
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