Product pricing can make or break your small business. If you set prices higher than what customers are willing to spend, you lose sales. But if you set prices too low, you don’t earn at your highest potential. Price points need to meet somewhere in the middle to generate the most revenue. Do you know […]
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Debt Financing vs. Equity Financing
As a small business owner, you know that it’s hard to gain business capital. But, you need money to grow your business. Whether you are looking for startup or expansion funds, you usually have two options: debt financing vs. equity financing. Know the difference between equity and debt financing to choose the right one for […]
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Business Refinance Loans for Small Companies
If you’re like many small business owners, you’ve taken on some form of debt to help your company grow. Small business loans can be very beneficial, but repayments can also become a burden. If you’re struggling to repay business debt, consider reorganizing with business refinance loans.
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Does Your Organization Qualify for Tax-exempt Status?
If you run a nonprofit organization, you work hard to give back to others. The government offers the opportunity for organizations like yours to gain tax exemption. However, applying for tax-exempt status can be a long and complicated process. Before starting the tax-exempt status application, find out what tax exemption means for your organization, determine […]
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How Much Does Small Business Tax Preparation Cost?
No matter how small your company is, you have to file taxes. But, your small business tax preparation cost can be more expensive than you might think. How much does small business tax preparation cost?
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How Long to Keep Business Receipts
If you find yourself tossing receipts left and right, you may want to think again. As a small business owner, keeping receipts is essential for your financial records. And not being able to locate a receipt can be problematic for your business. You need to know how long to keep business receipts to avoid complications […]
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Sales Projections for Small Business Owners
As a small business owner, you know it’s rare for things to go according to plan. But, without a sense of direction, you’re steering your business blindly into the future. You need to know where you’re headed in order to make smart decisions. To get an outlook on your business, you can learn how to […]
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How Much Should Accounting Cost a Small Business?
If you’re a small business owner, managing your financial books is not an expense you want draining your bank account. But, it can be difficult to know if your accounting costs are on track. How much should accounting cost a small business? The answer is not as simple as it might seem.
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Use a Suspense Account for Questionable Transactions
Sometimes, you don’t have all the necessary information for accounting. Missing or incorrect details can derail your bookkeeping efforts, but you need to record every transaction. Use a suspense account when you’re not sure where to record general ledger entries.
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Month-end Closing Procedure and Checklist: Keep Your Books Shipshape
As a small business owner, you may find yourself struggling to keep up with your business’s books. As soon as you know it, another month has passed and you’ve fallen behind recording transactions.
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