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For many businesses, invoicing customers is how you get paid. But manual invoicing processes can be time-consuming, and invoices can look unprofessional. Invoice generators streamline the essential invoicing process, which can speed up how quickly you get paid.
Read More Invoice Generators: A Guide on How To Make an Invoice
Calculating your business profits shows you how much money your company brings in. But, not all profit data is the same. There are two types of profit you should understand and use to measure your financial health: gross profit and net profit. What’s the difference between gross profit vs. net profit?
Read More The Difference Between Gross Profit vs. Net Profit
When you run a small business, every little cost counts. Making poor purchasing decisions can put an unnecessary financial burden on your business and lower your company’s bottom line over time. Before you purchase new assets for your business, practice life cycle costing.
Read More How to Use Life Cycle Costing
Do you need extra capital for your small business? If you’re thinking of securing a business loan, you should know how much it’s really going to cost you. Before taking out a new loan, understand how small business loan interest rates and fees work.
Read More Small Business Loan Interest Rates and Fees: Avoid Surprises
Getting funding for your business is no walk in the park, especially if you’re just starting up. But in order to keep your business dream alive, you need capital.
Read More Angel Investors vs. Venture Capitalists: How to Decide Who to Pitch to
One of your first choices as a business owner is your accounting method. Before making a decision, take some time to compare the cash-basis vs. accrual basis methods of accounting. Having to switch from cash-basis to accrual-basis after the fact can be difficult. The way you keep your books affects many aspects of your business, […]
Read More What Is Cash-basis Accounting?
Are you thinking about opening a seasonal business? Operating for only part of the year can be challenging. Prepare for the highs and lows of your first season by understanding how to start a seasonal business now.
Read More How to Start a Seasonal Business
Picture this: You own a small restaurant. One day, you receive an IRS notice—you’re being audited. Do you A) Panic or B) Calmly review your business records? If you know how long to keep business records (and which ones to keep), you’ll have the supporting documents needed to back up your tax return claims.
Read More How Long to Keep Business Records [+ Best Practices]
You run your own business, but are you considered self-employed? The definition of self-employment can be confusing. What does self-employment mean? Find out below.
Read More What Does Self-employed Mean?
Business owners have a lot of decisions to make, especially in the beginning. One of the most important decisions is how to handle bookkeeping for your business. There are three methods of accounting to choose from: Cash-basis, modified cash-basis, and accrual accounting.
Read More Accrual vs. Cash-basis Accounting: A Comparison