Ever feel like getting customers to pay is like pulling teeth? If you’re in business and invoice customers, the answer is likely a resounding yes. Many customers wait until the due date to pay (who hasn’t?). Other customers still don’t pay even after the deadline has passed. And if your business needs cash, you may […]
Read More Speed up Customer Payments With an Early Payment Discount
Have you ever donated to a charity? What about a hospital or school? If so, you may have given to a nonprofit. But, what is a nonprofit? And, how do they work? Get the answers to all of your burning questions below.
Read More What Is a Nonprofit? Definition, Types, & More
As a busy business owner, you’re always looking for ways to save your time and money. And, you certainly don’t want to waste your precious time, energy, and hard-earned cash on accounting tasks. The solution? Accounting software.
Read More Unlock the 7 Primary Advantages of Accounting Software in Your Business
As a small business owner, you already have enough on your plate. There’s no reason to hold on to accounting software that doesn’t meet your needs. Changing accounting software can make your business’s day-to-day run smoother than ever.
Read More Changing Accounting Software? Here’s What You Need to Know Before Making the Switch
Did your business make a donation? Are you thinking about making one? If your business is in the giving spirit and donates to a nonprofit, you need to make a donation expense journal entry. The way you record a donation expense journal entry differs depending on the types of donations you give.
Read More Keep Track of Your Giving Spirit With a Donation Expense Journal Entry
Software is a popular type of accounting system you can use to streamline your bookkeeping process. Depending on the software you choose, you can save your time and money and focus on running your business. But first, you need to know about accounting software setup. Lucky for you, our guide makes setting up accounting system […]
Read More Setting up an Accounting System: Crunching the Numbers
First it was COVID shutdowns. Then it was the Ever Green wedged in the Suez Canal (remember that?). Now, it’s a national shortage of truck drivers, warehouse space, and shipping containers … and it’s impacting businesses nationwide. The majority of small business owners report that supply chain disruptions have impacted their business. Has it affected yours? […]
Read More Has Your Business Been Hit Hard? 8 Tips on How to Solve Supply Chain Problems
You’re doing a bank statement reconciliation (aka the process of comparing your bank statement to books) like normal. But, things don’t add up. Suddenly, you realize the discrepancy is because there’s a large charge on your statement … but not in your books. Where’d this come from? I never spent this! And indeed, you haven’t, […]
Read More Business Bank Account Fraud: What to Do If You Notice an Unauthorized Transaction
It wouldn’t be an understatement to say that family-owned business is synonymous with American business. Eighty-seven percent of American businesses are family owned. You read that right: 87%. That means that family-owned businesses employ a huge portion of the U.S. workforce, 62% to be exact. And to top things off, family-owned businesses make up 64% […]
Read More How to Start a Family-owned Business: Keeping It in the Family:
Starting a business comes with obstacles that may seem insurmountable. You have to get a storefront, buy and store inventory, and sell and ship that inventory if needed. But, you don’t have to stick to the old ways of doing business if you don’t want to. With a dropshipping business, you can bypass a lot […]
Read More Ever Wonder What Is Dropshipping? It Could Be Just What Your Business Needs