Invoices and statements are regularly used in business. You send invoices and statements to bill customers. And, vendors send you invoices and statements so you know how much you owe. But, what is the difference between an invoice and a statement?
Read More What Is the Difference Between an Invoice and a Statement?Accounting Articles
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How to Use a Comparative Income Statement for Your Small Business
You’re an expert at running your business, not analyzing financial numbers. But as a small business owner, you need to know how your decisions affect your company. By reviewing your accounting books, you can leverage data to grow your company. One important report to look at is the comparative income statement.
Read More How to Use a Comparative Income Statement for Your Small BusinessHow to Start a Seasonal Business
Are you thinking about opening a seasonal business? 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 BusinessSmall Business Recordkeeping for Seasonal Companies
All companies need to record business activities to avoid an IRS tax notice or penalties, and to track progress. But, do seasonal companies have the same rules for small business recordkeeping as year-round companies?
Read More Small Business Recordkeeping for Seasonal Companies7 Tips for Your Small Business Credit Application
As a small business owner, getting approved for a line of credit is not easy. You need to make sure your credit application has the best chances of securing a loan or line of credit. Follow the tips below to show lenders you’re creditworthy with a strong small business credit application.
Read More 7 Tips for Your Small Business Credit Application4 Accounting Tips for Bootstrapping Your Business
Have you thought about starting a business, but don’t want to jump through hoops to meet the requirements for small business loans? You may want to consider bootstrapping your business. Bootstrapping means you self fund your business. Because you invest your own money, you don’t need outside help from lenders.
Read More 4 Accounting Tips for Bootstrapping Your BusinessWhat Is a DBA, and Does Your Small Business Need One?
The name of your company plays a big role in your success. But, for many small businesses, legal structure limits what a business can be called. To use a name that interests consumers, you might need to register a doing business as (DBA) name. What is a DBA name?
Read More What Is a DBA, and Does Your Small Business Need One?What Is Financial Reporting and Analysis in Small Business?
During day-to-day operations, you make transactions for your business. Knowing how to organize and review this information is key to long-term success. One way to keep track of transactions is to manage financial reports. What is financial reporting?
Read More What Is Financial Reporting and Analysis in Small Business?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.
Read More Why Your Personal Credit Score Matters to LendersHow Does a Business Loss Affect Your Company?
It’s great when your business is consistently profitable. But, sometimes, unexpected situations come up. Depending on the circumstances, your business could experience an unforeseen loss. You need to know how a loss in business can affect your company in the long-term.
Read More How Does a Business Loss Affect Your Company?