The Source

This week in The Source

When To Chase Accounts Receivable Payments (And When To Give Up)

9 minute read

January 24, 2020

Far more than a minor annoyance, late payments can significantly harm your business. In addition to the headache of chasing payments, having cash tied up in accounts receivable can hurt your cash flow. At best,...

Small Business

The Safest and Best Index Funds To Invest In For 2020

5 minute read

January 23, 2020

2020’s most reliable index fund options are those focused on low expense ratios, high diversification, and remaining on the rise during turbulent times.

Small Business

The Benefits of Using Petty Cash in your Small Business

5 minute read

January 22, 2020

Petty cash is a convenient way to pay for small purchases. Many small businesses use a petty cash fund, as there are several reasons to do so. However, if you don’t manage your cash carefully,...

Small Business

How to Prepare For A Financial Audit

5 minute read

January 22, 2020

If there’s one thing any taxpayer knows, it’s that an audit is bad news. Unfortunately for entrepreneurs, an audit from the IRS is especially complicated and potentially costly.

Small Business

LLC vs Partnership: Pros and Cons of Working With Others

5 minute read

January 19, 2020

When you form business partnerships, you have the benefit of a built-in safety net to keep your company running smoothly.

Small Business

Fora Financial’s Guide To The Best Business Bank Accounts

5 minute read

January 14, 2020

It's often mentioned that one of the most critical factors to small business success is cash flow management. However, it can be challenging to find a business bank account that checks all the boxes.

Small Business

Sunk Costs: Don’t Let Them Ruin Your Business

5 minute read

January 10, 2020

Regardless of your business's industry, your success depends on your ability to make good decisions. Of course, making good future decisions is easier said than done.

Small Business

Have Investors? Here Is How To Manage Investor Relations

5 minute read

January 8, 2020

Finding someone to invest in your business is one thing. However, managing that relationship once it’s established is a whole new can of worms.

Small Business

Does Forecasting Affect Growth? You May Be Surprised

8 minute read

January 1, 2020

A financial forecast is a method of predicting your business's financial outcomes. It uses previous data to create an accurate report of future performance. There are different forecasting methods, but the overall goal is to...