Blog posts tagged with "Business Finances"

How Can a Small Business Use a General Ledger?

March 20, 2019
At some point, you’ll need a system to manage your business’s financial information. For many business owners, the general ledger is the foundation of that system. You can view the general ledger as the master accounting document of your business because it displays a complete record of your company’s financial transactions.

Pros and Cons of a Secured Line of Credit

March 19, 2019
Did you know that you can use a secured line of credit to grow your business’s operations? A line of credit provides you with an agreed upon amount of credit. You’ll be able to withdraw as much money as you need up to the credit limit and will only pay interest on the amount you borrow.

The Pros and Cons of Invoice Factoring

March 14, 2019
When your small business is dealing with low cash flow because of outstanding invoices, invoice factoring can be a quick and easy solution. Even though it can be frustrating to wait for customers to pay off their existing balances, invoice factoring can help you navigate this challenge.

The Benefits of Using a Balance Sheet

March 12, 2019
One of the biggest mistakes new business owners make is not taking time to understand their company’s financial statements. For instance, a balance sheet can be used to monitor your business’s financial health.

Pros and Cons of SBA Disaster Loans

March 08, 2019
Following a disaster — once you’ve ensured that everyone’s safe — the first thing your mind turns to is how much you’re going to have to pay to put the pieces back together.

How to Get a Business Line of Credit with a Bad Credit Score

March 06, 2019
A business line of credit is a flexible funding option that’s great for smoothing out cash flow. However, it’s often difficult to get approved for a line of credit, especially if your credit score is low. Fortunately, although it’s difficult to get approved, it isn’t impossible if you make a plan to build your credit and stick to it.

Four Industries that Benefit from Merchant Cash Advances

March 05, 2019
Running a business can be an exciting venture, but there will be times that you need to pursue additional financing options. You’ve probably considered a small business loan, but have you thought about applying for a merchant cash advance (mca)? If your business receives most of its payments through credit cards, you could qualify for this financing product. With a merchant cash advance, you receive a lump sum, and remit a percentage of your future credit card sales to fulfill your obligation.

How to Write a Business Expense Report

March 04, 2019
As a small business owner, you’re likely to have a variety of incidental expenses in addition to your budgeted operational expenses, regardless of the industry your business is in.

Pros and Cons of Using a Personal Line of Credit for Business Expenses

February 27, 2019
Let’s face it; even for well-established business, cash flow can fluctuate. Unfortunately, bills are due whether you have cash or not, which is why many business owners turn to a personal line of credit to fill in cash flow gaps. Still, we don’t suggest blindly following the crowd.

5 Tips for Selecting Invoice Software for Your Small Business

February 27, 2019
Depending on how many invoices you process each month, you could gain significant savings for your business by using invoicing software. In fact, businesses save between $4 to $8 per paper invoice by converting to electronic alternatives.