Invoice payment terms: How it works (with examples)

Invoices are a common part of doing business. If you’re purchasing an item from someone, they will provide the invoice with the terms for making payment. This article will explore…

When and why you should use a factoring company

Small businesses are encouraged to grow but are often not given the same financing opportunities as larger corporations. For example, when it comes to business loans. It is much easier…

What is Etsy? Pros and cons for new sellers

Etsy is an online marketplace that allows anyone to sell their handmade or vintage items. Etsy is the world’s leading peer-to-peer ecommerce site for buying and selling unique goods from…

PayPal for small business: Pros and cons

PayPal is a global e-commerce business allowing payments and money transfers to be made through the Internet. It was founded in 1998 by Peter Thiel, Elon Musk, Luke Nosek, Ken…

What are GAAP (Generally Accepted Accounting Principles)?

GAAP is an acronym for Generally Accepted Accounting Principles (GAAP) which is a set of guidelines and standards for how businesses should account for their transactions. These rules are designed…

Complying with the FDCPA as a small business

You may have heard and read about debt collection agencies. The agencies are tasked with collecting money from borrowers who haven’t paid their debts in time. It is not uncommon…

The best small business credit card

There is a wide variety of business credit cards on the market. Choosing the right credit card for you and your company can be a difficult decision. Ultimately it will…

The Fair Debt Collections Practices Act (FDCPA) and how it affects you

In recent years, the Fair Debt Collection Practices Act (FDCPA) has been a topic of much debate. The FDCPA was designed to protect consumers from unfair, deceptive and abusive debt…

The best business bank accounts

As a business owner in the U.S., you know that selecting the right business bank account is no easy task. Many banks will entice you with all forms of offers,…

Using receipts in your small business

Every business has many different types of records that they will need to deal with when it comes to the financial accounting for their company. One of the groups of…

Top bookkeeping services for small business

Bookkeeping is the process of keeping track of the financial happenings that take place in any business. No matter how big or small the business is, it is important that…