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Accounting Small business

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 the terms for when you’re going to be paying someone. We’ll discuss two main types of invoices: the ones with payment terms that are discussed […]

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Small business

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 for a large established business entity to get financing. One option that a business can utilize to help raise capital is by considering accounts receivable […]

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Small business

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 around the world. They have a unique, user-friendly system that makes selling on Etsy easy and affordable. Founded in 2005, Etsy has become a top […]

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Small business

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 Howery and Max Levchin. PayPal had its IPO on February 15, 2002 and was once owned by eBay until 2015 when it became a separate […]

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Accounting Small business

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 to ensure that investors can rely on the information provided by public companies, which has been established as a cornerstone principle in the securities laws. […]

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Small business

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 to hear of hundreds of consumers in the United States complaining of being harassed because they owe other people, or businesses, money. The Federal Trade […]

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Credit cards Small business

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 depend on a number of factors. These include: Annual Percentage Rate (APR) This is the cost that the user will have to be charged with […]

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Small business

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 collection practices. However, many people are confused about what this act actually does or how it affects them personally. In this blog post, we will […]

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Small business

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, with others going to an extent of making empty promises. To avoid the tremendously laborious process of choosing the right account, you’ll want to approach […]

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Small business

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 documents will be the receipts. 🤷‍♂️What is a Receipt? A receipt is a permanent record of a transaction concerning something of value that has been […]

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Small business

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 proper financial record keeping is executed. Historians don’t know for sure exactly when bookkeeping practices came into existence, but they do know that some crude […]