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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 […]

Categories
Accounting

Top 3 Invoicing Software for Small Business

There are many options available to the business owner who needs to incorporate the best practices for generating invoices. These can be the backbone of the business; therefore, they require careful attention. It is not uncommon for small businesses to start out using resources like Excel or Word for the creation of invoices. They soon […]

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Business loans

Factoring for freight and cargo industries

What is Freight Factoring? There are different types of companies, but what many have in common is the need for immediate cash flow. One such industry that may have this need is the trucking business. For them, there is an opportunity to utilize freight factoring, which is often referred to as trucking factoring. Other types […]

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Accounting

Proforma invoices

A proforma is a type of invoice that is classified as a binding contract between the seller and the buyer. It does allow for the option of changing the sales terms when necessary. Buyers can rely on the sales price shown on the proforma invoice as being accurate. This type of invoice may also include […]

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Accounting

Commercial invoices

A commercial invoice is a legal document used to track the movement of goods, especially where customs are involved. It is provided by the seller to the buyer to act as a customs document for clearing the products for export across international boundaries. A commercial invoice is not used as a receipt for goods payment […]

Categories
Accounting

What is an invoice?

The Detailed Business Invoice Guide for Business Beginnners For those who are entering the business world as their own boss, it quite often means they are going to be the proud owner of a Company. This is a journey that can be most exciting and at times overwhelming, but one that can bring a great […]

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Accounting

How to pick the best invoicing software for your needs

One of the many resources that are available to most businesses is invoicing software. There are several different types to select from, so the choice should be made carefully. 💾 How is it Going to Store Data? The history of an invoice is essential, which means it needs to be stored securely. The varied types […]

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Accounting

Do-It-Yourself Invoices Versus Dedicated Invoicing Software

An invoice is an accounting and bookkeeping document used as a request for payment of goods. It is prepared by the seller and sent to the buyer. But many people take an invoice for just a simple document. Well, the fact is that an invoice is a structured document that may even be produced in […]

Categories
Accounting

Understanding Discounted Cash Flow

What is DCF? Discounted cash flow (DCF) is an analysis method that is used to value a company, project or asset. DCF applies the principles of time value of money and is helpful in estimating the attractiveness and viability of an investment. In this valuation method, the cost of capital is used in estimating and […]

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Business loans

Invoice factoring for beginners

What does factoring mean? Invoice factoring has become a popular way of funding a business and has increased in popularity as a result of the tough climate that businesses face. Organizations that have less than perfect credit may find it difficult to use more mainstream finance options. This type of funding allows businesses to sell their […]

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Business loans

Get started with accounts receivables financing

Businesses have many options open to them when it comes to financing. Receivables define the amount that is owed to businesses, including outstanding invoices. These invoices are seen as assets for businesses, and in a receivables financing agreement, the amount of the outstanding invoices can be borrowed. Essentially, businesses can receive payment on their outstanding invoices […]

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Accounting

Cloud Based Invoicing vs. Traditional Invoicing

Every company needs to find its most efficient manner of invoicing. Many modern-day businesses are now using online services for this and many other business purposes. Traditional Invoicing There are several different options when it comes to traditional invoicing. A small company can create their invoices by hand and then use traditional mail services to […]

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Business loans

Accounts Receivable (AR) Financing: Your best options

Accounts receivable (AR) financing is a great way to finance your business. Using accounts receivable as collateral can produce steady cash flow at low rates.

Categories
Business loans

AR Finance – the complete guide

What is AR Finance? AR Finance, or financing, stands for Accounts Receivable Financing. There are times when a business needs access to funds immediately. They cannot take the time to go through the traditional steps of asking for a business loan. The company may have money coming in by way of receivables, but they may […]

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Accounting Banking

The Ultimate Guide to Choosing a Business Bank Account

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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Banking

5 Things To Consider When Choosing Business Credit Cards

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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Accounting

FDCPA Explained: How the Fair Debt Collection Practices Act affects you

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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Accounting

When the cash flow is interrupted: Collection agencies

What is a Debt Collection Agency? A debt collection agency is an entity that helps lenders or businesses recover debts that are past due, according to the Fair Debt Collection Practices Act (FDCPA). Debt collection agencies are also called debt buyers and debt collection companies. If you own a small or medium sized business, you […]

Categories
Accounting

Getting Started With Bookkeeping for Business of All Sizes

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 […]

Categories
Accounting

Best Invoicing Software for Small Business

Tips to Help Choose the Best Invoicing Software There are many options available to the business owner who needs to incorporate the best practices for generating invoices. These can be the backbone of the business; therefore, they require careful attention. It is not uncommon for small businesses to start out using resources like Excel or […]

Categories
Business loans

Receivables Financing: Do’s & Dont’s

What Is Receivables Financing? Businesses have many options open to them when it comes to financing. Receivables define the amount that is owed to businesses, including outstanding invoices. These invoices are seen as assets for businesses, and in a receivables financing agreement, the amount of the outstanding invoices can be borrowed. Essentially, businesses can receive payment […]

Categories
Accounting

When and how to issue pro forma Invoices

How Does a Proforma Invoice Look Like? A proforma is a type of invoice that is classified as a binding contract between the seller and the buyer. It does allow for the option of changing the sales terms when necessary. Buyers can rely on the sales price shown on the proforma invoice as being accurate. […]

Categories
Accounting

Commercial invoices versus other invoices

What is a Commercial Invoice? A commercial invoice is a legal document used to track the movement of goods, especially where customs are involved. It is provided by the seller to the buyer to act as a customs document for clearing the products for export across international boundaries. A commercial invoice is not used as […]

Categories
Business loans

Factoring accounts receivables – why, what, and how

Getting started with factoring A lot of businesses that are just getting started often struggle with cash flow in the beginning. This can be a precarious time for a new business startup. There are some financing solutions in place for this type of business need. It is called factoring. The Factoring Process There is a […]

Categories
Accounting Business loans

Quick start guide to accounts receivable financing

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 […]

Categories
Accounting

Invoice 2 Go – how good is it for small business?

The Invoice 2 Go Tools Invoice 2 Go is a small business invoicing software package that also comes with some additional tools to help with the accounting needs of a small company. Templates One of the most important features of this invoicing software package is it allows the users to not only create professional looking […]

Categories
Accounting

Taking a Look at Zoho Invoicing

Every business wants to rely on resources that are going to help them operate their business. When it comes to invoicing there are plenty of options for assisting with this. The challenge is in choosing the right option for a specific business. One of many options is Zoho invoicing. Zoho is an invoicing software that […]