A zero-based budgeting method includes building a new budget from the initial stage each time, beginning from “zero”. This budgeting method is different from traditional Budgeting, which involves looking at the past session’s budget and altering it as required. With the guidance from technological advancements, a reduction in manual labor is experienced with enhanced transparency, due to […]
What is Inventory Financing and How Does It Benefit Small Business Owners?
Product-based businesses know the importance of inventory. Without it, you wouldn’t have a business to run. Inventory keeps your operations going and your customers happy. But if you find yourself in need of additional business financing, did you know you can use your inventory as collateral to secure the capital you need? If your product-based […]
5-Steps to Getting Your Small Business Finances in Order
Small business finances are always a tough subject to tackle, as small businesses typically work on shoe-string budgets. The pandemic put a spotlight on how many small businesses don’t have a solid grasp on their finances or solid business finance processes in place. So, let’s look at the five steps you can take to get […]
How to Take Control of Your Money in 2021
This content is sponsored by Plastiq If you are trying to figure out how to help your small business increase revenue in 2021, it’s time to take a hard look at how money works in your business. After the ups and downs of 2020, one of the most important resolutions any business can make this […]
IRS Tax Alert: Mark Your Calendar with Important Tax Deadlines for 2021
It’s that time of the year again! As we say goodbye to what was a turbulent year for many small businesses, it’s time to wrap things up and move into 2021. This includes our 2020 taxes! While April 15 is the most recognizable tax due date, there are many other dates small and medium-sized businesses […]
How to Leverage Tax Planning in Your Small Business
Davita Pray CPA @davitapraycpa provides tax preparation, business consulting, and Quickbooks services either in your facility or at my location. She provides tax preparation with the personalization that software packages can’t. She stays up-to-date with the changing tax laws, as well as any requirements for business owners. Her business is based in West Chester, Pennsylvania. As a CPA, […]
3 Signs Your Cash Flow is in Trouble
As a small business owner, you’ll hear a thousand times over that “cash flow is the lifeblood of your business.” Even if you’re sick of hearing it, it’s important for you recognize why the saying is so popular. Cash flow management will literally make or break your small business. According to Dun and Bradstreet, 90% of […]
21 Tips for Managing Your Small Business Finances
Every small business owner must stay on top of one thing: managing the money. Cash flow is all about how money moves in and out of your business. And your goal should always be to keep cash in your business operating account as long as possible. Managing your small business finances requires a specific skill […]
How Small Businesses Can Bounce Back After Legal Trouble
If you are a small business owner that is trying to recover after a legal setback, there are a lot of things to consider and keep in mind. Sometimes the legal troubles are unintentional or unlucky, and in order for a business to recover, it’s important to take the appropriate measures in order to bounce […]
Business Loans: How to Compare and Choose the Best One
Being a business owner can be both a thrilling and anxious-filled experience. This is especially true for those who are about to start a new business, as they usually have numerous financial worries. In these scenarios, business loans can represent a helpful tool to address these problems. The process of getting a business loan is […]
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