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Small Business Tax Deductions

truly financial

O rganizing your expenses at tax time can feel like one of the most complex and frustrating parts of being a small business owner. You have to sort out which expenses are considered tax-deductible for your business’ income, and follow the proper methods for claiming them. These are tax-deductible.

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The Essential Connection: Small Business Working Capital and Profit

Eagle Business Credit

Starting a small business can be an exciting venture filled with dreams of success and profitability. In this article, we will explore the essential relationship between working capital and profit, breaking down complex financial concepts into digestible bites for small business owners.

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Sales Commissions Impact the Collection Process

Your Virtual Credit Manager

Photo by Alex Radelich on Unsplash When small businesses add customers and increase sales, their company’s Accounts Receivable (AR) will grow. A chemical distributor did just this by providing their Salesforce with a dashboard to monitor each region’s receivables portfolio. it just might help them pay you sooner!

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An Inconvenient Truth about the Cash Conversion Cycle

Your Virtual Credit Manager

There was a lot of gnashing of teeth on the part of the sales team at the beginning, but invoice accuracy improved in each subsequent month as the sales began transmitting accurate pricing and terms to order processing, thereby reducing downstream disputes and payment deductions. it just might help them pay you sooner!

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The 8 Best Bookkeeping Apps for Small Business Owners

Fundera

Best Bookkeeping Apps for Small Business Owners. In the world of small business accounting , bookkeeping apps can change how you do business. As a small business, you don’t have a big accounting or bookkeeping department to balance your books and help with financial planning.

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Zenefits vs. TriNet: Which Is Right for Your Business?

Fundera

Zenefits will work best for newer businesses, while TriNet is a good option for businesses that are quickly scaling. When it comes to HR for small business , entrepreneurs have an array of software options to help automate and manage the process–from administering payroll to managing health benefits and more.

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A Comparison of the Top 6 Small Business Accounting Software

Fundera

As a small business owner just getting your venture off the ground, you wear many hats. You’re not only the founder of your company, but you’re its number one sales rep, the chief marketer, the go-to office manager, and oftentimes its business accountant. QuickBooks Desktop.