Fundera
JULY 20, 2020
The 14 Best Small Business Grants for Women Entrepreneurs. Grants.gov. National Association for the Self-Employed Growth Grants. Eileen Fisher Women-Owned Business Grant Program. Amber Grant. IdeaCafe Grant. Girlboss Foundation Grant. Cartier Women’s Initiative Award. GrantsforWomen.org. FedEx Small Business Grant. The Halstead Grant. Open Meadows Foundation. 37 Angels.
Abrigo
JULY 30, 2020
Key Takeaways Stress tests and capital planning are vital to financial institutions in volatile times like these, when the coronavirus and pressures on the energy sector result in a financial crisis. Regulators will have elevated interest in credit risk and the resulting impact in the months ahead. Consider utilizing the same advisor for any stress testing or credit-focused capital planning as for estimating the allowance for loan and lease losses.
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Business Credit
JULY 31, 2020
How to Build Business Credit In today’s post we’re going to talk about a key fundamental step for building business credit for your company. While acquiring credit from vendors, suppliers and other businesses that report to the business credit agencies is a widely known practice for establishing business credit; why not also have your business […].
GoCardless
JULY 31, 2020
Do you still find pricing or invoicing a hassle in your business? With fintech, they don't have to be. We spoke with the Small Business Commissioner, GoProposal, and Xero to show you how.
StackSource
JULY 15, 2020
When you get multiple lenders to provide a loan quote, why the heck would you choose the one with the higher interest rate. Well, there are a few reasons.
Pactola
JULY 20, 2020
A Wall Street Journal article from July 14, indicates that the largest U.S. banks of JPMorgan Chase & Co, Citigroup, and Wells Fargo took huge hits to their second quarter profits to stockpile $28 billion to cover losses as consumers and businesses begin to default on their loans. On June 3, NPR reported that Americans are skipping payments on mortgages, auto, loans and other bills.
Credit Management Source brings together the best content for credit management professionals from the widest variety of industry thought leaders.
Abrigo
JULY 30, 2020
This morning, the Bureau of Economic Analysis released its first estimate of second-quarter gross domestic product (GDP) growth. From April to June, GDP plunged 32.9% – faring just slightly above the 34% estimated. This number is well within the range of estimates which had varied widely, due to deep economic uncertainty. Recall that GDP fell 5.0% in the first quarter.
Fundera
JULY 24, 2020
The coronavirus pandemic is showing no signs of slowing down in the United States, and the country’s small businesses are paying the price. A new survey of business owners from Fundera shows that a majority feel the first round of financing from the Paycheck Protection Program (PPP) wasn’t sufficient to help them cover costs, and that they would apply for a second round of federal financing if it becomes available. .
Abrigo
JULY 10, 2020
Key Takeaways It's important for financial institutions to find a balance between detecting suspicious activity without being so broad that BSA professionals are bogged down with false positives. Rules-based and behavior-based approaches both have pros and cons when used exclusively. To zero in on suspicious activity, typologies can be used to more accurately assess behaviors.
Abrigo
JULY 10, 2020
Key Takeaways It's important for financial institutions to find a balance between detecting suspicious activity without being so broad that BSA professionals are bogged down with false positives. Rules-based and behavior-based approaches both have pros and cons when used exclusively. To zero in on suspicious activity, typologies can be used to more accurately assess behaviors.
Abrigo
JULY 5, 2020
Key Takeaways Credit unions participating in the Paycheck Protection Program (PPP) found that the right technology helped them serve business members when they needed help and also gain new members. Technology that makes it easier to meet credit union members’ ongoing needs also will factor importantly into growing relationships beyond the pandemic and economic crisis.
Fundera
JULY 3, 2020
Swyft Filings is a web-based legal service that can help you form your small business entity quickly and easily, as well as file the required documents to state and federal agencies. Instead of having to hire expensive legal help or go it alone when setting up your business entity, Swyft Filings can be a happy-medium for small business owners who need guidance on a budget. .
Fundera
JULY 24, 2020
As a small business owner, you’re likely familiar with the various types of business insurance you need to protect your company, inventory, and more. But what about protecting those who rely on you most? . In the unfortunate event that you pass away unexpectedly, your business partners, employees, and family may suffer. That’s where life insurance for business owners comes in.
Fundera
JULY 10, 2020
A fiscal year marks the beginning of your annual financial records. It’s a stake in the ground that demarcates when your company’s year begins, and it doesn’t just have to be when the ball drops on New Year’s Eve. Even if you don’t handle your own business accounting processes, you should understand what a fiscal year is and how to determine one for your business.
Fundera
JULY 12, 2020
Depreciation is one of the most misunderstood business accounting concepts. Many business owners think this concept is nothing more than a calculation for tax purposes. Although your accountant will make a depreciation calculation as part of your tax return filing, there is so much more to this concept than a line on your tax return. Here, we will take an in-depth look at the depreciation definition, the four most common depreciation methods and when you would use each type, and even how you ca
Fundera
JULY 28, 2020
10 Common Accounting Errors. Improper Recordkeeping. Inadequate Checks and Balances. Changing a Closed Period. Skipping Bank Reconciliations. Not Reconciling Loan Accounts. Overstating Revenue. Undeposited Funds on the Books. Balance Sheet Items on the Profit and Loss Statement. Over-Relying on Automation. Not Using Your Accounting Software Properly.
Fundera
JULY 26, 2020
Best Small Business Phone Systems. RingCentral : Best overall small business phone system. 8×8 : Most secure small business phone system. Phone.com : Best budget small business phone system. Grasshopper : Best small business phone system for home-based businesses. Google Voice : Best small business phone system for side hustlers. It often seems like you can’t go anywhere without your phone nowadays.
GoCardless
JULY 31, 2020
Do you still find payments, reconciliation, or forecasting a hassle in your business? With fintech, they don't have to be. We spoke with the Small Business Commissioner and Intuit to show you how.
GoCardless
JULY 31, 2020
Do you still find financing or banking a hassle in your business? With fintech, they don't have to be. We spoke with the Small Business Commissioner, Capital on Tap, and Tide to show you how.
Fundera
JULY 31, 2020
Top 14 Restaurant Marketing Ideas. Set up Google Ads. Build a stunning website. Promote your dishes on Instagram. Take advantage of direct mail. Participate in festivals. Give away samples. Seek out partnerships. Set up loyalty programs. Create business profiles. Display your awards. Participate in delivery services. Offer coupons and discounts. Engage with your reviewers.
Fundera
JULY 30, 2020
If your business sells products or services, then keeping track of sales tax is likely an important part of your business accounting operations. Most states in the U.S. charge a sales tax on products. Some assess sales taxes on services as well. Even if you don’t live in a state that charges sales taxes, if you do business with customers in other states you might be on the hook for collecting and remitting sales taxes and sales tax reports.
Fundera
JULY 26, 2020
Best Free CRM Software for Small Business. Freshsales. Agile CRM. HubSpot. Flowlu. Really Simple Systems. Apptivo. Bitrix24. Insightly. It’s tough to manage all of your customer relationships manually, especially if you’re a growing business. But customer relationship management (CRM) software can be expensive, especially if it’s priced per-user. That’s where the best free CRM software comes in: You can get many of the benefits of CRM software without the high price tag.
Fundera
JULY 25, 2020
As a small business owner, it’s natural for you to want to take care of your employees. After all, your employees are like family—and, in some cases, are family. Which means looking out for their retirement is more than simply checking a human resources box. . Obligations aside, you probably also realize that offering generous benefits to your employees is an excellent way to help them feel valued and to prevent them from looking for work elsewhere.
Fundera
JULY 21, 2020
8 Steps to Start a Bookkeeping Business. Pick your market and niche. Write a business plan. Register your business and get insured. Choose your bookkeeping software. Set up your business infrastructure. Price your services. Find your customers. Understand your funding options. Even as the nature of business changes, one job that is always in demand is bookkeeping.
Fundera
JULY 18, 2020
If you’re considering franchising , you’ll want to be familiar with the franchise disclosure document, sometimes called the franchise FDD, of the company you’re considering joining. That’s especially true if you’re getting deeper into the franchising process to the point where you’re deeply considering an investment. The franchise disclosure document is a crucial piece of the process of buying a franchise since it includes important information about the franchise as a whole, as well as your sp
Fundera
JULY 17, 2020
When you create a purchase order in QuickBooks Online, you give yourself (and others in your business) a powerful tool you can use to streamline your internal ordering, inventory management, and bookkeeping processes. Because they are non-posting entries—meaning they don’t impact your financial statements—many businesses forego the step of entering purchase orders into their accounting software.
Fundera
JULY 15, 2020
Top 5 Small Business Security Systems. Vivint. Nest Secure. ADT. Simplisafe. Frontpoint. As a small business owner, you know how much work you put into starting your business —so it’s only natural that you want to protect it. . Exactly what “protecting your business” looks like will, of course, depend on the kind of business that you own. You probably already know that you’ll need a digital security system and plan to protect your computers, phones, or other digital devices; that’s how you keep
Fundera
JULY 13, 2020
Reconciling your accounts is an important step in your business accounting process. Usually, reconciliation signals all the information in your books has been verified against an outside source, and the books are ready to be closed for the month. In other words, reconciliation is typically final. From time to time, though, it is necessary to undo reconciliation.
Fundera
JULY 11, 2020
Speed and simplicity are a small business owner’s best friend—especially when it comes to managing HR processes. But which HR software platform offers you the best of both worlds? . If you’re doing your own research, two names you’ve probably encountered are JustWorks and TriNet. Both are what’s known as professional employer organizations (PEO), meaning they can handle everything from processing payroll to administering benefits for your employees.
Fundera
JULY 10, 2020
If your business utilizes invoices to collect payment from your customers, then you know how important these documents are to your business accounting operations—and much more. Failure to invoice correctly and in a timely manner can lead to cash flow issues and lost revenue for your business. It can also put a strain on your relationships with your customers.
Fundera
JULY 2, 2020
If you have an entrepreneurial spirit but are hesitant to start a business from scratch, franchising may be the perfect solution. With a franchise, you join a proven and successful business model that offers name recognition, training, and support from the start. . One such franchise you may be interested in is the Subway franchise. Healthy, fast, delicious, affordable—there are plenty of reasons why customers love this chain.
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