February, 2019

article thumbnail

Top 11 Small Business Accounting Tips to Save You Time and Money

Fundera

Top 11 Small Business Accounting Tips. Separate business and personal expenses. Track every business expense. Accurately record income. Consider hiring a professional, even if temporarily. Automate accounting practices with accounting software. Dedicate time to update your books. Keep tabs on labor costs. Be prepared for major expenses. Maintain inventory records.

article thumbnail

Video: Can you pay by credit or debit card through GoCardless?

GoCardless

As GoCardless specialises in bank to bank payments, using Direct Debit schemes around the world, you can’t use us to process card payments. In this video, Joe Robins discusses the three main reasons why this is and how this benefits out customers.

52
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Top 11 Small Business Accounting Tips to Save You Time and Money

Fundera

Top 11 Small Business Accounting Tips. Separate business and personal expenses. Track every business expense. Accurately record income. Consider hiring a professional, even if temporarily. Automate accounting practices with accounting software. Dedicate time to update your books. Keep tabs on labor costs. Be prepared for major expenses. Maintain inventory records.

article thumbnail

Selling a Small Business: A Step-by-Step Guide

Fundera

Every small business owner pours more than long hours into their company to make it succeed. There’s plenty of tears, sacrifices, and struggles to make a small business stand on its own two feet—all of which make the decision to sell all the more complicated. Selling a small business can be a complicated process, both emotionally and logistically. You’ll have to get your organization in tip-top shape before entertaining serious offers, make sure that your financials are rock-solid, and invest a

article thumbnail

18 Business Books You Can Finish on Your Lunch Break (Infographic)

Fundera

Everyone is constantly reading. Between texts, emails, social media, and articles, that’s hundreds to thousands of words read every day. Yet the typical American has only read 4 books in the last 12 months. It can be hard in our always-on lifestyle to set aside time to read a book. Between your long commute, desk lunches, and endless responsibilities, it can be difficult to find quiet time for reading.

101
101
article thumbnail

The 6 Best Places to Advertise Your Business Online

Fundera

It may seem like a jungle out there when you start to examine all the possible places to advertise your business online, but we’re here to guide you through this crowded (and often confusing) space. No matter how small your budget or how you decide to apportion it, allotting some of your advertising spend toward web-based promotion is a smart move. According to Unbounce, people who arrive at your website via a paid advertisement are 50% more likely to buy your product than those who came from an

Default 100

More Trending

article thumbnail

An Immigrant’s Guide to Funding and Starting a Business

Fundera

Starting a business in the US is no easy feat, especially if you’re an immigrant. From overcoming language barriers to obtaining the right to legally open and operate a business on American soil, immigrant entrepreneurs certainly face their share of hardship. Despite these obstacles, immigrants still do very well in the US as business owners. According to a report by Fiscal Policy, immigrant small business owners accounted for 30% of overall small business owner growth in America between 1990 an

article thumbnail

The Best Restaurant Accounting Software for 2019

Fundera

Best Restaurant Accounting Software for 2019. Restaurant365: Best all-in-one accounting solution. QuickBooks Online: Best integrated solution. FreshBooks: Best budget option. TouchBistro: Best point of sale system with accounting functions. ZipBooks: Best free option. Running a restaurant is hard work. There are the long days and nights, staffing issues, and tons of requirements to make sure you’re in compliance with all applicable state and local laws and health codes.

article thumbnail

Stripe vs. PayPal vs. Square: Which Is Right for Your Business?

Fundera

Stripe vs. Square vs. PayPal, Summarized. Stripe is an online payment API that’s best fit for high-tech business-to-consumer ecommerce companies. PayPal offers online checkout experiences, invoicing, and in-person payments best fit for ecommerce companies that need easy online payments. Square offers POS systems, online checkout experiences, and invoicing best fit for brick-and-mortar businesses.

article thumbnail

15 Essential Accounting Tasks for Business Owners—and When to Get Them Done

Fundera

15 Essential Accounting Tasks for Business Owners. Update your financial data. Deposit cash and checks. Reconcile payments and receipts. Update inventory records. Back up your data. Pay vendors and suppliers. Review employee timesheets. Compare your month-to-date P&L to your budget. Scan documents and receipts. Review bank and credit card statements and reconciliation reports.

article thumbnail

The Best Accounting Methods for Small Business (and How to Choose)

Fundera

Accounting Methods for Small Businesses. The two primary accounting methods for small business owners are cash basis and accrual basis. In cash basis accounting, income is recorded when received and expenses are recorded when paid. In accrual basis accounting, income is recorded when earned and expenses are recorded when incurred. Any business is free to use accrual accounting.

article thumbnail

How to Find a QuickBooks ProAdvisor: A Step-by-Step Guide

Fundera

How to Find a QuickBooks ProAdvisor. To find a QuickBooks ProAdvisor for your small business, make a list of the traits you are looking for in an accountant. Then be prepared to do some internet sleuthing to find someone that matches your desired profile. You can also use the quickbooks.intuit.com/find-an-accountant/ website to find local QuickBooks ProAdvisors.

article thumbnail

How to Write and Print Checks in QuickBooks Online

Fundera

These days, you might not find yourself creating and printing checks in QuickBooks Online too often. You likely pay your bills with online banking, a business credit card, or your bookkeeper uses Bill.com to manage payables for you. That being said, sometimes it’s necessary to create and print checks in QuickBooks Online. So, in this article, I’ll walk you through how to do just that, step by step.

article thumbnail

The Best Business Rewards Credit Cards for 2019

Fundera

The Best Business Rewards Credit Cards for 2019. Best for Flat-Rate Cash Back: Capital One Spark Cash for Business. Best for Bonus Category Spending: American Express SimplyCash Plus. Best for Signup Bonus: Chase Ink Business Preferred. Best for Flat-Rate Travel Rewards: Capital One Spark Miles for Business. Best No-Fee Rewards Card: American Express Blue Business Plus.

article thumbnail

Cash Basis Accounting: Everything Business Owners Need to Know

Fundera

Cash basis accounting is preferred by many business owners—and accountants!—because it’s easy to implement, maintain, and understand. Since most businesses in the U.S. are cash basis taxpayers , it just makes sense for most small businesses to use cash basis accounting, right? Sometimes. But cash basis accounting usually only shows you part of your financial picture.

article thumbnail

QuickBooks Financial Statements: Reviewing Business Financials in QuickBooks

Fundera

How Do I Create QuickBooks Financial Statements? You can generate QuickBooks financial statements under the reports section of your QuickBooks dashboard. Prepare an up-to-date profit and loss statement, balance sheet, and statement of cash flows. You can customize the time period, and drill down into detailed information, such as what portion of your profits came up from a specific customer.

article thumbnail

Personal Guarantees: Everything You Need to Know Before Signing

Fundera

What Is a Personal Guarantee? A personal guarantee is, essentially, a legal promise by the individual business owner or owners that they will repay any outstanding business debt if the business fails to do so. If you’re applying for a small business loan , you’re likely full of optimism—as you should be! Trying to secure financing without being positive about how the money could help your business is a recipe for disaster, especially if you’re loan application includes a person

article thumbnail

How to Find a QuickBooks ProAdvisor: A Step-by-Step Guide

Fundera

How to Find a QuickBooks ProAdvisor. To find a QuickBooks ProAdvisor for your small business, make a list of the traits you are looking for in an accountant. Then be prepared to do some internet sleuthing to find someone that matches your desired profile. You can also use the quickbooks.intuit.com/find-an-accountant/ website to find local QuickBooks ProAdvisors.

article thumbnail

PayPal Small Business Review 2019

Fundera

PayPal Small Business Solutions. Payment Processing – Credit and debit card processing on web, mobile, and in-person. Payment Gateway – Accept payments with any merchant processor. Invoicing – Create and send invoices by email. Business Financing – Obtain loans specially designed for PayPal sellers. PayPal Credit – Allow customers to pay over time for goods and services.

article thumbnail

Workers Compensation Insurance for Small Business Owners

Fundera

What Is Workers Compensation Insurance? Workers compensation insurance covers medical expenses and lost wages when employees sustain work-related injuries or illnesses. Workers compensation also pays death benefits to families of employees who pass away as a result. In all states but Texas, most employers are legally required to purchase workers compensation insurance.

article thumbnail

Accrual Basis of Accounting: What Small Business Owners Need to Know

Fundera

You might have heard or read the terms “accrual basis” and “cash basis” in regards to accounting. If you ask three accountants which basis you should use for your business, you are likely to get three different answers. This is because each basis is used for different purposes, and the accountant’s answer will be colored by their perspective of how you should be using your financial statements.

article thumbnail

Invoice Factoring vs. Invoice Financing: What’s the Difference?

Fundera

Invoice Factoring vs. Invoice Financing. The main difference between invoice factoring vs. invoice financing is who collects on the business’s unpaid invoices. In invoice financing, the customer retains full control of collections. In invoice factoring, the factoring company purchases the unpaid invoices and takes over collections. In both cases, businesses are advanced around 80% of their unpaid invoices upfront, with the remaining financing (minus fees) coming after the customer has paid

article thumbnail

Can I Have 2 Business Bank Accounts?

Fundera

As a small business owner, it can be challenging to keep track of your company’s financials—be they daily cash flow concerns or long-term tax preparedness. Separating your operating cash from your long-term money needs, such as small business taxes, can be crucial for keeping your money straight. Every small business needs to start off with a business checking account , for sure, but you might also ask yourself, “Can I have two business bank accounts?

article thumbnail

Benefit Corporation vs. B Corporation: What’s the Difference?

Fundera

It is not uncommon to get benefit corporations and B corporations mixed up. These two business entities share similar names, making it easy to assume that their duties would also be similar. This is not the case when it comes to benefit corporations vs. B corporations. How can you tell benefit corporations vs. B corps apart from each other? Let’s take a look at how each entity differs from each other, and what they have in common besides similar names.

58
article thumbnail

Credit Repair Services: Best Providers and Scams to Watch out For

Fundera

Best Credit Repair Services. Best Overall: Key Credit Repair. Best Value: Sky Blue Credit. Best Expertise: Lexington Law. Best Customer Service: Credit Saint Credit Restoration. Best for Long-Term Use: The Credit People. One of the most important factors in a business loan application is your credit score. And of course, credit is equally important for personal milestones, such as buying a home or car.

article thumbnail

Invoice Factoring vs. Invoice Financing: What’s the Difference?

Fundera

Invoice Factoring vs. Invoice Financing. The main difference between invoice factoring vs. invoice financing is who collects on the business’s unpaid invoices. In invoice financing, the customer retains full control of collections. In invoice factoring, the factoring company purchases the unpaid invoices and takes over collections. In both cases, businesses are advanced around 80% of their unpaid invoices upfront, with the remaining financing (minus fees) coming after the customer has paid

article thumbnail

The Best Restaurant Accounting Software for 2019

Fundera

Best Restaurant Accounting Software for 2019. Restaurant365: Best all-in-one accounting solution. QuickBooks Online: Best integrated solution. FreshBooks: Best budget option. TouchBistro: Best point of sale system with accounting functions. ZipBooks: Best free option. Running a restaurant is hard work. There are the long days and nights, staffing issues, and tons of requirements to make sure you’re in compliance with all applicable state and local laws and health codes.

article thumbnail

On-demand webinar: How to improve your clients’ cash flow

GoCardless

Watch our webinar and learn how to help your clients improve their cash flow with tips and advice from experts at Float, GoCardless and Chaser.

52
article thumbnail

Avvo Review 2019: Pros, Cons, and Best Alternatives

Fundera

What Is Avvo? Avvo offers the largest online directory of lawyers and lawyer reviews. Avvo also has an active legal forum, where you can post a legal question for free and get a response from lawyers within a few hours. Avvo was founded by an attorney in 2006; today 97% of U.S. lawyers have an Avvo profile, and there are currently over 11.5 million questions and answers in their legal forum.

article thumbnail

Landscaping Business Loans: The Top Options

Fundera

An almost-universal truth about lawn care is that these business are very capital intensive and often require landscaping business loans to cover costs. Professional landscaping is hardly the grass-mowing chore of yore; it takes a lot more than a lawnmower and some determination to get the job done (although, true, those things help). You need tip-top equipment, a dedicated staff, and some great marketing at minimum.

article thumbnail

Zenefits Review 2019: Pricing, Features, Alternatives

Fundera

For most entrepreneurs, small business human resources management isn’t the easiest thing in the world. With tons of other work to do, few people have the time to sift through all of the complexities of managing the numerous tasks that come with onboarding employees, running payroll, selecting benefits, and timekeeping for their team. If you’re like most, you’re looking for a better way to run your small business HR operations more smoothly.