Abrigo
MARCH 9, 2017
Guest Post By Paige Chapel, President & CEO, Aeris Most banks recognize that their enterprises can only thrive if their customers also do. And to thrive, those customers need economically diverse and healthy communities in which to live and work. Partnering with local organizations to promote the health of those communities is often a top priority for banks.
Fundera
MARCH 9, 2017
Do you think financing a small business’s startup and expansion is as easy as obtaining a free grant from the government? You might (almost) be excused for believing that Uncle Sam is handing out bags of free money to anyone with two X chromosomes. In addition to late-night infomercials about government grants, dozens of articles full of misinformation about small business grants for women can be found online, full of vague terms and hazy promises like “The government offers a wide range of gran
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GoCardless
MARCH 27, 2017
The apprenticeship levy will dramatically boost work trainee numbers when it becomes law in April. Education providers can attract more employers by offering the best courses – and making paying for training both simple and painless.
Fundera
MARCH 28, 2017
When you’re a small business owner looking for the best time tracking apps, you want to make sure you choose the right one out of the gate. As your employees will also be interacting with the time tracking app, the process of implementation will be a bit more extensive than some of the other apps or software your business uses. That being said, there are a lot of great options for time tracking apps.
Fundera
MARCH 29, 2017
As a small business owner, you manage and dictate all the moving parts that make up a viable, successful business. Running a smooth operation requires that you have all your small business licenses and permits in place, a steady inflow of customers, happy employees to serve those customers, stable cash flow to keep those wheels turning, inventory stocked on the shelf….
Fundera
MARCH 13, 2017
Whether you’re just starting your business or you’re looking to get serious about a business you’ve run for quite some time now, you need a business plan. In many ways, your business plan is your map. It not only guides you and other key stakeholders as you grow your business, but it also shows investors, lenders , or potential partners where your business is going.
Credit Management Source brings together the best content for credit management professionals from the widest variety of industry thought leaders.
Fundera
MARCH 7, 2017
When you’re shopping for an expense management app, you’re going to stumble on a ton of choices. It can be difficult to understand how these apps differ and which ones are best for your business. I’ve seen and worked with a number of these apps and can honestly say three really stand out and are the only expense management apps to consider. Two of them you’ve seen when we published “ 5 Bookkeeping Apps That Will Actually Change the Way You Do Business , ” and one is new.
Fundera
MARCH 2, 2017
What does it mean to be in “good standing?” That’s compliance-speak for state-level small business regulations, and it’s more important than you might think. A “Certificate of Good Standing” indicates that your business has filed all reports and paid all the necessary taxes and fees with your state’s secretary of state office. Incorporate.com says to think of your good standing certificate “as a kind of ‘snapshot’ of your business’s compliance status.”.
Fundera
MARCH 14, 2017
Every business owner I’ve talked to who needs to hire a bookkeeper starts by asking me what, in fact, they should be asking potential candidates. What are the best bookkeeper interview questions? I love this question. If you ask the right things, you’ll be able to make the right hiring decision for your business. So, let’s assume we can move right past the obvious stuff—like “What is your experience?
Abrigo
MARCH 22, 2017
The 2017 Risk Management Summit presented by Sageworks is set for September 25-27th in Denver, CO. The Summit is the industry’s leading life-of-loan conference, spanning business development through portfolio risk management in a CECL - current expected credit loss - world. In September 2016, more than 240 bankers and industry experts from both community banks and credit unions attended the Risk Management Summit in Austin, Texas.
Fundera
MARCH 30, 2017
America is home to 11.3 million female-owned businesses that employ more than 9 million workers and generate over $1.6 trillion in revenue for the economy. Women are now the majority owners of 38% of the country’s businesses—up from 29% in 2007. While these statistics show that great strides have been made for women entrepreneurs, there’s still plenty of work to be done.
Fundera
MARCH 2, 2017
Firing an employee is one of the difficult tasks a small business owner will eventually have to deal with. Not only does a termination affect the employee’s career, self-esteem, and livelihood, losing an employee also affects other workers, their assignments, and the overall morale of your team. In effect, letting an employee go is a sensitive issue, and a situation that entrepreneurs should handle with absolute care.
Fundera
MARCH 16, 2017
In many ways, a business loan can be a savior for an entrepreneur who needs financing. Small business loans can help you get out of a cash crunch, purchase game-changing (but expensive) equipment for your business, or help you seize an opportunity that will move the needle for your business. While debt financing is an important resource for small business owners, small business loans need to be handled with the utmost care—they can have a huge positive or negative impact on your business’s finan
Fundera
MARCH 31, 2017
The IRS tax code is complicated—many small businesses struggle to understand how their tax liability is determined. While understanding how the small business tax rate is calculated and applied can seem overwhelming to any business owner, getting some basics down can help you while making decisions and working with your tax professional. This guide breaks down the types of federal taxes your business may be subject to, how these taxes are applied to different types of business types, and the dif
Fundera
MARCH 17, 2017
It’s almost April 18th. Have you filed your small business taxes yet? The Small Business Administration reports that there are 28 million small businesses in the U.S. , 22 million of which are “nonemployer” businesses made up of a solo entrepreneur. These small businesses run the gamut from indie retailers to consultants, from local restaurants to auto shops, and more.
Fundera
MARCH 3, 2017
You have a stable business growing at a moderate pace. Suddenly, there’s an opportunity that could propel it to the next level. Maybe it’s a huge order from a retail giant or a lucrative contract with a major manufacturer. You jump at the chance, but then you face a dilemma: It usually takes 60 days for this new customer to pay its vendors, sometimes longer.
Fundera
MARCH 27, 2017
You might have a handle on how your personal credit card works… But do you know the ins-and-outs of business credit cards ? Take this quiz to see how your business credit card knowledge stacks up. See Your Business Credit Card Options. The post Are You a Business Credit Card Pro? Take This Quiz to Find Out appeared first on Fundera Ledger.
Fundera
MARCH 1, 2017
Let’s take the banks out of it—which Visa business credit cards top the list? Whether you’re looking for travel perks, excellent rewards on everyday office purchases, 0% intro APR, or a way to build credit, Visa’s got you covered. We’re breaking down the many benefits Visa offers and reviewing the best Visa business credit cards of 2017. Best for travel rewards: Ink Business Preferred SM.
Abrigo
MARCH 30, 2017
Sageworks User Groups provide an increasingly rare opportunity to be in a room full of peers, industry experts and staff from a critical vendor. The intersection of these groups allows for three distinct and valuable learning experiences. The quality of these face-to-face interactions at User Groups is impossible to replicate with a video or phone conference; specifically, these interactions consist of interactive industry discussions, learning from peer experiences and gaining actionable.
Abrigo
MARCH 29, 2017
Jackie McLaughlin, CPA, started her career in a Big 4 public accounting firm. Since leaving public accounting, she has been an internal auditor, a tax preparer and a controller. She's also done forensic accounting and has written extensively on the accounting field. Currently, in addition to serving as the controller for a large heavy equipment company, she instructs all four parts of the Becker CPA Exam Review and serves as a course reviewer for The National Association of State Boards of Accou
Abrigo
MARCH 23, 2017
If the thought of finding your next valuation client causes a jump in your blood pressure, you’re not alone. Attracting new clients is a common challenge for valuation professionals. Unlike traditional accounting services (such as tax preparation and audits) that some clients need each year, valuations are often performed to meet a one-time need triggered by situations such as a shareholder dispute, a divorce settlement or a bankruptcy.
Abrigo
MARCH 23, 2017
By Jackie McLaughlin, CPA. With the increased availability of useful data, analytical review procedures are becoming more important during the audit process. The processes provide a number of benefits to help CPAs reduce risk and increase audit efficiency. Additionally they provide opportunities for CPAs to become even better at what they do. For example, greater emphasis on analytics encourages and almost demands that the auditor improve the quality of their professional judgment and skepticism
Abrigo
MARCH 17, 2017
A chief benefit of technology is that it enables accountants and other business advisors to do more work in less time. However, as author/speaker/consultant and “futurist” Daniel Burrus has noted, a negative byproduct for service professionals utilizing time-based billing is that technology can lead to reduced income. That is, professionals billing on an hourly rate will see income decline if the time required for the work shrinks, thanks to technology.
Abrigo
MARCH 16, 2017
A robust Risk ratings system is a crucial component of any financial institution's credit risk management process. Risk ratings are multi-purpose, useful in pricing loans, stress testing the portfolio or individual customers, and determining appropriate reserve for the allowance. As an important component in your risk management strategy, it's smart to take some time every once in while to perform a "check up" for your process for calculating risk ratings, to ensure that your risk rating process
Abrigo
MARCH 15, 2017
The FASBs Current Expected Credit Loss (CECL) model presents unique challenges for banking professionals. Even though the full effects of the guidance are still years away from being felt, industry experts have been adamant that financial institutions begin their preparations today. To help institutions prepare, Sageworks has launched a CECL webinar series covering data, segmentation, methodology and forecasting requirements broken down by loan pool-type.
Abrigo
MARCH 10, 2017
Business valuation specialists live within the tension of running an efficient practice and limiting exposure to professional liability claims. Standards, such as the AICPA’s SSVS No. 1 (Statement on Standards for Valuations Services No. 1) provide guidance on best practices that can help professionals avoid liability while performing valuation services.
Abrigo
MARCH 7, 2017
The Debt Service Coverage Ratio (DSCR) is an important measure in understanding a borrower’s ability to make payments on their current debt, as well as potential additional debt, so mastering this calculation is crucial to lending decisions. There are several ways to calculate this ratio, so familiarize yourself with the following approaches: 1. Perhaps the most traditional calculation for DSCR, this formula divides cash flow by debt service: DSCR = Net Operating Income / Total Debt Service wher
Abrigo
MARCH 6, 2017
The ABA has a new report out on how banks are using social media, and much of the report focuses on using Twitter, Facebook, LinkedIn and the like to boost customer service, make connections in the community and recruit staff. Other advisors and trade groups have written plenty on how bankers should not behave on social media, describing some of the risks involved in unmonitored activity.
Fundera
MARCH 1, 2017
As a small business bookkeeper, I can’t think of an industry that would need to install QuickBooks Desktop anymore. In 2017, unless your small business resides in a part of the world without internet access, regardless of your niche, QuickBooks Online is the solution to go with out of the two choices. The biggest plus is the QuickBooks Online ecosystem, with QuickBooks Online as the hub.
Fundera
MARCH 20, 2017
For nearly as long as there’s been people, there’s been trade. In the long history of humanity, when we aren’t at war, we’ve been interested in buying and selling various goods from each other. Imports and exports are how the potato came to Ireland, and in a more modern sense it’s how we’re able to buy food, drinks, furniture, clothes, and nearly everything else, from all around the world today.
Fundera
MARCH 16, 2017
For every state or commonwealth within the United States, the state’s office of the secretary of state is responsible for maintaining the database of all business entities registered in that state. Basic information from this database is a matter of public record, which can prove very useful for citizens, business owners, and aspiring entrepreneurs looking for information about a particular business.
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