Your Virtual Credit Manager

OCTOBER 25, 2022

Your Virtual Credit Manager is available to answer your remittance processing questions and help you find the best solution for your circumstances. Most ERP or accounting software systems have auto-cash capabilities. “Bolt-on” software applications are also available to facilitate automated remittance processing.

Credit and Collections 130

Credit and Collections Accounts Receivable (AR) Cash Applicator Deductions 130

Gaviti

APRIL 3, 2024

Accounting operations managers use DSO to calculate the general ability of a company to collect invoices on time for a specific period (e.g. Instead of managers focusing solely on days sales outstanding, it should be taken into account with other metrics related to the accounts receivable process. monthly, quarterly or annually).

DSO 52

DSO Days Sales Outstanding Credit and Collections Collection Effectiveness Index 52

NorthOne

JUNE 8, 2023

As a salon owner, your financial transactions may include service and product sales, payroll and employee expenses, inventory and supplies costs, rent, and other various expenditures. Reliable financial records help to identify profitable service and product lines, curb overspending, and make informed decisions regarding future investments.

Deductions 52

Deductions Transactions Small Businesses 52

Due

JUNE 19, 2023

The federal government allows you to take a home office tax deduction as long as you meet all its specific requirements. First of all, they’ll ensure you don’t miss any deductions. Secondly, you’ll need to offer up those receipts if you’re ever asked to present proof of the expenses you’re deducting. Invest in AI-based software.

Deductions 72

Deductions Small Businesses 72

Waystar

MARCH 21, 2023

Download the eBook to learn 7 steps for maximizing your healthcare RCM software. This tool may be available through a payer portal, a payment monitoring system, or as a standalone software product. Point-of-service collections in healthcare tip: 2. Can’t wait for a new blog each week?

Credit and Collections 98

Credit and Collections Deductions Transactions 98

Emagia

JULY 3, 2023

By automating and improving the process of matching incoming payments with open invoices, automated cash application software has completely changed how firms handle their cash flow. What is Cash Application Software? Consider using cash application software and AR automation to simplify this procedure and reduce manual labor.

Automated Cash Application 52

Automated Cash Application Cash Applicator Days Sales Outstanding AR Automation 52

Emagia

FEBRUARY 5, 2023

Cash flow management is one of the key areas that benefit from AI and ML-powered capabilities of automated AR tool, with a better predictability about which customers will be paying on time and which accounts will likely be missing their payments. The process can get more cumbersome if deductions are involved.

AR Automation 52

AR Automation Days Sales Outstanding DSO Credit and Collections 52

Gaviti

MARCH 3, 2024

RPA use cases in finance include invoice processing, bank reconciliation, accounts payable and receivable, payroll processing and credit and risk management. As organizations grow, a streamlined A/R process helps to manage the increased number of customers and invoices. A/R management and automation. It’s scalable.

DSO 52

DSO Credit and Collections Days Sales Outstanding Cash Applicator 52

Lendio

JANUARY 9, 2024

Managing an inventory is complicated enough with a traditional store-front, but it’s usually even more challenging in e-commerce. Speaking of sales taxes, managing them is another significant accounting task for e-commerce businesses. Here are the primary accounting tasks you’ll need to manage or outsource to an expert.

Credit and Collections 52

Credit and Collections Transactions Deductions Small Businesses 52

Waystar

JANUARY 30, 2024

And doing it right can have positive implications on other top priorities, like cost management, labor productivity, and the well-being of your workforce. For your healthcare organization, helping patients understand their financial responsibility up front — and the options to pay for it — should be a top priority.

Deductions 52

Deductions 52

Credibly

FEBRUARY 16, 2023

Administration: If you hire an external consultant, their fee is deducted from your gross revenue. Technology: This would include any software subscriptions or licenses. Interest payments: Note that you would only deduct your interest payments to calculate net revenue. Typically, computers would be listed under supplies.

Deductions 73

Deductions Credit and Collections Small Businesses 73

Waystar

MARCH 21, 2023

Download the eBook to learn 7 steps for maximizing your healthcare RCM software. This tool may be available through a payer portal, a payment monitoring system, or as a standalone software product. Point-of-service collections in healthcare tip: 2. Can’t wait for a new blog each week?

Credit and Collections 52

Credit and Collections Deductions Transactions 52

Fundera

MAY 13, 2019

Best Free Payroll Software for Small Business. Wave Payroll also provides customers with an accounting, invoicing, and expense management platform, but you will have to pay a small monthly fee to use it. Few business owners enjoy doing payroll, and even fewer want to pay for the software needed to run payroll.

Deductions 62

Deductions Small Businesses Credit Card Payments Transactions 62

Fundera

MAY 6, 2020

That’s where payroll software can be a huge relief. But with so many different providers of payroll software out there, it can be hard to pick the best one for your business. . As you research your options, you’re likely to come across some of the biggest names in the payroll software business: Intuit and Paychex.

Deductions 52

Deductions Small Businesses Transactions 52

Fundera

JUNE 5, 2020

TriNet is a legacy professional employer organization with a comprehensive array of tools to help you manage everything from HR and payroll to benefits administration and expense management. Both organizations are worth your consideration, as they have lots of experience managing HR-related tasks for small businesses.

Dashboards 52

Dashboards Deductions Small Businesses 52

Fundera

MAY 10, 2020

The Top 5 Retail Accounting Software Solutions. Zoho Books : Best for bundling retail accounting software with other business tools from the same provider. Wave: Best free accounting software for small retail businesses. Wave: Best free accounting software for small retail businesses. What Is Retail Accounting Software?

Credit and Collections 69

Credit and Collections Dashboards Deductions Transactions 69

tillful

DECEMBER 1, 2022

Gross profit margin takes into consideration the cost of goods sold (COGS), which includes items such as raw materials, labor to produce specific products, and factory overhead expenses relating directly to the products. Operating profit margin takes it a step further by deducting both COGS and operating expenses (OPEX).

Deductions 40

Deductions Small Businesses 40

Due

OCTOBER 29, 2023

Here are a few ways to transform your small business into a passive income machine: License Your Intellectual Property Do you have proprietary products, software, or technology? For example, you could license your software as a service (SaaS) product to other businesses in exchange for 5% in royalties.

Small Businesses 52

Small Businesses Brokerages Deductions 52

Fundera

APRIL 10, 2020

You’ve likely heard of both Square and Intuit QuickBooks before in the payment processing and accounting spaces, respectively, but what you may not have realized is that both companies provide payroll software for small businesses as well. . If you’re looking to streamline your payroll processes , finding the right software is key.

Deductions 52

Deductions Small Businesses 52

MNS Credit Management Group

MAY 2, 2022

Keeping track of your accounts receivable can be made easier with communication, internal workflows, documentation, and accounting software. This article is written for small business owners who want to learn how to manage their accounts receivable and client invoice payments. > Increased Productivity.

Credit and Collections 52

Credit and Collections Deductions Debt Collections Credit Management 52

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? . Payroll administration, HR, benefits administration, expense management, time tracking and scheduling. Manage tax filings. Quote-based.

Dashboards 52

Dashboards Deductions Small Businesses 52

tillful

FEBRUARY 14, 2023

You can do so manually or automatically with the help of a software program like Quickbooks or Wave (find more tech recommendations below). Invoice management : While many of the tools above will help you track invoices and drive collections, you may not need the other accounting features. Finances, however, aren’t stagnant.

Credit Scoring 52

Credit Scoring Credit and Collections Deductions Transactions 52

Fundera

JUNE 29, 2019

But beyond offering full-service payroll and accounting solutions, CheckMark Payroll provides comprehensive business-management tools that can help save busy SMB owners time, energy, and anxiety about maintaining compliance across their payroll, accounting, HR, and labor-management processes. Other CheckMark Payroll Products.

Deductions 40

Deductions Small Businesses 40

Due

SEPTEMBER 6, 2023

Tax deductions are available for contributions to traditional IRAs, and earnings are deferred until they become taxable. Tax-deductible contributions and tax-deferred earnings are two advantages of a traditional 401(k). Tracking your spending can be done using a variety of free and paid applications and software. Tax treatment.

Deductions 52

Deductions 52

Fundera

NOVEMBER 18, 2018

You can find most of the information you need to complete your Schedule C tax form on the profit and loss statement or income statement from your bookkeeping software. If you use your personal vehicle for your business, you must keep mileage records to deduct the expenses for the business use of your vehicle. Mileage records.

Deductions 59

Deductions Small Businesses 59

Lendio

JANUARY 25, 2023

Yet one of your most important duties as a small business owner is managing your company’s finances. Those cash flow issues are often symptoms of deeper financial issues that stem from poorly managed business finances in a number of different areas. Read on for 11 tips to help you manage your small business finances.

Small Businesses 52

Small Businesses Credit Scoring Deductions Credit Application 52

Due

FEBRUARY 13, 2023

In addition to developing important life skills, like time management and organization, they will also learn how to manage their time. When people believe that a product will help a child achieve a certain objective, they will purchase it from them. Writing reviews for companies or promoting their products can earn money.

Deductions 122

Deductions Transactions 122

Fundera

JULY 9, 2018

You can find most of the information you need to complete your Schedule C tax form on the Profit and Loss or Income Statement from your bookkeeping software. Conduct an annual physical inventory in your business to validate the information in your point of sale or other inventory management software before completing your Schedule C.

Deductions 59

Deductions Small Businesses 59

Fundera

NOVEMBER 18, 2018

You can find most of the information you need to complete your Schedule C tax form on the profit and loss statement or income statement from your bookkeeping software. If you use your personal vehicle for your business, you must keep mileage records to deduct the expenses for the business use of your vehicle. Mileage records.

Deductions 55

Deductions Small Businesses 55

Fundera

OCTOBER 2, 2019

Managing your money – creating a budget, running financial reports, tracking expenses, paying bills, and more. Managing your time – understanding how you spend your time each day and if it can be done more efficiently. Business Problem 1: Managing Your Money. Install business accounting software.

Small Businesses 107

Small Businesses Credit Scoring Deductions 107

Fundera

AUGUST 21, 2018

The Problem: Managing Your Money. Install business accounting software. That’s why more and more small business owners are looking to online accounting softwares like QuickBooks and FreshBooks for support. Even better than solely relying on your business accounting software to keep your books in order? Know your options.

Small Businesses 107

Small Businesses Credit Scoring Deductions 107

Fundera

APRIL 9, 2019

Sage Payroll is a cloud-based software that provides payroll services for businesses of all sizes. Sage Payroll Services offers additional beneficial capabilities for businesses like tax filing, accounting integration, and HR data management. At its core, Sage Payroll allows you to efficiently manage and automate your payroll process.

Deductions 40

Deductions Small Businesses 40

Fundera

MARCH 5, 2020

Luckily, if you’re looking for a way to streamline some of your HR processes, you can invest in an automated payroll service that will help you (or your team) manage essential payroll tasks—from setting up direct deposit to preparing your taxes. . Software subscription includes access to dedicated mobile app for iOS or Android.

Small Businesses 96

Small Businesses Deductions 96

Fundera

MAY 31, 2020

Managing your small business’s payroll can be a challenge for even the most financially savvy entrepreneur. Among these two options are Paycor and Paylocity —payroll software options that can handle the tricky (and time-sucking) elements of handling how your employees get paid. Paycor vs. Paylocity: At a Glance. Paycor Overview.

Small Businesses 52

Small Businesses Deductions 52

Fundera

MARCH 22, 2020

To help you stay on top of payroll, free up your time, and reduce the likelihood of error, you may want to consider payroll software. Payroll software automates the process of paying your employees. 300+ across 20 product categories. W-2 and 1099 management. Plus, most systems also offer other HR-related tools, as well.

Dashboards 52

Dashboards Deductions Small Businesses 52

Fundera

JANUARY 28, 2019

For these reasons, it makes a lot of sense to find a good payroll software service provider to help you manage your payroll. Payroll software is capable of automating a lot of the tasks required for payroll, including calculating payments, withholding taxes, and depositing wages into your employees’ bank accounts. Payroll Tax.

Deductions 40

Deductions Credit and Collections Dashboards Small Businesses 40

Fundera

FEBRUARY 25, 2020

In the world of small business accounting software, QuickBooks is in a league of its own. After all, your POS is where your sales happen, so it makes sense that it should work in lockstep with your accounting software. If you’re in the market for POS software that integrates with QuickBooks, you have options. Square POS.

Transactions 52

Transactions Dashboards Deductions Small Businesses 52