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What Is Bookkeeping? A Small Business Owner’s Guide

Fundera

One of the first challenges new business owners face is managing their business’s bookkeeping. Not only is solid bookkeeping required to file your tax returns each year, but it is also necessary to have the financial information you need to make sound business decisions. What, exactly, is bookkeeping?

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Bookkeeping 101: What are Liabilities?

Lendio

Balance sheets make up the core of bookkeeping. These financial records track every credit or debit for your business, noting them under assets and liabilities. Assets refer to anything that is useful or has value to the business (like cash on hand or inventory ). Liabilities are used to acquire assets for your business.

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4 Considerations to Make Before Selling Your Company in This Economy

Due

For small businesses, the outlook has been especially optimistic as the lower middle market has been one of the busiest areas for acquisition activity despite the slowdown in larger corporate deals. High-Interest Rates May Affect Selling Your Company Buyers typically line up financing via outside lenders when a business is sold.

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Financial Freedom for Small Business Owners: A New Era of Accounting Solutions

Due

Did you know that over 50% of small businesses fail in the first five years? In most cases, a lack of financial freedom is the main reason these businesses fail. Small business owners face various challenges in managing their finances, from bookkeeping and accounting to tax compliance and cash flow management.

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Divide and Conquer Your Past Due AR

Your Virtual Credit Manager

Please feel free to share this newsletter with your small business customers. Then, by simply eye-balling the list you should have no problem identifying the cut-off points between large and medium as well as medium and small. How do you determine which customer types merit which collection protocols?

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How AI Can Propel Small Businesses into the Future

Lendio

A significant 23% of small businesses surveyed use artificial intelligence (AI) with 39% stating they plan to adopt AI. Small businesses are finding innovative ways to harness AI’s abilities, from streamlining marketing efforts and enhancing customer communication to optimizing inventory management.

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Introducing Modern Cash Flow Solutions to Small Business Clients

ForwardAI

Read more in our comprehensive guide for accountants, bookkeepers, and financial advisors. Worried about the state of your small business clients’ cash flow? In our annual comprehensive guide, we cover topics vital to keeping small business clients’ cash flow healthy. Download Now. Sign Up Now.