»Business Finances
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Do Prompt Pay Discounts Make Sense for Your Small Business

Mar 26, 2014

Are prompt-pay discounts right for your business? In many cases, the return on prompt-pay discounts will be more than the return from investing money in your business.... Read More

Develop a spending plan before choosing a business credit card

Jan 18, 2013

Make sure to create a spending plan for your business before deciding upon a business credit card, as business credit cards vary greatly. It is important to know your needs before applying for the card.... Read More

Factors To Consider Before Accepting Mobile Payments

Aug 17, 2012

Mobile payments for customers with debit/credit cards are increasingly popular among small businesses. Though cash is the preferred payment method because it results in more direct profit, small business owners must consider the demographic they serve to be sure they're not missing out on a large portion of revenue from credit and debit cards that could offset the processing fees.... Read More

Will the IFRS Standards Affect Your Business?

Aug 04, 2011

Current accounting standards may change to the International Financial Reporting Standards (IFRS) in the future. Small firms that can benefit from the simpler regulations and accounting requirements should consider converting.... Read More

Maintain Earnings Through Debt Refinancing

Aug 04, 2011

If your firm is finding it difficult to pay its current debt load, debt refinancing may be a solution. It can support company operations and increase shareholder value as well.... Read More

How to Manage Small Business Accounting

Aug 04, 2011

Financial lenders, vendors, and customers use your financial statements to determine whether they should do business with you or not. Effectively managing your accounting practices will prove that your business is reliable.... Read More

Why a Small Business Should Use Accruals Based Accounting

Aug 04, 2011

Accrual accounting matches revenues and expenses in the period they occur, which usually gives a more accurate picture of a business operations. Accurate pictures of a business's operations demonstrates its credit quality and market credibility.... Read More

Should a Small Business Work with Several Banks?

Aug 04, 2011

Building many banking relationships gives businesses a better chance of obtaining financing. Once small businesses have built a large enough revenue base, it makes sense for them to use many banks.... Read More

Understanding General Liability Insurance

Aug 04, 2011

General liability insurance is critical for companies. It protects a companys assets if the company is sued for causing property damage or personal injury. Coverage depends on the company's perceived risk and its location.... Read More

Collect More of Your Accounts Receivable -- and Do It Faster

Aug 04, 2011

Collecting accounts receivable quickly can be critical to your business during times of stress. Improving the collection process will ensure your ability to collect your receivables at a faster pace.... Read More

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