Accounting/Banking/Credit

Accounting/Banking/Credit (98)

Understanding Amortization

If you’re not familiar with accounting or financial statements for a company, just looking at them can be intimidating. Even once you’ve figured out things like gross margin, cost of goods, and cash on hand, there are other line items that will still cause you to scratch your head, like amortization.

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When Business Success Begins with Innovation in Finance

Cultivating a culture of innovation should be a top priority for every enterprise. While this may sound simple, it’s one of the most difficult accomplishments to achieve in practice. Halloran Consulting is no stranger to fostering a culture of innovation within its business. The life science regulatory, quality and clinical consulting firm has seen revenue growth of nearly 200 percent since 2014, winning a spot on Inc. 5000 list of America’s fastest-growing companies for five consecutive years and most recently awarded a digital leadership title by Ventana Research.

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What Is A Microloan?

Small businesses require financing at times, but options that exist for large corporations are not always the best for entrepreneurs. Larger than necessary loan amounts, unforgiving terms, or unrealistic payback schedules make typical business loans prohibitive for small business. However, private loans from family or friends are not ideal, either. What are the options?

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Do You Know About These 2020 Tax Changes?

Before too much time passes this year, it’s best to get a jump-start on Tax Season. Taxes are just around the corner, so learn about the new changes to 2020 taxes now to avoid any surprises. There just might be a few benefits in the new code that will positively affect you and your business, but also beware any changes that could cause problems if you are noncompliant.

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What Is A Good Loan For A Small Business?

Unless you’ve received some sort of windfall or have another source of cash, you’re going to need money to fund a new business. The easiest and most readily available source of cash is a business loan, a reasonable step to take for a start-up.

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There's More Than One Way to Crowdfund Your Business

Crowdfunding is helping many startups and small businesses get cash for their respective projects from a variety of sources. However, despite the availability of various crowdfunding sources, many people still have little knowledge on most of them which make it difficult for them to get the money they need to propel their businesses to the next level. In this article, we highlight various methods that you can use for your crowdfunding campaigns and other options of funding that can be helpful to your business.

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Small Businesses Look to Fintech to Change How They Seek Financing

The rise of artificial intelligence, big data and machine learning is changing the way small businesses are doing things. Banking institutions are in a hurry to collaborate with fintech providers to find solutions that offer small businesses an opportunity to seek financing. In countries like the United States, for example, there are more than 30 million small businesses that make up about 99% of all businesses in the country. They offer employment to millions of citizens and contribute immensely to the economy. As the gig economy continues thriving, financial institutions are seeing a booming market that can generate massive returns from small businesses.

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The Importance Of Establishing Payment Terms

Do you see yourself in the following? Your customer base is starting to increase, you’ve shipped your product on time, invoiced you customers, and now it’s time to get paid. But, wait—Did you establish payment terms? Many new businesses leave payment up to inertia, believing that payment will follow work provided, but not all customers will observe that formula. For the most part, clients and customers want to do the right thing and pay, but things happen. Sometimes, you find that exception who doesn’t pay timely or avoids payments.

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Managing Your Cash Flow

Have you ever tried to paddle a boat with no oar? Well, trying to operate a business without  proper cash flow management is like doing this. Even if you succeed, you will have faced an uphill task that is not worth it at all. Delays in paying your suppliers and employees and failing to collect cash from your customers on time can be a big issue to your business and the only way around it is to have a proper cash flow management.

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Tune up Your SMB Bookkeeping to Avoid Costly Mistakes

The combination of vision, gumption and hard work can bring small businesses to life. Keeping them going, however, can be more of a challenge, especially if management doesn't have a solid handle on financial reporting. That begins with accurate, timely and dedicated tracking of financial transactions and proper handling of various tasks that are essential for a business to thrive, such as invoicing customers, managing payroll and paying the firm's bills on time.

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