Accounting & Budgeting

Financial Strategies for Nonprofit Organizations

Financial stability is a critical component of any successful business. It means more than just generating revenue—it means a balanced financial picture that indicates a business can continue to meet its directive and its budget. This is true for both for-profit and not-for-profit businesses. The goal of for-profit companies is to maximize profit. In general, …

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Are You Micromanaging Your Company’s Financial Tasks?

There are aspects of running a business many entrepreneurs would prefer to avoid, but they have to be done by someone. For example, 86% of small business owners take on at least one financial activity for their small businesses, according to a recent survey from QuickBooks and Kelton Global. Most (80%) business owners do this because …

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What Happens When You Hire a Collection Agency for Your Small Business?

By Dean Kaplan You have an overdue invoice and a client who won’t pay. The client is either not taking your calls anymore or you’re getting a lot of excuses. It may be time to call in a collection agency. Before sending a customer to collections, you should know what a collection agency is going …

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Today’s ‘Net Terms’ Economy Hits Small Businesses and B2B Companies Hardest

Welcome to the Net Terms Economy. This “buy now, pay later” environment is not the most hospitable place for small business owners, and yet, we’re stuck here in a world that can negatively impact our businesses, our industries, and America’s economy. Explaining the Net Terms Economy Living in the Net Terms Economy means waiting to …

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7 Big Changes That Could Impact the Way You Do Payroll This Year

Payroll penalties are severe, my friends. And these penalties impact employers who accidentally make mistakes. That’s why it’s important to know about changes to payroll laws and tax rates beforehand. Here are seven upcoming 2020 payroll changes you should familiarize yourself with before the year comes to a close—and going into the new year. 1. …

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5 Simple Ways to Improve Your E-Commerce Accounting Practices

By Vinnie Fisher Accounting is one of the most important components of the e-commerce business cycle. By keeping accurate books and paying close attention to your business’s financial situation, you will be able to operate more efficiently and achieve your long-term goals. This may not be the most exciting part of running a digital business, …

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