Top 10 Bookkeeping Mistakes by Small Businesses
From one-person entities to major corporations, bookkeeping is a significant part of any business endeavor. While it is typically not one of the more glamorous jobs, bookkeeping is at the heart of a company's success, and errors can cost the company significantly. Below are 10 of the most... |
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Take Advantage of Home Business Tax Breaks
Running a business out of your home has many advantages: no commute, you can dress how you want (well, most of the time), easy access to your kids, etc. One extra advantage of a sideline home-based business is that you often qualify for extra tax breaks.
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Five Sources of Quick Cash
During the current recession, many businesses could use a little more cash…and fast. Here are five quick & practical ways to get the cash you need in a tight credit market.
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Basic Bookkeeping Tips
For many small businesses, the most common bookkeeping errors are also the easiest to fix. Use these six tips to help keep your business on sound financial footing.
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How to Choose a Cash Advance Provider
Taking the time to choose the right business cash advance provider can be tough–especially if your business needs cash immediately. Don’t make the mistake of rushing into a cash advance transaction with the first company you’re approved by–shopping around can give you... |
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Top 10 Account Collection Mistakes
It would be wonderful if everyone simply paid their invoices immediately. However, in business, you need to diligently collect and follow up on accounts. Here are some of the common mistakes that can slow down and hinder the process.
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What Information Should My Invoices Include?
Your invoices may be the most important documents in your business; without them, you won't be paid. Your invoices should always include the following information:
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Collections: How to Get What's Coming to You
Many entrepreneurs are challenged—even intimidated—by the prospect of collecting what is owed to them, partly because most don’t like being confrontational and partly because they are afraid to find out they’ve been had. In spite of this discomfort or fear, however, you... |
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Getting Paid: The Waiting Game
We all need to keep the cash flowing so we can run and grow our businesses. But, for many entrepreneurs, money is still hard to come by. And I don’t mean investment capital; it’s become a waiting game just to collect money that’s due us.
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Balance Sheet Projection Template
Projecting your balance sheet can be quite a complex accounting problem, but that does not mean you need to be a professional accountant to do it or to benefit from the exercise. The desired result is not a perfect forecast, but rather a thoughtful plan detailing what additional resources will be... |
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