Expense accounts are financial allowances offered to particular employees to cover business expenses. But they’re also a common place to “leak” cash, and if you’re not careful, they could be costing you.
When you’re selling products and services, the way to make money looks straightforward — Sell the item for more than you paid for it and pocket the difference. That difference, the “margin”, is what you rely on to stay in business.
Invoices, documents sent from a company to a customer or client that explains the details of a sale, are vital for many businesses. It gives you and the client a formal, written explanation of costs.
The internet has changed the way we all live. Business is increasingly conducted in a virtual world. Now there are virtual currencies to match. Of these, Bitcoin is the best-known and most successful. As it becomes more popular, businesses are starting to ask: Should I take Bitcoin? And if so… how?
There’s nothing quite like guaranteed money for your business. Whether you’re selling software as a service, subscription boxes, retainer agreements, or monthly product deliveries, recurring payments are essential to many businesses.
When you need money for your small business, it may be tempting to take a merchant cash advance, or an advance of money against your future credit card sales. Your credit card processing company (or other cash advance provider) will deposit money into your bank account, which you will then pay back through daily automatic deductions from your credit card sales.
Intuit’s QuickBooks is a popular choice for business accounting, and if you accept credit cards, you’re probably wondering how you can automatically input your sales data into QuickBooks. Contrary to popular belief, taking credit cards with QuickBooks isn’t limited to one processing company.