How can you be sure that you’re paying your employees correctly and not making unintentional mistakes? Once you’ve finished reading our quick guide to effectively using the TriNet Overtime Calculator, you’ll be answering overtime questions with confidence. Qualifying for overtime…
Identify the specific invoices you want to finance and the financing you require. Determine your immediate cash flow needs and how invoice financing can help. The structure of merchant cash advances can be more complex than invoice financing, and often…
This percentage can vary but often falls between 70–90% for accounts receivable and 50–70% for inventory. This cash gives the company enough working capital, whether they need to manage payroll, buy inventory, pay vendors, or pay a bill. Aware…
To this end, some companies allow you to connect your business’s accounting software, as well as other tools, to their platform so that they can more easily evaluate your qualifications. Invoice financing can be expensive, with fees typically ranging from…
Yet, as with any financial decision, it’s crucial to weigh the pros and cons. Invoice financing provides immediate benefits, but you need to understand its costs and implications. You also need to be clear on the different types of…
Small businesses, including online businesses, usually make quarterly estimated federal tax payments if they expect to owe more than $1,000 for the year. Late payment or underpayment of estimated taxes can result in fines and interest charges on overdue taxes.…
A business’s cash flow indicates liquidity—how much money there is to immediately pay expenses. Many small businesses fail because they don’t produce enough cash flow. Small business owners, particularly ecommerce businesses that operate in many states, may want to consult…
At the same time, businesses need to make sure they pay their own bills on time to avoid late fees and maintain a solid reputation. These expenses that accounting for architects haven’t been paid yet are categorized as accounts payable.…
For digital records, QuickBooks allows you to easily delete or condense historic transaction data to save you storage space and secure sensitive financial information. While accounting encompasses these data-gathering duties, this field also tends to involve analyzing the numbers and…
With a Pro Plan subscription, you can connect your bank account with Wave and automatically import your transactions. Bank data connections are read-only cash flow from financing activities and use 256-bit encryption. Servers are housed under physical and electronic protection.…
