Understanding Cash Basis vs. Accrual Accounting

December 22, 2020


As the owner of a growing business venture, you are likely aware of the importance of bookkeeping. There are a few ways to keep track of your company’s financial transactions. You can use either cash basis accounting or accrual accounting.

Each method has its merits. If you are not sure which option is best, you should consult a financial accountant. They are professionals with experience working with many enterprises, and they will know which method is best for accounting for startups and small businesses.

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Unique Tips to Be an Emotionally Unbiased Trader

December 15, 2020


The path of currency trading is full of obstacles and distractions. It often gets tough for a trader to hold himself straight on the line and face all the complications raised from the market. However, the hardest among them is to remain unbiased emotionally in the face of fear, despair, and greed.

The below-listed guidelines will surely help you with making your mind impregnable with any situation or event. After learning them all, just incorporate them into our trading style and practice them deliberately and consciously to get the best outcome.

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How Not to Worry About Equipment Financing for Your Business

December 14, 2020


No business can function without the presence of necessary equipment relevant to its niche. But not every business owner has enough finances to obtain all the required equipment for its smooth functioning.

But hang on! How are you planning to pay for those assets?

When it comes to purchasing additional assets for your business, it is hard enough to pay a hefty amount out of the savings account. But thankfully, different equipment financing programs can help you pay for those bulky assets for your business.

Equipment financing is used to cover the additional cost of the assets of your business. You can pay for literally anything by opting for an equipment financing loan structure from vehicles to large machinery.

Here are some reasons why you should consider equipment financing for your business.

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What Type of Loan is Best Suited to Grow Your Business?

November 28, 2020


If you’re looking to expand your business, having access to working capital can be the cornerstone for growth. Business loans are not just for difficult times when your business is experiencing a profit deficit. In fact, they can play a vital role in increasing your cash flow so you can fulfill the needs of your growing business and remain competitive.

Too often, small business owners use their own personal capital to invest back into their businesses. Though this can be successful, there are alternative ways to increase funding without risking your own financial stability. There are a variety of business loans designed to help you meet your financial goals: from taking out a line of credit or term loan to acquiring a business auto loan. Let’s look at some of the loan options available and how they can help grow your business.

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5 Great Reasons to Outsource Your Payroll

November 23, 2020


Research by Paychex has revealed that 25% of payroll staff are concerned that their knowledge of regulations and the legal aspects is not as up to date as it could or should be and that 23% use desktop solutions, 22% use online services. Despite the time and technicalities involved in payroll they found that only 17% would choose to outsource their payroll activities.

A simple question: Why would you NOT choose to outsource your payroll when it makes life so much less stressful and it allows you to concentrate on other core business tasks?

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4 Things You Should Splurge on for Your Startup

November 22, 2020


Getting your startup off the ground is no easy task – otherwise everyone would be doing it, right? From bootstrapping to finally getting funded, you’re used to pinching your pennies. You do things yourself and skimp corners to save a few extra dollars. While this is all in good practice, there are some things you should splurge on.

Splurging on certain aspects of your startup will offer you more convenience, better success, and will help you build a great reputation for yourself with both your customers and competitors.  Here are some of the best things you should splurge on for your startup.

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6 Crucial Tips to Manage Business Debt

November 21, 2020


Every business, no matter the industry or how long it’s been operating, involves an element of risk, and a big part of this is financial risk. While getting into debt is not necessarily a problem in and of itself (many businesses take on loans) you still need to ensure that you are managing this debt properly to stop it spiraling out of control. Otherwise, you could find that your whole company is at risk. To help you out in your task, the following blog post is all about how to manage business debt.

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Are Business Finances Scaring You?

November 18, 2020


Do you as a small business owner ever get concerned when you think about your finances? One of the biggest fears many small biz owners end up dealing with is financial struggles. While a few challenges are not uncommon, prolonged issues are nothing to take lightly. With that in mind, what about your finances should worry you?

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Should Your Business Offer White-Label Financing?

November 9, 2020


Are you looking to increase repeat business, customer loyalty, and brand recognition? White-Label financing, credit cards, and payment portals can do all of this for you and more.

This article will define the different types of white-label financial products available, describe the potential benefits of each, and give you a checklist to determine whether one or more white-label financial products would benefit your business, from the office of a noted criminal appeals lawyer in Pittsburgh.

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7 Key Moments in Bitcoin History

November 1, 2020


Bitcoin has been in existence for less than 15 years but in that short time, it has made major waves in the financial industry. This new, innovative form of digital currency has taken the world by storm and become one of the most talked-about inventions of the century.

To go from creation to possibly changing the way the world monetary system works is not only impressive but also fascinating. In just over 10 years, the lifespan of bitcoin has already been a wild ride with many ups and downs along the way. Here are seven key moments in Bitcoin history that have brought us to where the cryptocurrency is now.

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