Get needed financing and learn financial accounting.
With few exceptions, most businesses undergo a variety of changes that require adjustment entries. We'll show you how to rectify everything from bad debts to depreciation to keep your books organized.
A good entrepreneur has time-tested instincts, but a great entrepreneur knows analysis and instinct are the keys to smart business decisions. Discover which analyses can help you take your financial data to a new level of informed decision-making.
Preparing financial statements and using financial ratios to assess business performance are key business management tools. But be aware that there factors, including inflation and the impact of varying accounting decisions, can render them less than perfect tools.
Solvency ratios are designed to help you measure the degree of financial risk that your business faces by considering debt to equity, debt to assets, the treatment of fixed charges and other costs, and interest expense. Learn how to best apply these ratios to your business.
To gauge how your business is doing, pay attention to these key performance ratios.
If you're willing to open up ownership to the general public, an initial public offering (IPO) provides an attractive way to obtain capital without relinquishing any operational control over business activities. But as you'll find, this option isn't for everyone.
States and the federal government hold billions of dollars in property deemed abandoned by its owners. You can make your claim to any unclaimed property listed in your name.
Referencing ratios, particularly efficiency ratios, among various types of financial data can help you determine if your business is operating efficiently. Learn how to create and learn from these ratios in record time.
Because you can't know in advance the amount of bad debt you'll incur, learn how to make an allowance for potential debts.
When it comes to assessing your business, focusing on the right ratios is key. Learn which reports can reveal where business is doing great, and where there's room for improvement.
Before you agree to a major project, a proper financial analysis is a must. Find out which analyses offer the most insight for your situation.
Sometimes small business owners have to face a painful fact: You'll probably have some uncollectable debts. See which debts you're better off writing off.
Periodically prepared balance sheets are the primary financial tool for assessing the relative wealth or financial condition at a given point in time. Learn what to monitor and track to ensure your business is growing.
Objectively evaluating the financial position of your small business requires mastering several related skills, including gathering and organizing the necessary financial information about the business. Learn how you can put your analysis to work.
The tactics you will use to collect past-due accounts will vary, depending upon several factors, such as your relationship with the customer and the reason for nonpayment.
Collecting overdue accounts is, for many small business owners, the most unpleasant task of all. Learn what you'll need to track delinquent payments and, if need, use an attorney or collection agency.
Once you've decided to accept credit cards, you'll need to jump through a few hoops before getting that fancy card swiper near your register. Learn what steps to take to start taking plastic.
If you're considering or engaged in exporting or international trade, the SBA and other sources can help you secure financing. And regardless of your exporting ambitions, don't forget to tap into state and local financing.
Once you've improved your cash flow, you'll likely encounter a lovely problem: a cash surplus for your business. Before paying down debt or investing with your extra capital, learn the pros and cons of each.
Part 1 explains the ins and outs of legally maximizing your owner's draw or salary, while not running afoul of the IRS or damaging your business's cash flow.