If you are a small business owner, you need to know how to create an invoice. They are essential to helping your business generate income and are also convenient to pay bills as well. Whether you are new to the business world or not, knowing how to create a professional invoice will make you feel comfortable sending them to your clients. Today we will show you what your invoices need so you can improve the overall financial management of your small business.
Bridge loans are a type of short-term financing that is used to help tide over a business during a time where they lack cash. These funds are quickly provided and act on a time-sensitive opportunity or sustain the business. Depending on the lender, the borrower can secure the funds in one day. Bridge loans can be repaid in months or up to 2 years and have flexible terms. Borrowers can pay off the loan before or at maturity therefore many small businesses find this type of loan idea because they are free of prepayment penalties.
If your small business needs a commercial vehicle but you are lacking the cash, you can apply for a commercial vehicle loan. Certain businesses need to buy vehicles to complete work-related operations such as transporting employees, completing jobs, and more. Read on to find out everything you need to know about commercial vehicle loans as well as some pros and cons to help you decide if it is the best option for you.
There are two types of accounting methods for leases and they are a capital lease and operating lease. Leasing is different than buying and when you buy a business asset like a vehicle, you are buying an asset. Leasing is when you have an expense to use the asset, but you do not own it. Capital leases are considered the same as a purchase. Operating leases cover the use of vehicle or assets for a certain period of time. In this article we will discuss the difference between capital and operating leases and how your lease terms can impact your business.
As any business starts to grow, it is important to measure aspects of the business to ensure growth and profitability. One tool you can use to do this is calculating the gross profit margin and this should be done regularly. Gross profit margin is also referred to as gross profit or gross margin which measures your revenue against your cost of goods sold.
When you are starting your business or changing its structure, a common question to ask yourself is if you want to be an S corporation or C corporation. This is a very important step to take in your business because it implies how much you will pay for taxes, your ability to raise money, and how easy it will be to expand your business. We will review the differences between S corp and C corp structures to help you make the best decision for your business.
You are probably familiar with a FICO score and how important it is to stay on top of your credit. You may not be as familiar with a PAYDEX score or what it means for your business. A PAYDEX score can affect your chances of getting the best rates from your creditors. The score rates the likelihood that a business will make payments to suppliers/vendors in a timely manner. We will dive deeper into what a PAYDEX score is and how they affect the credit of your company.
Whether or not you plan to sell your business, you still need to know its value. Knowing the worth of your business and calculating the value is easy. Today we will cover the basics of small business valuation, the methods and how to use them to find out how much your business is worth.
If you have looked at your business credit report, you may have seen something called a UCC filing statement and it might be affecting your business credit score. It is important for business owners to understand what they are because if you do not, it can lead to issues down the road when you are trying to secure approval for credit.