Knowing the 6 types of assets—current, non-current, tangible, intangible, operating, and non-operating—helps you list them correctly on your balance sheet.
Mastering the art of invoicing is more than just sending out bills — it’s the backbone of your small business. Without smooth cash flow and accurate financial records, everything falls apart faster than you can say “accounts payable.” By understanding the most common types of invoices, you...
A proforma invoice is a preparatory bill sent before work is finished. It details the payment just like the standard invoice would, but it’s not the official demand for cash. It only serves as an estimate of a sale, so the client can get an idea of how much the products and services...
6 types of tax deductions for small businesses There are a number of business expenses that may qualify as tax-deductible expenses. The most common categories of expenses are: Business expenses Home office expenses Travel expenses Professional development expenses Health insurance premiums Retirement plan...
Pros:Separate potential expenses for your personal and commercial vehicles Cons:Can be costly depending on the type of vehicle, what the vehicle is being used for, and the owner’s driving record Average cost:$167/month4 Eligibility:Applicable for any business that owns and uses vehicles for co...
Agility and flexibility are important for any small business where a few people have to be responsible for a wider range of solutions. Agile co-workers aren’t afraid of additional tasks even if they’re not keen on them perfectly. However, their efforts can be counterproductive that require ...
If your income and expenses are often playing cat and mouse, starting a line of credit is probably one of the best types loans you could use. It essentially works like a credit card for your business and, provided you do not exceed your limit, it could be the solution you need to ...
Offering a comprehensive employee benefits package has several advantages for small businesses and large corporations alike. First, it shows that you recognize that employees have needs beyond the workplace and that you’re invested in employees’ overall health and well-being. An example of program...
The FAFSA is the financial aid form for accessing grants, federal student loans and work-study funds. Sarah WoodNov. 20, 2024 Foreign Students and Financial Ability Each U.S. college has its own requirements for how international students can prove their ability to pay expenses. ...
Interim invoices are partial invoices that contain only a portion of the final invoice's fee to help fund the project and cover the operational expenses. Interim invoices are also used for larger, more expensive projects because the total amount can be broken down into smaller invoices to make ...