Author: Rachel M
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13 Bookkeeper Software Features Your Small Business Needs
You want to take care of your business’s bookkeeping yourself. That’s great! You’re not the only one: over 64% of small business owners turn to bookkeeper software. But with so many different options out there, it can feel overwhelming to determine which accounting software is the right fit for your small business. To save time…
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Why Is a Business Plan Important? (+ How to Create One)
A business plan is not something you create just for the sake of creating it—it’s a key factor in your company’s success. According to a SCORE survey, the next biggest source of support for small business owners just starting out—behind their friends and family—is having a solid business plan in place. Aside box: What is…
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What does Net 30 Mean? A payment terms guide for small businesses
If you’re a business owner waiting on payments, you’re not alone. According to a 2021 Melio survey, over 50% of entrepreneurs have gotten paid late before. With bills to pay to keep your small business afloat, chasing down payments is stressful. Encourage on-time payments by adopting Net 30 terms. This period gives clients a reasonable…
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What Is the Net Cash Flow Formula? (+ an Example of How It Works)
How do you know if your small business is financially healthy? One clear sign is it’s making more money than it’s spending. This accounting metric is most commonly referred to as cash flow. According to a recent Facebook study, 33% of small businesses cited cash flow constraints as one of the greatest near-term challenges they…
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Bookkeeping for Freelancers: A 2022 Guide
The term “freelancer” was originally used to describe a medieval mercenary whose lance wasn’t sworn to the service of one lord. And while they’re no longer hired assassins, freelancers are still “killing it.” According to Payoneer, a freelancer’s average hourly wage in 2022 was about $28, almost double the national average. While freelancing may improve…
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New Neat Capabilities Provide Small Business Owners Enhanced All-in-One Platform for Financial Management
Enhanced Mobile App and Reporting Tools Among New Advantages for Small Businesses Managing Their Own Books PHILADELPHIA (May 4, 2022) – The Neat Company, a leader in small business bookkeeping automation and document management, has added new capabilities to its financial management platform. Neat now gives small business owners even more options with respect to exporting…
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11 Accounting Formulas Small Business Owners Need to Know
If you’re a small business owner who likes to do their own bookkeeping, you’re not alone. According to a recent report by Clutch, a majority of small businesses (62%) prefer to do their accounting in-house. Luckily, you don’t have to be an accountant to assess your business’ financials. Use these tried-and-true accounting formulas to quickly…
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How to ask for payment politely and professionally (with samples)
Imagine you’re a site designer, and an online learning platform hires you to create a landing page for their latest course. You email the company an invoice, and your point of contact tells you to move forward on the project. You promptly deliver the landing page, the platform publishes it…but you’re still waiting and wondering…
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How to File Independent Contractor Taxes 2022
Disclaimer: This blog post is intended to provide generalized information designed to educate a broad segment of the public. It’s not personalized tax, investment, legal, or other business or professional advice. If you have questions, speak with a qualified professional. Every month, employers all over the US withhold taxes from their employees’ paychecks. But for…
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Free Independent Contractor Expense Spreadsheet
Have you ever struggled to manage your financials as an independent contractor? If the answer is yes, you’re not alone. According to Freelancer Map’s 2021 study, 25% of freelancers consider accounting one of the greatest challenges of self-employment. 21% also said that trying to do their own accounting was one of the biggest beginner mistakes…