Small Business Learning Center

What are Small Business Gift Card Systems?

If you're a small business owner, you know how important it is to keep your customers happy. One way to do that is by offering gift cards. Gift cards are a great way to show your appreciation to your loyal customers, and they can also help you attract new business. But setting up a gift [...]

Three Easy Steps to Opening a Business Bank Account Online

As a small business owner starting your business on the right track can be confusing.  So many different tasks that need to be accomplished before you start producing income such as getting a business license, getting an EIN, and getting a business bank account so you can keep your business and personal accounts separate.  This [...]

What Is a Factor Rate?

If you're researching business loans, you may come across the term "factor rate." What is a factor rate? In short, it's the interest rate charged on a business loan. However, unlike traditional interest rates, which are expressed as a percentage of the loan amount, factor rates are expressed as a multiplier. This means that if [...]

What is a Business Debt Schedule?

Running a business requires keeping track of a lot of information.  There are various types of debt that a business can incur and in doing so it can be cumbersome at times to keep up with all that debt.  Keeping a business debt schedule will allow business owner to better manage their debt.  This article [...]

How is an Invoice Different from a Receipt?

Small business owners are likely to have come across the terms invoice and receipt in their bookkeeping. It's possible that you already know what each term means. These terms may even be interchangeable. Small business accountants will tell you that receipts, as well as invoices, are different. Although they may contain the same information, invoices and receipts are [...]

4 Key Differences Between Short-Term and Long-Term Loans

You might discover financing options that you didn’t know existed as you search for small-business loans. Term loans are a common term among all the new information. Term loans are a common way to finance your business. Term loans are a lump amount of cash that a lender deposits directly into the business account of a borrower. The amount [...]

What is a Point-of-Sale (POS) System?

A POS system is a computerized system that records the sale of goods and services, tracks inventory levels, and manages customer data. POS systems are used in a variety of businesses, including retail stores, restaurants, and hotels. POS systems typically include a cash register, barcode scanner, receipt printer, customer display, and debit/credit card, reader. The [...]

Steps to Separate Business and Personal Finances

Although being a small business owner is rewarding, it can also be stressful. This is especially true when it comes to financing your business and maintaining the capital required to make things run smoothly. It might seem easy to apply the same principles to your business finances that you have used for years to manage your [...]

How to Choose the Right Payroll Software to Meet Your Business Needs

Choosing the right payroll software is essential to ensuring that your business runs smoothly and efficiently. There are a few key factors you should consider when choosing payroll software, such as whether the system is a fit for your business, whether it will do what you need it to do, and whether it will save [...]

The Best QuickBook Apps, Add-ons and Integrations for Accounting

QuickBooks is widely considered the gold standard when it comes to small business accounting software. And for good reason: it’s easy to use, has a ton of features, and integrates with tons of other business apps. But even the best software can be made better with the right add-ons. That’s where QuickBooks apps come in. [...]