If you’re an established business owner or you’re thinking about starting one, then it’s time to consider getting business insurance. Here are some reasons why that's a good idea.
When applying for loans or credit of any kind, a few terms are thrown around frequently. One of these terms is APR, or annual percentage right. When applying to borrow money from any institution, you can be sure that the term APR is going to be used.
Profit and loss statements, also known as P&L statements, are a statement that is released quarterly and annually by all businesses. They are a set of documents that summarizes revenues, costs, and expenses incurred during the period that they are released for, be it a quarter or a fiscal year
Rather than paying taxes throughout the year, via an income tax, or annually like an individual, small businesses pay their taxes quarterly. Understand how the quarterly taxes system work and when they’re due.
Essentially, a hard inquiry is when a lender requests a full credit report as a part of your credit or loan application process. These inquiries help credit lenders determine the risk you pose as a borrower.
Accounts receivable, or AR, are entries on the balance sheet for your business that represent money owed to your business for goods or services. These accounts have yet to be paid on by customers and are a balance due from the client.
