Government Business Regulation: Important Government Regulations on Business You Must Know

Government Laws for Businesses: Important Government Regulations on Business You Must Know

ByGarrick Berry Updated on Max 17 min read

Importance of Government Regulations All companies must adhere to federal, state, and local statutes, necessitating government regulations on business. Regulatory bodies enforce these regulations at the legislative level. Some of these regulations impact how a company reports their income or pays taxes, while others regulate how they dispose of their excess materials or waste. Regulations…

Banking 101: A Guide to Debit and Credit Card Processing Fees
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10 Different Types of Debit Card Processing Fees

ByMason Fairbank Updated on Max 13 min read

What are debit card processing fees? Debit card processing fees refer to the fees charged by payment processors, banks, and card companies (Visa, Mastercard, etc.) when a customer pays with a debit card. These fees typically include the following: These fees may vary depending on the size of the bank that issued the card, the…

A Guide to Debt vs. Equity Financing: Which Is The Better Choice for Your Business?
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A Guide to Debt vs Equity Financing: Which is the better choice for your business?

ByMason Fairbank Updated on Max 13 min read

A Guide to Debt vs. Equity Financing Debt vs. equity financing. Which is the better choice for your business? There is no easy answer to this question. The answer depends on several factors, including your business’s stage, industry, and personal preferences. However, this guide will explore the pros and cons of debt and equity financing…

Margin Calculator: How To Calculate The Profit Margin Of Your Online Business

10 Steps to Successfully Calculating Your Marginal Profit

ByGarrick Berry Updated on Max 9 min read

What is marginal profit? Marginal profit is a concept in microeconomics that refers to the increase in a company’s profit from selling one additional unit. It is expressed as the difference between marginal revenue (the increase in revenue from one additional unit) and marginal cost (the increase in the cost of producing one additional unit)….

How to cross collateralization works: Its characteristics and pitfalls
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How does cross collateralizing work: The characteristics and pitfalls of a cross collateralization loan

ByMelanie Maxwell Updated on Max 16 min read

How does cross collateralizing a loan work When you borrow money, the lender will usually require some collateral. This allows them to recoup their losses if they cross default on the loan. Cross collateralization is when you use more than one asset as collateral for a loan. For example, if you have a home equity…

Accounting 101: A step-by-step guide to everything you need to know about bank reconciliations

A Guide to Everything You Need to Know About Bank Reconciliations

ByDamian Wilcher Updated on Max 12 min read

Bank reconciliations may not be the most exciting topic, but they are essential for accounting. In essence, bank reconciliation is the process of comparing your company’s bookkeeping records with the actual transactions that have taken place in your bank account. This helps to ensure that there are no discrepancies between the two systems and that…

Different Types of Accountants for Different Businesses

Types of Accountants: Accountant Types and How to Choose the Right One for You

ByAstrid Sarratt Updated on Max 11 min read

What is an Accountant? Definition: An accountant is a professional who maintains and examines business accounts. For instance, they record transactions, revenue, and expenses in a restaurant. Expanded Definition: Accountants handle financial records. Their responsibilities encompass various aspects including: Types of Accounting Forensic Accounting Forensic accounting is a specialized branch of accounting that combines the…

What You Need to Know About Debits & Credits Before You Begin Accounting
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A Simple Guide to Debits and Credits

ByMelanie Maxwell Updated on Max 13 min read

What are debits and credits? In accounting, debits and credits are ways of recording financial transactions. Transactions are recorded as either a debit or a credit, depending on what is happening in the transaction. What does debit mean? Debits are typically used to record assets, while credits are typically used to record liabilities. For example,…

The important things to look at when finding a good accountant

Accounting Tips: The Important Things to Look at When Finding a Good Small Business Accountant

ByHarley Carr Updated on Max 12 min read

Why Small Businesses Need an Accountant Running your own small business can be challenging, not least because of the complex financial management tasks that come with it. This is where a small business accountant steps in and becomes your financial partner. They turn those puzzling numbers into meaningful insights, benefiting you and your business in…