Navigating Inflation: How It Impacts Your Small Business Finances
When it comes time to pay your suppliers, do you find yourself feeling the financial squeeze? You’ve likely heard about the ongoing ‘cost of living crisis’ in the news, but have you ever wondered how it directly affects your small business? Picture this scenario: your suppliers are sending invoices your way like flaming torches, and […]...
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Navigating Late Payments: Strategies for Small Businesses
In the world of finance, late payments are becoming an increasingly prevalent issue, affecting small businesses and potentially pushing them to the brink of closure. While it’s tempting to speculate about the motivations of larger corporations in delaying payments, our focus here is on empowering the small businesses we work with to weather this challenge. […]...
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Cash Basis vs. Accrual Accounting: Which One Suits Your Business Best?
Accounting methods can be a confusing topic for business owners, especially when it comes to cash basis and accrual accounting. In this blog, we’ll break down these two accounting methods and help you decide which one is right for your business. Understanding Cash Basis vs. Accrual Accounting: Cash basis accounting records transactions when money changes […]...
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Diversifying Income Streams: Why It’s Crucial for Your Business
In recent news, Etsy made a significant change by introducing a reserve system. This adjustment meant that some of their sellers found themselves with 75% of their earnings locked up for a lengthy 45-day period. When you consider that the remaining 25% went towards Etsy fees, it left these sellers with minimal income to sustain […]...
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