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Eliminate Your Fears And Doubts About Securing A Line Of Credit

Posted by Melissa Hollis to Accounting, Business Advice

If he were alive today, William Shakespeare probably wouldn’t be able to get his startup off the ground.

But Shakespeare’s time was different. Though he was a successful entrepreneur in his own right, the Bard couldn’t have foreseen the ultra-competitive world in 2016, when business owners often need to borrow money just to maintain a presence in the market.

Too bad for him—the rest of us can benefit from the opportunities afforded by lines of credit.

Dan Price and Jessica Mah Talk Life, Death, And Business

Posted by Gravity Payments to inSide inDinero, Business Advice

After both speaking at the Inc 5000 conference, inDinero CEO Jessica Mah and Gravity Payments CEO Dan Price became fast friends. They sat down recently to dive into some of the lessons they learned as business owners. Asking each other 3 questions each, Jess and Dan get personal about life, death, entrepreneurship, challenges, and what keeps them going.

How to Create Business Reports Your Investors Will Actually Use

Posted by Matt Krepp to Investment, inDinero Academy, Accounting, Business Advice

When you think about the end of the month, what keeps you awake each night? If you say your investor board meeting, you’re in good company! The best way to ensure you’re in good shape when the date for that meeting gets closer is to package the information you want to discuss in the best way possible well in advance. With that, I’d like to introduce you to the art of the investor report.

Comparing Cash vs. Accrual for Small Business Accounting Options

Posted by Jake Moffett to Accounting, Business Advice, Business

As a financial consultant at inDinero I hear the ins and outs of businesses of all sizes, but more often than anything I talk with smaller startups getting their feet off the ground. I’ve found that the longer I talk to these small business owners, their friendly, informational tone tends to shift into a confession session of all their back-office sins.

Quest For Fire: Finding the Perfect Burn Rate for Your Small Business

Posted by Ryan Mason to inDinero Academy, Accounting, Business Advice, Business

Accurate small business accounting is the difference between (startup) life and death, and ignorance of an out-of-control burn rate is one of the top symptoms of a company in trouble. Paul Graham, the founder of Y-Combinator, once said that “When startups die, the official cause of death is always either running out of money or a critical founder bailing,” and although we can’t help with your founder relationships (though we do know a good couples counselor who might help), we can definitely offer guidance for preventing the former by helping you manage your startup spending. Here’s how.

The Key to Accrual Accounting: Recording Deferred Revenue

Posted by Lighter Capital to Accounting, Business Advice

(Note: this article originally appeared in slightly different form on the Lighter Capital blog and is republished with permission).

Is your business considering a move to accrual accounting? A key thing to understand is what deferred revenue is and how to accurately record it while following Generally Accepted Accounting Principles (GAAP).

Understanding how accrual accounting works can seem a little overwhelming and confusing. We’ll walk you through the basics to help you get started.

Paying Your Future Self to Save on Business Taxes Now

Posted by Melissa Hollis to Investment, Taxes, Business Advice, Business

Retiring eventually sounds fun right? And so does saving on taxes now. Luckily, as a business owner, there are ways you can feed these two birds with one scone.

Exempt vs. Nonexempt Employees: What Small Business Owners Should Know

Posted by Sarah Olbekson to Business Advice, Business

As 2016 kicks off to a fast and furious start, many employers and payroll processors are awaiting the final word on President Obama’s call to raise the annual salary cut off for overtime pay from $23,000 to slightly above $50,000 (a difference of about $528 a week). This jump would benefit upwards of 13 million American workers and is historic in nature because it’s a change that hasn’t taken place since 1975, when a $23k annual salary had the spending power $101,677 has today (source: United States Department of Labor Inflation Calculator).

3 Essential Financial Reports for Your Small Business Bookkeeping

Posted by Ryan Mason to Accounting, Business Advice, Business

My colleague recently wrote about the importance of closing your business’s books at the end of your fiscal year. A few of you reached out to us after reading her post, asking for more about some of the financial statements that Melissa mentioned.

We’re happy you asked!

What Businesses Should Know About K-1 Forms Before They File Taxes

Posted by Melissa Hollis to Taxes, Business

Success starts when you take charge of your finances.

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