New business owners have many tasks to manage. One essential element they don’t always consider right away is the importance of small business accounting. Even if you’re a startup, it’s best to learn how to manage your books as soon as possible.
Basic Accounting For Trucking Companies
Owners of trucking companies may not have a background in finance, but it’s important to have a basic understanding of accounting. Even if you have a professional bookkeeper or accountant handling your books, you should be familiar with basic accounting terms and principles. This knowledge will help you understand the health of your business and warn you of problems that may be on the horizon.
Accounting Terminology You Should Know
In order to better understand your finances, it helps if you’re familiar with the terminology. The following are some accounting terms that are relevant to your business. Read more
What’s Going On With the Spot Freight Market Right Now?
The transportation industry is going through a volatile period, with various factors such as the economy, weather, foreign conflicts, and long-term supply chain issues all playing a role. The spot freight market can always be unpredictable but has been especially unstable recently. In this article, we’ll look at some factors that are affecting the freight industry along with some tips on preparing for future uncertainty. Read more
How to Reduce your Business’s Risk of Bad Debt
Bad debt is a serious risk for every business. Bad debt is accounts receivable that will not be collected and therefore, treated as a loss. Let’s look at 10 effective tips to help you avoid bad debt in business.
9 Advantages of Invoice Factoring For Growing Your Business
Any B2B business that is looking for ways to boost cash flow without taking out a traditional loan may be interested in invoice factoring. When invoices are factored, you receive immediate payment from the factoring company instead of having to wait for business clients to pay. There are numerous ways that invoice factoring can contribute to better cash flow and business growth. Read more