Small Business Basics

Good business credit is your key to unlocking thousands of dollars worth of financing for your company. Although the government makes it easy for you to get a free look at your personal credit...

Small businesses that accept credit cards for payment will make more money than those who only accept cash or checks. (See Reference 1 - Table 1 shows how e-commerce has increased each quarter.)...

When credit cards were introduced, one of the reasons they had raised digits was for processing. Manual credit card processors use a carbon-copy purchase slip to record the card information....

For many reasons, you may want to cancel your credit card. Whether the card is lost or stolen, or you simply do not want to use the card any longer, canceling the account only requires a phone...

Credit cards have become a vital part of our financial universe. In fact, many customers don't even carry cash or checks anymore; they rely on the convenience of credit cards to make virtually all...

Risk analysis is necessary for any company offering business credit. Banks, equipment and vehicle lessors are just some of the companies that calculate repayment and loss probability from credit...

It is a good idea to ask what your company's policy is on using the company credit card for private purchases before you use the card for anything. In some cases the company gets and pays the bill...

In today's economy, plastic card transactions are slowly eclipsing the need for businesses to take cash or checks. Setting up a credit card terminal can be a fairly easy process, and most...

The procedures for establishing credit cards in a business name are important for any entrepreneur to understand and follow. You will have to incorporate or form a limited liability corporation...

While almost every medium- and large-sized business accepts credit cards, a small business owner must think carefully about how accepting credit cards will affect his bottom line. Credit cards can...

Many small businesses run into cash flow problems because the owners don't know how to successfully manage their business. A cash flow problem happens when a business has more funds going out...

Credit and debit cards have become far more popular forms of payment than cash or checks. In most cases, not being able to accept credit cards and debit cards can substantially reduce your cash...

Many customers love the convenience of paying with a credit card. As a small business owner, you can enjoy increased revenue if you are equipped to accept them. Depending on where customers...

Paper checks are becoming increasingly obsolete. MSN Money columnist Liz Pulliam Weston recommends to her readers that due to recent regulatory changes allowing banks to complete all transactions...

As a contractor, it may be wise to accept as many forms of payment as possible. While cash and checks may be preferable, since there are no fees associated with those methods of payment, allowing...

With the exception of "cash-and-carry" operations, virtually all businesses extend credit in some form to retail customers or to other businesses. Inevitably, some of these customers don't pay...

Small business credit cards can be complicated to sort out because there is such a plethora of choices out there. All credit card companies speak of different rewards and cash back offers, which...

If your small business is currently in debt, you are not alone. With our turbulent economic times, many large and small businesses find themselves deeply in debt and are looking for financial help...

In an ideal world all of your customers would pay their bills promptly. In reality, unless you operate a purely cash-and-carry business, you'll always have some customers who fail to meet their...

If a potential customer is trying to open a line of credit with your company, get financing or something else in which the health of his credit matters, a company credit reference will help you...

It is very important for your credit rating to keep your business credit good. If you are not paying attention, your credit can be damaged quickly.

Adequate, predictable cash flows are absolutely critical for small-to-medium sized businesses, especially in the current economic environment. Sufficient cash reserves can mean the difference...

Before applying for your small business credit card, you should first understand the benefits of having a small business line of credit. Many credit card companies offer wonderful features that...

Thanks to word processing, it is easy for a business owner to create a personal credit application form. Whether or not you plan to actually check a potential borrower's report to grant credit,...

Many business owners simply do not know what does and does not cause a red flag when applying for business credit. This article is designed to help you avoid the pitfalls associated with business...

To accept credit cards for a home business, sign up for a Paypal.com account that can accept credit card information, or visit a major bank to inquire about merchant services. Be aware of service...

There are four basic steps to building a strong business credit portfolio. Following these steps will ensure that your business credit is established separate from your personal credit, thus...

Credit card machines for small businesses have revolutionized the way that merchants take payment for their goods and services. With the newest technology, it is easier than ever for a business...

The first step to repairing your credit report in the UK is ordering a report of your credit to see why it's bad. You can do this by contacting either one of the two credit reporting agencies in...

Some businesses feel that obtaining credit is a path to failure. This is not always the case though. Many small businesses struggle in the first one to three years of their existence. The ability...

You can easily raise your credit score with a little effort. Here's how.

There are very few avenues to wealth in America besides owning your own business. There are two ways to own a business. You can start one from scratch or buy an existing one. To buy an existing...

Creating a credit history for a business separate from a personal credit is essential for receiving loans or a line of credit for the success of a business. To create a separate credit history, a...

A sole proprietorship is an unincorporated business owned by a single owner. To establish one, all you need is a DBA (Doing Business As) certificate. Unlike corporations or limited-liability...

Many times, it can be difficult for a small business to establish business credit. However, it is not impossible. WIth an employer identification number (EIN), business checking account and...

Starting a business can be both fun and hectic at the same time. Money always seems to be an issue in business and with the unpredictability of the economy, many are looking at ways to get credit...

If you have trouble keeping your credits and debits straight, don’t despair. Lots of people confuse the two. Depending on the context, sometimes they almost mean the same thing. Debit...

You're starting to make money from your freelance work as a writer, photographer or consultant. Now it's time to separate your personal and business finances. You'll benefit in several ways, and...