The Source

Small Business

Small Business Loan Application Checklist: How To Prepare

6 minute read

April 16, 2021

Do you have plans to grow your small business, but not enough funds to make them happen? If so, you’ve probably considered applying for a business loan package. Because taking out a loan is a...

Our Guide to Double-Entry Accounting

5 minute read

March 22, 2021

Double-entry accounting is one of the many subjects you probably didn't know much about when you decided to start a small business. Still, if you want to be a successful entrepreneur, you must educate yourself...

Key Man Insurance: What It Is And Why It Is Important

5 minute read

March 22, 2021

As a small business owner, it’s easy to get caught up in urgent, day-to-day tasks, which causes you to overlook certain things. And for many business owners, life insurance is one of the easiest things...

How to Reconcile Invoices in 3 Steps

5 minute read

March 17, 2021

It's easy to see invoice reconciliation as just another task on your to-do list. In reality, though, reconciling invoices is a critical accounting process that can save you thousands of dollars.

Our Guide to Revenue Leakage

4 minute read

March 11, 2021

Fortunately, it's often possible to prevent or correct the worst kinds of revenue leakage. You just have to be willing to identify and face the problem. So, what is revenue leakage and how do you...

Disruptive Business Models: What You Should Know

5 minute read

March 5, 2021

Most likely, you can't Imagine a world without successful companies Uber, Netflix, or Amazon. Yet, there was a time when these companies were selling ideas that no one had ever considered. They may have even...

Limited Partnerships: What You Should Know

5 minute read

February 22, 2021

To say that the ownership structure of your business has significant implications would be an understatement. This is because ownership structures influence operations, tax treatment, and your personal liability for debts acquired by the business.

SBA Loan Applications: The Approval Process Explained

5 minute read

February 16, 2021

Many small business owners know that they’ll require additional working capital at some point. Often, one of the first places they’ll seek this funding is through the federal government.

Credit Cards vs. Debit Cards: What’s Right for a Business?

5 minute read

February 4, 2021

As a business owner, you have many choices when it comes to almost every aspect of your company’s finances. This is particularly true when it comes to choosing whether to manage your daily spending with...