The Source

Small Business

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...

How To Utilize Virtual Office Space For Your Business

5 minute read

January 13, 2021

Working from home provides many benefits to business owners, such as added convenience and affordability. However, it has one distinct disadvantage; working from home can de-legitimize your business in the eyes of certain clients.

Gross Profit Formula: How to Calculate Your Gross Profit

3 minute read

January 10, 2021

Depending on your business’s industry, gross profit may be more relevant than net income or other performance measures. Although these figures are all obviously highly related, understanding the differences between them is still very important...

How to Break Into New Markets with Your Existing Business

5 minute read

December 16, 2020

For any business, there are many important balances to strike. You must provide great service, but at a reasonable cost. You want to allow employees their freedom and creativity, without creating chaos.