The Source

Small Business

Our Guide to Double-Entry Accounting

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...

How to Reconcile Invoices in 3 Steps

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

March 11, 2021

It isn't fun to think about, but revenue leakage, or the possibility of it, can devastate your business.

Disruptive Business Models: What You Should Know

March 5, 2021

A disruptive business presents a new concept to an already crowded marketplace, earning the attention and respect of consumers.

Limited Partnerships: What You Should Know

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

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?

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

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

January 10, 2021

As a business owner, it's crucial to track and measure the financial success of your business. Naturally, most entrepreneurs agree that high revenues and low expenses are essential for growth. However, there are still other ways that "profit" can be defined.