Many small companies have bookkeepers on staff rather than accountants. Bookkeepers are generally great at processing daily transactions. However, an accountant is more versed in analyzing what is left in the financial statements at the end of the day. Let’s take a look at some common items on your balance sheet (a.k.a. statement of financial
Borrowing
With the tightening of the economy and business credit in recent years, more companies are facing the requirement for an annual financial audit or review. Either must be performed by a Certified Public Accountant (CPA) who is independent of your organization. CPA billing rates can be astronomical, so the more prepared you are, the more
“Operation Mis-Modification” may sound like a bad TV sitcom or a strange new form of pageant, but it is actually a joint effort from the Consumer Financial Protection Bureau (CFPB), the Federal Trade Commission (FTC) and officials from fifteen states, designed to crack down on mortgage-relief scammers.
During the mortgage crisis, desperate homeowners sought help
APR and APY – are they new texting acronyms? IDK, you say – or rather, you text? (For the benefit of the textually-challenged, IDK means “I don’t know.”) If you think they are texting acronyms, or just “DK” what they are, it’s time to learn.
APR and APY are financial acronyms, short for Annual Percentage
A microfinance loan is a loan extended by non-traditional lenders to people who are not served by traditional banks, such as lower-income borrowers, people without collateral, or people with lower credit scores. It does not necessarily refer to the loan amount, although most loans are small – from the $500 range to thousands.
Microfinance loans
As a company owner, CFO or Controller, one of your most important tasks is to select the right business bank. It is easy to think that all banks are the same, but there are important differences in services, fees and culture. So it’s worth taking some of your valuable time to insure that the bank
Lending institutions profit from helping businesses thrive. If you are concerned about your business simply surviving, or if there are indications of fundamental flaws in the business model, there may be too much risk for any outside investor to take on. Before you approach any financial institution for a business loan, there are several key
If you own a small business or intend to buy or start one, you will probably be borrowing money at some point — and possibly more than once. You may need money for startup costs, expansion, cash-flow management, disaster recovery, or any number of uses requiring operating funds and/or capital investment. Unless you have a
When a college makes an offer of financial aid, parents and students have the right to appeal and discuss the findings with the financial aid officer. In some cases, the institute of higher learning may up their offer.
When possible, try leveraging off of any aid packages offered by a competing institution where you applied.