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Similarities and Differences Between GAAP vs IFRS
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GAAP (generally accepted accounting principles) is a set of standards that publicly traded businesses in the U.S. must follow when reporting financial information. IFRS (International Financial Reporting Standards), on the other hand, is the accounting standard used in the European Union and other countries around the world. Both GAAP and IFRS are designed to maintain […]
Invoice Financing vs. Invoice Factoring
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If you have a small business that invoices customers (and then waits 30 days or longer for payment), you know that cash flow can be a big concern. Two financing options that may help you get paid faster are invoice financing and invoice factoring. While both funding options allow you to use your company invoices […]
10 Ideas for Growing an E-commerce Business
https://www.sofi.com/learn/content/how-to-grow-an-ecommerce-business/
These days, starting an e-commerce business is relatively simple. Growing that business into a successful online store with solid revenues, however, can be challenging. To effectively scale an e-commerce company, you generally need to take a proactive, multi-pronged approach. You need to not only find customers and bring them to your site but also encourage […]
SBA 504 Loans: Who Qualifies & How to Apply
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SBA 504 loans are a popular financing option for small businesses looking to purchase real estate, acquire major equipment, or invest in long-term growth. These loans, backed by the Small Business Administration, provide affordable, fixed-rate funding and are designed to support economic development and job creation. To qualify, businesses must meet specific size, purpose, and […]
Classified Balance Sheets, Explained
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A classified balance sheet is essentially a balance sheet that provides more detail about a company’s assets, liabilities, and equity at a given point in time. While many small businesses utilize a standard (or unclassified) balance sheet, you may find it useful to run a more detailed statement. Lenders and investors also typically like to […]