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Different credit report – same concept You know the importance of your personal credit score, but do you know that your business credit score is equally relevant to your business’s ability to conduct business with third-party organizations?   A business credit score, also called a commercial credit score, performs a function similar for your business than

A Core Financial Report The Balance Sheet is one of the three core financial statements of a small or medium-sized business, along with the Profit and Loss Statement and the Cash Flow statement. It reports a company’s assets, liabilities, and owners/shareholders’ equity at a point in time. A standard balance sheet is considered to have

Today, an online presence is a must for small businesses, so we review the best website development platform for small business owners. Defining the key criteria for small businesses Let’s first define the criteria that we applied to identify our platform of choice: Ease of Use: The platform’s ease of use, even for a neophyte.

A Core Financial Report The Profit and Loss (P&L) statement is a financial report that summarizes the revenues, costs, and expenses incurred by a small business during a specified period. P&L statements are often called Income Statements, Earning Statements, or Statements of Operations. These reports indicate how businesses convert revenues into Net Income and whether

Commercial insurance protects your small business from unforeseen events. Many firms have specific risks from which they need protection, but nearly all small businesses need protection from general liability, property damage, and income loss. If any adverse event negatively impacted your business assets, or if you were slapped with a lawsuit and not covered by