Kaylee DeWitt

If you operate a nonprofit organization, you may be eligible to apply for tax-exempt status, such as 501(c)(3) status. Learn what is 501(c)(3) status, types of 501(c)(3) organizations, and how to apply for 501(c)(3) status.

If you accept check payments from customers, you need to know that the checks might not always clear. A customer might not have enough in their bank account to cover the check amount. Learn what to do with checks that bounce.

Does your business have enough money to pay off debts? If you aren’t sure, then you need to learn about liquidity.

Of course, you want to trust the people you hire to work at your small business. But sometimes, you get a bad apple. Employees might steal money, goods, and knowledge from your business. You need to implement employee theft prevention strategies before fraud starts. Below we’ll look at types of employee theft, followed by employee […]

You run your own business, but are you considered self-employed? The definition of self-employment can be confusing. What does self-employment mean? Find out below.

When you are tracking your business’s financial health, you will track many indicators. And if you are seeking money from investors and creditors, they will want to see these numbers, too. Operating income is one of the numbers you should calculate.

Do you need some extra funding for your business? If your business is still in the early stages, it might be difficult to get outside funding. Banks and other traditional lenders might be wary of giving you a loan. Even if you’re struggling to get money from a traditional lender, you might get funding help […]

Revenue is a vital part of your business. Your business needs revenue to survive. So, it’s important that you understand revenue. Below you will learn what revenue is, why revenue is important, how to calculate it, and how to increase it.

Would you like your business to earn more? Of course you do! When you learn how to increase net profit, your business will have more money after expenses and become more stable.

When pricing your products, you must consider the cost of making the product, including the direct costs. Find out below what direct costs are, including examples and how to calculate them.