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How FinTech Helps SMBs Get A Grip On The Numbers

PYMNTS

Financial management is mission-critical to the health and vitality of small business (SMB), but it’s also one of the most difficult tasks for entrepreneurs and business owners that may have the skills to launch new products or services, but lack the accounting expertise to handle the numbers.

FinTech 61
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Checks, Data Sharing Limits Force B2B FinTechs To Find A Workaround

PYMNTS

Of course, at the heart of this advancement is increased access to detailed financial data, but it’s not easy for everyone. Small businesses (SMBs) in particular can have trouble not only gaining access to their financial data, but also making sense of it. Between payroll, rent and more, there’s a lot to keep track of.

Checks 40
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45 Business Expense Categories for Businesses and Startups

Nanonets

Business expense categories are a systematic classification of costs incurred during the operation of a business, designed to organize and track financial outflows for purposes such as tax preparation, budgeting, and financial analysis. A credit is available for small businesses.

IRS 52
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Bank Statement Analysis: A Complete Guide

Nanonets

Key aspects of bank statement analysis Transaction categorization: Classify entries as deposits, withdrawals, transfers, payments, etc. Expense analysis: Review outgoing payments such as vendor payments , payroll, and operational costs. Why is bank statement analysis important?  

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How to Categorize Business Expenses?

Nanonets

This foundational task is more than just an exercise in organization; it’s a strategic move towards gaining actionable insights into your financial operations. They include rent or mortgage for your business space, utility bills, office supplies, and the costs associated with maintaining your business premises.

IRS 52
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What is bookkeeping & how to automate it?

Nanonets

In this article, we will walk through answers to all these questions and more, so you can begin your business bookkeeping journey with confidence.   Bookkeeping is the process of keeping financial records for your business. Bookkeeping is the hands-on part of the financial care of the business.

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General Ledger (GL): Definition, Significance, Implementation

Nanonets

Whether you're a small business owner, a finance professional, a CFO, or simply curious about the financial operations of a business, this blog series promises to equip you with a thorough understanding of the General Ledger, its significance and it's effective implementation within a business.