With today’s digital magazine development software and digital design tools, you can start a new online magazine in a matter of weeks. Even better, depending on your skills and experience, you could launch a digital magazine for less than $200. This guide teaches you how to create a digital magazine and launch it with ease….
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How to Interview Someone for a Job (+ Free Checklist)
A job interview is a way to discern whether an applicant is a fit for your open position. Job interviews can be scheduled in person, via phone, or on video. To avoid penalties and lawsuits, it’s important to ensure your interview questions and hiring practices are fair and don’t violate any labor laws. Here are…
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Inventory Aging Report and How to Calculate: The Ultimate Guide
An inventory aging report is a list of the items on hand grouped by the length of time in inventory. It’s used to identify slow moving inventory plus the additional costs to store and maintain these products until they are sold. If you use accounting software, you’ve got a few options for creating the report….
Inventory Turnover Ratio: Definition, Formula & What It Means
The inventory turnover ratio is an efficiency ratio that measures how quickly inventory is turned into sales. A high inventory turnover is generally positive and means a company has good inventory control while a low ratio typically indicates the opposite. There are exceptions to this rule that we also cover in this article. If you…
Accounts Receivable Turnover Ratio: Definition & How To Use It
The accounts receivable turnover ratio measures how effectively a business can collect payment from customers they have extended credit to. The ratio shows how effective their credit policy and procedures are and how streamlined their accounts receivable process is. This article shows you how to calculate your A/R turnover ratio and what it means. What…
How to Fund Your Mobile App: 8 Best Options 2019
There are a number of options available for app funding. For apps in early startup, using retirement savings, personal loan, crowdfunding, or angel investors may be a good app funding choice, while an SBA loan, revenue-based financing, an online business loan, or venture capital may be better sources of app funding for growth. A rollover…
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How to Reconcile Business Credit Card Accounts in QuickBooks Online
Welcome to the Fit Small Business QuickBooks Online training course. In this lesson, we cover how to reconcile business credit card accounts in QuickBooks Online. You can follow along on your own QuickBooks Online account. If you don’t have one already, click here to sign up for a free 30-day trial and follow along below….
14 Tips for Lowering Workers’ Comp Premiums
Workers’ compensation is an expensive requirement that most business owners are desperate to control. Some industries’ average cost is more than 5% of every payroll dollar spent. While nothing keeps premiums down more than safety practices that reduce claims, there are other things you can do. Here are 14 tips for lowering workers’ comp premiums….
How to Get a Small Business Loan in 4 Steps
Finding a small business loan is a necessity during business growth, but it can be difficult to find a loan you qualify for. The four basic steps for how to get a small business loan include evaluating your loan options, determining your eligibility, finding the right lender, and applying for the right loan. One of…
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How to Write a Professional Email in 7 Steps (+ Pro Tips)
A professional email, when written clearly, effectively communicates business needs to clients and colleagues, furthering company goals. To write a professional email, first use a professional email address, define the goal or purpose of your email, and craft a compelling subject line and message with a clear call-to-action that evokes your desired response. Here’s how…
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How to Enter Credit Card Transactions in QuickBooks Online
Welcome to the Fit Small Business QuickBooks Online training course. In this lesson, we cover how to enter business credit card transactions in QuickBooks Online manually. You can follow along on your own QuickBooks Online account. If you don’t have one already, sign up for a free 30-day trial and follow along below. To complete…
Accounts Payable Turnover Ratio: Definition, Formula & Free Template
The accounts payable (A/P) turnover ratio measures how fast a business pays its suppliers. The ratio is calculated by dividing total supplier purchases by the average accounts payable balance for the period. It can be used to identify payment issues, and it gives creditors a sense of your payment history with vendors. If you use…
