How To

What Is Trailing Twelve Months [+ Free Calculator Template]

Trailing twelve months (TTM) refers to a company’s past 12 consecutive months of performance data used in financial reporting.

By Danielle Bauter August 30, 2024 | Accounting, Free Resources, How To

The TTM method is essential because it provides companies with detailed, recent financial data for internal audits, financial analysis, and corporate planning. It’s useful for evaluating revenue growth, margins, sales and expense trends, working capital management, key performance indicators (KPIs), and other financial metrics. Free TTM Income Statement Spreadsheet Our free TTM income statement spreadsheet…

How to Become a QuickBooks Certified User (QBCU) in 5 Steps

By Danielle Bauter August 30, 2024 | Accounting, How To

We’ll break down everything you need to know about how to become a QuickBooks Certified User (QBCU), from deciding which of the two end-user certifications you want to obtain (you can also choose both) to taking the exam. We also go over their advantages, as becoming a QBCU can open doors to new career opportunities…

How to Calculate & Deduct Your Bad Debt

By Liz Smith, CPA, MSTFP August 28, 2024 | How To, Taxes

To calculate and deduct your bad debt, you’ll need to first determine if the bad debt is business or nonbusiness. Next, you’ll need to calculate the amount and timing of the bad debt and then report it. Before reviewing the details for each step, it’s important to note that a tax deduction for bad debt…

How to Solve Cash Flow Problems in 10 Ways

By Andrew Wan August 27, 2024 | Financing, How To

Common methods for solving cash flow problems include identifying the amount of the shortage, understanding the impact it’s having on your company, and determining what sources of income and expenses you can adjust. For example, you might negotiate better terms, refinance debt to a better interest rate, or encourage faster payments from your clients. We’ve…

How to Motivate Your Team: 5 Team Motivation Ideas

By Genevieve Que August 22, 2024 | Free Resources, How To, Human Resources

As you build your small business and pursue strong growth, learning how to motivate your team should be among your top priorities. Highly motivated employees will often exhibit higher levels of engagement and be more proactive, productive, and committed to their jobs. According to Seenit’s 2023 report1, The State of Employee Engagement, 30% of productivity…

How to Buy Postage Online for Your Small Business

By David Rivera August 22, 2024 | How To, Retail

Purchasing, managing, and printing postage online is a great way to save your business time and money. We take a step-by-step look at how to buy postage online for small businesses, reviewing several vendor options and the tools you will need to print your postage at home. Step 1: Choose an Online Postage Vendor First,…

How to Do Payroll in North Carolina: Small Business Guide

By Bryan Driscoll August 21, 2024 | Free Resources, How To, Human Resources

Learning how to do payroll in North Carolina (NC) is pretty straightforward. It simply follows general federal guidelines, requiring you to secure a Federal Employee Identification Number and a NC Withholding Identification Number, as well as register for unemployment tax. While that may be the case, there are some regulations to note—and by using our…