If you’re considering getting a small business loan, it’s important to understand the whole process in order to increase your chances of approval. While it can be a complex process, it can be easier to attack when broken down into steps. After you’ve determined how funds will be used for your business, you’ll need to…
How To
How to Calculate Vacation Accruals (+ Free PTO Calculator)
Accurately tracking paid time off (PTO) accruals is essential for small businesses not only from an administrative standpoint, but also for legal compliance, payroll accuracy, and cash flow. Miscalculating PTO can lead to wage-and-hour violations, unexpected payout liabilities, and employee disputes, all of which are harder to absorb without dedicated HR or legal teams. To…
How to Resell Temu Products in 2026: Legal Risks & Profit
Temu is an ecommerce marketplace that carries a huge potential for sourcing items for reselling. It offers very low factory-direct prices, huge discounts, price adjustment guarantees, a generous return policy, and more. Reselling Temu products is generally legal, but it comes with a higher risk than most sourcing methods. Profit margins are often thin due…
How To Use a 401(k) to Start or Buy a Business
You can use your 401(k) in a few different ways to fund a business venture, whether you’re buying a company, contributing capital to an existing business, or starting one on your own. In most cases, you’ll access those funds through one of three paths: a Rollover for Business Startups (ROBS), a 401(k) loan, or a…
59 Free QuickBooks Tutorials: Learn QuickBooks Fast (+Video)
Welcome to Fit Small Business’ free QuickBooks Online tutorials. Each provides an in-depth lesson complete with text, examples, and a comprehensive video demonstration — designed to help you better understand how to use QuickBooks for your business. If you don’t have QuickBooks Online, visit the QuickBooks website to sign up for a 30-day free trial…
How to Do Payroll Reconciliation for Small Businesses
Payroll reconciliation helps ensure employees are paid correctly and that payroll transactions are recorded accurately in your accounting records. Done consistently, it reduces errors, supports compliance, and prevents small discrepancies from turning into costly fixes, penalties, or employee frustration. There are two components to payroll reconciliation. The first is reconciling a payroll cycle before processing…
How to Create a Payroll Budget in 4 Steps
A payroll budget helps you estimate how much your business will spend on employee compensation over a set period. This includes wages and salaries, overtime, bonuses, benefits, employer payroll taxes, and other payroll-related costs. Since payroll is often one of the largest ongoing expenses for businesses, budgeting for it helps you plan cash flow, staffing,…
How to Start a Catering Business: Step-by-Step Guide
Starting a catering business is one of the most affordable and flexible ways to break into the food industry. You don’t need a storefront, and you can scale at your own pace, whether you’re cooking from home, renting time in a shared kitchen, or launching a mobile catering setup. But succeeding in catering requires more…