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Accounting software stores a business’s financial transactions, automates accounting tasks, like recurring invoicing and transaction categorization, and generates reports. You can also use it to track income and expenses and organize your business’s financial information so that you have what you need for tax season. The more data you gather within your accounting software program, the more insights you can glean to strengthen your business.The best accounting software for small businesses streamlines the process with built-in reports, online bank feeds

A challenge for any small-business owner is not only attracting new clients, but also keeping their existing customer base engaged. Retaining customers is typically more cost-effective than finding new ones, and the bulk of most businesses’ sales come from existing customers. It’s inevitable that some customers will stop transacting with your business — known as churn — which is why a solid business marketing strategy will plan for how to win them back. Not every customer can be won back

A Miller trust, also called a Qualified Income Trust (QIT), can help you qualify for Medicaid nursing home benefits or other long-term home-based care services if your income exceeds the eligibility requirements. For many people, long-term care — which is covered by Medicaid but not by Medicare — is too costly to pay for out-of-pocket. Medicaid’s strict income requirements make it difficult for many people to qualify for assistance, but in many states, a Miller trust can be a workaround.

When your finances start to spiral and it becomes increasingly difficult to keep up with credit card payments or build toward financial goals, switching your payment method temporarily to cash or debit could help. Spending with credit cards can stimulate the brain’s reward center and drive you to make more purchases, according to a recent study by MIT Sloan School of Management. The 2021 study had a small sample size of 28 participants, but other research also finds that people

What is a bank holiday?A bank holiday is when banks are closed on a business day in observance of a federal or local holiday. There are typically 11 federal bank holidays per year in the United States. How do bank holidays work?When a bank is closed for a holiday, branches and remote customer service options — such as customer service by phone or live online chat — are unavailable until the next business day. If the holiday falls on a