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Some days back I had an interesting conversation with an accountant which made me think How the role of an accountant has changed in recent years?

Many accountants become financial advisors to their small business clients.  Another way to add value is to help your clients gain access to credit.  This is where a partnership with Biz2Credit comes in.The days of free flowing capital are gone, unfortunately.  Yet small businesses still need access to credit for working capital, expansion plans, or short-term cash flow problems.  Biz2Credit can help accountants provide small business loans.

Accounts receivables financing is based on the 90 day outstanding for accounts receivables. Normally lenders will lend upto 80% of the outstanding accounts receivables and it is interest only payments.

Biz2Credit offers referral fees to accountants whose clients secure funding on the Biz2Credit platform.  Additionally, they are able to establish a presence on Biz2Credit, link back to their own websites, contribute blogs, participate in webinars and chat sessions, and build their own brands.

Accrual basis of accountinig is a method of accounting that recognizes revenue and expense at the period when invoices are issued. Liabilities are matched to the revenue for the same period.

Small businesses often operate on tight budgets, but this doesn't mean their accounting team should suffer. A robust spreadsheet may seem like a good idea for managing finances. In fact, spreadsheet use is quite common. According to Aberdeen's 2013 Financial Planning, Budgeting, and Forecasting Benchmark survey, 89% of organizations use spreadsheets in the planning, budgeting and forecasting processes.

Defaulting on an existing loan can significantly damage your FICO score and increase interest rates as well. In the worst case scenario, the lender would attempt to recover the lent amount by foreclosing your property, seizing bank account or other assets.

As we begin the New Year, the prospects for small businesses in search of capital seem to be brighter than they were even a year ago. Last year was a good year for small business lending, and 2014 looks to be better. A big reason is because non-SBA loans by big banks are on the rise. 

Earnings Before Interest Taxation Depreciation and Amortization (EBITDA) measures profitability. It's important to note that EBITDA can be misleading as a cash flow evaluation tool because it does not take into account cash used to fund working capital or replace old equipment. EBITDA = Revenue - Expenses (excluding interest, tax, depreciation and amortization)

These are some things that you can do to establish a good credit score. Its not an exhaustive list but rather something to start with. 1-Pay credit card bill preferrably in full and on time, 2 - Never charge 30% more than your credit limit, 3- Don't close an unused card account, Keep them in good stead, 4-Spread your debt on different cards, 5- Try not to keep a credit card unused

Biz2Credit verifies the information which has been provided by the borrowers  through the data integration which we have built with 3rd party providers which include credit breaus, IRS , payrol and accounting packages. Besides this , Biz2Credit takes customer authroization to pull the tax data from the IRS aand compare it with self reported data

Biz2Credit offers referral fees to accountants whose clients secure funding on the Biz2Credit platform.  Additionally, they are able to establish a presence on Biz2Credit, link back to their own websites, contribute blogs, participate in webinars and chat sessions, and build their own brands. Click to view more.

In order to establish good business credit, the business owner should should start creating trade lines and payment history through the company. One should apply for the phone lines and other utilities to be billed to the company as timely payments will add to the credit history of the company. 

Funding a small business endeavor is difficult at best. Unless you have your own funding source such as a major savings account or huge investments, it is likely your will have to look to outside sources to help you get your dreams of entrepreneurship off the ground

Any legal responsibility, duty or obligation. The state of one who is bound in law and justice to do something which may be enforced by action. This liability may arise from contracts either express or implied or in consequence of torts committed. Some examples of liabilities include mortgages, UCC liens, accounts payable, settlement charges and/or tax liens. 

A document issued by the state at point of company registration. The certificate is included in the registration kit and shows the date of incorporation and official company location. It is required for opening the business account and securing financing.

Earnings Before Interest Taxation Depreciation and Amortization (EBITDA) measures profitability. It's important to note that EBITDA can be misleading as a cash flow evaluation tool because it does not take into account cash used to fund working capital or replace old equipment. EBITDA = Revenue - Expenses (excluding interest, tax, depreciation and amortization)