Business Finance

Business finance is the management of funds and borrowing on behalf of a business. Similar to personal finance, business finance encompasses many factors including revenue, expenses, lending, and more. Proper administration and planning of business finances are essential to helping a business thrive and strategically grow. As a small business owner, you may not be particularly knowledgeable about the ins and outs of business finance, but that doesn’t mean you can’t be. Community Tax provides many helpful business finance resources to help small business owners get a firm grasp on their business’s finances, including business finance articles on our blog. And, if you need help managing your business finances, we offer small business accounting, bookkeeping, and tax services so that you can focus on running your company while our experts handle the rest. 

Business Accounting

Community Tax is a trusted name in the professional tax preparation industry. However, did you know that we also offer small business accounting and bookkeeping? When you’re growing as a company, it can quickly become...

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Bookkeeping is known to be one of the greatest challenges for small business owners. However, you don’t have to do it all on your own. Our professional bookkeeping services make it easy to track, record, and prepare important statements for your business finances.

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Business Financing

If you’re running a small business, chances are that you won’t have the capital to pay for all your startup costs in cash. But, that’s why small...

Perpetual vs Periodic Inventory: The Best Inventory Type for Your Business

If you’re a business owner, whether new or established, you know there’s a lot you need to keep track of: your employees’...

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How Do You Depreciate Business Assets?

As a small business owner, you are likely being inundated with processes, laws, and definitions you’re unfamiliar with—especially...

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Profit & Loss Statement: Ultimate Guide for Small Business Owners

There are three financial documents that are extremely important for both small businesses and large corporations. The three...

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Explore our top articles for answers to the most common tax questions.

Business finance is an important aspect of any company because an organization’s financial health is what fuels it’s activities forward. From maintaining sufficient funding for manufacturing products and marketing to paying back lenders, business finance is the foundation of any successful organization. 

Some important tips for managing small business finances include:

  • Keep your books up to date 
  • Make sure your financial records are accurate 
  • Stay on top of money owed to you from clients 
  • Closely monitor your business’ cash flow 
  • Borrow money strategically
  • Hire a professional to handle bookkeeping, accounting, and other financial obligations

There are many types of small business financing options, however, the two main categories are debt financing and equity financing. The difference between the two types of financing lies in the trade off—with debt financing, assets are put on the line, whereas equity financing requires a percentage of stake within the company.