Each wholesale club’s card excels for a different type of business. Costco’s program is best suited for companies with heavy travel and dining budgets, Sam’s Club is ideal for fuel-intensive operations, and BJ’s is the most rewarding for frequent in-store buyers with smaller-ticket purchases.
Choosing the right card isn’t just about which wholesale club is closest to your business—it’s about
Running a small business means keeping expenses in check while still stocking up on the necessary supplies to operate smoothly. For many owners, wholesale clubs like BJ’s Wholesale Club offer significant savings by allowing bulk purchases at discounted prices. To make those savings go further, BJ’s also provides its own line of business credit cards, which reward you for BJ’s
A tradeline is any credit account that appears on a credit report. In personal finance, this could be a credit card account, an auto loan, or a student loan. In the business world, business tradelines encompass vendor accounts, business credit cards, installment loans, and revolving accounts associated with your company.
So, how long does it take for tradelines to appear
Chime is a financial technology company that offers personal banking services through a user-friendly mobile platform. While it offers banking features similar to traditional banks, it is not a bank. Instead, it partners with FDIC-insured institutions: The Bancorp Bank and Stride Bank. This partnership ensures account holders receive the same level of deposit insurance as they would with a traditional
A business bank account is a financial account used to manage a company’s funds. Unlike a personal checking account, a business account separates personal and professional finances, essential for accurate recordkeeping, tax reporting, and liability protection.
ChexSystems is a consumer reporting agency governed by the Fair Credit Reporting Act. It collects data on closed bank accounts, unpaid overdraft fees,
Purchasing multiple vehicles (a fleet) at once helps the company ensure it has enough transportation available. In addition, it’s sometimes possible to reduce the per unit price when purchasing a fleet versus buying one vehicle at a time.
The problem many small businesses face is that commercial fleets come with a massive price tag, and most companies don’t have the
If your business sells on credit, you must also account for accounts receivable (A/R). Accounting gets more complicated when money comes in from invoices at different times and months.
One of the important metrics in A/R is Days Sales Outstanding (DSO). DSO helps you track A/R efficiency, identify potential cash flow problems, and plan strategic interventions to improve collections on
Understanding and accurately tracking the ins and outs of accounts receivable is a necessary part of booking keeping. Accounts receivable impact your balance sheet and income statement. In addition, tracking your accounts receivable is essential to predicting cash flow, identifying potential issues, and improving your collections process on unpaid invoices.
With the advancements in fintech capabilities, invoice factoring is gaining popularity as an alternative financing method for small businesses. Invoice factoring is the process of selling unpaid invoices for a cash advance.
While invoice factoring helps companies that can’t qualify for traditional small business financing, there are some drawbacks small business owners should consider.
If you’re considering invoice factoring and
A lot of farmers use equipment financing to acquire used tractors. Since the purchase price is lower, you can save on interest and usually afford shorter repayment terms.
However, you still want to ensure you’re getting a deal on the tractor and the financing.
