Accounting Tips for Small Business Owners

When starting a new business or trying to simply keep a small business afloat, there are many unique challenges that can pop up and cause a few financial problems. Although most people want to focus on the day to day activities involved with the business, the accounting section of the business is actually more important than anything else. If the small business owner cannot figure out whether or not a profit is being made, then serious issues with the profitability of the business should be right around the corner. It’s vitally important to get everything involved with credit card processing, budgeting, merchant accounts and every other financial aspect of the business in order as soon as possible if the business is going to turn into a success.

Separate Business from Personal

The first thing someone needs to do to run a successful business is separate their business expenses from their personal expenses. There is no reason to put the weekly groceries on the balance sheet for a small business. The best way to achieve this goal is to set up a separate bank account for the small business. Getting business credit cards would also not be a bad idea.

Hire a Professional

When it comes to tracking all of the expenses that come with running a business, it can be rather difficult to track everything. Sometimes it actually makes sense to spend more money on an accountant to make sure that everything is in order. Whether its credit card processing fees or old inventory, it can be rather difficult to keep track of everything that is going in and out of the business. An extra perk of hiring someone else to track the finances of the business is that they may be able to figure out a few areas where money can be saved.

Collect Payments

One final aspect of business accounting that actually gets overlooked is making sure that payments come in. Although these payments are the basis for any profits that are going to be made, it is important to make sure that everything is in order with the merchant accounts and invoices. Just because an invoice has been sent does not mean that it is going to be paid any time soon, and sometimes a client or customer will need a friendly reminder that they owe money to a business for goods or services received a few weeks ago.



It took me a while to decide who I wanted to settle with to handle all of my credit card transactions because every company wants to make it sound like they're offering you the best rates. was able compare and beat all of the other offers I received. They were also able to provide me the fairest price on my EMV-compliant terminal. My sales representative and the support team were there to assist every step of the way. Ultimately, I'm looking forward to a long term relationship with this company.

Roland Tran from the Hong Kong Kitchen

It is a pleasure dealing with these folks. Their pricing is fair, their statements are understandable and their employees are knowledgeable and friendly.

John MacMillian from the Great Lakes Baking Company

The service was very professional, my sales person (Steven B.) was very well versed in the product and most helpful in getting our company set up to accept credit cards via my cell phone. Their rates are some of the lowest on the market and their service is unparalleled. I will recommend them to anyone requiring a credit card processing service.

Michael Harper from Deluxe Auto Body

Jonathan C. is wonderful to work with. He is very helpful, accommodating and resolves any issue quickly. It is hard these days to find someone who gives great customer service, but I can say, Jonathan is the best! I would not hesitate to recommend him to any business owner and to assist you in helping to grow your business.

Linda Garner from Regali Da Forno

I called indecisive about getting a device, but speaking to your Sales Consultant completely settled me. He was very professional, knowledgeable and patiently walked me through the process. He always responded to my voicemails and answered all my questions. After I received my merchandise, he called following up to ensure that I had received it. Customer service I would say is 5 stars. Stellar! Thanks Credit Card Processing, I will definitely recommend you.

Sarah Morgan from Vision International Ministries
Call Us Today! (866) 837-0751

© 2016 All rights reserved. Privacy Policy
CREDITCARDPROCESSING.COM, LLC is a registered ISO of Wells Fargo Bank, N.A. Walnut Creek, CA

*Further terms and conditions may apply. Promotion contingent upon's receipt of written competing offer(s).

**Certain restrictions may apply.

Promotional offers brought to you by

Call (866) 837-0751 for details.