Section 1031 Exchange: A Smart Wealth-Building Strategy

Anyone with a basic understanding of investing or accounting for real estate is likely familiar with 1031 Exchange Accounting. Here’s ProfitJets breaking it down for you so you can capitalize on a Section 1031 exchange and understand its implications in a real-world scenario. What is a 1031 exchange? In the US, when real estate investors […]

What is Accounts Receivable Factoring? How Does It Work?

Managing cash flow effectively is critical for sustained growth and profitability in today’s competitive business environment. Accounts receivable factoring, AKA invoice factoring, enables companies to leverage the value of unpaid invoices. This comprehensive guide shows the intricacies of accounts receivable factoring, empowering companies and financial professionals with a clear understanding of its functionality and potential […]

15 Accounting Terms, Words, & Vocabulary

If you’re a business owner, freelancer, startup founder, or working closely with your accounting team, understanding basic accounting terms isn’t just helpful—it’s essential. Whether you’re reviewing financial reports, preparing for tax season, or evaluating the performance of your company, fluency in accounting language allows you to make smarter, data-driven decisions. In this guide, we define […]

Accounts Payable Process & Cycle

Every dollar spent by your business should be tracked and verified—and that’s where the accounts payable cycle comes in. Managing payables efficiently ensures vendors are paid on time, errors are minimized, and cash flow remains healthy. As we step into 2025, small business owners and startups in the USA must embrace digital tools and best […]

The Ultimate Guide to Getting Your Business Finances in Order

Managing business finances effectively is key to the long-term success of any business, whether you’re a startup or an established enterprise. From ensuring financial separation between personal and business finances to maintaining an excellent business credit score, financial organization helps protect your company’s future. In this guide, we’ll cover essential steps to help you organize […]

Bookkeeper vs Accountant: What’s the difference?

If you have been introduced to commerce in your school grades, you will be quite familiar with the terms’ bookkeeper and accountant. Many who wish to pursue commerce in their higher education may envision being a bookkeeper or an accountant as their career goal.  However, those not bred in a commerce background might think that […]

Best Last-Minute Bookkeeping Tips For Every Business Owner

As the financial year-end or tax deadline creeps up, it’s common for small business owners to panic over disorganized records. But smart business owners don’t wait until the last moment—they prepare with the right bookkeeping tips and reliable systems. In this 2025 edition, we bring you actionable last-minute bookkeeping tips to help you clean up […]

Why You Can’t Afford to Be Bad at Bookkeeping

In today’s competitive business landscape, bad bookkeeping isn’t just a financial nuisance—it’s a silent business killer. Whether you’re running a one-person e-commerce store or a fast-growing startup, poor financial tracking can lead to cash flow disasters, tax penalties, or even business shutdown. In this updated 2025 guide, we explain why effective bookkeeping is critical, how […]

How Much Cash Is Required for Your Business’s Safety Net?

When uncertainty hits—be it an economic downturn, a late-paying client, or an unexpected expense—your business’s first line of defense is its cash safety net. But how much cash is enough? And how do you build and manage it effectively in 2025? In this guide, we help you determine the ideal cash reserve for your business, […]

Reasons to Improve the Invoice Approval Workflow in Accounts Payable

Efficient cash flow management starts with a seamless invoice approval workflow. If your accounts payable (AP) process is still tangled in manual routing, email follow-ups, or misplaced documents, you’re not alone—and you’re definitely at risk. In 2025, invoice approval delays not only lead to late payments and missed discounts but also hinder vendor relationships and […]