Category Archives: Finance

Bento for Business gets two software awards from FinancesOnline

By | Accounting, Business Prepaid Debit Card, Company News, Finance | No Comments

We’re happy to announce that Bento for Business scored big in a recent analysis by trusted B2B directory FinancesOnline.com. Reviewers gave their double thumbs up, scoring us an 8.0 out of 10 with a user satisfaction rating of 94%. They noted how our prepaid cards and expense management platform make it easy for business owners to control employee spending, prevent cash leaks, trim down operational costs, and make expense management more transparent. Additionally, we received the 2017 Rising Star Award and Great User Experience Award in FinancesOnline’s best expenses management software category. Experts…

Read More

Accounting Professionals: Don’t Miss These Upcoming Conferences

By | Accounting, Bento Tips, Education, Event Planning, Finance, Growth | No Comments

Thanks to the technological revolutions over the recent years, the accounting industry has witnessed a paradigm shift in processes and practices. Whether you’re a professional bookkeeper, accountant, CPA executive or business finance professional, you should upgrade your professional skills throughout your career to sustain growth and avoid stagnation. These days, that often includes keeping your accounting technology relevant and effective. Attending popular accounting conferences is not only a great way to network and get the…

Read More

Personal vs Business Expenses – Can I Deduct This?

By | Finance | No Comments

Knowing how to differentiate between your personal and business expenses can save you not only money on tax payments, but from any potential errors which might land you in trouble with the Internal Revenue Service (IRS). If you’re an incorporated business, deducting expenses helps reduce your business taxes. If you’re a sole proprietor, it helps you decrease your regular income as well as your self-employment tax. While the IRS offers both personal and business deductions,…

Read More

Top 5 Small Business Accounting Software Choices

By | Accounting, Finance, Software | No Comments

There are a myriad of accounting tools available on the market, with various features and benefits. However, some of them stand out due to their advanced features, ease of use, reliability and utility. Here are our current top five small business accounting software choices. 1. Fresh Books: highly rated by its users, this tool offers everything you need, from unlimited invoicing and bill management to multi-currency billing and mobile apps. 2. QuickBooks: the first name…

Read More

3 Ways to Get a Small Business Loan

By | Accounting, Finance | No Comments

Business Loan Application Form It may be harder to get a small business loan since the 2008 financial crash, but that doesn’t mean it’s impossible. To keep the economy running like a well-oiled machine and keep the American people employed, small businesses need to be able to thrive. Since 1995, small businesses have generated over 65 percent of new jobs in the US and today they employ over 50 percent of the working population. With…

Read More

Why Is It So Hard to Get a Small Business Loan?

By | Accounting, Finance | No Comments

The big gripe for small business owners nowadays is how difficult it is to get a small business loan. The days of community banks lending their neighbors a hand have been replaced by the skittish attitudes of big banks post-recession. But why, exactly are banks so timid about lending to small businesses? It basically boils down to three things: 1. It’s not cost-effective for banks Beyond the fact that small businesses are riskier than established…

Read More

Is Your Current Expense Management System Allowing Employee Theft? Probably.

By | Accounting, Bento Tips, Business Prepaid Debit Card, Finance | No Comments

Top Expense Management Problems & One Solution As a business owner, cash flow is always top of mind. You set rules and processes in place to ensure that every dime that comes in and out is accounted for – yet somehow cash still slips through the cracks. A significant amount of this leakage is due to intentional or unintentional employee theft, and it adds up to $50 billion per year for businesses in the US….

Read More

How Big Data Can Help You get a Small Business Loan

By | Bento Tips, Business Prepaid Debit Card, Finance | No Comments

Non-traditional Ways That Banks Rate Your Creditworthiness If you’re looking to get a small business loan, it’s time to take down those photos of you drinking the tequila worm in Cabo on your Facebook page. As small business lending moves away from traditional institutions such as banks, alternative lenders are looking more and more at alternative sources of information to determine financial responsibility. And your social media footprint is just a small piece of that…

Read More

Why Can’t Banks Innovate?

By | Bento Tips, Business Prepaid Debit Card, Finance | No Comments

Banking Innovation: Startup & Big Bank Synergy Banks run into a bit of a conundrum when it comes to innovating. Essentially, the problem is that the institution of banking has one rule: avoid risk. This is a big hurdle when considering innovation, which is fraught with risk-taking. Innovation can even be a little scary when it comes to banks, as we don’t want a bunch of committees innovating with our money. So, do we even need…

Read More

Will Mobile Payments Become More Popular in 2016?

By | Bento Tips, Business Prepaid Debit Card, Finance, petty cash | No Comments

The Future of Mobile Payments The Money 20/20 Conference held in October in Las Vegas brought the future of mobile payments into the forefront of the FinTech world’s minds, which could be the cause of the recent forecast by eMarketer which predicts a massive growth (210%) in mobile payment usage in 2016. That’s an amazing increase, but part of the reason behind it is that at the moment people just aren’t using mobile payment technology….

Read More