Written By

Novo Editorial Team

An ACH transfer is an electronic funds transfer between banks that allows money to be pulled from one account to another through the Automated Clearing House network (ACH). ACH transfers can help businesses collect payment quickly.

Written By

Novo Editorial Team

Nearly 30% of small businesses fail because they run out of capital, otherwise known as cash reserves. In fact, low working capital is one of the main reasons new companies go belly up. This statistic underscores how crucial it is to understand how working capital works.

Written By

Novo Editorial Team

Profit First accounting is revolutionary because it involves entrepreneurs paying themselves before addressing any expenses. For decades, small business owners have accepted less compensation than they deserve because they pay themselves last, after spending most of their money on their business expenses. Profit First flips this idea on its head and provides a more desirable way to conduct business for the modern entrepreneur.