by staff | Sep 16, 2024 | Bookkeeping
Rather, concentrate on the time and effort you saved (not to mention, your sanity preserved) due to the help provided. You get sound advice based on the proper analysis of financial reports. This lets you examine the status of your business in relation to the...
by staff | Jun 20, 2024 | Bookkeeping
In the finance and accounting industry, accrual and cash basis accounting are the two major accounting methods used. Both of these methods contrast starkly when it comes to how they present a company’s financial position. Calculating cash basis in accounting is quite...
by staff | Feb 26, 2024 | Bookkeeping
Front office software robots help to streamline and simplify customer-facing processes like customer service or sales. These processes are always going to have humans involved to interact with the customers and make decisions that require human judgement. The front...
by staff | Jan 16, 2024 | Bookkeeping
The inclusion of Depreciation and other non-cash items is also important to remember when preparing a cash budget. The cash budget helps ensure that the company has enough-but not too much-cash on hand during the period ahead. To fix your finances, you need to get a...
by staff | Nov 27, 2023 | Bookkeeping
The operating cycle is also known as the cash-to-cash cycle, the net operating cycle, and the cash conversion cycle. An Operating Cycle (OC) refers to the days required for a business to receive inventory, sell the inventory, and collect cash from the sale of the...
by staff | Jan 10, 2023 | Bookkeeping
If your invoice matches the agreed-upon terms in the sales order, you should have a legally binding agreement. Disputes can still delay payment and cause cash flow issues for your business. To begin the ordering and Accounts Receivable process, a customer will place...
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