Late payments. Companies of all sizes must deal with them. It is very common for customer invoices to be paid 30 to 90 days after the commonly accepted net-30 ─ which can seriously and detrimentally affect a business’ cash flow. The fact is that cash reserves can be quickly drained when payments …
Small Business Accounting Articles and Interviews (tag)
Why Your Business’s ERP Solution Needs an Accounting Module
Accounting and financial operations are important parts of successful companies, regardless of the industries in which they do business. As software solutions incorporate automation into their design, systems designed to simplify financial tracking and accounting continue to be developed. …
Failing to Spot Signs of Insolvency Could Lead to Your Downfall
Alongside the daily management of your business, from securing new orders, marketing to customers, and navigating the service delivery process with suppliers, as a company director, it’s your legal duty to prepare and file the accounting records of the business, or seek the services of an accountant …
How to Start Your Own CPA Firm
So, you’re thinking of starting a CPA firm? That’s great! Starting an accounting firm can be extremely rewarding. No more limits to pay raises. No more answering to a boss. Plus, you’ll have the time to build your own product and discover your potential market. Basically, business owners are only …
5 Ways to Keep Your Business Accounts Organized
Organizing business accounts is an essential practice for any investment, irrespective of the size, and keeping your business accounting organized right from the start pauses a challenge. Accounting becomes difficult for your small business if you take it as tedious and intimidating, but spending …
Five Ways An Accountant Can Save Your Business Money
Saving money is essential for individuals as well as organizations as they can reinvest the money they save into other areas. An example of the benefits of saving money is that you will have additional finances that you can spend on the staff to keep them motivated and productive. You can offer …