Other positive comments included that the platform was easy to navigate, employee access to update information was helpful and that the HR tools in addition to payroll made it an all-in-one platform. Customers who had good things to say about … Continued
The business offers bookkeeping services and packages are basic bookkeeping, mid-level bookkeeping, and advanced bookkeeping. Overall Office Solutions also offers stand-alone services which include notary services, payroll processing, reconciling, and QuickBooks set-up. Nancy Morelli has more than 20 years of … Continued
Once you have all your financial data in one place, you can use it to create financial statements. The balance sheet shows your business’s assets, liabilities, and equity at a specific point in time. The income statement shows your business’s … Continued
The other important thing to remember about accounting ratios is that they differ between industries. Profitability ratios are used to sift through revenue figures and calculate the company’s actual profits. Taken together over a period of time, the ratios provide … Continued
If they’re a new business, you’ll want to ensure that they get going on the right foot. And you’ll want to have a central location where you log agreed-upon rates for clients (if there’s any variation). If you require a … Continued
If you’re selling your consulting services through an accounting firm or management firm, you may not have to look very far for consulting clients. If you’re putting up a new independent contractor shingle, you will need to market and sell … Continued
The right time to manage all your business finances is from the start of this journey. A crucial factor in the constant growth of small businesses around the globe is a well-planned and implemented accounting strategy. As a business owner, … Continued
Corporation tax is something all UK limited companies have to pay on any profit they generate that’s not ring-fenced. To meet their obligations, companies must complete a corporation tax return every year and pay the amount due within nine months … Continued
While at first glance a low average collection period may indicate higher efficiency, it could also indicate a too strict credit policy. To calculate your total net credit sales, take your total sales made on credit for a given period … Continued
Consequentially, it may result in slower growth and potentially missed market opportunities. So, when a company’s average collection period is lengthy, it means its accounts receivable aren’t being converted into cash quickly. In other words, its current assets are reducing, … Continued