Category: Bookkeeping

Combining scientific literature with his easily digestible writing style, he shares his industry-findings by creating educational articles for manufacturing novices and experts alike. By doing all that, you could substantially cut down on inventory, reduce holding costs, prevent stock-outs and overstocking, develop a more reliable order processing time, and keep customers happy. In fact, C-items…

Overall Apple had a positive cash flow from investing activity despite spending nearly $30 billion on the purchase of marketable securities. In accounting, investment activities refer to the purchase and sale of long-term assets and other business investments, within a specific reporting period. The results of a company’s reported investing activities give insights into its…

By tracking trends in the accounts payable turnover ratio, financial analysts can identify liquidity risks early before they become more serious issues. Preventative measures can then be taken, whether improving collection of accounts receivable, securing additional financing, or finding ways to improve operational efficiency. Metrics like the receivables turnover ratio show how efficiently your business…

I can help you achieve your goals and guide you through your financial statements. Together we can understand where your money is coming from and where it is going. Stephanie Daubendiek is a licensed CPA since 2012 and has been in Public Accounting since 2008. Stephanie specializes in small businesses and enjoys watching individuals with an initially…

The first step is to assess your current financial workflows and pinpoint processes slowing down efficiency, prone to errors, or requiring repetitive manual input. Before exploring how to automate accounting, let’s first compare manual versus automated accounting to understand the key differences. By cutting out manual data entry, you’ll save time, reduce errors, and free…

With increased ROI through solid financial management, businesses can raise capital funds and attract more investors. If done right, financial management offers a crystal-clear look into a company’s finances. Finance is ideal for entrepreneurs looking to understand investments and business strategy, while accounting is crucial for financial management. Many accountants transition into finance roles by…

The final component of financial projections is balance sheet forecasting. Finally, EBITDA (earnings before Interest, Taxes, Depreciation, and Amortization) is a key profitability metric for SaaS companies. EBITDA indicates how well a company is managing its day-to-day operations, including core expenses such as COGS. EBITDA is often analyzed by investors as it reveals how efficiently…

And if you would rather have help with how to hire an accountant, check out our Staffing & Recruiting Services page. Most certified accountants have a degree in finance, making them an authority on the subject of cash flow financial management and tax. By having a professional handle your finances, you can leverage their knowledge…

First response time is a crucial customer service metric to evaluate your team’s impact because it affects revenue-related metrics like churn and retention rates. Bulk discount (also known as bulk pricing or volume discount) is a sales strategy that encourages customers to purchase more and with higher quantities at a lower price. This is particularly…