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When a client buys goods or services on credit, they receive an invoice, which they will pay after a specified period. One of the primary goals of accounts receivable management is to ensure the timely collection of outstanding invoices. This ensures strong cash flow and can strengthen your customer relationships. Key Performance Indicators for Successful [...]

All the online calculators’ figures are from either the balance sheet or the Profit and Loss account. To read more on these reports, read our accounting basics section. The debt-to-equity ratio calculates the relationship between a company’s total liabilities and its shareholders’ equity. The ratio can be used to assess a company’s financial health and [...]

Discover how to grow your accounting practice and become a next generation firm through high value advisory services with Practice Forward. Yes, an accounting consultant designs and implements effective accounting systems tailored to a business's unique needs, improving accuracy and compliance. The consultant can fill this void and provide high-level advice on financial management. An [...]

It is also much faster to access cash information in a cash book than by following the cash through a ledger. Let’s take a look at a couple of examples of cash receipts journals. To make sure cash receipt journal entry you have cash receipt accounting down pat, check out the example below. Say you [...]

We’ve helped franchises of all shapes and sizes with a scalable bookkeeping solution. Get the full picture of your financials or drill down location data in seconds with our custom reporting for franchises. Of course, you’ll also need to keep track of the revenue your business is making so that you can understand your cash [...]