Blog

Ignite Spot Accounting delivers heftier reports than many other cloud accounting providers we checked out for this piece. Along with typical financial reporting (like profit and loss reports and balance sheets), you’ll get a KPI (key performance indicator) report and profitability analysis, among others. You have to enter more information about your needs to brigade [...]

Similarly, family members would appreciate a comprehensive real-time view of their financial position. It is also vital for key decision-makers to collaborate on investment decisions, which requires software that can be accessed remotely from multiple devices. Streamline your family office's bill payment and expense management functions using built-in check writing, ACH and wire payment methods, [...]

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 [...]

However, it is important to note that there is no one ideal cash turnover ratio number. As with other ratios, it should be compared to competitors and industry benchmarks. A limitation of the ratio could be when a company has a high turnover ratio, which would be considered as a positive development by creditors and [...]

ContentUnderstanding the Need for Financial StatementsIs Bad Debt an Expense?Is bad debt an operating expense?Different Ways to Calculate Bad Debt ExpenseHow To Record Bad Debt ExpenseWhat is a bad debt expense?Firm of the Future When a company does not have a lot of bad debt expense, this strategy is quite reliable. When the company is [...]

The matter recorded in each phase of the audit is taken and is used for summarizing. And this is done as a memorandum stating all the progress, results, mistakes, suggestions and plans. Sky Ariella is a professional freelance writer, originally from New York. She has been featured on websites and online magazines covering topics in [...]