Category: Bookkeeping

To optimize the AP turnover ratio, companies can leverage technology and AP automation to improve the efficiency of their accounts payable processes. Automated AP systems can streamline invoice processing, reduce errors, and provide real-time visibility into payment status. The AP turnover ratio primarily reflects short-term financial practices and may not be indicative of long-term financial…

Accounting software helps business owners understand how money flows in and out of their businesses. This can help you save time and make financial decisions quickly. These features help keep our invoicing, and accounting, free. You can effectively analyze the financial health of your business, find ways to generate more profit, and move forward with…

Now, let’s dive in to learn more about our favorite outsourced accounting firm— Jitasa. Let’s schedule time to talk about your needs in order to create a win-win situation. The machine-readable files are formatted to allow researchers, regulators, and application developers to more easily access and analyze data. The National Institutes of Health (NIH) has…

Most accounting software solutions offer basic accounts receivable functionality, and in-house accounting teams can handle AR tasks internally. However, AR automation software can help teams save time and can potentially improve AR efficiency. For large firms and any company with high transaction volume, software with accounts receivable automation functionality is recommended. Centime is a comprehensive…

The cash flow from operating activities section aims to identify the cash impact of all assets and liabilities tied to operations, not solely current assets and liabilities. The balance sheet organizes assets and liabilities in order of liquidity (i.e. current vs long-term), making it easy to identify and calculate working capital (current assets less current…

Additionally, budgeting allows startups to identify and address potential cash flow issues, enabling them to make necessary adjustments to their financial strategies. Moreover, startups can use budgeting to prioritise spending and make informed investment decisions. But what if you need to come up with a down payment for an bookkeeping and payroll services office or…