We’re your trusted business accounting and tax advisors, we’re like the high-priced Chief Financial Officer you could really use (but without the big salary, perks, and benefits). Nicole Anderson, owner of Excellent Bookkeeping Services, LLC is passionate about helping you EXCEL your P&L. She has worked in diverse corporate accounting roles for 25+ years, including […]
Seguir leyendoHere we’ll share the why, how, and benefits of setting up and maintaining a bookkeeping system for your small business. By comparison, physical files are immune to technical failure but do take up more space. They’re not as accessible as digital records, and if something Accounts Receivable Outsourcing catastrophic happens, such as a fire or […]
Seguir leyendoThe accounts receivable turnover ratio (net credit sales divided by average AR) measures how quickly a company collects payments. A high turnover ratio suggests strong credit policies and efficient collections, while a low ratio may indicate potential cash flow issues. Businesses often use factoring or securitization to accelerate cash inflows, though these methods may involve […]
Seguir leyendoStart your budget process by understanding where you are and where you’ve been. Review past financial statements, cash flow, and any existing debts to get 10 tips for creating budgets at nonprofit organizations a baseline for your budgeting process. Have your transportation costs increased 5% each year for the past three years? Step 2: Define […]
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