by Something Else | Oct 23, 2024 | Bookkeeping
This means it takes approximately 36.5 days on average to collect payment from customers. A lower ratio is preferable as it indicates the company is collecting from customers more quickly. It directly impacts how much operating Bookstime cash a company generates and...
by Something Else | Oct 23, 2024 | Bookkeeping
It’s useful to periodically compare your AR turnover ratio to competition in the same industry. This provides a more meaningful analysis of performance rather than an isolated number. However, if you have a low ratio long enough, it’s more indicative that AR is being...
by Something Else | Oct 23, 2024 | Bookkeeping
Nigel Sapp is a content marketer at Numeric, partnering with top accountants to break down best QuickBooks practices, thorny accounting topics, and helping teams navigate the world of accounting tech. Step 1: Compare Balances The purpose of preparing a bank...
by Something Else | May 27, 2024 | Bookkeeping
With its unified data system, you can keep all financials consistent and up to date, improving overall project control. I chose Viewpoint Vista because its real-time reporting lets you track costs and project performance as they happen, providing up-to-date insights....
by Something Else | May 24, 2024 | Bookkeeping
It categorizes expenses such as labor, materials, and overhead to provide a detailed analysis of project expenses. Job costing for contractors compares actual costs against budgets, leading to more accurate financial reporting and better project management in the...
by Something Else | Jul 17, 2023 | Bookkeeping
Many construction firms enter into government contracts, where paperwork and records are essential to getting paid. These types of contracts require thorough, complete, and accurate bookkeeping records. Many construction companies have multiple projects happening at...
Recent Comments