Remote can do all the heavy lifting for you, giving you peace of mind and allowing you to focus your time, money, and resources elsewhere. If you’re thinking of outsourcing, finding, vetting, and working with multiple third parties is one option. However, this can easily lead to inefficiencies and unnecessary staffing costs, and make it […]
This way, if a customer claims that you failed to deliver, you’ll have your invoice to prove exactly what you agreed to provide. An invoice also helps if a customer refuses to pay and you need to take them to court over the debt. An invoice is a legal accounting document, and you need it […]
It can help you create professional invoices within a minute, set up automatic payment reminders, and even accept payments online. It also lets you track your time and expenses, making your billing process smooth. Since every client will have a slightly different preference for how they want to be billed, it’s best to set up […]
Get a financial snapshot of your enterprise to make essential decisions and analyse your business’s financial health. Easily import the ledgers and transactions from Excel to TallyPrime in just a few simple steps. It is so flexible that you can import your data to Tally regardless of how your data is organised or structured in […]
If a project has an initial investment of $1,000 and earns a 10% internal rate of return for 5 years, it is equivalent to earning 10% over 5 years. The company can use this to determine if an investment makes sense or not. If the sum of all the discounted cash flows (including the cost […]
As you grow, having a professional, outsourced accountant on your side gives you the advantage of proactivity rather than reactivity. Trained accountants can spot red flags ahead of time and notify you about things like cash flow discrepancies. From humble beginnings, the global outsourcing market has grown at a rapid rate as governments realize the […]
Suppose we’re tasked with calculating the long term debt ratio of a company with the following balance sheet data. Short term debt should be kept off — otherwise it is the capitalization ratio, or “total debt to assets” that is calculated, instead of the long term debt ratio. Capital is necessary to fund a company’s […]
Fortunately, you don’t necessarily have to hire an accountant full-time for your manufacturing business at first. Outsourced accounting from a CPA firm is less expensive and may be enough to meet your needs. Ledger Fi has come through for me big time – to say that this is a bookkeeping/tax firm is underselling what they […]
Different levels of access and permissions can be set for various users, ensuring the protection of sensitive financial data. Shoeboxed allows you to export contact information to various CRM systems so all your business contacts are organized and accessible within your preferred customer relationship bookkeeping for franchisee management tools. The platform provides a clear audit […]
Progress billing allows you to invoice clients based on the percentage of project completion. Use time-tracking software or detailed timesheets to ensure accurate allocation of labor costs to each project. Using Hubstaff’s time tracking app for construction businesses, you can automatically generate time cards for your workers. This ensures payroll receives accurate data for the […]
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