Receivables turnover ratio definition, explanation, formula, example and interpretation
This is usually calculated as the average between a company’s starting accounts receivable balance and ending accounts receivable balance. The accounts receivable turnover ratio calculates how effectively a company collects accounts receivable (the money a customer owes the company). Another name for accounts receivable turnover ratio is debtors turnover ratio. In other words, the company […]
Pet Dental Insurance: Protecting Your Pet’s Oral Health
Sometimes, when invoicing for unclear and and undetermined consulting services, it pays dividends to showcase examples or samples of work performed for that specific client. Provide tangible reminders and justification for invoiced services. If utilizing a reputable invoicing system like Freshbooks or Honeybook to create and manage your invoices, proudly display the logo and name. […]
A Guide to Bookkeeping: Skills, Salaries, and Careers
Make sure that you consider that certain times will be busier than others and that your cash flow situation will fluctuate. You need to budget for these uncertainties and create a cushion to ensure you can always cover your expenses. You should consult your own professional advisors for advice directly relating to your business or […]