Trade Receivables Collection Period: Importance and Management Financial Terms Explained

It has many uses such as allowing a business to evaluate its credit policies, helping in decision-making process, being an indicator of performance of the credit control department of the business, etc. It might also have some limitations when used on its own and must used as a comparison tool to produce useful results. The […]

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Fixed and variable costs: Definition and examples

Recognizing the significance of these costs on their overall financial health, the company maintains a keen focus on optimizing operations and maximizing profitability. Comprehending the relevance of variable costs is paramount for any business aiming to thrive in a competitive landscape. Variable costs, intimately tied to production or sales volume, wield a significant influence on […]

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How to Adjust Payroll Liabilities in QuickBooks Explained Scott M Aber, CPA PC

Adjusting payroll liabilities in QuickBooks Online allows you to correct any discrepancies and maintain is a share buyback right for your company accurate financial records. This process involves reviewing your payroll liabilities, identifying the adjustments required, making the necessary changes, and verifying the adjustments to ensure they are accurately reflected in your financial reports. This […]

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Top Online Bookkeeping Services to Simplify Your Business

Remote books keeps my book-keeping life simple. For small businesses, bookkeeping services aren’t any less important than they are for bigger players. We utilize the industry’s leading accounting software, QuickBooks and Xero, renowned worldwide for their effectiveness. Our cutting-edge technology seamlessly integrates major banks into our system, facilitating monthly downloads and information exchange. For entrepreneurs, […]

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Accounts outsourcing to India: 7 key benefits & top agencies

Outsourcing helps businesses save time and resources while benefiting from high-quality labor. Finsmart Accounting offers scalable remote accounting teams with the right sizing options to meet your evolving requirements. Whether you are based in Mumbai, New York, or anywhere else in the world, our offshore team of accountants and bookkeepers in India, can get the […]

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