Money owing from customers in the form of accounts receivable is one of the biggest contributors to your company’s cash flow. While business success hinges on having positive cash flow activity - where there’s more money coming in than there is going out - the money that flows into your business can’t really be counted as income until it becomes cash-in-hand.
Topics: Cash Flow Management, Accounts Receivable, QuickBooks Accounts Receivable, Growth Coach
We, as outsourced bookkeepers, get a lot of questions thrown at us given the amount of networking, selling, blog commenting, training, etc. that we do. Though each answer varies depending on the situation at hand there is always a certain set of frequently asked questions we hear time and time again.
Topics: Remote Bookkeeping, QuickBooks Accounts Receivable, Sales, Salt Lake City Bookkeeping
The cash flow position of a small business can determine the success or failure of the business. On paper according to the profit and loss report many businesses look great; the bank account and angry vendors often reveal a different side to the story. I can't tell you how often we hear clients ask us "how come I don't have any money in the bank if my sales and profits are so high?" Typically the answer to this question is one of two things; overstated sales or the money is sitting in accounts receivable. Try these four simple ways to increase your business cash flow.
Topics: Cash Flow Management, Accounts Receivable, QuickBooks Accounts Receivable, Cash Flow, Business Sales
Running a business is a tough job, but Salt Lake City Bookkeeping can help. Between working with clients, managing employees, answering emails, returning phone calls and keeping track of an inventory, it can be hard to find time to do essential bookkeeping tasks. Basic bookkeeping skills are great if you have the time and use your skills fully. Unfortunately, many business owners don’t, and they end up with an inaccurate picture of the business’ financial status. Hiring a Salt Lake City bookkeeping service is an investment in your business that can help you stay on top of your financial and business goals.
Topics: QuickBooks, QuickBooks advice, QuickBooks efficiency, Bookkeeping Salt Lake City, QuickBooks Accounts Receivable Reports, QuickBooks Accounts Receivable, Salt Lake City Bookkeeping
