Maintaining tasks related to payroll for both big and small-sized companies can always consume a lot of time and so many business owners outsource such tasks to payroll companies and have them handle the job. These companies works in compliance with all the applicable laws, keeping the employer out of any kind of trouble. Continue reading Efficiently Manage Your Employees Payroll with Quatrro FPO
Various accounting and financial solution providers have a team of analysts who help a company owner understand his company’s
Get your business to new heights by improving its entire accounting process. You can do this by outsourcing bookkeeping tasks. Such third party bookkeepers get into your accounting process and with their skills and use of bookkeeping software, they ensure you with error free and quality work in a timely manner. Continue reading Bookkeeping Software and Services for Effectively Managing Your Accounting Process
In our previous blog, we talked about the second ingredient that you, as an SMB owner, should consider when reviewing the financial reports for your business – which was ‘Tracking Expenses.’ Now in this blog, we will delve into detail about the third ingredient to consider which is, ‘Accounts Receivable.‘
By definition, accounts receivable is the amount that is owed to a company by its customers. It is the sum of unpaid invoices, and is an important line item to note on your financial reports, Accounts receivables, like cash, are considered assets. However, unlike cash, high amounts of accounts receivables are definitely not considered good. If your company’s accounts receivable balance is large, that means you have a lot of money owed to you by your customers. A sharp increase in the accounts receivable line item on a financial can certainly be a likely indicator that the company is issuing credit to riskier customers.
Accounting and financial solution providers are well-experienced personnel, who easily identify duplicity (or) any other fraudulent activity happening within the organization that helps avoiding any unpredictable financial loss.