Which are the most important numbers to know to monitor the health of your business? How important is it really to create financial statements every single month?
Most of our SMB clients started their business because they are passionate about what they do, but usually they do not have any sort of professional training on how to manage financial side of their business before they start their business. As a result, while they know how to keep their clients happy and satisfied, they feel helpless about how to make sure their business is financially profitable to allow them to remain in business.
Continue reading Financial Reports: Important Numbers to Grow Your Business
President Donald Trump has signed into law the most extensive overhaul of the US tax code in nearly 30 years and it’s arguably the most significant legislation of Trump’s presidency. But for small and medium businesses (SMBs), across various industry verticals such as Automotive, Healthcare, Manufacturing, Not for Profit, Restaurant, Technology and Retail, the pertinent question is, how can they leverage this tax reform to their advantage?
In this blog, we will explore three critical actions that SMBs should take to stay on top under the new tax landscape
Continue reading 3 Ways SMBs Can Stay On Top Under the New Tax Landscape
Rosemont, IL – Quatrro Business Support Services, a market leader in providing cloud based business support services across diverse industries, is poised to create a new accounting standard for the Franchise Industry across the United States by conceptualizing and successfully implementing its “Asset Free Accounting Model” for a range of clients across existing and emerging industry verticals. Buoyed by the success in Restaurant, Retail, Automotive and Not-For-Profit (NFP) industry verticals, Quatrro aims to capture a significant share of the market and has already started enhancing penetration in several emerging verticals such as Hospitality and Healthcare.
Continue reading Quatrro’s Innovative “Asset Free Accounting” Model emerges as the new accounting standard for the Franchise Industry
In today’s highly competitive business ecosystem, optimal utilization of time plays a vital role to lead the business towards sustainable growth. The key decision makers of the business strive hard and devote their entire attention in analyzing and developing business strategies. Significantly, considerable time of SMB owners is consumed in managing bookkeeping and payroll services such as accounts receivable management, eventually affecting the efficient functioning of their business.
Many of the SMB’s across diverse industry verticals such as Retail, Hospitality, Restaurant, and Healthcare have realized that the key to a successful business relies on an efficient cash flow process as higher the cash flow, the greater the probability of enhanced profitability. As a result, a lot of these SMB owners are looking forward to partner with trusted service providers that can offer them a comprehensive customized industry specific accounting solutions such as Retail store Accounting Solution for Retailers, Grocery store Bookkeeping solution for Grocers, Restaurant Bookkeeping Solution for Restaurant operators, Hotel Accounting solutions for SMB hotels/motels, or Healthcare accounting solutions for SMB healthcare professionals/organizations.
Continue reading Outsource Accounts Receivable to drive working capital improvements