Bookkeeping

Before hiring an outsourced team, it’s vital to outline the necessary support and services, such as bookkeeping, reporting, payroll taxes, tax returns, transaction fee monitoring, etc. If you’ve decided to engage in an outsourced accounting services relationship, consider these tips to maximize your investment. Managing financial accounts, from bookkeeping to financial reporting, to managing invoices […]

Here are two important reasons why every business needs to keep an eye on their average collection period. It can set stricter credit terms limiting the number of days an invoice is allowed to be outstanding. This may also include limiting the number of clients it offers credit to in an effort to increase cash