Trade Receivables Meaning, Reconciliation, Examples, Formula

As a business owner, it is imperative to comprehend the concept of trade receivables to efficiently manage your cash flow, mitigate credit risks, and guarantee prompt customer collections. Effective management of trade receivables serves as a critical aspect in maintaining financial stability and propelling business growth. Non-trade receivables are another category of asset representing money…

Accounting Workflow- what is it and why do I need it?

This clarity simplifies onboarding for new staff, reduces training time, and maintains consistency in service delivery. Opting for Cone can transform your financial operations into more streamlined, cost-effective, and time-efficient activities, making it a superior choice for modern accounting needs. Opting for Cone can transform your financial operations into more streamlined, cost-effective, and time-efficient activities,…

Quicken Review 2023

We believe everyone should be able to make financial decisions with confidence. Quicken has changed its service to a subscription model, meaning that you can’t just buy the software anymore. Instead, you’ll pay an annual fee to keep accessing the program. While it doesn’t have features for freelancers like Quicken Home & Business, it offers…

A New Approach to Hotel Management Fees

There are various types of management fees, depending on the specific industry or area of expertise. This section will discuss investment management fees, property management fees, and project management fees. Under a tiered investment management fee structure, different asset levels are assessed their own specific fee rates. Understanding these terms can help property owners avoid…

5 Benefits of Outsourced Accounting

Interested in exploring whether outsourcing would be a good approach for your firm? In some areas, such as marketing, website design and maintenance, HR, and internal IT support, the level of ongoing activity may not justify adding full-time positions. Outsourcing is a persistent and growing trend for businesses of all sizes for a number of…