Accounts receivable and cash flow are intimately intertwined. For many businesses, accounts receivable are the primary source of cash flow, so it is critically important that they are managed rigorously and proactively.
Cost accounting or “costing” is a key tool to achieve those goals and many more. Detailed, accurate costing can provide valuable insights, but many business owners struggle to account for their costs or don’t fully understand the numbers their accountants or bookkeepers present to them in costing reports.
When you outsource a non-core aspect of your business like your financial processes, you free up time, energy, and resources to focus on what really matters: your business’ profitability and growth. A proven, reliable financial process outsourcer can take a variety of tasks off your plate and probably do them better at the same time. Let an outsourcer’s employees do what they do best, and free yourself and your employees to focus on building a great business.
BKE is proud to announce a new business relationship with MSP Consulting, an experienced advisor specializing in high-performance merchant payment service.
Maintaining a general ledger the right way is key to achieving a financially healthy business. Learn how to do that with these helpful guidelines.
A recent Supreme Court decision is bringing big tax changes — and challenges — to small businesses that sell online. Here’s what you need to know.