This is because accurate financial records will help you as a business owner and other stakeholders to get a true and fair view of how your business performs. The second most common task a bookkeeping service can provide is monthly bank reconciliation. Bank reconciliation is the process of matching the financial records in a company’s […]

However, overcoming these challenges leads to more efficient and seamless early payment processes. Can dynamic discounting lead to confusion for businesses dealing with multiple suppliers? Yes, managing dynamic discounts from multiple suppliers can be complex. Clear communication, robust systems, and regular reviews can help minimize confusion and optimize benefits. How does early payment frequency impact […]

In Excel, you can adapt the formula to accommodate tiered commission structures by using nested IF statements to apply different commission rates based on sales thresholds. When it comes to calculating sales commissions in Excel, it’s important to be able to handle different commission structures. This can include tiered commission structures where the percentage of […]

While he was VP of accounting, the steel mill was losing money and about to be shut down. When he talked to the board of directors about his ideas for turning it around, they elevated him to CEO. Before he took the lead, there was a very tense animosity between management and the union. CFOs […]

The Growing plan is best suited for growing businesses, grants the same capabilities in addition to the ability to send unlimited quotes and invoices, enter unlimited bills, and reconcile transactions in bulk. Remember that your cash flow management is less about what you have coming in and out and more about when your money moves. […]