Month: March 2020
A Guide for Accounting Advertising
Now, let’s talk about some of the most effective digital marketing techniques for CPA firms. I’m an entrepreneurial CPA that founded Xen Accounting, a 100% cloud-based accounting firm, in 2013. Following its acquisition in 2018, I started Future Firm to help accountants fast-track the growth of a modern, scalable accounting firm of their own. Promotions…
Read MoreMarketing for Accountants: 27 Marketing Ideas for Accounting Firms 2023
PPC advertising is another valuable strategy for accounting firm marketing that helps you reach potential clients. If you have the budget, your marketing plan for accounting firm may involve paid advertising. Paid advertising generally refers to digital (aka PPC) ads, but it may also include newspaper and TV ads. An example of a SMART goal would…
Read MoreDrinking too much alcohol can harm your health Learn the facts
Alcohol consumption by an expectant mother may cause fetal alcohol syndrome (FAS) and pre-term birth complications. A causal relationship has been established between harmful drinking and incidence or outcomes of infectious diseases such as tuberculosis and HIV. Alcohol use disorder can include periods of being drunk (alcohol intoxication) and symptoms of withdrawal. Alcohol use disorder…
Read MoreAlcoholism and Alcohol Abuse
Getting drunk after every stressful day, for example, or reaching for a bottle every time you have an argument with your spouse or boss. It may be due to social pressure, a desire to relax, a coping mechanism for anxiety, depression, tension, loneliness, self-doubt or unhappiness, or a family history of abusing alcohol. Alcohol when…
Read MoreWorking Capital vs Current Ratio Dont Calculate WC the Wrong Way!
A company’s poor current ratio may give prospective investors the impression that it occasionally leaves short-term debt unpaid. Understanding current ratios also provides the company with a comparison tool that can be used to benchmark progress against rival companies. The current ratio is a liquidity measure that identifies how many dollars of current assets are…
Read MoreWhat is accounts receivable management? + Tips to improve it?
You will thus avoid delays and see the favorable effect on your liquidity. Many entrepreneurs (especially younger ones, who tend to sanctify their clients a bit!) are reluctant to resort to follow-ups. Taking his phone when the payment deadline has been reached (always give preference to verbal reminders!) is part of the customer service and…
Read MoreCurrent Ratio Explained With Formula and Examples
However, if working capital remains negative over a long period, it could indicate a problem. If a company relies on loans or stock issuances to cover its current liabilities, it needs to review its business strategy. Continuous working capital issues leave companies unable to grow and develop since all current assets go toward operational costs.…
Read MoreInventory Expense: Deducting the Cost of Goods Sold
Inventory would be considered a long-term asset, as it is something that a company expects to use for more than one year. CapEx is typically recorded on the balance sheet as opposed to the income statement. As soon as a customer gives you money in exchange for that item, it moves from the category of…
Read MoreWhat Is a Receivable Management Service?
Many businesses prefer to simply outsource the accounts receivable collection process. Sometimes, despite your best efforts, some customers may fail to pay their invoices on time or at all. In such cases, you may need to enlist the help of a reputable collection agency that can recover your outstanding debts in a professional and ethical…
Read MoreOutsourcing your accounting and bookkeeping
Outsourced accounting is when an organization hires a third party to accomplish its finance and accounting services. You should only hire an outsourcing firm if it complies with the security standards. This prevents the company from disclosing any business information without authorization. It would surely help if you verified that the company possesses the required…
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