by Trieu Cuong | May 14, 2024 | Bookkeeping
Regularly reviewing and adjusting pricing structures can also help optimize revenue generation. Building a strong network of industry professionals and suppliers can lead to cost-saving opportunities and beneficial partnerships. Lastly, continuously evaluating and...
by Trieu Cuong | Feb 28, 2024 | Bookkeeping
Ultimately, mastering catch-up bookkeeping empowers you to navigate the financial landscape with confidence, positioning your business for long-term prosperity. Under an accrual basis, if a customer doesn’t pay you for work completed, you can write this off as a bad...
by Trieu Cuong | Dec 27, 2023 | Bookkeeping
The good news is that modern project management software can help you automate most of these activities. Once you identify a process you can improve, you should find which process steps you can potentially automate. This way, you can repurpose that otherwise wasted...
by Trieu Cuong | Sep 29, 2023 | Bookkeeping
For instance, let’s say the hourly rate a manufacturing company pays to its employees is $30. Tracking the number of hours each employee works on the production line can be tricky. This is where a manufacturing time tracking app, such as Clockify, comes in handy. But,...
by Trieu Cuong | Sep 15, 2023 | Bookkeeping
total equity effectively represents how much a company would have left over in assets if the company went out of business immediately. A company’s equity position can be found on its balance sheet, where there is an entry line for total equity on the right side...
by Trieu Cuong | Aug 3, 2023 | Bookkeeping
As with most things, using the proper tools makes the job easier, especially in accounting, as a business gets larger and more complex. Most founders should consider a startup finance tech stack to simplify financial processes and steer the company in the right...
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