When analyzing your small business's performance, the accounts receivable turnover ratio is an important metric to know. This ratio evaluates how effectively you are collecting your receivables when customers buy on credit. Specifically,... Continue
Moms do it all.
In fact, recent Pew Research Center reports found that U.S. moms spent, on average, 25 hours a week on paid work in 2016, compared to only nine hours in 1965. They also spent 14 hours a week on childcare, which was up from... Continue
The discount travel service CheapAir.com recently took a look at more than 917 million — yes, that's 917,000,000 — transactions in its database with the aim of figuring out the best time to buy inexpensive airline tickets. If you or... Continue
You know your small business like the back of your hand. You've dedicated hours to its layout and organization, but do you feel the same about your balance sheet?
A recent survey found that 40% of small business owners spent at least 80... Continue
Your small business is growing and you have the opportunity to make an investment in your business. The investment will cost you $30,000 and is estimated to generate $6,000 a year for the next five years. Should you do... Continue
Your small business can't operate efficiently if you don't have your accounting practices down pat. This means that if you're feeling a little shaky on your accounts receivable accounting, you may want to give it another... Continue
You started your small business to make a profit. Now that you have, you may want to expand your operation even more. In 2017, 40% of small businesses said that improving customer experience and retention was their top strategy for... Continue
Assets can come in many forms. One in particular worth considering is accounts receivable. Your accounts receivable represent money owed to your small business from customers who have bought products or services on... Continue
Balancing your small business's balance sheet doesn't have to be difficult. By making sure your assets equal your liabilities plus your shareholders' (also called, owners') equity you will avoid having difficulty paying your operating... Continue