4 Easy Steps to Automation of the Accounting Process

This will give you a sense of which processes are costing you the most time or headaches, and which you should automate first. CCH iFirm Practice Manager is best suited for firms https://www.bookstime.com/ that require their workflow tool to deeply integrate with the CCH ecosystem. Aero Workflow is best suited for solo accountants looking for […]

Debt to Equity Ratio: a Key Financial Metric

A high debt-equity ratio can be good because it shows that a firm can easily service its debt obligations (through cash flow) and is using the leverage to increase equity returns. Suppose a company carries $200 million in total debt and $100 million in shareholders’ equity per its balance sheet. The formula for calculating the […]

Accounts Receivable Turnover Ratio Calculation

Companies may do this accidentally or for a specific reason, it is not necessarily a deliberate attempt to mislead investors. Regardless of the why Investors must remain vigilant and understand how a ratio is calculated before making decisions on whether to invest or not. But remember, as with any financial ratio, it’s important to compare […]

Bookkeeping 101: A Beginners Guide On Where To Start

In order to stay up to date on who owes you what, you’ll need to track accounts receivable. A small business can likely do all its own bookkeeping using accounting software. Many of the operations are automated in the software, making it easy to get accurate debits and credits entered. Once the entries are assigned […]

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