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8 Must-Have Numbers for Evaluating a Real Estate Investment

Against what most math-allergic people might prefer, real estate investment requires a level of math. Thankfully, most of the calculations involved in a typical real estate investment are simple. Moreover, there are also a wide number of advanced tools available out there that can help you with the overall ease of real estate calculation. The […]

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Strategies for Optimizing your Accounts Payable

Are you losing your key suppliers due to an inadequate tracking system of recording the due dates for payments? Do you find that you are not able to avail the benefits offered by suppliers in terms of discounts offered for early payment? If these are regular problems faced by you, then you certainly need to […]

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Bank Reconciliation Process: A Step-by-Step Guide

A bank reconciliation process is whereby you compare your business sales and expenses records against your bank’s records. The process verifies your accounting numbers, ensuring the balance on your books reflects those shown on your bank statement. Businesses ought to run a bank reconciliation process every end month. Once you acquire your monthly bank statement, […]

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How to Handle Outstanding Accounts Receivables?

The financial strength of a business can be assessed as to how quickly it can convert its current assets into liquid cash. Outstanding accounts receivable represents the crucial component of current assets. Any businessman would like to have his cash collection cycle to be minimum and in line with their cash payment cycle. A business […]

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Common Accounts Payable Challenges and Solutions

The amount owed by the business for the credit purchase of any goods or services is termed accounts payable. Accounts payable is vital for any business and a blunder in the accounts payable process can incur huge losses for the business. It plays a key role in shaping up cash flow, thus requiring constant monitoring […]

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Benefits of Having a Good Accounts Receivable System in Place

Liquid Cash is the backbone of every business enterprise. It is imperative to have a proper rolling of finances to keep a business stable and flourishing at all times. A good accounts receivable system contributes majorly towards business growth as it provides an appropriate format for tracking and collecting dues from customers. Not only does […]

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A Simple Rental Property Accounting System for Small Landlords

Wouldn’t it be a lot convenient to have a system that simplifies all your transactions? Imagine a rental property accounting system that helps you keep track of all your transactions all throughout the financial year. The system we will consider here works wonders for small landlords. It will allow you to scale your business without […]

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5 Key Accounting Trends to know for 2020

According to a report by Sage released recently, 67% of the accountants believe that their profession is now more competitive when compared to past years. 83% say that their clientele today has higher expectations from them if we compare to the conditions five years back. Technology has transformed every department of the professional world, whether […]

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Bank Reconciliation – Best Practices to Follow

The article focuses on the four aspects of bank reconciliation to help understand the best practices that should be adopted in all organizations. It is imperative that bank reconciliation be a part of your accounting practices. Businesses can follow these steps to avoid confusion, foresees accounting pitfalls, and ensures the highest standard of accounting. Compliance […]

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Choose the Best Way to Collect Your Rent (Rent Collection)

For those of you who are property owners or landlords, there is always one troublesome unanswered question – how do you make sure that you get your rent on time? The reason for this is very simple. The rent could be your primary source of income, and if you don’t keep a tab on your […]

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