Accounting Tools

AUGUST 4, 2023

Related Courses Bookkeeper Education Bundle Bookkeeping Guidebook What is the Asset Conversion Cycle? The asset conversion cycle is the process by which cash is used to create goods and services, deliver them to customers, and then collect the resulting receivables and convert them back into cash.

Cash Collection 75

Cash Collection Collections Billing Bookkeeping 75

Accounting Tools

JUNE 19, 2023

Related Courses Bookkeeping Guidebook Corporate Cash Management How to Audit Cash Optimal Accounting for Cash What is a Cash Reconciliation? A cash reconciliation is the process of verifying the amount of cash in a cash register as of the close of business. Close out the cash register.

Bank Reconciliation 75

Bank Reconciliation Cash Collection Reconciling Collections 75

Outsourced Bookeeping

FEBRUARY 28, 2023

Accounts Receivable – Need for Metrics & KPIs: The information stuck in soloed legacy systems, disorganized processes, manual operations, and inconsistent collection process makes AR vague. The need for more visibility and control is akin to staying in the dark about your cash collection process.

Accounts Receivable 52

Accounts Receivable Accounts Receivable Account Receivables AR 52

Outsourced Bookeeping

FEBRUARY 28, 2023

Accounts Receivable – Need for Metrics & KPIs: The information stuck in soloed legacy systems, disorganized processes, manual operations, and inconsistent collection process makes AR vague. The need for more visibility and control is akin to staying in the dark about your cash collection process.

Accounts Receivable 52

Accounts Receivable Accounts Receivable Account Receivables AR 52

Accounting Tools

JULY 28, 2023

Related Courses Bookkeeping Guidebook How to Audit Revenue Revenue Recognition What is the Installment Method? An overview of the installment method is that someone using it defers the gross margin on a sale transaction until the actual receipt of cash. Calculate the gross profit rate for installment sales occurring in that year.

Cash Collection 40

Cash Collection Accruals Collections Record Keeping 40

Jetpack Workflow

JUNE 27, 2023

Instead of including every service possible under the CAS umbrella—bookkeeping, virtual CFO, financial reporting, and more—a more meaningful approach is for firms to focus on their strengths. Clients can easily find alternative service providers for tasks like tax preparation or controller services.

Accounting 52

Accounting Accounting Financial Reporting Cash Collection 52