This would result in an improper action plan which might be counter-productive for the organization’s A/R operations. Let’s say the same company A makes $20,000 worth of credit sales in a month and receives around $16,000 as receivables. This metric reflects the average balance of the accounts receivable line item on your general ledger during […]
Mentally rehearsing what I was going to share with others about my decision to stop drinking eased a lot of anxiety in my early days of socializing sober. There are a lot of stigmas that come with sobriety, and it can be exhausting to navigate the never-ending stream of “why don’t you drink? The fear […]
Drinking in moderation means you’ll likely need to turn down a drink now and again. Planning exactly how you’ll say no—in a quick, polite, and convincing way—can make it easier for you to stick with your convictions and avoid a spiral of uncomfortable excuses. John C. Umhau, MD, MPH, CPE is board-certified in addiction medicine […]
As you dig deeper into the world of ERP systems, you will encounter hundreds of terms and concepts. While you don’t need to familiarize yourself with all of them, there are a few key phrases you need to know so that you can effectively navigate ERP platforms and choose the right option for your business. […]
Most business owners are used to carrying out frequent account reconciliations. Finally, you need to make sure all transactions are matched to already-entered transactions, or categorized and added if there is no such transaction entered already. QuickBooks will attempt to match downloaded transactions to previously-entered transactions to avoid duplication. After completing an account reconciliation, a […]