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Many businesses are effectively endangering their cash flow management by using cash basis accounting as their primary method of tracking their day to day financial dealings. This can develop into a serious problem. Cash basis accounting doesn’t comply with GAAP principles. Source: www.accountingdepartment.com If you’re surprised to learn that, keep reading. Even though there are […]
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Recently we looked at a new client’s balance sheet and saw that there were way too many accounts that gave rise to issues based on our understanding about his company. We realized that he perhaps didn’t fully appreciate the importance of his balance sheet and how to read it. It is crucial as a business […]
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Job costing, which is the single most important task in an estimating systems process flow, is something that is often neglected by so many start-up, small and mid-sized construction companies. Failing to job cost effectively or failing to execute it altogether, would be similar to a pilot attempting to fly a plane through thick cloud […]
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Growing too fast can be dangerous to your company’s health. Use the Sustainable Growth Rate ratio in order to track your company’s financial ability to grow. What typically tops the list of worries of the chief executive officers of fast growing companies? Financing that growth, according to surveys over the years. This is because many companies […]
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What can you do if you do have an Accounts Receivable balance on your Cash Basis Balance Sheet? First, modify the following report, to help you locate the transactions making up this balance: From Laura Madeira’s QuickBooks 2010 Solutions Guide – • Select Reports, Company & Financial • Select Balance Sheet Standard • Click the […]
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Catalyst QuickBooks
