What’s Your DSO (Days Sales Outstanding)?

Posted on 27. Sep, 2016 by in Bookkeeping Articles, Marketing Tips, Services, Small Business Tips

If you grant credit to customers, then you have a balance in accounts receivable.  DSO stands for Days Sales Outstanding, and this helps you measure how fast your receivables are converting to cash. Here’s how to calculate it:  DSO = Accounts receivable balance / Annual net credit sales * 365.  DSO is measured in days […]

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5 Metrics to Gauge Your Business Performance

Posted on 22. Sep, 2016 by in Bookkeeping Articles, Marketing Tips, Services, Small Business Tips

Sometimes, the most telling numbers in your business are not necessarily in the monthly reports.  Although the foundation of your finances revolves around the balance sheet and income statement, there are a few numbers that, when known and tracked, can make a significant impact on your business decision-making.  Here are five: 1) Revenue per employee […]

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Five Tips For 5-Star Client Service

Posted on 20. Sep, 2016 by in Marketing Tips, Services, Small Business Tips

Are you interested in being known for your extraordinary customer service?  Or perhaps you just want your customers to feel like it’s easy to work with you or purchase from you.  If so, try these five tips for 5-star client service.  1) A good old-fashioned handwritten thank you note. Almost extinct, this customer pleaser shows […]

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7 Tips for Early Retirement

Posted on 15. Sep, 2016 by in Bookkeeping Articles, Services, Small Business Tips

When would you like to retire? Even if the answer is later versus sooner, most of us would like the freedom to decide. To do this, consider what it would take to create financial independence in retirement. Here are some ideas to help plan for an early retirement. 1) Start early. Establish your desire to […]

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Beyond Saving Trees: New Trends in Receipt Management

Posted on 13. Sep, 2016 by in Services, Small Business Tips, Uncategorized, Website Resource

Accounting automation has come a long way in the last few years, and the process of handling invoices and receipts is included in those changes.  No longer is there a mountain of paperwork to deal with.  In this article, we’ll explain some of the changes in this area. Vendor Invoices Most invoices are now sent […]

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Social Security Retirement Calculator

Posted on 08. Sep, 2016 by in Services, Small Business Tips, Tax Updates, Website Resource

If you are approaching retirement and are not sure what your benefits would be at retirement or perhaps waiting until you’re 70, check out the Social Security Administration’s website and use their Retirement Estimator: https://www.ssa.gov/retire/estimator.html. This tool pulls your earnings history and provides you with a customized estimate of your benefit at your retirement age.

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Cool Social Media Apps: Instagram

Posted on 06. Sep, 2016 by in Bookkeeping Articles, Marketing Tips, Services, Small Business Tips

With over 400 million active users monthly, Instagram could be a great opportunity to showcase your business.  It’s a mobile app where you can share photos and videos.  Instagram is owned by Facebook and is considered one of the major social media platforms. Instagram is a natural app to share photos of your products, team, […]

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Add a VIP Revenue Stream to Your Business

Posted on 01. Sep, 2016 by in My Favorite Things, Small Business Tips

If you’re looking for more ways to bring in additional revenue, then a VIP revenue stream is one option for many businesses.  Here are a couple of examples: A plastic surgeon has a long waiting line of patients.  The surgeon sets up a special membership fee of $3,000 per year for patients who wish to […]

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Seven Profit-Boosting Entrepreneurial Habits

Posted on 25. Aug, 2016 by in Uncategorized

As an entrepreneur, you are responsible for shaping your business success.  Any habits that sabotage your success in your personal life can often carry over to your business.  Becoming aware of these is the first step to success.  Here are seven success-boosting habits to double-check against your own.      1) Being able to say “No.”  […]

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Annual Credit Check More Important Than Ever

Posted on 23. Aug, 2016 by in Bookkeeping Articles, Services, Small Business Tips

Last year, the IRS admitted to a major breach into taxpayer records. This breach was not a hacking operation. The thieves had valid names, addresses, Social Security Numbers and more. They used this information to get by the security measures in place on the IRS website. The IRS believes these crooks will use the stolen […]

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