by Tripp Hristopoulos | Aug 4, 2016 | Accounting, Bookkeeping 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 being converted to cash. Here’s how to calculate it: DSO = Accounts receivable balance /...
by Tripp Hristopoulos | Jun 23, 2016 | Accounting, Business Development
The best cakes have layers and layers of different delicious flavors to enjoy. Stacked on top of one another, each layer is baked separately and becomes part of the whole. Like a layer cake, your business expenses have layers of meaning to them. When you can...
by Tripp Hristopoulos | Apr 28, 2016 | Accounting, Business Development
Two very important skills for entrepreneurs to master are marketing and finances. Combine them by understanding the numbers behind marketing, and you have an even more powerful understanding of exactly what makes your business tick. Key Numbers – Cost Per Client...
by Tripp Hristopoulos | Mar 31, 2016 | Accounting
Outsmart your accountant and other financial friends with these accounting-related definitions: Fiscal Year Most companies report their results on a calendar year, from January 1 through December 31. Some companies use a different year for reporting, and that’s called...
by Tripp Hristopoulos | Dec 10, 2015 | Accounting
It’s good to know some basic accounting terms, and here are ten terms with friendly definitions for your review. Asset: Essentially, assets are what you own. These include your bank accounts, business equipment, and even the amounts that customers owe you....
by Tripp Hristopoulos | Oct 15, 2015 | Accounting, Business Tips, Cost-Savings Tips
Small business owners have a lot on their plates, and time simply does not allow you to become an expert in all the areas required for running a business. Here are a couple of common mistakes that we see all the time. Correcting them will help you be more productive...
