In other words, the current ratio is a good indicator of your company’s ability to cover all of your pressing debt obligations with the cash and short-term assets you have on hand. It’s one of the ways to measure the solvency and overall financial health of your company. GAAP requires that companies separate current and long-term […]

For most small businesses, basic bookkeeping service in Boulder costs $110 per month up to $1000 per month for more complex situations or high volumes of transactions. When nonprofit membership organizations have unrelated business income, there are added wrinkles in accounting and bookkeeping. As a bookkeeping professional I am responsible for assembling, examining, and reporting […]

Their expertise in analyzing financial data, developing strategic plans, and managing financial risks is highly valued across industries. Shifting demographics, changes in consumer behavior, a dynamic tax and regulatory environment, technology, and a multitude of other factors are having a profound impact on the future of accounting. Which types of consultants are in biggest demand […]

Companies need to strike a balance between receivable collection and maintaining good customer relationships, while ensuring adequate liquidity for operations and growth opportunities. Simply put, too long or too short an average collection period could put the long-term sustainability of the firm at risk. Therefore, effective and strategic management of the collection period is crucial […]