by azatravels_n7e1ap | May 23, 2025 | Bookkeeping
External factors significantly impact the average collection period of an organization. Understanding these factors can help businesses optimize their collections processes and minimize Days Sales Outstanding (DSO). This section will cover three primary external...
by azatravels_n7e1ap | May 22, 2025 | Bookkeeping
In addition, properly managing the ACP and keeping it low is necessary for any company to operate smoothly. Comparing your organization’s industry benchmarks helps determine whether its average collection period is within a reasonable range. A company with a...
by azatravels_n7e1ap | Aug 7, 2024 | Bookkeeping
Shareholders’ equity is the total value of the company expressed in dollars. Put another way, it is the amount that would remain if the company liquidated all of its assets and paid off all of its debts. The remainder is the shareholders’ equity, which would be...
by azatravels_n7e1ap | Jul 26, 2024 | Bookkeeping
Rule 86(5)(b) was called in question after a business operating movie theaters in the state requested a refund of sales tax remitted on bottled water and prepackaged candy. The matter ended up in court, and in 2020, the State of Michigan Court of Appeals invalidated...
by azatravels_n7e1ap | Jul 25, 2024 | Bookkeeping
Founder/president of the innovative reference publisher The Archive LLC, Tom Streissguth has been a self-employed business owner, independent bookseller and freelance author in the school/library market. Holding a bachelor’s degree from Yale, Streissguth has...
by azatravels_n7e1ap | Aug 1, 2023 | Bookkeeping
The time period you choose to examine is irrelevant as long as sales and variable expenses are from the same dates. Total revenue is the full amount of total sales of goods and services. Whether you’re launching a new product, reviewing your existing offerings, or...
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