Experts say that a capital turnover ratio calculation of 1.5 to 2.0 is good. If the number is too high, it’s a working capital indicator that your available funds are too low. It tells you whether or not your leadership is good at managing cash flow within the organization. The best way to use Working […]
To bring context and to see why this metric is so important for measuring business efficiency, let’s take a look at a few examples. A lower than the desired ratio shows that the working capital is not optimally used to generate sales & optimization may be required. In case of a very high ratio, it […]
Make sure you are on the right QuickBooks plan, so you aren’t paying for features you don’t need. Here’s a complete breakdown of what’s included with each QuickBooks Online pricing plan. Businesses with simple accounting needs and a smaller budget for software. Automatically sort transactions from connected accounts into tax categories for easy organization. Use […]
Current liabilities are any outstanding payments that are due within the year, while non-current or long-term liabilities are payments due more than a year from the date of the report. If you’re ready to revamp your Chart of Accounts and immediately experience more actionable financial analyses, download our free template now. Here at Graphite, we […]
At the end of the year, review all of your accounts and see if there’s an opportunity for consolidation. Here’s how to categorize transactions in QuickBooks Online and navigate the COA. Many, or all, of the products featured on this page are from our advertising partners who compensate us when you take certain actions on […]
You’ll have payroll that is tailored for your business and allows you to track labor to each project and customer. This video shows you how we onboard a new client company and how we transform their books into a precision construction accounting system. These sessions can keep everyone aware of the latest tax regulations and […]
Consistent cash flow is vital to cover payroll, materials, and other ongoing expenses, enabling smooth operations and reducing the need for costly short-term financing. Infrastructure projects like roads, bridges, and utility installations require careful tracking of large-scale equipment costs, labor, and materials. These projects may also involve government contracts, which require detailed reporting and compliance […]
A professional bookkeeper ensures timely tracking of accounts receivable and payable, preventing cash shortages and delays. With better cash flow visibility, businesses can plan expenditures, negotiate supplier terms, and ensure smooth project operations without financial disruptions. This guide covers key aspects of construction bookkeeping, including the role of a construction bookkeeper, recording expenses, and industry-specific […]
We also weighted the number of responses, giving higher scores to providers that had at least 300 positive reviews to help reduce bias. The Forbes Advisor Small Business team is committed to bringing you unbiased rankings and information with full editorial independence. We use product data, strategic methodologies and expert insights to inform all of […]
Most importantly, it doesn’t sync with any third-party payroll providers. In contrast to Wave and its competitors, Xero includes inventory management with every plan, even its cheapest plan. Businesses that sell products can track them more easily — and for a much lower starting cost — with Xero than they can with QuickBooks, FreshBooks or […]
