Bookkeeping

By focusing on these areas, businesses can enhance their operational efficiency and ultimately improve their working capital turnover ratio. A strong correlation exists between the working capital turnover ratio and a company’s overall business performance. Some businesses have seasonal or cyclical fluctuations in their sales and working capital, which can affect their working capital turnover…

Choosing the right accounting software means carefully evaluating your organization’s specific needs, budget constraints, and the features that will best support your mission and ensure compliance. Look for software that understands nonprofit financial management goals, such as tracking restricted versus unrestricted funds and generating reports for board members and donors. FreshBooks has carved out a…