Bookkeeping

The Plumber’s Guide to Efficient Bookkeeping Practices

To effectively monitor accounts receivable and accounts payable, establish clear processes and systems. Send timely and accurate invoices to clients, follow up on overdue payments, and maintain open lines of communication with your suppliers. Utilize accounting software or digital tools to track and manage these accounts, and for generating aging reports and cash flow projections …

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Understanding a Restaurant Chain’s Cash Flow Statement

These cash-impacting events combined with lack of proper planning are the primary culprits for why many operators’ bank accounts consistently look like an EKG chart. In this article, we will discuss the value of managing cash flow for restaurants and offer a thorough tutorial on how to use a cash flow template to increase financial …

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