A company can increase its working capital by selling more of its products. Broadly speaking, a high inventory turnover ratio is good for business. Granted, an increase in the ratio can be a positive sign, indicating that management, expecting sales to increase, is building up inventory ahead of time. The quicker the company sells the […]
Monthly Archives: November 2023
Smart Chatbot for Ecommerce Industry: Use Cases & Examples Chatbots allow users to interact with a business through a chat interface. They’ve been used quite commonly on websites and messaging platforms, but they’ve become widespread on eCommerce sites more recently. These bots can be rule-based, following a “choose-your-own-adventure” logic, and sometimes they use artificial intelligence […]
Many popular applications like TSheets, Bill.com, Expensify integrate seamlessly with QuickBooks Cloud. Unlike other QuickBooks hosting solution providers, Apps4Rent does not charge anything extra to allow additional applications on the Cloud Desktop. Based on the number of users, buy the recommended plan suitable for you. Recommended for more than 5 users using third-party apps along […]
Remember, the right business finance and accounting strategy can help you withstand any unforeseen circumstances later in the business. I often say, “If you aim at nothing, you’ll hit it every time.” This is especially true with your finances. Without a clear direction for your business’s finances, it’s nearly impossible to hit your targets. Although […]
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Bank reconciliation ensures your business’s internal financial records accurately reflect your cash flow. With bank reconciliation, you and your stakeholders can make decisions based on your bank records and financial statements, understanding both are accurate. For one thing, it helps you catch financial mistakes before they become bigger problems. For example, if you entered a […]
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