Gross margin paints a complete picture of operational profitability when combined with other marginal ratios down the income statement. There are several major types of profitability ratios that focus on different aspects of earnings performance. Examining trends among these key…
Regular audits and reconciliations further strengthen the reliability of financial records. Trends in doubtful accounts provide actionable insights into the effectiveness of credit policies and customer management strategies. For example, a rising proportion of bad debts may signal the need…
As your business grows, you may consider real estate accounting software. This is a paper or digital record of all financial transactions coming through your real estate business bank account(s). With everything in one place, you can easily track every…
Hubdoc, Xero’s data capture tool, hubdoc helps automate bookkeeping tasks and free up time to focus on adding value to your clients. This course is for clients who will be using Hubdoc for their bookkeeping. Share the link so they…
The records from the income statement help you know if your company can gain profit by increasing revenue or decreasing your costs. By choosing the right accounting method for your specific type of business, you can gain better control over your…
