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Bookkeeping services in Albany NY
Why your bookkeeping practice needs an automated s...

Today, most bookkeeping is performed by humans, but with the advent of AI (Artificial Intelligence) and RPA (Robotic Process Automation), the future of bookkeeping is changing very quickly. Computers are taught how to perform bookkeeping tasks, …and they do them quickly and without error. Oh, and it is incredibly secure. Automated bookkeepers can now “read” bills and

automated bookkeeping solutions Schenectady NY
The art of remote out-of-office bookkeeping

Businesses of all sizes are learning how to function in an out-of-office structure during this pandemic. The challenges include the following to name a few: Maintaining current clients Acquisition of new accounts and business Keeping a healthy cash flow Functioning remotely, including sales, service, marketing, and accounting. Few companies are prepared to migrate their employees

New tools for collecting receivables

Small businesses fund their operations from cash generated by the business. While some companies accept their customers credit cards for payment, others invoice their customers or send a monthly statement. This is referred to as selling on credit because you are offering the customer credit terms (i.e. Net 30) to pay the invoice/statement. While many

What is financial visibility?

Overseeing and building a small business requires the owner to wear many hats. Have you heard the saying, “jack of all trades master of none?” We hear that phrase from many SMB owners trying to juggle sales, service, human resources, and most importantly- finance. Accurate and comprehensive accounting practices are critical, but don’t often equate

Expex Inc -managing cash flow
3 tips to help you get comfortable with understand...

Cash flow issues present one of the greatest challenges to business owners. It is estimated that 4 out of 5 business failures are a result of poor cash management. Future Transactions How do you ensure you have enough cash to pay for bills that are future transactions and not recorded as a bill from a

Bookkeeping for dentists in Albany NY
Challenges facing today’s dental practices.

According to the American Dental Association, there are 200,419 dentists in the United States (2019). Dentists have undergone years of education and practice to be successful. Dentists, like other professionals are not accountants, human resources managers or legal experts. The pandemic abruptly closed dental offices shutting off all revenue streams, creating significant challenges to dental

the word challenge spelled out on a clothesline
Running a small business requires a large undertak...

Many of our clients are small and medium sized businesses faced with numerous large challenges. They live and work to make their business successful yet without resources, many small businesses struggle to grow and make a profit. What are the challenges small business owners face? With so many articles written in numerous journals, the general

What is the debt to equity ratio and why should yo...

Let’s start at the beginning. What is a balance sheet? Even the most confident and experienced business owners stumble when we talk about the balance sheet. Don’t over think it: A balance sheet is a statement of assets, liabilities, and equity as of any given date. Typically, a balance sheet is prepared monthly, quarterly, or

How do you balance performing financial tasks and ...

There is only so much time in a day, week, or month. Performing financial tasks requires a good deal of skill and a whole lot of time. So many small businesses are started from a strong passion and a desire to do something that the owner is passionate about. We are fortunate to have so

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Bookkeeping services in Albany NY
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