October 02, 2024
Charles Lutwidge
What Is the Quote-to-Cash (Q2C) Process?
Building a sustainable business necessitates optimizing a company’s operations to increase sales and fulfill orders without delays. Implementing the quote-to-cash process (QTC) requires taking multiple steps toward higher profitability. Experienced sales professionals recognize the significance of focusing on customer satisfaction,...
Delegate your financial records to a highly qualified bookkeeper and forget about bookkeeping stress forever.
September 26, 2024
Charles Lutwidge
What is Payment Reconciliation?
Achieving sustainable growth necessitates minimizing losses and allocating funds to development. Companies lose 5% of annual profits due to inconsistent financial records. Embracing time-tested payment reconciliation practices is the only way to proactively fix discrepancies and ensure that accounting records...
September 18, 2024
Charles Lutwidge
What Is Accounts Receivable (AR) Automation?
Maintaining a company’s financial health involves monitoring payments for delivered products. Tracking accounts receivable (AR) allows firms to collect money in time and ensure that there will be enough cash to cover current expenses. Building a sustainable business necessitates processing...
September 18, 2024
Charles Lutwidge
Food Truck Accounting: Essential Tips for Maximizing Profitability
Small business owners must carefully monitor their finances to understand their current situation and avoid breaking laws. Adherence to strict accounting standards is especially critical regarding food truck accounting. The average profit margin in the restaurant sector ranges from 3...
September 10, 2024
Charles Lutwidge
What is Accounts Payable (AP) Automation?
Entering and verifying data across accounts payable (AP) is tedious, as employees waste time waiting for approvals. Even though processing invoices manually is arduous and time-consuming, only 31% of companies leverage AP automation to expedite workflows. Recognizing the untapped potential...
September 04, 2024
Charles Lutwidge
How Recurring Billing Can Benefit Business?
The rise of the digital economy, where services are delivered via the Internet, changes how ventures interact with customers and process cash flow. Nearly 70% of company owners highlight that subscription business models open limitless prospects for them. However, shifting...
September 02, 2024
Charles Lutwidge
A Guide to Retainer Fees for Lawyers
Each legal case is a complex challenge that requires deliberate analysis, strategic planning, and a deep understanding of the law. Lawyers must navigate the specific circumstances, study previous precedents, and dive into individual client needs to achieve the best possible...
August 30, 2024
Charles Lutwidge
Hotel Budgeting Process: How to Prepare Hotel Budget?
There are more than 1.5 million luxury hotel rooms worldwide, and this number is projected to increase by 12% by 2033 because the tourism industry has finally started growing after the pandemic crisis. As a lodging owner, you should masterfully...
