So let’s chat about how the proper Financial Reporting can give your clients the lightbulb moment and raise their confidence in their business finances.
A visit with Duncan Lloyd, Executive Director of Cloudaccountant.com . Reach Reporting had the opportunity to visit with Duncan Lloyd, a Chartered Accountant that has held several high-profile FD positions including a large training provider. Cloudaccountant.com is a...
What makes a person genuinely good at what they do? What are those essential traits they possess to help them raise the bar in their profession? We all possess different characteristics and talents that make us unique.
Effective communication between an accountant and their client is the key to a successful partnership. Without it, all the numbers and data are useless.
There have been far too many times in my own life when I would go into work at 4:00 am to go home at 10:00 pm and go into my home office to work some more, only to do it all again in 3 more hours. I was not checking to make sure my business and life books were balanced, and I began resenting every day and becoming a person people avoided.
Net profit margin (NPM)is defined as the percentage of revenue left over once all expenses (this includes but is not limited to operating expenses, interest, taxes, and specific stock dividends) are deducted from a company’s total revenue.
The cash conversion cycle (CCC), also sometimes referred to as Cash Cycle or as the Net Operating Cycle, measures the time it takes for a businesses’ investments to become sales and then into revenue.
The faux pas of discussing money and salaries is out the door for this article. Whether we like it or not, money, and in turn salaries, are a BIG deciding factor in what career we study for, where we live, what jobs we accept, and how we live each day.
Just as the name suggests, ARPC is the average revenue generated from each customer per month. A company may also choose to calculate per quarter or year.
Financial reporting is SO much more than raw data in a spreadsheet. It is the story of your client’s business. A well-constructed financial report gives your client all the relevant information they need to make prudent financial decisions in a digestible, easy-to-understand form.
Before you get into accounting, or even if you are already years into your career, you may want to consider adding any of these six degrees to your accounting degree to give you the edge.
There can be a lot of soul-sucking repetition in accounting. However, there can also be intrigue and passion, and you don’t have to be a mafia accountant to experience it.