As traditional accounting firms are pivoting towards advisory services or entirely shifting away from tax, technology becomes pivotal. This post delves into eight crucial elements of a technology stack for Client Accounting and Advisory Services (CAAS) firms,...
Accounting, for many, brings to mind images of number-crunching accountants buried under mountains of financial statements. However, accounting is not just for accountants. With the advent of software like QuickBooks Desktop, QuickBooks Online, Xero, and Gusto,...
In this Reach Reporting tutorial, we will show you how to create a profit and loss statement for your business. Whether you use QuickBooks, Xero, Gusto, or import other data, Reach Reporting can help you generate professional and accurate financial statements. ...
Net profit margin (NPM) is a financial ratio that is widely used to measure the success of a company. It is an essential metric for investors, shareholders, and businesses to determine the amount of profit a company generates from its revenue. NPM is calculated by...
The cash conversion cycle (CCC) is a crucial metric in assessing a company’s financial health. It measures the time it takes for a company to convert its investments into sales and then into revenue. In other words, it accounts for the time it takes for a...
Average Revenue Per Customer (ARPC) is a metric that measures the average revenue generated from each customer per month, quarter, or year. While similar to customer lifetime value, it differs in that ARPC is a way to measure the overall health of a business on an...
