What is the Formula for Cash Collection?

Understanding the components of the formula can better equip you with the knowledge needed to control your own cash flow. Now, you must multiply your collection rate for each bucket with the receivables balance from each bucket. To calculate cash collections from...

What Is a Cash Book? How Cash Books Work, With Examples

Let’s say, for example, you have a retail business that sells t-shirts called BigT. The following are business transactions and how cash receipt journal entry they would be posted into the cash receipts journal. Journals are the foundation and an important part...

Quickbooks Online Vs Desktop

However, businesses with three or fewer users that plan to use only the standard version of QuickBooks Premier are better off saving their time (and money!) by signing up for QuickBooks Pro. On the surface, QuickBooks Pro and QuickBooks Premier are very similar. Both...

Accounts Receivable Turnover Ratio Formula Analysis Example

This team of experts helps Finance Strategists maintain the highest level of accuracy and professionalism possible. The year-over-year growth formula is one of the most reliable ways of tracking your long-term growth. When you know where your business stands, you can...