August 9, 2022
Estimates are given before the work is started, typically during the negotiation or planning phase. They allow clients to decide whether to proceed based on the projected costs. Invoices, however, are issued after the service or product has been delivered, confirming the transaction’s final details. The client receives the invoice as a request to settle […]
Read MoreDecember 21, 2021
I’ve seen firms with 40% profit margins go under because they couldn’t manage cash flow. And I’ve seen firms with 15% profit margins thrive because they had excellent lockup management. The clients who push back hard on reasonable payment terms (payment due within 10 days, retainer replenishment policies, bi-weekly billing) are usually the ones who would have become payment problems anyway. But […]
Read MoreOctober 12, 2021
Because we know how important these matters are to you, we take great care to provide top-quality financial reporting, tax help, assistance in business valuations, and mergers and acquisitions. BiggsKofford is there to give you a greater understanding of the numbers — and solid footing for the big decisions they’ll help you make. The team […]
Read MoreDecember 25, 2020
This forces teams to produce faster, more accurate results with the same or fewer people, ultimately making finding the right accounting automation software critical. If you have a small business and simple finances, consider handling your own book-keeping initially, as this is typically the most cost-effective option. Many free online courses and resources can help […]
Read More