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Showing posts with the label Best Accounting Software Singapore

Track Financial Performance Indicators

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Accounting tools are the best key performance indicators to measure and track company performance. KPI always provide a clear view of your business.  This KPI also helps in finding the underperforming area to prevent the loss. Here we discuss some of the financial performance indicators. Continue Reading… Some of the Financial Performance Indicators Operating Cash Flow Working Capital Current Ratio Debt to Equity Ratio LOB Revenue Vs. Target LOB Expenses Vs. Budget Accounts Payable Turnover Accounts Receivable Turnover Inventory Turnover Return on Equity Quick Ratio Customer Satisfaction From the above list, we will discuss a few of them briefly. Operating Cash Flow To know about your routine operating expenses, you have to track and analyze your operating cash flow. Through this process, you can able to compare the operating cash flow with a total capital. Working Capital Working capital is immediately available cash. Working capital can be calculat...

Track Time and Integrate With Accounting Software

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Employ time tracking is a difficult task for business people.  Business people need proper time tracking system to know how the employees spend their time in business hours to complete the single task or multiple tasks. If the time is not tracked properly they may lead to productivity issues, poor company morale, etc. First, give a brief explanation about the time tracking to employees Implementing the time tracking system in business is a critical task. So you have to clearly explain the benefits of the time tracking system. Such as Improves the company workflow Helps in recognitions Big data for future strategy Helps in finding the spot areas to capitalize on productivity Then select the perfect time tracking program Time tracking apps available with a lot of features such as integration, remote check, etc. Before purchasing the time tracking system for your business you have to ensure that the time tracking system can able to integrate with the ...