The InvoiceSherpa Blog

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What is Accounts Receivable Turnover? | AR Turnover Formula and Calculation

Managing accounts receivable is one of the biggest pains in any business, let alone managing the AR turnover. But despite it’s difficulty, it is also an extremely important part of managing any business and keeping cash flow headed in the right direction. Continue reading to find out how you can calculate and manage accounts receivable turnover ratios.

Use These 10 A/R Tactics to Get Your Invoices Paid on Time, Every Time

Do the invoices you send never get paid on time and are always late? Yikes! Let’s explore a process you can use to make this problem go away. In this article, you’ll learn 10 ways to ensure that your invoices get paid on time, every time!

How Long Should You Keep Accounts Payable Invoices?

There are many small details new business owners should be aware of. Even though they might be small, it could still be essential. One question that business owners, both new and old, might ask is:

The Five Most Important KPIs for Small Businesses

Once you gather your courage and your resources to start your own business, it's easy to get in the groove and lose sight of the Big Picture. To make sure you protect your investment and keep your business on the right track, you need to pay attention to KPIs.

Maximize Accounting Software

According to some studies, about one-fifth of small businesses still don’t use an Accounting Software Program. They are relying on spreadsheets or paper and pencil to track income and expenses the “old fashioned way.” While this can certainly work - it did for centuries - it’s not the best use of anyone’s resources. Just because you can do something doesn’t mean you should.

Top Accounting Tips for Small Business in 2020

Time to turn the calendar not only to a new year but a new decade. What a wonderful time to take stock of how things are and make plans for the best possible years ahead. Here are some of the very best accounting tips for small business in 2020.