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Top Accounting Key Performance Indicators for a Marketing Company

Basis 365

So, let's explore the top accounting KPIs vital for a marketing company's financial management. It helps evaluate the profitability of acquiring and retaining clients. By comparing CLTV with CAC, marketing companies can determine their client acquisition efforts' overall return on investment (ROI).

Account 97
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Knowing when it’s time to update your accounting technology

ThomsonReuters

Is your firm running its gears on outdated accounting technology? Unfortunately, failure to do so places firms at a significant disadvantage. In fact, a recent survey by Accounting Today found that half of the firms surveyed said they plan to boost their spending on technology in 2023. Does your technology lack scalability?

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The Best Tips for Inventory Management for Small Business

Snyder

When you have a successful business , it’s important to be able to track and manage your physical goods, and inventory management will help you with that. Whether you’re just starting out or have been in the game for a while, good inventory management for small businesses will maximize your profits and minimize expenses.

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Handling Advanced Inventory Tracking Using QuickBooks Online

SchoolofBookkeeping

Advanced Inventory Tracking inventory Using QuickBooks Online For years the outcry from the accounting community has been “QBO doesn’t track inventory” and when QBO was first unveiled (circa 2000), that was 100% accurate. It’s a Pandora’s box that deserves a blog of its own, but needs to be mentioned.

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The Tax Technology Transformation: Getting Started

ThomsonReuters

As a result, understanding how to manage the transition to a more automated, technologically sophisticated department is a top priority for many tax leaders. Do you need tax technology? Everyone is exhausted from doing more with less for too long. Where does one start? And what does the decision-making process look like?

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Salary for Small Business Owners: How to Pay Yourself & Which Method (Owner’s Draw vs. Salary)?

LyfeAccounting

This time it is about you. . You need to decide how you’re going to get paid, how, and when. How do you decide how much to pay yourself? So in this post, I’m happy to give you both sides of the stick. I will tell you the business reasons in determining how to pay yourself.

Tax 52
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CFOs’ Biggest Challenges in 2023: Inflation & Recession

MineralTree

Keep reading to learn about each of these challenges and how finance leaders can face them head-on. Geopolitical tensions, ongoing supply chain disruptions, and economic disruptions only add more fuel to the fire. The rising demands for accurate financial data have also made data accuracy and timeliness more important than ever before.