The average age of accounts receivable (A/R) is calculated by dividing 365 by the annual A/R turnover ratio. Average Age of Receivables = 365 days A/R Turnover Ratio A lower average age of receivables indicates that a company is collecting its debts more quickly, which is generally considered a positive sign for a company’s financial…
How To
How to Hire a Virtual Assistant in 6 Steps
Hiring a virtual assistant (VA) requires understanding your needs, crafting and posting a job listing, and screening candidates to ensure a good fit. Although it can be daunting, finding a VA for your business can be simplified using the steps in this guide. Explore each step and follow a structured hiring process in hiring a…
How to Choose Brand Colors in 5 Steps (+ Examples)
Choosing brand colors is an essential step in creating your brand’s identity. Think about this: Hospitals and banks often employ blue, but beauty shops use pinks and pastels. To select the right brand colors, you’ll need to express your brand’s personality. Once you can do that, take a moment to consider the meanings behind the…
How To Use the QuickBooks Online Fixed Asset Manager
QuickBooks Online Advanced users can use the built-in Fixed Asset Manager to store key fixed asset information and compute depreciation. In this guide, we’ll go over how to use the QuickBooks Online Fixed Asset Manager by showing you how you can add and edit fixed assets and generate a depreciation schedule. Viewing the Fixed Asset…
Hiring After Layoffs: Strategies and Best Practices
As you navigate the challenges of hiring after layoffs, it is important to adopt a transparent and empathetic approach toward both existing employees and potential new hires. Hiring after a layoff requires careful navigation and strategic actions to rebuild trust and attractiveness for job seekers, as well as to avoid accusations of illegal practices or…
How to Do Payroll in North Dakota: Payroll Taxes, Laws & More
North Dakota is one of the simpler states in which to do payroll, as it is a pro-employer state. It does not have a lot of state-specific payroll laws and typically follows federal guidelines. North Dakota does have a state income tax; however, it’s one of the lowest rates in the country. Employers are also…
How to Hire International Employees in 4 Steps
Hiring international employees can bring a vast range of talent—and risk—to businesses. It requires careful consideration of laws, regulations, and cultural differences. With the right strategy, however, businesses can make the most of a diverse, global workforce. To effectively hire overseas employees, you’ll need to determine the type of worker you need, create and post…
How to Recall an Email in Outlook in 4 Steps
You unintentionally sent a wrong email in Outlook, and now you’re panicked. The good news is that the steps for how to recall an email in Outlook are simple. If you’re using the new Outlook, go to your Sent Items folder, click on the email you want to recall, and then click File > Recall…