How to Increase Revenue Quality in Your Firm
Cash flow is the lifeblood of a business, and your accounting practice is no exception. The quicker you get paid, the better it is for your cash flow, which is why many accountants have made the move to billing their clients up front in monthly installments, rather than invoicing annually after the work has been completed.
Here’s one accountant’s journey from debtor chaos to cash flow nirvana.
Mid-afternoon, Arun enjoyed nothing more than a pot of Earl Grey tea, served from antique Royal Worcester porcelain. It gave him the lift he needed to push through to the day’s end. Arun had acquired his appreciation of the finer things in life as a partner in a prominent mid-tier accounting firm. ...
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