Accounts Payable 101: Streamlining Payments for Business Success

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Navigating the intricate maze of accounts payable can seem daunting for many businesses. When managed efficiently, it ensures a smooth cash flow and solid relationships with vendors. However, missteps can lead to unnecessary expenses, strained vendor ties, and operational hiccups. 

The role accounts payable plays is crucial within a business’s financial structure. But, finding the right accounts payable software tailored to a business’s unique needs can be challenging.

Especially for SMEs across Australia and New Zealand, navigating the intricacies of payable workflows can be challenging. The blend of best practices and modern technology is key to achieving timely payments, maintaining accurate records, and ensuring compliance.

In this article, we’ll delve deep into the world of accounts payable, highlighting common challenges and offering practical solutions. We’ll cover the basics of the accounts payable workflow and how you can enhance your existing processes for business success. 

What is accounts payable? 

The term accounts payable refers to the money owed to suppliers or vendors for goods or services received but haven’t been paid for. When a company receives goods or services before making a payment, these outstanding amounts are recorded as accounts payable, appearing as a current liability on the company’s balance sheet.

Accounts Payable and Cash Flow 

Accounts payable plays a significant role in a company’s cash flow statement. This financial statement reflects how changes in the balance sheet and income affect cash and cash equivalents. 

When a business delays its payable or takes advantage of extended credit terms, it can retain cash for other operational needs, thereby impacting its net cash from operating activities.

What is the difference between accounts payable and accounts receivable?

Although accounts payable (AP) and accounts receivable (AR) are two essential parts of a company’s financial accounting system, they represent opposite sides of financial transactions. Accounts payable is the money a business owes to its suppliers or vendors, while accounts receivable is money owed to a company by its customers. 

There are also differences in where they appear in financial statements. For example, AP appears on your balance sheet under current liabilities, but AR appears on the balance sheet as current assets. 

Accounts Payable vs. Trade Payables

The terms account payables and trade payables are often used interchangeably, but they have distinct meanings and applications. Trade payables refer specifically to the amount owed to suppliers for raw materials or inventory that are yet to be paid.

For instance, a retailer’s debt to a wholesaler for received merchandise would be considered a trade payable, while the retailer’s debt to a utility company for store electricity would not.

In short, trade payables are strictly related to core business operations (i.e., inventory or goods for resale). In contrast, accounts payable is a broader term that includes all short-term obligations of a business.

Why are accounts payable important?

For both small and medium enterprises (SMEs), effective management of accounts payable is crucial to the health of your business. Besides simply paying your bills on time, it contributes to responsible cash flow management and positive vendor relationships. 

Good relationships with vendors can lead to potential discounts, better agreement terms, and ensure a steady supply of these goods and services. Overall, an effective AP process can greatly influence cash flow and a business’s overall stability.

What are the common challenges with managing accounts payable?

SMEs often encounter several challenges in their attempt to properly manage accounts payable. 

  • Cash flow issues and late payments: Cash flow issues and late payments can strain vendor relationships and impact a company’s credit standing.
  • Inaccurate records and duplicate invoices: Left unchecked, small errors in records and duplicate invoices can lead to discrepancies in how much your company owes and missed payments. 
  • Fraud and compliance risks: Fraudulent invoices and the lack of internal controls expose businesses to fraud and compliance risks.
  • Manual and time-consuming processes: Companies relying on manual, outdated systems can suffer from delays and errors in data entry. This may lead to your accounts payable department becoming less efficient, further slowing business growth. 

Visory: Your Accounts Payable Solution 

In the complex landscape of managing accounts payable, having a reliable partner becomes indispensable. Enter Visory—our innovative solution that provides online bookkeeping services tailored for accounts payable management.

Visory doesn’t believe that one size fits all. Our accounts payable process is custom to your business, making it a perfect fit every time. 

Catering predominantly to SMEs across both Australia and NZ, Visory is not just a service; it’s an experience for businesses aiming to achieve seamless financial operations.

Benefits of Letting Visory Handle Your Accounts Payable 

Here are a few of the ways your business will benefit from handing your financial reigns to Visory: 

  1. Automated and Streamlined Workflows: Say goodbye to the tedious manual inputting and tracking. Visory’s platform automates processes, ensuring that your payments, vendor invoices, and reconciliations move smoothly without any hiccups. 
  2. Accurate and Real-Time Data: With Visory, your business isn’t getting stale spreadsheet data. Instead, you’ll get accurate, actionable insights. Our system provides you with real-time updates, ensuring that you’re always making decisions based on the financial data. 
  3. Secure and Cloud-Based Platform: In an era where security breaches are increasingly common, Visory places a premium on security. Offline accounts payables process can make you vulnerable to payment fraud. By operating on a cloud-based platform, Visory offers airtight security features that always protect your financial data. 
  4. Cost-effective and Scalable Service: One of Visory’s standout features is its adaptability. Whether you’re a budding start-up or an established enterprise, our services scale according to your needs. This flexibility ensures your company pays only for what you use, making it a cost-effective solution for all businesses.

In the dynamic realm of SMEs, effectively managing accounts payable is not just about paying bills—it’s about fostering trust, optimising cash flow, and driving business success.

Visory emerges as the beacon of modern AP management, providing SMEs across Australia and NZ with a seamless, secure, and scalable solution to conquer AP challenges and thrive.

How to streamline your accounts payable management

As your business evolves, so will your financial responsibilities. Your accounts payable management is one area that requires a modern touch to keep your company running smoothly. Let’s dive into how Visory tailors this process, ensuring efficiency and precision for your business. 

Streamlining accounts payable with Visory

  1. Transition to automated workflows: One of the initial steps is to switch from manual, time-consuming processes to Visory’s automated workflows. This not only saves time but also reduces the risk of human errors.
  2. Electronic invoicing: Digital transformation is the key. Instead of sifting through stacks of paper invoices, you can receive and process electronic invoices. Visory’s platform is designed to handle e-invoicing seamlessly, ensuring quicker and more accurate vendor invoice processing.
  3. Real-Time data access: Stay updated with your financial data. Visory provides real-time data updates, enabling businesses to make informed decisions quickly, based on current liability and the total AP on the books.
  4. Cost tracking and optimization: With Visory’s tools, businesses can track payments, monitor cash flow, and forecast upcoming financial needs, ensuring that money is always available when bills come due.
  5. Expert support: Beyond just software, Visory provides access to accounts payable professionals who provide you guidance while refining your payable processes. This ensures that the workflow is efficient and optimized for your business’s specific needs.

Best practices for streamlining your accounts payable

Streamlining accounts payable is not just about improving efficiency; it’s about enhancing accuracy, security, and financial health. Working to improve your accounts payable process will also help your AP team fulfill their role more effectively. 

Here are some recommendations for streamlining your accounts payable:

1. Automate your accounts payable 

Automation reduces manual entry errors, speeds up processing times, and ensures that payments are made on time. This not only improves cash flow but can also lead to cost savings.

2. Switch to electronic invoicing 

Electronic invoices can be processed faster than paper ones. They are also environmentally friendly, reduce the chances of lost invoices, and can be stored easily for future reference.

Encourage your vendors to send invoices electronically. Make use of digital platforms that support electronic invoicing and can easily integrate with your accounting system.

3. Seek out early payment discounts 

Many vendors offer discounts for invoices paid before their due dates. These discounts can accumulate over time, leading to significant cost savings.

Negotiate terms with vendors and suppliers. Regularly review invoices for any early payment discount opportunities and set reminders to ensure these invoices are paid within the discount window.

4. Check for duplicate payments

Duplicate payments can arise from various reasons, including system errors or miscommunication. Regularly checking for duplicates ensures that you’re not overpaying.

To thoroughly check for these duplications, regularly review your accounts payable ledger. Implement software that can automatically flag potential duplicate entries, ensuring that payments aren’t made twice for the same invoice.

5. Regular reconciliation 

Reconciliation ensures that your accounts payable records match with your general ledger and bank statements. It’s an essential practice to identify discrepancies, errors, or potential fraudulent activities.

Set aside dedicated time each month for reconciliation activities. Use software that simplifies this process by highlighting mismatches or discrepancies for further review.

Why choose Visory for your accounts payable management

Here are a few reasons why Visory is the best choice for your business’ accounts payable management.

Efficiency and productivity

The modern business environment demands agility. Our advanced tools streamline the accounts payable process, eliminating cumbersome paperwork and manual tracking of vendor invoices. By automating these processes, your team can redirect its focus to strategic operations, driving growth and innovation.

Accuracy and reliability

Precision is paramount in financial management. An overlooked expense report or an inaccurate vendor invoice can disrupt the fiscal balance. 

At Visory, our robust systems, paired with a dedicated team, ensure that every transaction aligns with your financial records, upholding the integrity of your balance sheet.

Security and Compliance 

Visory’s platform is not just cloud-based but also fortified with the latest security protocols. This ensures that sensitive data remains confidential and protected from breaches. 

Adhering to regulatory standards, especially in regions like Australia and New Zealand, is paramount. Visory’s solutions are designed with these standards in mind, ensuring businesses remain compliant and avoid potential legal pitfalls.

Savings and profitability 

Visory goes beyond just processing invoices. By emphasising timely payments, businesses can leverage early payment discounts, bolstering their cash reserves. 

Moreover, a coherent accounts payable workflow leads to reduced overhead costs. With Visory, your payable team achieves optimal cash flow, ensuring the business remains buoyant and profitable.

Let Visory streamline your accounts for business success 

We’ve discussed the challenges that come with managing accounts payable—ranging from cash flow issues and potential fraud to the tediousness of manual processes. Amidst these challenges, the importance of streamlining your accounts payable process is evident. 

Leveraging a solution like Visory brings a plethora of benefits, including automated workflows, real-time data insights, robust security, and cost-effectiveness.

Don’t leave your accounts payable management to chance. Allow Visory’s expertise to transform your approach, enhancing efficiency, accuracy, and profitability. To learn more, take a product tour or chat with an expert to set your business on a path to sustainable success. 

How To Know If Your Business is Financially Healthy

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Financial health is the heart of every business. It plays a vital role in determining a business’s efficiency and performance. Are you about to establish a new venture? Have you been in the industry for a long time? Whatever the answer is, it is crucial to understand your business’s financial health to determine its continued journey.

Knowing if your business is financially healthy will help safeguard major issues from arising and causing irreparable damage. Bookkeeping can help you know if your business is flat-lining or thriving because it details and updates your accounts and financial information.

Paying your workers monthly salaries is not the only determinant of a successful business. Do you have a steady cash flow? Are you saving any funds? Before we talk about how you can identify if your business is financially healthy, let’s see what a financially healthy business means.

What Is a Financially Healthy Business?

For a business to be financially healthy, it should control and manage its cash flow, profitability, operating efficiency and solvency within acceptable ranges. When you have deep knowledge about financial planning and management practices, your business has a great chance to be financially healthy.

How to Know If Your Business Is Financially Healthy

Sometimes, you get so busy with everyday tasks like making sales and managing customers that you forget to look at the big picture. Everyone wants to gain from their business. One way to do so is to check if the business is financially healthy. Here are tips for knowing the financial health of your company.

Know Your Numbers

Your books should contain information about your revenue, payroll, assets, equity, liabilities, overhead, cost of goods, expenses, and more. Every line item is essential, and you need to know them.

Knowing your numbers is the key to laying a solid foundation for a financially healthy business. 

Track Key Financial Ratios

You can use the numbers in your books to gain helpful information about the state of your business health. However, there are also many financial ratios you can use to assess your business health.

Liquidity Ratios

Liquidity ratios check the ability of a business to pay its bills when needed. It indicates the ease for businesses to turn their assets into cash. The current and quick ratios are the two common examples of liquidity ratios.

The current ratio compares the total current assets of a company to its total current liabilities. It shows whether a company has enough cash flow to meet its due debts with a safety margin.

To calculate the quick ratio, subtract your stock on hand from your current assets and divide the answer by your current liabilities. The quick ratio determines a business’s ability to meet immediate obligations using its most real liquid assets (quick assets).

Solvency Ratios

Solvency ratios show how your company can repay its debt obligations through sources other than cash flow. The leverage ratio and debt-to-asset ratio helps determine the solvency ratio.

The leverage ratio compares the total liabilities of a business to its equity. A high ratio often makes it difficult for a company to continue borrowing.

Debt to assets is a ratio of the total liabilities to total assets. It indicates the percentage of assets that creditors finance. In many cases, this ratio should not be more than 1.

Profitability Ratios

Profitability ratios not only evaluate the financial health of your business but also compares your business to others within the same industry. Common profitability ratios include gross margin ratio and net margin.

The gross margin ratio compares a business’s gross profit to its total sales. It evaluates the profit a business makes after paying the cost of goods sold.

Net margin is a ratio of a company’s net profit to its total sales. It indicates the percentage of sales revenue left by the company after all expenses have been paid, excluding income taxes.

Management Ratios

Management ratios track how well you are managing your working capital. How fast are you in replacing stock? How often do you pay your suppliers? How often do you collect debts outstanding from customers? Management ratios help to answer these questions.

You can compare your management ratios to other businesses within your industry to know how you can improve your business performance. You can use the ATO’s Business performance check tool to check where your company stands among competitors in the same industry.

Balance Sheet Ratios

Common balance sheet ratios include return on investment and return on assets. These ratios will show you how efficient and effective your investment is in the business.

Return on assets shows how well businesses generate profits from the assets applied in the business. The ratio only has meaning when compared to other companies’ ratios in similar industries.

Return on investment (ROI) helps you determine the profitability of your investment. It shows how a business uses its total assets to generate sales.

Stay On Top of Your Billing and Obligations

Create a process for invoicing your customers. Your clients won’t send payments early if you don’t invoice them on time. Be consistent with your billing to quickly receive payments and meet your financial obligations. A weak link can jeopardise the overall chain, and you could pay fees if you make late payments.

Always pay your bills, be it mortgage or rent payments, credit cards, tax payments, payroll, utilities, loan repayment, and vendor bills. Don’t forget that payroll is not just a financial obligation, as many laws govern it too. Pay your employees on time because their lives depend on it. Once you make any payment, record it in your books.

Set Aside Funds for Emergencies

People cannot predict global crises, but they can prepare for them. For instance, no one thought Covid-19 would affect businesses the way it did. The pandemic sent workers home and destroyed the supply chain for businesses that remained open. Issues in the supply chain often increase business costs, and you can cover these expenses with emergency help.

Collecting loans from banks, family members, or friends can take time. You can begin by building at least three months to one year’s expenses. With this, you’ll have funds at hand to handle any emergency that comes. You can use the funds to hire employees or invest in business opportunities. But ensure you use the money only when necessary.

Keep Personal, and Business Expenses Separate

Entrepreneurs often fail to separate their personal and business funds. Remember that knowing your numbers is one of the ways to determine a financially healthy business. But if you mix up your personal and business money, it becomes difficult to monitor.

Keeping a clean record allows you to see your profits and losses without interfering with personal expenses and income. You should set up a business bank account and open a business credit card. Doing this helps you get clean records and shows you where your funds are coming from and where they are going.

A financially healthy business clearly shows where you should invest and where to cut costs based on your immediate financial status. It helps business owners determine various strategies that will help propel their businesses.

During your business’s infancy, try to make good financial decisions right away. When you make positive financial decisions early, you’ll reap the rewards of your efforts fast. Your financial reports are what will guide you into making the right decisions.

Do you have issues getting a clean record and need help in bookkeeping, payroll, or financial reports? Get Started with Visory today.

How to Manage Your Accounting as an E-Commerce Business

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Starting an e-commerce business can be lucrative but comes along with some challenges. For instance, e-commerce accounting and bookkeeping can be complex and tedious. But keep in mind that these activities are among the dominant pillars in the success of your e-commerce business. Managing your finances correctly will help dictate the future of your business.

E-commerce accounting and bookkeeping also help you keep track of your income and expenses. When you keep your financial house in order, you can explore and expand other business areas.

What Is E-Commerce Accounting?

E-Commerce accounting is the process of collecting, analysing, managing, and reporting financial data regarding business transactions and assets in an e-commerce business. E-commerce is like any other industry, and managing financial data is important in making financial decisions in your business.

Evaluating financial data helps determine whether the business is on track for success or headed for financial difficulty In addition, you will categorise your financial transactions to help determine income and expenses. Below are key terms used in e-commerce accounting:

Purchase Order

This is a legally binding document that states the quantity and type of items a client intends to purchase. It also indicates the prices for the items to be purchased. Remember that this is not a payment, but the payment details must be incorporated.

Sales Order

This document is a response to the purchase order prepared by the seller. It showcases all the details of a sale and should incorporate client information, type and quantity of goods, payment information, date, and delivery address.

Cost of Goods Sold (COGS)

COGS refers to the collective cost of production and distribution of the products. The cost of goods sold entails costs such as shipping, storage, and credit card fees, to name a few. It does not include payroll, office space, software licenses, or marketing costs.

Categories of E-Commerce Accounting

E-commerce accounting is like any other business accounting, which requires preparing and managing financial information and tax management. There are three main e-commerce accounting categories: bookkeeping, reporting, and submitting tax returns.

Bookkeeping

Bookkeeping is imperative in business planning and operations. It helps assess balance sheets, inventory management, income, and expenditure. When you do not track your bookkeeping properly, you can experience difficulties analysing sales, inventories, tax records, and expenses.

Submitting Tax Returns

Numerous mistakes can arise when lodging and interpreting tax requirements. This may seriously impact your business, but e-commerce accounting helps you plan and prepare for these taxes. You will be able to track and lodge all applicable federal and state taxes with ease.

Reporting

After analysing your books and lodging required tax returns, reporting is essential in helping plan for growth. It is also the perfect instance for gathering all the necessary information required to scale your e-commerce business. This is important in defining your business goals as you have answers to questions such as:

  • The most profitable products and services for your business
  • Expenses that consume most of the expenditure
  • How to increase your profit over time
  • Other ideas that can be incorporated into your business to boost profit margins

When you have adequate data for your business progress, you will also decide whether to venture into new opportunities or rather improve current undertakings. 

Basics of Accounting in E-Commerce

1. Track Your Cash Flows

Watching your cash flow helps determine the direction that your e-commerce business is heading. It will help you determine whether your business is making a profit or loss. You should ensure that more money is coming in than going out. Additionally, have targets in the amount you intend to spend within a certain timeframe. A separate business bank account is critical to tracking your cash flow.

2. Purchase an Accounting Software

Most people will use tools such as a calculator and excel to execute e-commerce accounting. Accounting software is more reliable as it will help you track costs, sales, and inventories, with many now integrating with ecommerce platforms directly. There are many available accounting software tools in the market. Choose the one that aligns with your business needs and preferences to get the best results.

3. Compute All the Expenses

There are different expenses in an e-commerce business, such as the cost of goods sold, among other related costs. There are also others referred to as fixed expenses that do not go up when you make sales or decrease when the sales are low. These may be factors such as rent, utilities, insurance, property tax, and salaries. However, they must be factored in when calculating all the expenses. Understanding the costs incurred when running your business is important.

4. Monitor Your Sales and Profit Before Tax

Monitoring your sales before paying taxes will provide early indicators of any issue. It is also important in managing your money. In case there are any issues, you will have time to engage different strategies to ensure you steer towards your long term goals.

5. Plan for Your Tax Payments

Tax payments are determined by a number of different factors. Similarly, tax deductions can vary depending on your size, industry, location, and the type of work you complete. It’s always best to plan and prepare your taxes within the acceptable time frames to avoid hurting your business in the future due to fines or underestimated tax payments. Running a tax report will help you incorporate your taxes into your prices, should they be needed.

Bottom Line

E-Commerce accounting is an important element of your business model. This is because it helps you keep track of your business goals, fix any trouble areas and decide on further business expansion. You will also be able to manage your cash flow, expenses, and income seamlessly.

Visory helps your E-commerce business supercharge your business. They help you eradicate the daily spreadsheets and streamline your bookkeeping, accounts, and payroll services. This is vital in having a bigger picture of your business growth. 

Get started with Visory today to reap the rewards of convenient e-commerce bookkeeping and accounting.

15 Key Small Business Financial Ratios to Track

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How is your business performing? Your answer should be based on rock-solid data and figures. We get it. Crunching the numbers and using financial ratios isn’t the exciting part of your business. Yet it’s necessary to ensure your business is financially healthy. You don’t want to grow in darkness and shoot aimlessly if you desire to grow and expand.

Financial ratios commonly fall into four categories: Profitability, Liquidity, Debt, and Operational Efficiency. Let’s dive deeper into the common ratios in these groups. These financial ratios can give you vital indicators about the health of your business.

Profitability Ratios

These ratios show your company’s ability to bring in profit:

1. Gross Profit Margin

Gross profit margin determines the profit you’re left with after paying the cost of goods (and not other expenses). The ratio indicates if your average markup on your items is sufficient. You want to remain with enough money to deal with expenses and still make a profit.

Gross profit margin = (Sales- Cost of Goods Sold) ÷ Sales = Gross Profits ÷ Sales

2. Net Profit Margin

The net profit margin is the percentage of sales remaining after you’ve paid all expenses, taxes, and the cost of goods or services. It’s among the KPIs that indicate whether or not your business is on the right path to success.

Net Profit Margin = Net Profits After Taxes ÷ Sales

3. Operating Profit Margin

Operating profit margins determine how efficiently you manage and control costs in your company. The higher the ratio, the better the cost controls.

Operating Profit Margin = (Gross Profit – Operating Expenses) ÷ Sales x 100

4. Return on Equity

Return on Equity determines the rate of return investors receive from an investment after taxes.

Return on Equity = Net Profit ÷ Shareholder’s Equity

Debt Ratios

These ratios indicate how your firm uses debt to ensure operations are running effectively.

1. Debt to Asset Ratio

The debt to asset ratio is the percentage of your total assets funded by your creditors. That means you could be in trouble if the ratio is high. 

Debt Ratio= Total Liabilities ÷ Total Assets

2. Debt to Equity Ratio

The debt to equity ratio indicates your business’ ability to settle loans. It’s the percentage of your liabilities covered by your shareholder’s Equity.

Debt to Equity Ratio = Total Liabilities ÷ Shareholder’s Equity

3. Times Interest Earned Ratio

The times interest earned ratio determines your business’s ability to settle contractual interest payments. An attractive ratio shows your business’ ability to pay the interest.

Times Interest Earned= Earnings Before Interest & Taxes ÷ Interest

Liquidity Ratios

Liquidity ratios indicate your company’s ability to meet short-term debt obligations without raising extra capital.

1. Operating Cash Flow Ratio

This ratio indicates your business operations’ cash flow to its current debt. It indicates how liquid your business is in the short term because it links cash flow with its current debt.

Operating Cash Flow Ratio = Cash Flow From Operations ÷ Current Liabilities

If the ratio is below 1, your business lacks enough cash flow to settle its short-term debt. It could indicate that you might be unable to continue operating. 

2. Current Ratio

The current ratio shows whether or not your business can settle its short-term (or current) liabilities. It’s more accurate if the inventory is liquid. 

Since current assets and liabilities are short-term, you expect to turn those assets into cash and pay off those liabilities within a year. 

Current Ratio = Current Assets ÷ Current Liabilities

3. Quick Ratio

Also known as an “acid test,” a quick ratio is similar to the current ratio but excludes inventory. The ratio is a good indicator in instances where it’s hard to convert inventory into cash. While a ratio of 1 is recommended, the figure varies by industry. 

Quick Ratio = (Current Assets – Inventory) ÷ Current Liabilities

Operational Efficiency Ratios

Operational efficiency ratios shine a light on your firm’s primary activities. You determine them using data from your income statement and balance sheet.

1. Inventory Turnover

The inventory turnover ratio points out how your business turns inventory into cash. 

Inventory Turnover = Cost of Goods Sold ÷ Average Inventory

To get the average inventory, add a specific period’s inventory balance to the previous period’s inventory balance and divide the result by 2. The period can be a quarter, for example.

2. Accounts Receivable Turnover

Accounts receivable turnover indicates how you’re managing your collections. A high figure usually shows that clients are settling their debts quickly. 

Accounts Receivable Turnover = Net Annual Credit Sales ÷ Average Accounts Receivable

To determine average accounts receivable, add starting to ending receivables over a period and divide by 2. 

3. Revenue Per Employee

You need to know your employees’ efficiency and productivity levels. A revenue per employee ratio helps you ensure that you’re managing your workforce efficiently. And benchmarking the figure against similar firms is recommended.

Revenue Per Employee = Annual Revenue ÷ Average Number of Employees in the Same Year

4. Return on Total Assets

This ratio points to how efficient your business assets are in generating profits.

Return on Total Assets = Net Income ÷ Average Total Assets

To determine average total assets, take the sum of starting and ending assets over the year and divide it by 2.

5. Average Collection (or Debtor Days)

Average collection approximates the duration it takes for your clients to meet their obligations. 

Average Collection = 365 X (Accounts Receivable Turnover Ratio ÷ Net Credit Sales)

Where net credit sales= Sales –Sales returns- sales allowances

Let Visory Handle the Calculations

Financial ratios reveal a snapshot of your business, helping you understand its health at a particular point in time. You (the business owner), lenders, and investors want to look at those figures to make decisions. That’s why you need to crunch those numbers.

But if your plate is already packed full with other equally crucial tasks, you need a helping hand. That’s where Visory steps in.

It’s time to dump daily spreadsheets. Bring Visory’s team of experts to manage and streamline your bookkeeping, payroll, reporting, and account tasks so you can return to big-picture business growth. 

Get a Callback now!