First, it enables companies to understand how quickly payments are collected so they can pay their own bills and strategically plan future investments. The receivables turnover ratio shows us https://www.wave-accounting.net/ that Alpha Lumber collected its receivables 11.43 times during 2021. In other words, Alpha Lumber converted its receivables (invoices for [...]

Grants often require an itemized invoice and proof from an independent auditor that there is no performance-related barrier. Grants can have a profound impact on your nonprofit’s financial statements if most of your revenue comes from grants. Reimbursable grants are given for a specific purpose or project and are repaid [...]