Podcasts about Accounts receivable

In this eye-opening episode, Sandy digs into one of the most overlooked contributors to rising accounts receivable (AR) in dental practices—abandoning mailed statements too soon. You may be emailing and texting patients about balances, but do you actually know how many patients you're reaching? Sandy breaks down the data and shares real stats from dental dashboards, showing that many practices have incomplete contact info for 20–40% of their patients—and it's costing them tens of thousands. Whether your AR is creeping past $100,000 or you're trying to build a smarter collection system, this episode will help you understand the risks of relying too heavily on tech—and how to create a system that actually works. You'll learn how to: ✅ Evaluate how many patient emails and cell numbers are actually in your system ✅ Set up a multi-step system for statements that includes email, text, and physical mail ✅ Use dashboards like Practice by Numbers to track and improve your data ✅ Minimize collection delays by acting faster and smarter—not cheaper ✅ Understand the real cost of “saving 60 cents” on postage

As payment methods diversify and customer expectations increase, the traditional collection and lockbox processing model must evolve. The growing complexity of incoming payments—especially non-conforming mail and unstructured transactions—coupled with the change in expectations, demand smarter, scalable solutions. This situation of complexity and expectations has ushered in a new era of modern collection processing, focused on eliminating manual inefficiencies and using intelligent automation tools to improve accuracy and data quality, driving faster payment processing and improved operational throughput and scalability. Deluxe's Dave Boyce sits down with Craig Jeffery on the Treasury Update Podcast to talk about the latest capabilities lockbox providers can use to improve their existing processes and meet the growing needs of corporations. In this episode, we'll discuss some key features of modern collection solution sets: Virtual batching Machine learning-driven recognition Historical learning Intelligent character recognition (ICR) technology  

#235 How AI Is Transforming Accounts Receivable with Ben Winter and Jeff Martini https://open.spotify.com/episode/0mxBSzi1Gzvigoo9manusQ In this insightful episode of The GrowCFO Show, host Kevin Appleby explores how artificial intelligence is revolutionizing accounts receivable processes with guests Jeff Martini, CFO at Bishop Lifting, and Ben Winter, Co-Founder at Stuut. The conversation delves into the practical applications of AI in finance departments, particularly focusing on accounts receivable automation and the tangible benefits organizations are experiencing through implementation  The discussion highlights how AI is moving beyond simple chatbot functionality to transform entire AR processes, with Jeff sharing his company's experience implementing AI-driven solutions that handle routine collection tasks while allowing human collectors to focus on more complex dispute resolutions. Ben provides valuable insights on the importance of focusing on business outcomes rather than technology features, emphasizing that accounts receivable is ultimately a revenue function that impacts customer experience. Both guests stress the importance of understanding AI's capabilities and limitations to ensure successful implementation and meaningful results.  Key topics covered: AI implementation in accounts receivable is most successful when focused on specific business outcomes rather than implementing technology for its own sake Modern AI solutions can effectively handle three common collection scenarios: confirming payment, securing promises to pay, and sending requested documentation Human collectors remain essential for handling disputes and complex scenarios, with AI serving as a tool to enhance their capabilities rather than replace them Successful AI implementation requires coordination across departments including sales, account management, and fulfillment teams The rapid advancement of AI technology presents challenges for CFOs trying to stay current with capabilities, requiring trusted partnerships with technology providers https://www.youtube.com/watch?v=nb12TtUmSJ0 Links Ben Winter on LinkedIn Jeff Martini on LinkedIn Kevin Appleby on LinkedIn GrowCFO Mentoring Timestamps 0:00:11 Kevin Appleby introduces the episode topic on how CFOs are adopting AI in finance functions 0:13:47 Ben Winter discusses how AI adoption has evolved from technology-focused to outcome-focused implementations 0:18:29 Kevin raises the challenge of CFOs keeping up with rapidly advancing AI capabilities 0:26:29 Discussion on how AI provides additional insights by analyzing customer communications to identify reasons for late payments 0:43:31 Exploration of how AI is transforming accounts receivable beyond manual processes to provide actionable insights Find out more about GrowCFO If you enjoyed this podcast, you can subscribe to the GrowCFO Show with your favorite podcast app. The GrowCFO show is listed in the Apple podcast directory, Spotify and many others. Why not subscribe there today? That way, you never miss an episode. GrowCFO is a great place to extend your professional network. Join GrowCFO as a free member today and participate in our regular networking events and webinars. Premium members can also access our extensive training center and CFO Digital Toolkit. You can enroll in our flagship Future CFO or Finance Leader programs here. You can find out more and join today at growcfo.net

Your accounts receivable balance is an important number to know throughout the course of your business.  It will help you when you are projecting how much cash you'll be receiving in the future, but if you don't have an accurate accounts receivable number to begin with, you could run into issues with your projections.  Your accounts receivable balance is also included on your balance sheet in the asset section.  When you get familiar with your accounts receivable report and understand how you should take care of items that are inaccurate, you'll definitely help ensure your financial reports are accurate.  In today's podcast episode, I'm covering how you can clean up your accounts receivable balances so that you can feel confident in the amount of money you'll be receiving from your customers.  Whether you are starting a business or side hustle, you're a self-employed individual, a solopreneur, entrepreneur, mompreneur, freelancer, small business owner, a remote, virtual, online, or in-house bookkeeper, or a virtual assistant or VA; there are many instances where you may need to clean up your accounts receivable accounts, and when you stay on top of any adjustments that need to be made, it will make cleaning up your accounts receivable report easier for you.  These tips are essential whether you are using a computerized software system like QuickBooks, Xero, Wave, FreshBooks, or HoneyBooks for your business finances; or doing your bookkeeping manually with an Excel spreadsheet or even a Google Document… Schedule your Complimentary Stress Audit And Clarity Session, where we'll work together to create a clear and focused plan and overcome the obstacles that stand in your way so that you can move forward and immediately start enjoying your life with less stress, increased productivity, and more time to spend doing what you love with the people you care about: https://www.financialadventure.com/work-with-me Accountants, CPAs, Bookkeepers, Tax Preparers & Financial Professionals, sign up here to get updates on upcoming opportunities & grab the Audit Of Your Well-Being & Balance Guide here: https://www.financialadventure.com/accountant Ready to set up your business?  I have a program to help you get your business set up so that you can start making money.  Sign up for this program here: https://www.financialadventure.com/start Are you ready to try coaching?  Schedule an Introductory Coaching Session today.  You'll have the opportunity to see how you like coaching with an Introductory Coaching Session: https://www.financialadventure.com/intro Join us in the Mastering Your Small Business Finances PROFIT LAB if you are ready to take control of your business finances and create the profitable business you are striving for.  Are you ready to generate revenues and increase the profit in your business: https://www.financialadventure.com/profit If You Are Ready To Choose, Start Or Grow Your Side Hustle, Get Your Free Checklist And Assessment Here: https://www.financialadventure.com/sidehustle Grab Your FREE guide:  5 Essential Strategies For Stress-Free Bookkeeping: https://www.financialadventure.com/5essentials Your FREE Online Virtual Bookkeeping Business Starter Guide & Success Path Is Waiting For You: https://www.financialadventure.com/starterguide Join Our Facebook Community:  https://www.facebook.com/groups/womenbusinessownersultimatediybookkeepingboutique The Strategic Bookkeeping Academy, including Bookkeeping Basics, is open for registration!  You can learn more and sign up here: https://www.financialadventure.com/sba Looking for a payroll solution for your business?  You can get an exclusive 15% discount on your payroll services when you sign up here: https://www.financialadventure.com/adp QuickBooks Online - Save 30% Your First 6 Months: https://www.financialadventure.com/quickbooks Sign up for a virtual coffee chat to see if starting a Bookkeeping Business is right for you: https://www.financialadventure.com/discovery Show Notes:  https://www.financialadventure.com This podcast is sponsored by Financial Adventure, LLC ~ visit https://www.financialadventure.com for additional information and free resources.

In accounting, accounts payable and accounts receivable play key - but very different roles. I recently saw a short piece on the Internet which said, Accounts payable, which is also known as accounts receivable … “No it's not” I screamed. A good understanding of each, along with their differences, is critical for anyone who works in accounting, finance and of course, accounts payable or accounts receivable. Link to Understanding Cash Flow Statements for Beginners https://youtu.be/go2MG8tb2Iw #accountspayable #accountsreceivable #differenceapar #differencearap #accounting

Today, we're live with SPI Logistics' Cristine Sills, Navneet Johal, and Shivrani Narayan, who are talking about claims handling, professionalism, fraud prevention, and carrier verification! Guests discuss how the SPI team manages complex claim issues to prevent escalation and safeguard agents from costly errors and potential disputes, uphold SPI's reputation, counter identity theft, and update their due diligence process!   About Cristine Sills, Navneet Johal, and Shivrani Narayan Manager of Client Services, Cristine Sills has been employed at SPI Logistics since January 2003. Cristine started her journey with SPI as an Accounts Receivable Supervisor.  Throughout her tenure, she has acquired diverse skills by cross-training in Accounts Payable, Accounts Receivable, and the Client Care Services department. This comprehensive knowledge has provided her with a unique vantage point on the company's operations, enabling her to contribute to the creation and development of a more integrated learning experience for the employees and independent business owners.  Manager of People and Culture, Navneet Johal has been a part of SPI Logistics since June 2023. In her role, she works collaboratively with her colleagues to ensure the highest level of service delivery to our esteemed agents. Her responsibilities encompass various aspects, including facilitating the smooth integration of new agent offices and their sub-reps, as well as configuring roles within the Salesforce Platform.  Operations Manager, Shivrani Narayan has been a part of SPI Logistics since July 2020. In her role, Shivrani is responsible for providing comprehensive training and support to our agents, particularly in utilizing our internal TMS system and addressing claims and insurance-related inquiries. With her expertise in claims management, Shivrani offers invaluable guidance on carrier vetting, emphasizing key factors to consider and warning signs to be cautious of.    Connect with SPI Phone: 866-744-7774  

Have you ever wanted to start a YouTube channel but didn't know where to start, how to grow, or even how to monetize? In today's episode of the Get Over Yourself Podcast listen to YouTube Star, Ben Kimball, talk about all the steps to grow your YouTube channel. Ben is the owner of Custom Adventurist, a YouTube Tech Review channel that shows fun videos going over the latest tech products and if they're worth it or not. If you want to listen to the diary of a CEO podcast mentioned in the show, click here - https://www.youtube.com/watch?v=FjrJ2DJN_pAIf you want to check out Ben's channel, click here - https://www.youtube.com/c/CustomAdventuristWant more content from Brandon? Check it all out here - https://linktr.ee/getoveryourself_podcastHave a business that struggles with Accounts Receivable & Collections? Check out Interval AI - https://www.interval-ai.com/

In this episode, Mark chats with Dave Birch, Group Managing Director of smartAR Group, about his journey, the pivotal people who shaped his career, and the evolution of accounts receivable in today's business landscape. Dave shares insights into the challenges accountants face, the practical role of AI in accounts receivable, and how accounts receivable conversations can open the door to impactful business advisory services. Tune in for a dynamic discussion blending innovation, leadership, and practical advice. smartAR website: www.smartar.com

Podcast guest Stephanie Crawford Founder of https://businessheadspace.co.nz/ Chapters 00:00 Choosing the Right Accounting Software 03:34 Maximizing Xero's Potential 06:36 Data-Driven Decision Making 09:40 Understanding Profit and Loss Statements 12:40 Setting Up Your Accounting System 15:36 Cash Flow Management 18:46 Best Practices for Invoicing 21:35 Accounts Receivable and Payable Management 24:20 Recognizing Good Bookkeeping Practices 29:45 The Value of Outsourcing Bookkeeping 31:03 In-House vs. Outsourced Bookkeeping 33:59 Recognizing the Need for a Bookkeeper 37:04 Onboarding and Supporting Bookkeepers 39:05 Understanding Business Reporting Needs 42:44 The Role of Bookkeepers During Crisis 43:45 The Importance of Tracking Financials 44:34 Navigating Payroll Complexity 52:09 Maximizing the Use of Accounting Software

In this episode, we dive into strategies for maximizing your accounts receivable during the winter season. Learn how snow plowing and ice management services can become a steady revenue stream, tips for pricing, invoicing, and building lasting client relationships that carry your business through the colder months and beyond. Purchase The Whole Ball of Wax (Get $400 off with code SAVE400). Brian's Lawn Maintenance "MERCH" Get Brian's Free Newsletter https://www.lawntrepreneuracademy.com/  LMN Mastermind Sessions (Use code Brian). LMN Landscape Software (Interested in checking out LMN and giving it a free Trial? Use our link or the code "Brian" to get the best savings and signup experience possible). LINK Membership Brian's Lawn Maintenance On YouTube Brian's Lawn Maintenance On Instagram Plow Right Marking Stakes (Brians10 save 10%) EarthWay Spreaders (Brians10 save 10%) Ballard-Inc.com (Brians10) KUJO (Brians10) Equipment Defender (Brians10) www.brandedbullinc.com Mention Brian and get $100 off a new website. www.CycleCPA.com mention code: Brian to save $200. www.PostcardMania.com/Brian Zero to $100K!: The Complete Guide on How to Start a Successful Lawn Care Company https://www.exmark.com/  https://www.instagram.com/STABILBRAND/ https://www.yardbook.com/

After nine guests and eleven episodes' worth of meandering stories about historical colon blockages, mermaid genitalia, and cosmic boreworms, prepare your grey matter for even more meandering stories about dental care imposters, chastity device technology, and acceptable dildo quantities, but this time delivered by the one, the only: Trixie mother-effing Mattel. From all of us here at Bald, LLC, especially Cheryl from Accounts Receivable, we want to say welcome the f*ck back, Trixie. This episode is sponsored by BetterHelp. Give online therapy a try at https://BetterHelp.com/BALD and get on your way to being your best self! Start all of your holiday shopping at https://Rakuten.com or download the Rakuten app to start saving today! Your Cash Back really adds up! Do you want your leather handbag to last forever? Head to https://MyCuire.com to get your leather care kit today! Stop putting off those doctors appointments and go to https://ZocDoc.com/BALD to find and instantly book a top-rated doctor today! Follow Trixie: @TrixieMattel Follow Katya: @Katya_Zamo To watch the podcast on YouTube: http://bit.ly/TrixieKatyaYT Don't forget to follow the podcast for free wherever you're listening or by using this link: http://bit.ly/baldandthebeautifulpodcast If you want to support the show, and get all the episodes ad-free go to: https://thebaldandthebeautiful.supercast.com If you like the show, telling a friend about it would be amazing! You can text, email, Tweet, or send this link to a friend: http://bit.ly/baldandthebeautifulpodcast To check out future Live Podcast Shows, go to: https://trixieandkatyalive.com To order your copy of our book, "Working Girls", go to: workinggirlsbook.com To check out the Trixie Motel in Palm Springs, CA: https://www.trixiemotel.com Learn more about your ad choices. Visit podcastchoices.com/adchoices

Unlock the secrets of dental billing as we challenge the conventional wisdom surrounding Coordination of Benefits and reveal strategies that can revolutionize your practice's revenue flow. Ever wondered why patients with dual coverage often face billing confusion? We unravel these complexities and offer practical insights to enhance collections and maintain patient trust. This episode is essential listening for anyone looking to master the intricate insurance rules and avoid the common pitfalls that lead to billing errors.Dive deep into the importance of a robust follow-up system to shield your practice against revenue leaks. Discover how strategic reminders and effective follow-up protocols can dramatically reduce your days in Accounts Receivable, boosting your financial health. We critique the flaws in current insurance verification processes and stress the necessity of proper data entry for transparent billing. Gain actionable steps for accurately presenting treatment plans to avoid unexpected patient balances and dissatisfaction.Transform your billing practices with real-world solutions designed to enhance collections and patient satisfaction. Hear firsthand reports from billers on the front lines and learn how to implement necessary adjustments that align with clear financial conversations, especially with new patients. By adopting comprehensive appointment and financial policies, you'll foster greater transparency and trust, leading to improved patient retention. Don't miss this opportunity to refine your billing processes and tackle challenges head-on for lasting success. Want to learn Dental Coding and Billing? Join here:https://tr.ee/efzYrY7mp-Would you like to set-up a billing consultation with Ericka or Jen? We would love the opportunity to discuss your billing questions! Email Ericka:ericka@dentalbillingdoneright.comEmail Jen:jen@dentalbillingdoneright.comPerio performance formula: (D4341+D4342+D4346+D4355+D4910)/(D4341+D4342+D4346+D4355+D4910+D1110) Want to know what your fee should be for D4346? Send Ericka an email to ericka@dentalbillingdoneright.com

Misty Chance, CEO of Evolution Consultants LLC, shares how her nearly 20 years of experience in medical accounts receivable consulting helps medical practices optimize revenue cycles, improve cash flow, and navigate complex financial challenges to ensure long-term success for healthcare providers. Show Guest: Misty Chance Evolution Consultants LLC www.mdevolution.com (866) 819-2816 #SanAntonioBusinessPodcast #SanAntonioBusiness #SanAntonio ▶ Subscribe to our YouTube Channel: https://goo.gl/dzqVGV Host: ✅ Marc Ebinger

We're joined by Luke Sculthorp from The Chartered Institute of Credit Management (CICM) to talk about the trends they're seeing in Accounts Receivable (AR) automation, credit risk management, the future of B2B direct debits, and getting the most from your inbound business payments.

Send us a textLearn why having profits doesn't always mean having cash and how it could be holding your business back. Steve breaks down common cash flow issues and explains how your inventory and accounts receivable might be tying up cash. In this episode, you'll discover strategies to free up working capital, improve cash flow, and avoid the pitfalls that can lead even profitable businesses to bankruptcy. Whether you're running a startup or scaling an established company, these insights are crucial for long-term financial health and growth. Here's how to get started with Boosting Your Financial IQ:Step 1:  Test your financial IQ for FREEStep 2: Download the FREE appStep 3:  Take the Fundamentals of Finance courseDisclaimer:BYFIQ, LLC is a wholly owned entity of Coltivar Group, LLC. The views expressed here are those of the individual Coltivar Group, LLC (“Coltivar”) personnel quoted and are not the views of Coltivar or its affiliates. Certain information contained in here has been obtained from third-party sources. While taken from sources believed to be reliable, Coltivar has not independently verified such information and makes no representations about the enduring accuracy of the information or its appropriateness for a given situation.This content is provided for informational purposes only, and should not be relied upon as legal, business, investment, or tax advice. You should consult your own advisers as to those matters. References to any securities or digital assets are for illustrative purposes only, and do not constitute an investment recommendation or offer to provide investment advisory services. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendations. The Company is not affiliated with, nor does it receive compensation from, any specific security. Please see https://www.byfiq.com/terms-and-privacy-policy for additional important information.Get the free BYFIQ app and Starter Course here: https://www.byfiq.com/app Support the show

This week, we've got Cepeda Cheeks back on the show, hot on the heels of his performance at the Blue Whale Comedy Festival. We check out the trailer for Anora, Mickey 17, and Thunderbolts*. Then, we learn a bit of Marvel Comics history. Plus, a chat about the best and worst things in video games. And, we chat about some dumb celebrities.

Welcome to another incredible episode of the Ed Parcaut Podcast!

Accounts Receivable is sabotaging your law firm's success. Darren Wurz has practical and actionable insights on managing accounts receivable (A/R).

What is your favorite collections agency? Your answer should be, “None of them!” Sending patients to collections is not worth the hassle. Instead, you should prevent getting to this point in the first place. To help you master accounts receivable and avoid uncomfortable situations, Kirk Behrendt brings back Ariel Juday, one of ACT's amazing coaches, with some of the best practices for managing AR. To learn how to collect the money you deserve, listen to Episode 764 of The Best Practices Show!Learn More About Ariel:Send Ariel an email: ariel@actdental.com Follow Ariel on ACT's Instagram: https://www.instagram.com/actdentalSend Gina an email: gina@actdental.com More Helpful Links for a Better Practice & a Better Life:Subscribe to The Best Practices Show: https://the-best-practices-show.captivate.fm/listenJoin The Best Practices Association: https://www.actdental.com/bpaJoin ACT's To The Top Study Club: https://www.actdental.com/tttSee the ACT Dental/BPA Live Event Schedule: https://www.actdental.com/eventGet The Best Practices Magazine for free: https://www.actdental.com/magazinePlease leave us a review on the podcast: https://podcasts.apple.com/us/podcast/the-best-practices-show-with-kirk-behrendt/id1223838218Episode Resources:Watch the video version of Episode 764: https://www.youtube.com/@actdental/videosMain Takeaways:Attempt to collect at time of service.Avoid scheduling patients who are high-risk.Have a working system for financial agreements.Take care of the balance before treatment, not after.Make sure that patients are making reasonable payments.Let competent admin take care of the financial conversations.Align with your team on collection strategies for overdue balances.Document every financial agreement you make — no matter the amount.Record each engagement and each engagement attempt with the patient.No more than one month's net collections should be outstanding in your AR.Remember that your patient didn't let this overdue balance happen — you did!There is no benefit to sending patients to collections. Prevent getting to this point.Snippets:0:00 Introduction.1:25 About ACT's BPA, TTT, and Pro Coaching.5:01 Why this is an important topic.9:38 With work and intentionality, it's possible.11:52 AR aging and claims aging, explained.13:06 Accounts receivable, explained.14:13 Have a system to find your AR.16:47 Healthy AR goals, explained.19:19 Train patients with reservation fees and prepaid balances.21:01 Work with your patients but remember you're not a bank.22:44 Let admin take care of the financial...

In episode #214, I address cash flow. Plain and simple. Don't collect on your open invoices and you'll soon be out of business. - What is AR? - What is AR aging? - My plan of attack to collect on invoices Check out TryExtend.com to automate your cash collections. Better yet, set up a quick demo call with here: https://book.thesaascfo.com/tryextend if you use QBO or Xero.

Standard Practice.ai is an AI voice software platform that automates outbound calls for medical practices. 

In this episode of the Multifamily Innovation® Podcast, host Patrick Antrim sits down with Lynn Musil, CEO and Co-Founder of Pay Ready. Lynn shares his journey in the multifamily industry and the innovative solutions his company provides for managing post-move-out rent collections. The conversation delves into the origins of Pay Ready, highlighting the gaps it addresses in the multifamily industry, particularly in handling the move-out process. Lynn provides an in-depth look at Pay Ready's platform, discussing its features like automated outreach, flexible payment plans, and integrations with other systems to ensure seamless ledger reconciliation.Lynn emphasizes how Pay Ready improves the experience for both property managers and former residents by making the rent collection process more efficient and less confrontational. He introduces innovative payment methods like Apple Pay and Google Pay and explains how the company uses a CRM approach to manage accounts receivable. Lynn underscores the importance of a customer-friendly communication strategy to preserve positive relationships even after residents move out.The discussion also touches on the culture at Pay Ready, with Lynn sharing insights into building a strong, cohesive team and maintaining a flat organizational structure. He outlines his vision for the future of Pay Ready, including potential expansions and the careful balance of maintaining focus while exploring new product opportunities. Lynn's approach to involving clients actively in the development process ensures that Pay Ready continues to meet the evolving needs of the multifamily industry.Subscribe to the Multifamily Innovation® Podcast for more industry insights and updates. #multifamilyinnovation #rentcollection #propertymanagement #multifamilytechnology #PayReady About the Multifamily Innovation® Council: The Multifamily Innovation® Council is the executive level membership organization that makes a difference in your bottom line, drives a better experience for your employees, and allows you an experience that keeps demand strong for your company. The council is uniquely positioned to focus on the intersection of Leadership, Technology, AI, and Innovation. The Multifamily Innovation® Council is for Multifamily Business leaders who want to unlock value inside their organization so they can create better experiences and drive profitability inside their company.To learn more or to join, visit https://multifamilyinnovation.com/council.For more information and to engage with leaders shaping the future of multifamily innovation, visit https://multifamilyinnovation.com/. Connect:Multifamily Innovation® Council: https://multifamilyinnovation.com/council/Multifamily Innovation® & AI Summit: https://multifamilyinnovation.com/Patrick Antrim: https://www.linkedin.com/in/patrickantrim/

In this week's episode of the JDE Connection, hosts Chandra Wobschall and Paul Houtkooper dig into the core functionalities of JD Edwards EnterpriseOne's Financial Management System. Starting with an explanation of why form extensions at the version level could not be delivered due to architectural constraints, they then share the alternative solution introduced in Release 23. The discussion moves on to a comprehensive overview of the major features within the financial management module, including accounts payable, accounts receivable, advanced cost accounting, expense management, fixed asset accounting, general ledger, lease accounting, and joint venture management. Each module's key capabilities and the business problems they address are highlighted to help listeners better understand the breadth and depth of JD Edwards' financial offerings. 01:10 Form Extensions at the version level 05:00 Feature Functionality of JD Edwards Series 07:39 Financial Management System overview 09:28 Accounts Payable 10:53 Accounts Receivable 13:05 Advanced Cost Accounting 14:06 Expense Management 15:17 Fixed Asset Accounting 16:17 General Ledger 18:00 Lease Accounting 18:46 Joint Venture Management 19:54 Midwesternism of the day Resources: Form Extensions at a version level: https://www.linkedin.com/posts/haiyan-wang-5734b5ab_jdedwards-enterpriseone-release23-activity-7049766057741348864-ne6V?utm_source=share&utm_medium=member_desktop JD Edwards EnterpriseOne Financial Management Products: https://www.oracle.com/applications/jd-edwards-enterpriseone/financial-management/ Hubble House Restaurant: https://www.hubbellhouserestaurant.com/ If you have concerns or feedback on this episode or ideas for future episodes, please contact us at thejdeconnection@questoraclecommunity.org.

In today's podcast, Craig Jeffery, Managing Partner of Strategic Treasurer, and Chip Zint, SVP, Chief Financial Officer at Deluxe, discuss the key objectives of accounts receivable from a CFO's perspective. Their discussion covers metrics like DSO, industry insights, and the impact of geopolitical risks and interest rates. Listen in to learn more. www.deluxe.com

Utility companies, like many businesses, were impacted by the COVID-19 pandemic. With people struggling to pay their bills, that left utilities with growing accounts receivables. Karen Jonas, Senior Vice President of Business Development at IC System, and Eric Port, Recovery Manager at DebtNext, provided some insights on the matter and some welcome news for utilities struggling with mounting AR balances.“What we see is a lot more utilities are starting to regain focus on their write-off collections again,” Port said. With the pandemic beginning to subside, there is a renewed effort on recoveries and a shift in the type of recoveries utilizing digital methods, such as email and text.

IC System, a family-owned and nationally recognized debt collection agency with 85 years of experience, can effectively help you recover revenue and ease your accounts receivable burden. Whether you're a first-time client or have previously worked with other agencies, IC System simplifies the process of sending accounts to collections. On today's episode of Closing The Books, host Eric Johannes speaks with Nate Welbig, Director of Operations at IC System, about his journey to a career in collections and how IC System's core values of Innovation, People, Integrity, Performance and Pride are demonstrated within the organization. The two discuss 1. General public impressions/misimpressions about debt collection 2. How IC System uses innovation and its people to continually evolve and perform 3. Why Tax season and maintaining good debtor relations are important"From the operations standpoint . . . it is a little different today, different resources different tools, regulations have changed" said Nate Welbig. IC System continually innovates and trains its employees to stay current with, and take advantage of, these changes. Nate Welbig, Director of Operations at IC System, graduated from the University of St Paul, Minnesota, United States. He has been with IC System for 14 years now. He is always driving innovation of debt collection infrastructure and supporting employees to ensure the company performs at a consistently high level. IC System has over 85 years of experience in medical and dental debt collection, rent recovery and other business collections. For more information, visit https://www.icsystem.com/.

Can mastering accounts receivable management really supercharge your business's cash flow? Find out as we unpack the essential strategies for optimizing your receivables process and boosting your financial health. In this episode, Chip breaks down the nuts and bolts of accounts receivable—from setting clear payment terms and ensuring invoice accuracy to utilizing technology for efficiency. You'll discover why managing AR is not just a back-office function but a critical element in sustaining your company's operations and growth.Learn valuable tips such as prompt invoicing, effective follow-up procedures, and the power of offering payment incentives. We'll also touch on the importance of monitoring aging reports, establishing robust credit policies, and leveraging cutting-edge accounting software to streamline collections. Whether you're a seasoned entrepreneur or a new business owner, these actionable insights will equip you with the tools to minimize overdue payments and strengthen client relationships. Want to discuss anything in this week's episode? Just send an e-mail to grow@schweiger.cpa. You can also follow us on Instagram and join our community on Facebook for bonus tips to grow your business,.And be sure to check out our website at www.TESKPod.com for bonus content and other tips to help you grow your business while enjoying the lifestyle you're entitled to.Disclaimer: This podcast and related materials are designed only to provide general information regarding the subject matter discussed during the podcast episodes. The statutes, authorities, and other laws cited in this podcast are subject to change. This podcast and related materials are not intended to provide tax, accounting, legal, or other professional advice to any specific person or entity. Any advice or opinion regarding the application of the subject matter for a specific person or entity should be provided by a competent professional advisor based on an application of the appropriate law and authorities to the facts and circumstances applicable to that person or entity.

Learn More About Attending the Highest Rated and Most Reviewed Business Workshops On the Planet Hosted by Clay Clark In Tulsa, Oklahoma HERE: https://www.thrivetimeshow.com/business-conferences/   See the Thousands of Success Stories and Millionaires That Clay Clark Has Helped to Produce HERE: https://www.thrivetimeshow.com/testimonials/   Clay Clark Testimonials | "Clay Clark Has Helped Us to Grow from 2 Locations to Now 6 Locations. Clay Has Done a Great Job Helping Us to Navigate Anything That Has to Do with Running the Business, Building the System, the Workflows, to Buy Property." - Charles Colaw (Learn More Charles Colaw and Colaw Fitness Today HERE: www.ColawFitness.com)   Download A Millionaire's Guide to Become Sustainably Rich: A Step-by-Step Guide to Become a Successful Money-Generating and Time-Freedom Creating Business HERE: www.ThrivetimeShow.com/Millionaire   See Thousands of Actual Client Success Stories from Real Clay Clark Clients Today HERE: https://www.thrivetimeshow.com/testimonials/   See Thousands of Case Studies Today HERE:  www.thrivetimeshow.com/does-it-work/  

I talked with an expert in law firm financial management about some of the top-level financial documentation every lawyer should be looking at on a regular basis. Episode Highlights 08:37 - The conversation touches on the different Girl Scout cookies and how availability is dependent on the bakeries that councils have relationships with. 19:18 - Joyce's explanation of what a Profit and Loss statement is, emphasizing its importance and how it should be reviewed regularly to track trends. 24:48 - Discussion about how a Cash Flow Analysis document is future-looking and necessary for understanding business health. 27:27 - Importance of looking into Accounts Receivable, especially the alarming amount that law firms often have outstanding. 30:56 - The conversation shifts to discussing the necessity of financial trends analysis to set accurate goals and expectations. 37:32 - Differences between the roles of bookkeepers, accountants, and CFOs are clearly outlined, explaining what each professional does and how their roles relate to each other. 46:14 - Importance of dashboards for visual data management and how lawyers should focus on high-level financial management, instead of getting lost in complex accounting activities. Episode Resources Connect with Jared Correia jared@redcavelegal.com https://redcavelegal.com/ https://www.linkedin.com/in/jaredcorreia https://twitter.com/RedCaveLegal www.linkedin.com/in/jaredcorreia/ Connect with Joyce Brafford https://www.profitsolv.com/ https://www.cosmolex.com/ 

Today's question is: “Do you have a core management team? How do you delegate and monitor responsibilities?” In this episode, I share how having a core management team has positively changed how I run my business. Here's why you should consider it too:

In SSON's most recent state of the industry report, we found that 63% of shared services are providing Order to Cash services to their enterprise! So we wanted to provide some advice and best practice in this area. That's why this week on the podcast we invited Keith Cowart, from FIS to talk about what he sees as the trends set to transform AR. Some of these trends are risks to consider and some are very much opportunities, but all will make your accounts receivable team more powerful, robust and ready for whatever life throws at them. To hear more on the topic of AR excellence, register for our webinar on March 21st focused on Accelerating Cash Flow & Reducing Risk with AI https://www.ssonetwork.com/finance-accounting/webinars/accelerating-cash-flow-reducing-risk-with-ai

Explore our Business Central on-demand training courses at https://www.learndynamics.com/ Make yourself and your team happy and confident by knowing how to properly process your Accounts Receivable quickly and correctly. Not having to worry about who processes the Accounts Receivable can give your company an edge and will make everyone on your team's life, including you, much easier.  With us, you'll go through the entire receivables lifecycle to understand how Microsoft Dynamics 365 Business Central handles those transactions behind the scenes. You will learn about the common issues to avoid and methods to make quick corrections when needed. SIGN UP HERE: https://www.learndynamics.com #NewViewStrategies #BusinessCentral #OnDemandTraining --------------------------------------------------------------------------------------------------- About Kerry Peters & New View Strategies: Kerry Peters is the CEO of New View Strategies, a company known for solving mission-critical business problems and a straight-talking, experiential approach to training and process improvement for Microsoft Dynamics 365 Business Central and Dynamics NAV. Our relationships are long-term, and our clients report that they have boosted efficiency, solved business problems, and had fun in the process!  Let the experts help you tap into the true power of your BC / NAV system.  You're struggling with challenges, and you know your Business Central / NAV ERP solution can help, but you're not sure how. We do. Whatever you're challenged with or searching for, we've been there – as a user and partner. You won't find the level of no-nonsense, front-line experience we offer anywhere else, and we're here to put that experience to work for you.  ✅ Why Choose New View? With our team's average of 15 years of real-world BC / NAV partner and end-user experience, we know where to look and what to ask to discover how to make your BC / NAV investment work better for you. Contact us today: https://getyournewview.com/services/

In this solo episode, Dayna discusses how accounts receivable and collections is a team sport in every dental practice. She highlights the negative impact of overdue balances and emphasizes the need to collect on the day of service. Dayna introduces a proactive approach to accounts receivable, involving the entire dental team. She suggests preparing the patient by providing treatment estimates and educating them about their out-of-pocket expenses. Dayna also emphasizes the importance of preparing the team by ensuring everyone is aware of patients who owe money. Lastly, she discusses the significance of asking for money on the day of service. Takeaways: Accounts receivable is a team sport and requires a proactive approach Collecting on the day of service is crucial for practice profitability Preparing the patient by providing treatment estimates helps build relationships and improves collections Preparing the team and ensuring everyone knows which patients owe money is essential for successful collections. Find more free content at: https://novonee.com/media/

January 06, 2024 is the 50th anniversary of the beginning of “CBS Radio Mystery Theater” – and here are the very first episodes of the show! Get FREE pulp audiobooks, eBooks and old-time radio by emailing WeirdDarkness@RadioArchives.com!Please SHARE THIS EPISODE with someone who loves old time radio shows like you do! https://weirddarkness.com/cbsrmt-marathon-01/00:00:00.000 = Introduction00:04:07.456 = CBSRMT (January 06, 1974) “The Old Ones Are Hard To Kill”00:50:33.384 = CBSRMT (January 07, 1974) “The Return of the Moresbys”01:37:02.225 = CBSRMT (January 08, 1974) “The Bullet”02:22:35.169 = CBSRMT (January 09, 1974) “Lost Dog”03:08:58.875 = CBSRMT (January 10, 1974) “No Hiding Place”03:54:11.746 = CBSRMT (January 11, 1974) “Honeymoon With Death”04:39:52.320 = CBSRMT (January 12, 1974) “I Warn You Three Times”05:25:49.960 = CBSRMT (January 13, 1974) “Cold Storage”06:11:40.296 = CBSRMT (January 14, 1974) “Death Rides a Stallion”06:57:23.379 = CBSRTM (January 15, 1974) “The Resident”07:42:20.761 = CBSRTM (January 16, 1974) “Accounts Receivable”08:27:53.792 = CBSRTM (January 17, 1974) “You Can Die Again”09:13:36.158 = OutroSOURCES AND ESSENTIAL WEB LINKS…This episode is sponsored by http://RadioArchives.comWeird Darkness Retro Radio theme by Storyblocks.= = = = = = = = = = = = = = = = = = = = = = = = = = = = = ="I have come into the world as a light, so that no one who believes in me should stay in darkness." — John 12:46Find out how to escape eternal darkness at https://weirddarkness.com/eternaldarknessWeirdDarkness® - is a registered trademark. Copyright, Weird Darkness, 2024.= = = = = = = = = = = = = = = = = = = = = = = = = = = = = =CUSTOM WEBPAGE: https://weirddarkness.com/cbsrmt-marathon-01/This show is part of the Spreaker Prime Network, if you are interested in advertising on this podcast, contact us at https://www.spreaker.com/show/3655291/advertisement

Learn More About Attending the Highest Rated and Most Reviewed Business Workshops On the Planet Hosted by Clay Clark In Tulsa, Oklahoma HERE: https://www.thrivetimeshow.com/business-conferences/   See the Thousands of Success Stories and Millionaires That Clay Clark Has Helped to Produce HERE: https://www.thrivetimeshow.com/testimonials/   Clay Clark Testimonials | "Clay Clark Has Helped Us to Grow from 2 Locations to Now 6 Locations. Clay Has Done a Great Job Helping Us to Navigate Anything That Has to Do with Running the Business, Building the System, the Workflows, to Buy Property." - Charles Colaw (Learn More Charles Colaw and Colaw Fitness Today HERE: www.ColawFitness.com)   Download A Millionaire's Guide to Become Sustainably Rich: A Step-by-Step Guide to Become a Successful Money-Generating and Time-Freedom Creating Business HERE: www.ThrivetimeShow.com/Millionaire   See Thousands of Actual Client Success Stories from Real Clay Clark Clients Today HERE: https://www.thrivetimeshow.com/testimonials/   See Thousands of Case Studies Today HERE:  www.thrivetimeshow.com/does-it-work/  

  Learn More About Attending the Highest Rated and Most Reviewed Business Workshops On the Planet Hosted by Clay Clark In Tulsa, Oklahoma HERE: https://www.thrivetimeshow.com/business-conferences/   See the Thousands of Success Stories and Millionaires That Clay Clark Has Helped to Produce HERE: https://www.thrivetimeshow.com/testimonials/   Clay Clark Testimonials | "Clay Clark Has Helped Us to Grow from 2 Locations to Now 6 Locations. Clay Has Done a Great Job Helping Us to Navigate Anything That Has to Do with Running the Business, Building the System, the Workflows, to Buy Property." - Charles Colaw (Learn More Charles Colaw and Colaw Fitness Today HERE: www.ColawFitness.com)   Download A Millionaire's Guide to Become Sustainably Rich: A Step-by-Step Guide to Become a Successful Money-Generating and Time-Freedom Creating Business HERE: www.ThrivetimeShow.com/Millionaire   See Thousands of Actual Client Success Stories from Real Clay Clark Clients Today HERE: https://www.thrivetimeshow.com/testimonials/   See Thousands of Case Studies Today HERE:  www.thrivetimeshow.com/does-it-work/  

  Learn More About Attending the Highest Rated and Most Reviewed Business Workshops On the Planet Hosted by Clay Clark In Tulsa, Oklahoma HERE: https://www.thrivetimeshow.com/business-conferences/   See the Thousands of Success Stories and Millionaires That Clay Clark Has Helped to Produce HERE: https://www.thrivetimeshow.com/testimonials/   Clay Clark Testimonials | "Clay Clark Has Helped Us to Grow from 2 Locations to Now 6 Locations. Clay Has Done a Great Job Helping Us to Navigate Anything That Has to Do with Running the Business, Building the System, the Workflows, to Buy Property." - Charles Colaw (Learn More Charles Colaw and Colaw Fitness Today HERE: www.ColawFitness.com)   Download A Millionaire's Guide to Become Sustainably Rich: A Step-by-Step Guide to Become a Successful Money-Generating and Time-Freedom Creating Business HERE: www.ThrivetimeShow.com/Millionaire   See Thousands of Actual Client Success Stories from Real Clay Clark Clients Today HERE: https://www.thrivetimeshow.com/testimonials/   See Thousands of Case Studies Today HERE:  www.thrivetimeshow.com/does-it-work/  

Paula Quinn, BSDH and Stafani Sandoval, Billing Specialist are both coaches from Next Level Consultants. The Next Level team breaks down what it looks like when either you end up buying AR's or NOT BUYING AR's when going through an acquisition. Michael Dinsio, MBA coaches doctors along with the rest of the team to help doctors go through the acquisition process. There are so many details and things to consider. Luckily when you have advocates on your side looking out for you, your chances of being more prepared and in a better position increase substantially. 0:00 Intro Music1:00 Introducing Accounts Receivable3:19 Should You Buy Account Receivable?9:48 What If you Don't Buy AR?16:38 What AR's Are Healthy and Collectable?19:49 What Percent of ARs Are Non-Collectable?22:40 What Is The Actual Value of AR's?26:29 How Do You Ensure Buyers Get AR Money33:35 Front Office Systems Collecting AR's40:00 Addressing AR Issues UpfrontSHOW HOST:As a dental buyer representative, Michael Dinsio helps dentists buy dental practices step-by-step. With over a decade of experience and more than 500 dental transactions. This program helps walk dentists through the process of becoming a dental practice owner via dental practice acquisitions.  If you would like to work with Michael as a buyer representative, check out Next Level Consultants. ⁠https://www.nxlevelconsultants.com/buyer-representation.html⁠or schedule a 1 on 1 call --> online schedulerDENTAL UNSCRIPTED HAS A WEBSITE ! ! !

A particular type of check fraud and Ponzi schemes have something in common.  We're talking internal fraud with one example of how employees can perpetrate check fraud and why it can get out of hand….just like a Ponzi scheme. Keep Listening.  Check out my website www.debrarrichardson.com if you need help implementing authentication techniques, internal controls, and best practices to prevent fraudulent payments, regulatory fines or bad vendor data. Check out my new Vendor Process Training Center for 149+ hours of weekly live and on-demand training for the Vendor team.  Subscribe today to be entered in the subscriber-only monthly drawing to win a free Putting the AP in hAPpy Coffee Mug.   Links mentioned in the podcast + other helpful resources:    Vendor Process Training Center:  https://training.debrarrichardson.comFree Webinars:  https://debrarrichardson.com/webinarsVendor Validation Reference List with Resources Links: www.debrarrichardson.com/vendor-validation-download (Get 25% Discount on the Global Vendor Registration Numbers)Vendor Master File Clean-Up:  https://www.debrarrichardson.com/cleanupYouTube Channel:  https://www.youtube.com/channel/UCqeoffeQu3pSXMV8fUIGNiw More Podcasts/Blogs/Webinars www.debrarrichardson.comMore ideas?  Email me at debra@debrarrichardson.com Music Credit:  www.purple-planet.com

5 Signs You Have a Productive and Profitable Dental Admin TeamEpisode #645 with Ariel JudayIs your admin team unproductive? Before blaming them, look at the systems you have! To show you what a productive team looks like and how you can achieve it, Kirk Behrendt brings back Ariel Juday, one of ACT's amazing coaches, with systems to help you support the backbone of your practice. To create processes and systems that everyone can understand and follow, listen to Episode 645 of The Best Practices Show!Episode Resources:Send Ariel an emailFollow Ariel on ACT's InstagramSubscribe to The Best Practices Show podcastJoin ACT's To The Top Study ClubSee ACT's Live Events ScheduleGet The Best Practices Magazine for free!Write a review on iTunesLinks Mentioned in This Episode:Get your free copy of ACT's Managing an Accounts Receivable and Collections SystemMain Takeaways:Set clear expectations and processes that your entire team understands.Have systems for insurance verification, billing, collections, and budgets.Go above and beyond to create a review-worthy patient experience.Have designated billers for insurance and for patient billing.Keep your collections percentage at 98% — at minimum.Create systems to keep a full schedule.Quotes:“The admin team are the ones that don't necessarily have the most training. They don't always have the most support. But really, they are the glue that holds the team together. If you can have a profitable and productive admin team, things will go so much smoother. The doctors and dentists, they need to know and understand how they can support their admin team and go off of the facts and not just the feelings.” (2:18—2:48)“Let's look at our processes and our systems first before you go blame the team member.” (5:04—5:09)“You need clear systems and processes, and you need to be able to see these. As a dentist, you don't need to be able to understand them. You don't need to be able to do every step. But you need to be able to ask them, what is the system? I would say a couple of the most important ones is a streamlined patient intake process. How is your admin team member getting patients their information on the phone? How are they getting them through the door? And then, taking it one step above, not only are we getting their new patient forms...

Send us a text message! But please include your email or a way to get in touch with you. This feature is not two way! Managing Accounts Receivable in a business is like being an owl in the nighttime forest. Just as an owl keeps a watchful eye on its surroundings to catch prey, a business owner or bookkeeper must vigilantly track their Accounts Receivable to ensure that money owed by customers is collected. The owl's keen vision allows it to spot movement in the dark, and similarly, aging reports and financial tools help businesses spot overdue payments. Just as an owl's ability to hunt affects its survival, effectively managing Accounts Receivable is crucial for a business's financial health, ensuring it thrives in its own financial ecosystem.

This Podcast Is Episode Number 540, And It's About Key Financial Concepts For Construction Company Owners Not everyone knows construction accounting, and it is easy to assume all accounting is the same. Even if you have outsourced your financial functions, as a small construction business owner, having a solid understanding of critical financial concepts is crucial to work with your advisor and 'speak their language". This article outlines several essential concepts that every small business owner should know.   Construction is a tricky business, and people's failure is expected. Most of our clients have either failed or come very close. It doesn't matter how many times you are knocked down; it only matters that you learn your lessons, get up, and go again. We noted these lessons years ago, owning and operating our construction company. By building a system and gaining insight from us, you can pick up from our mistakes, which you don't have to go through and can start avoiding before it comes crashing down.    Get that one thing working, then move on to the next one. What is the most annoying thing you can quickly fix? We talk about accounting because that is our primary focus. Start with the basics: Open a business checking account. Use a dedicated credit card for the business (if using a personal card). Create invoices, present them to your customers, collect the money, and get it in the bank (Do you have an easy way for your clients to pay you?). Collect the money ASAP because, without cash flow, you are out of business. Basics of income and expenses As a construction business owner, you must understand how you generate and spend money. This way, you can maintain fiscal responsibility while also promoting business growth. Income statements (Profit & Loss) versus cash flow Business owners should always stay on top of the latest cash flow analyses and projections to make smart short-term financial decisions. Remember, a P&L doesn't tell you if you can pay your bills or how liquid your business is. Keep that in mind! Operating cash flow Understanding a company's operating cash flow is vital for assessing its performance and cash runway. Gross sales versus net profits As a small business owner, paying attention to sales and expenses is vital to ensure a healthy and well-managed business. Remember, gross sales don't equal net profits. Understanding every expense, knowing the industry averages, and having enough cash to thrive long-term are crucial. Reading a balance sheet It's important to understand the line items on a balance sheet. Taking a deep dive into these details can provide valuable insights into your financial well-being. Soon, you will instinctively know if something doesn't look right. Return on equity This concept helps us decide whether to keep investing in the business or look into other investment options. You see, there are always opportunity costs to consider for every investment. Materials A construction contractor may purchase material and resell it to their customer. Thereby thinking it is a reimbursable expense. (You lose money when doing this).  Remember all invoices to the Customer (Retail, General Contractor, Spec Builder, Developer) are income. Every line item on a customer invoice is ALL INCOME. If the words are on the invoice, then the invoice is either taxable or non-taxable based on other factors. Washington State, for instance, has a clear explanation.  Purchases for the material are Cost of Goods Sold or are expenses if you are short-cutting your accounting. I have seen financial statements backed out because they will reflect reimbursable income as a negative number, thereby showing it as a deduction. (The net effect is double dipping on the expense side.) The cause is that the accounting software is not correctly set up.  Cost of goods sold It's imperative to clearly understand the cost involved in producing your products or services. If you're unsure how much it costs to provide your services, it's hard to know how much you'll have left to cover your overhead expenses. For example, a material receipt arrives at the regular bookkeeper's desk from a lumber supplier, and they open the QuickBooks contractor file, look up the supplier to determine how the previous lumber purchase was coded, and proceed to code the new transaction the same way. The problem is that each transaction is unique and could go into any of a dozen accounts or item codes depending upon whether it is a direct cost, indirect cost, WIP, retention, warranty, overhead, administrative, or other costs, or simply an expense. The cumulative effect of these bookkeeping errors in one month can do enough damage to the financial and job cost reports to bankrupt a contractor eventually. Accounts payable and accounts receivable Managing cash flow through digital tools for accounts payable (AP) and accounts receivable (AR) is crucial. After all, cash is king for small businesses! No - the company with the most Accounts Receivable or Accounts Payable does not win a prize. Accounts Receivable means your customers owe you money. Accounts Payable means you owe money to your suppliers. Net Profit is the money left over. You want lots of Net Profit! You are not a banker! Stop borrowing money using your credit cards, Loans, and Lines of Credit, then finance customers' projects at 0% interest. Working capital Monitoring working capital is vital for ensuring the business has enough funds to operate smoothly. You can get loans if you can't get enough working money because of seasonality or other external factors. A working capital ratio between 1.2 and 2 signifies a healthy business to lending companies. The operating capital ratio shows the percentage of assets to liabilities, i.e., how often a company can pay off its current liabilities with its existing assets. The working capital ratio calculation is Working Capital Ratio = Current Assets / Current Liabilities. We are deeply passionate and committed to the construction industry and want to support you, our clients, and our readers to achieve your definition of success. Whether you're a contractor, owner, spouse, business professional, bookkeeper, or accountant, we understand your frustrations because we've been where you are now and are here to help. We have proudly produced 12 classes in our Construction Accounting Academy. Each course was designed for QuickBooks users from all levels - Beginner to Experienced. Our goal is to provide the student with suitable and valuable information to build a construction accounting system specific to their type of construction business and company role. As with every type of business, having the right tools can help you work efficiently and effectively. The key to your business profitability lies in understanding the critical concepts of construction accounting. Now that the tools are available online and accessible 24/7, it's up to you to leverage and implement the power of knowledge. To wrap things up A solid understanding of these key financial concepts enables you to make informed decisions, effectively manage your finances, and strategically drive your businesses' growth and long-term success. With financial acumen, you can identify expansion opportunities, mitigate risks, and build a sustainable foundation for your business ventures. Don't navigate your finances alone – we're here to help. About The Author: Sharie DeHart, QPA, co-founded Business Consulting And Accounting (Fast Easy Accounting) in Lynnwood, Washington. She is the leading expert in managing outsourced construction bookkeeping and accounting services companies and cash management accounting for small construction companies across the USA. She encourages Contractors and Construction Company Owners to stay current on their tax obligations. She offers insights on managing the remaining cash flow to operate and grow their construction company sales and profits so they can put more money in the bank. Call 1-800-361-1770 or sharie@fasteasyaccounting.com  

What Sellers need to know about Net Working CapitalToday #PoisedforExit met up with Joe Hellman, partner at Redpath and Associates and leader of their M&A services area. Joe works on a lot of business transactions for clients, both from the buy side and the sell side. We focused on Working Capital today, since it can be a confusing and sometimes touchy subject for sellers. Net Working Capital, according to Joe, is calculated simply by taking current assets and subtracting current liabilities from the balance sheet and represents the liquidity of the company. We also covered why it's important in transactions. If you are the buyer, you're going to need capital to keep the business going, right? For larger companies, it's not as much an issue, but for smaller ones, it is. We're talking about the lower middle market in this situation. If you are the seller, you likely believe all the cash and Accounts Receivable belong to you. At least, that's how many sellers see it. Joe says that how much of the A/R and cash you get to keep depend on several things; how the deal is structured, the size of the deal, the industry, and who the buyer is. "It depends" is an answer we all get a bit tired of hearing, but it's the truth. The most important thing for sellers to do when the time comes to negotiate this is to think and plan ahead on what you are willing to negotiate. Joe emphatically says  "know your business and know your numbers!"  Another piece of advice is to hire the right advisors who can help you well before it's time to start negotiating this important part of your transaction! For more of Joe's advice, listen to the show here Connect with Joe Hellman here and Julie Keyes hereThank you to our show sponsors! Dayta, JAK, Sunbelt Business Advisors and Trust PointExciting events coming up!September 13th True North M&A Summit Register hereOctober 5th Twin Cities Metro Area Chapter Owner's Forum Register hereAre you ready for your best exit? There is no time like the present to prepare. Check out these resources offered by KeyeStrategies: Business Readiness Transition online course Free Ebook download here Purchase Poised for Exit book here

Why have mid-market companies been ignored when it comes to payment and automation transformation? In this episode of PayPod, host Jacob Hollabaugh sits down with Nancy Sansom of Versapay to discuss their company's focus on B2B fintech and its offerings in payments and automation. Versapay is the first Collaborative Accounts Receivable Network. Watch this episode for a fun and interesting dive into this latest development in payments and fintech. www.soarpay.com/2023/09/versapay

Accounts Receivable and Deferred Revenue both deal with the concept of cash, but they represent different things. What are the differences?Contact: investmentbankinginsights@gmail.com

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Ben Sabourin has over 25 years of experience managing people in various industries in the for-profit and nonprofit business worlds and was most recently employed by the second-largest health information management company in the U.S. as Director of Accounts Receivable. Currently, he is a Certified Life Coach, a Real Colors Certified Facilitator, and is back earning his bachelor's degree in Business Administration from BYU-Idaho through the Pathways Program. Ben has served as an assistant ward clerk, elders quorum president and counselor, and a ward mission leader. Ben served in the Dominican Republic, Santo Domingo East Mission, where his love for the Spanish language, culture, and people was fostered. He is now a high counselor assigned to serve the Spanish Branch in the Green Bay, Wisconsin Stake. Ben and his wife Cindy have been married 23 years and have two children and three grandchildren. Highlights 02:30 Introduction to Ben Sabourin and his backstory 13:50 Leadership opportunities Ben has had outside the church 14:30 After 14 years of inactivity Ben came back to the church. He talks about his path to come back. 21:30 Getting called as elders quorum president 6 months after reactivating. It forced him to be a better disciple of Jesus Christ faster. 24:00 Ben knows how to meet people where they are because he himself has been there 25:00 Starting out as elders quorum president and what Ben needed and learned 29:30 As elders quorum president, Ben noticed that the men were very guarded and it wasn't easy to be vulnerable and talk to each other about their struggles. His goal was to create opportunities to fix that. 30:45 Service is the way that we build a bridge to unity. We have to be friends besides just the hour that we are at church. 32:00 Ben shares his ideas for socials for men and things that worked for him. Socials became a way that Ben was able to help create unity in his quorum. 36:25 Don't wait for people to ask for a blessing. Ask them if they need one. People, especially men, have the tendency to say, “I'm fine.” 39:00 Love, share, invite. People don't care unless they know how much you care. In order to teach and lead the people, you have to love the people. 41:50 What Ben has learned from his time on the high council serving in the Spanish ward You are there to love, share, and invite, not dictate Make yourself available and earn trust After you've earned trust, do what you say As a high councilman, stay out of their way and let them know what their resources are and that you are available to them 50:45 Ben's final thoughts and what he has learned from being a leader Links "Love, Share, Invite" by Elder Gary E. Stevenson Read the TRANSCRIPT of this podcast Listen on YouTube Get 14-day access to the Core Leader Library The Leading Saints Podcast has ranked in the top 20 Christianity podcasts in iTunes, gets over 500,000 listens each month, and has over 10 million total downloads as part of nonprofit Leading Saints' mission to help latter-day saints be better prepared to lead. Learn more and listen to any of the past episodes for free at LeadingSaints.org. Past guests include Emily Belle Freeman, David Butler, Hank Smith, John Bytheway, Liz Wiseman, Stephen M. R. Covey, Julie Beck, Brad Wilcox, Jody Moore, Tony Overbay, John H. Groberg, Elaine Dalton, Tad R. Callister, J. Devn Cornish, Dennis B. Neuenschwander, Anthony Sweat, John Hilton III, Barbara Morgan Gardner, Blair Hodges, Whitney Johnson, Ryan Gottfredson, Greg McKeown, DeAnna Murphy, Michael Goodman, Richard Ostler, Ganel-Lyn Condie, and many more in over 500 episodes. Discover podcasts, articles, virtual conferences, and live events related to callings such as the bishopric, Relief Society, elders quorum, Primary, youth leadership, stake leadership, ward mission, ward council, young adults, ministering, and teaching.

Ben Sabourin has over 25 years of experience managing people in various industries in the for-profit and nonprofit business worlds and was most recently employed by the second-largest health information management company in the U.S. as Director of Accounts Receivable. Currently, he is a Certified Life Coach, a Real Colors Certified Facilitator, and is back earning his bachelor's degree in Business Administration from BYU-Idaho through the Pathways Program. Ben has served as an assistant ward clerk, elders quorum president and counselor, and a ward mission leader. Ben served in the Dominican Republic, Santo Domingo East Mission, where his love for the Spanish language, culture, and people was fostered. He is now a high counselor assigned to serve the Spanish Branch in the Green Bay, Wisconsin Stake. Ben and his wife Cindy have been married 23 years and have two children and three grandchildren. Highlights 02:30 Introduction to Ben Sabourin and his backstory 13:50 Leadership opportunities Ben has had outside the church 14:30 After 14 years of inactivity Ben came back to the church. He talks about his path to come back. 21:30 Getting called as elders quorum president 6 months after reactivating. It forced him to be a better disciple of Jesus Christ faster. 24:00 Ben knows how to meet people where they are because he himself has been there 25:00 Starting out as elders quorum president and what Ben needed and learned 29:30 As elders quorum president, Ben noticed that the men were very guarded and it wasn't easy to be vulnerable and talk to each other about their struggles. His goal was to create opportunities to fix that. 30:45 Service is the way that we build a bridge to unity. We have to be friends besides just the hour that we are at church. 32:00 Ben shares his ideas for socials for men and things that worked for him. Socials became a way that Ben was able to help create unity in his quorum. 36:25 Don't wait for people to ask for a blessing. Ask them if they need one. People, especially men, have the tendency to say, “I'm fine.” 39:00 Love, share, invite. People don't care unless they know how much you care. In order to teach and lead the people, you have to love the people. 41:50 What Ben has learned from his time on the high council serving in the Spanish ward You are there to love, share, and invite, not dictate Make yourself available and earn trust After you've earned trust, do what you say As a high councilman, stay out of their way and let them know what their resources are and that you are available to them 50:45 Ben's final thoughts and what he has learned from being a leader Links "Love, Share, Invite" by Elder Gary E. Stevenson TRANSCRIPT coming soon Listen on YouTube Get 14-day access to the Core Leader Library The Leading Saints Podcast has ranked in the top 20 Christianity podcasts in iTunes, gets over 500,000 listens each month, and has over 10 million total downloads as part of nonprofit Leading Saints' mission to help latter-day saints be better prepared to lead. Learn more and listen to any of the past episodes for free at LeadingSaints.org. Past guests include Emily Belle Freeman, David Butler, Hank Smith, John Bytheway, Liz Wiseman, Stephen M. R. Covey, Julie Beck, Brad Wilcox, Jody Moore, Tony Overbay, John H. Groberg, Elaine Dalton, Tad R. Callister, J. Devn Cornish, Dennis B. Neuenschwander, Anthony Sweat, John Hilton III, Barbara Morgan Gardner, Blair Hodges, Whitney Johnson, Ryan Gottfredson, Greg McKeown, DeAnna Murphy, Michael Goodman, Richard Ostler, Ganel-Lyn Condie, and many more in over 500 episodes. Discover podcasts, articles, virtual conferences, and live events related to callings such as the bishopric, Relief Society, elders quorum, Primary, youth leadership, stake leadership, ward mission, ward council, young adults, ministering, and teaching.