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Definition of Accounts Receivable Turnover Accounts Receivable Turnover can be defined as the number of times on a yearly basis that a company collects its accounts receivables. This metric is used to measure the extent to which companies collect periods from their customers. Receivable Turnover is an accounting measure that is used to gauge the overall effectiveness of the company when it comes to collecting its accounts receivables, or money that is owed by customers or clients of the business. Therefore, this ratio is directed towards measuring how well an organization uses and manages credit that is given to customers and how quickly short-term debt is collected or paid by the company. Generally speaking, firms that have a better collection policy will have higher accounts receivable turnover ratios. Therefore, Accounts Receivable Turnover can be described as a metric that helps companies to devise their credit policies, in line with the type of industry, and their own liquidit...

Normally “cheap” isn’t a word we like to hear about the construction of our homes. But as Penny Hoarders, we know there are ways to build a house and save money at the same time. And with the real estate market going crazy for existing houses, now might be the time to consider building your own house instead of buying. You may think you’ve picked up lots of tips from all those trendy home building and remodeling shows on TV. Lots of ideas, too. But remember, each extra idea costs money. Think for a bit — do you really need a pot filler for your kitchen or reclaimed hardwood floors in every room? Let’s look at how you can use planning and a little know-how to find the cheapest way to build a house and still get what you want. Have an Overall Home-Building Plan A plan and a budget are not the same thing, but a plan includes a budget, and much more. That’s where to start the home building process. Be honest with yourself during this stage, says architect Donald Ruthroff, principal o...

Some of the links in this post are from our sponsors. We provide you with accurate, reliable information. Learn more about how we make money and select our advertising partners . You work hard for your money, and you spend it responsibly. So when you finally do make that big purchase, the last thing you want is for something to happen to it. Maybe your dog knocks a drink onto your new couch. Or an especially curious kid decides to see if your new phone can float. Ouch. You know there are manufacturer warranties, but those are so short — and they might not even cover accidents like these. Luckily, we found a browser extension called Mulberry that will give you 12 months of coverage on almost any online purchase — for free. Seriously. How to Protect Your Online Purchases for Free It’s as simple as adding the Mulberry extension to your Chrome browser. Then, just shop online like you normally would. The extension will keep an eye out for qualifying items wherever you shop online — r...

October is National Women’s Small Business Month. Did you know that 39 percent of U.S. businesses are owned by women, according to a report by the National Association of Women Business Owners ? That said, many female entrepreneurs still face challenges. So what can you do about it? Learn how to support women-owned businesses (WOBs) — or start one yourself — with this handy video. (Hint: Doing your research, helping fellow entrepreneurs, and investing in WOBs can go a long way.) The post [VIDEO] How to Support Women-Owned Businesses appeared first on CentSai . from Earn Money – CentSai https://ift.tt/3FvT6LO

Some of the links in this post are from our sponsors. We provide you with accurate, reliable information. Learn more about how we make money and select our advertising partners . Take a look at your cell phone bill — how much are you spending? How much of it is on unlimited data — and how much data are you actually using? One in three Americans don’t use more than 5GB of data every month, yet millions of us are on unlimited plans on the most expensive carriers because we’ve been told to believe that’s the best deal. That could be costing us a ton of money. But here’s a little known fact that can save you nearly $450 a year: You can get on the most reliable cell phone network in the country and only pay for the data you need by switching to Twigby . Pay as Little as $6.75/Month to Get The Best Cell Phone Network Twigby isn’t one of those discount carriers that tags onto another network, outsources its customer service and penalizes you with fees. Instead, they’re a month-to-mont...

As the holidays near, the same companies that you’re browsing through to find gifts and supplies are likely hiring — in the thousands. And maybe even tens or hundreds of thousands. Seasonal jobs can help you recoup costs related to gift giving or traveling, and they may even blossom into a full-time career come January and beyond. Unrelated to the holiday hiring blitz, we found an additional 125,000 openings at several major restaurants. Even in a “normal” year, it’s difficult for companies to find and onboard a fleet of new seasonal recruits. This year hiring for the holidays may prove especially tricky. Long before this hiring season, employers in the service industry experienced what they called a “labor shortage.” Basically, for reasons that are hotly contested, they couldn’t find or hire enough workers. If you’re looking for seasonal work, this all translates to good news. To entice workers, many employers are offering $15 starting wages or higher, sign-on bonuses and interest...

One man business has many merits, and it is the simplest form of business. What are the top 10 advantages of sole proprietorship you should know that will help you decide whether you should prefer it to the partnership or not? Here I have discussed all pros of sole trading in detail to help you know why you should prefer it to the partnership business. Let us start! What are the Top 10 Advantages of Sole Proprietorship you must Know? Following are the top 10 advantages of sole proprietorship you should know: they will motivate you to be a sole successful trader and earn a lot of money. 1. Easy to Establish It is straightforward to start a business alone as you do not have to follow any legal criteria. In partnership, different people are involved, and all of them have different mindsets. It is a bit difficult to convince them of a strategy. But sole trader has to follow only two steps. Firstly, they have to think about an exclusive idea and then its implementation by following a...

Each person thinks differently about business and uses different methods for establishing it. What are the 10 types of entrepreneurs, and what kind of business are they running? Without wasting time, move ahead to learn about all types of businesspeople in details 10 Types of Entrepreneur The following points will help you know what are the 10 types of entrepreneurs in detail 1. Trading Entrepreneurs A person who buys the products from someone else then sells them directly to the customers is known as a trading entrepreneur. It plays the role of middle man as it does not manufacture anything, and he does not have his factory. He takes 100% of finished items from factories and sells them to the customer who comes to his shop. Such an entrepreneur is also known as the dealer, relater, middleman, and wholesaler between trader and manufacturers. 2. Manufacturing Entrepreneurs A person who prepares items from raw materials is known as a manufacturing entrepreneur. First, he goes t...

We’ve all got a story (or two) to tell. Yours could earn you money. Chicken Soup for the Soul is accepting stories and poems to include in upcoming books. If yours is chosen, you’ll get a check for $200. Back in the early 1990s, two popular motivational speakers put together a book filled with inspirational stories. “They called it Chicken Soup for the Soul because they wanted it to soothe and provide comfort, just like their grandmothers’ cooking,” according to the company’s website. The company eventually expanded its selection and has since published more than 250 titles within the Chicken Soup for the Soul book series that have sold more than 500 million copies worldwide. Books focus on specific topics like faith, raising kids and cats. How to Make Chicken Soup for the Soul Submissions Right now, the publisher is soliciting stories and poems for books in these subgroups : Thanksgiving, Christmas, Hanukkah and New Year's (deadline: May 30, 2022) Cats (deadline: March 15...

We’re always looking for ways to save money, and one surefire way to do that is to buy products that last. You can also buy products from companies that will repair or replace them if they break. You may spend a bit more up front, but quality items — and ones with awesome lifetime warranties — can end up saving you money in the long run. From backpacks to knives, here’s a list of 18 brands that offer lifetime warranties with no strings attached — plus 32 that cover manufacturer’s defects forever. 18 Companies With Lifetime Warranties Yes, even for normal wear and tear. 1. Cutco Knife-maker Cutco was founded in Olean, New York, in 1949. It offers a “ forever guarantee ” that extends to knives given as gifts or hand-me-downs. “Cutco knives have been handed down from mothers to daughters, grandfathers to grandsons and between friends,” according to the company’s website. “If at any time you are not satisfied with the performance of your Cutco product, we’ll make it right.” 2. J...