Archive for December 2022
Breaking down the Cash Conversion Cycle.
Cash Conversion Cycle:A company’s cash conversion cycle (CCC) is an important business metric, which shows the efficiency of the company’s daily operations. Keeping track of it allows businesses to gain an understanding of how quickly cash can be converted into sales and returned to cash. Furthermore, it facilitates the creation of a clear picture of…
Read MoreThe 15 Rules of Advisory Service For Accountants
It doesn’t matter where I look, someone is talking about the need for accountants and bookkeepers to make the move to providing advisory services. I get it. This was a complaint I had of my accountant back in 2008. He could complete and file reports like nobody’s business, but when I asked him what I…
Read MoreWhat is Cash Conversion?
What does the Cash Conversion Cycle measure? The importance of the Cash Conversion Cycle for your small business. What is the Cash Conversion Cycle? In the financial world, the cash conversion cycle (CCC) measures the time it takes a business to convert its investments, such as inventory, into cash. What is a Sales Cycle? A…
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