Rayvat Accounting

  What does it mean to finance an asset? Asset financing refers to the use of a company's balance sheet assets, including short-term investments, inventory and accounts receivable management , to borrow money or get a loan. The company borrowing the funds must provide the lender with a security interest in the assets. Intangible assets are the valuable property that is not physical in nature. They include patents, trademarks, and intellectual property. What is an Asset Based Loan? Asset based business lending (ABL) is a types of commercial financing in which funds are provided after they are secured with assets on a company’s balance sheet. Such asset based loan collateral may be accounts receivable, commercial real estate, equipment or other business assets. Asset based lending usually comes in two types of facilities: term loans and lines of credit, but are also available in other forms like factoring, merchant cash advances and ACH financing. Factoring, cash advances and ACH an...

No matter what the nature of your business, keeping an accurate set of books is essential. Without   accurate bookkeeping services , it will be difficult to attract the funding you need because business records are generally the first thing potential lenders and investors want to see. Inaccurate or disorganized business accounts can also make it difficult to file your taxes or even land you in hot water with the Internal Revenue Service. Using QuickBooks to keep your business records lets you avoid those potential problems. Best Accounting Software for Small Businesses Widely regarded as the top accounting software for small businesses, QuickBooks does it all. Whether it's the affordable pricing, the various pricing plans, or the elite features, QuickBooks is the dream accounting software application for small businesses. To find the best small business accounting software, we evaluated dozens of accounting programs. The software needed to be well suited for a range of business typ...

What is Cost of Goods Sold? Have you ever wondered what the actual calculation is for cost of goods sold for your restaurant maybe one of the most important calculations you're ever going to do in your business. knowing your cost of goods sold could be one of the most important things you're going to measure in your business and to measure it you have to have the right equation and the right information so how do we do this.   Read More : Choosing the Right Accounting For Restaurants Beginning Inventory well it starts off with knowing your beginning inventory beginning inventory is what was on the shelves the last time you counted well that means we have to be taking inventory minimum on monthly basis preferably on a weekly basis to know the value of everything on the shows that includes all of our batch.   items meaning desserts side dishes soups anything that I manufacture myself for instance if I have a tenderloin I cut it up into fillets that isn't...

Rayvat Accounting is one of Illinois’s top  quickbooks bookkeeping services  providers and consulting Firms and has been Quickbooks certified bookkeepers team. Rayvat Accounting has performed thousands of client engagements across several industries with very strong expertise around QuickBooks implementation, integration and business processes. Rayvat’s broad expertise in all of Intuit’s products gives them the ability to provide exceptional service to QuickBooks’ users. As a QuickBooks accounting services provider, we count on solutions Rayvat Accounting provides online bookkeeping services to small- and mid-sized businesses all over the country. Read More : Accurate Outsourced Bookkeeping Services in Illinois  

These troubles come from different departments and business units. When these challenges are financial reporting and auditing, in the beginning, that is when points get hideous. Accounting is an essential part of business operations, no matter the dimension of the business. However, smaller sized services typically encounter special challenges that bigger services might not come across. Below are some of one the most common Financial challenges small businesses can encounter. Here are the 7 most typical financial challenges business owners have to encounter:

A financial statement is not just designed for the business or entrepreneur. Shareholders, employees, management, bankers, suppliers, and other interested stakeholders will peep into the statements or demand the document on a regular basis in order to make crucial decisions. The statements will also be crucial for accurate tax returns preparation and other statutory filings. Several elements must be captured in the statement so that it can serve the intended purpose. Elements of Financial Statements Here are the 5 basic elements of any financial statements Assets :- These are resources owned and controlled by the business for which present or future benefits may flow to the business. When balancing the accounting equation, asset value will be the difference between equity and liabilities. Examples of assets include computers, land, cash, inventories, goodwill, prepaid expenses, and property, among others. Liabilities :- Liabilities are obligations that the business must...

Every business needs to have a revenue target which they need to fulfill within a given time frame. There may be deviations from the path to achieving the objective, but eventually, we can attain the goal if we have a specific plan. The path or road map that we need is a financial budget, and it is indispensable for the prompt and long-term success of our business. We can understand the bigger picture and prepare ourselves for any business challenges down the road.  What Does a Budget contain? A budget gives us a snapshot of the revenues versus the expenses incurred by our business for a given period which could be a month, quarter or a year. This is our Cash Flow Management . The Best Time to Create a Financial Budget The right time to prepare a financial budget would be now! The budget should cover a minimum time frame that gives us enough insight into the future. A ballpark figure for the time frame would be 12 months so that we can get a perspective of the future busi...

Accounts receivable is the payment that the company is due to receive from its customers. This payment is valid for people who have purchased its goods or services. The credit period for this account usually varies from few days to few months and in some cases may reach up-to a year, it all depends on the kind of contract the two parties may sign.  our  accounts receivable outsourcing services  can help improve your cash-flow and op-ex by giving you the data and analytics needed to monitor your customers’ activity, credit, and more. Let’s imagine a situation, where the customer has used or is using your goods/services. They are not paying your apt due. So, what will you do, chase the firm, until they pay you, or keep on badgering them for the payment. Whatever the method you adopt, it’s the extra time that you are going to input which could have been used better. How about you go for  Accounts receivable outsourcing .  This helps you to keep a detail ...