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What's Your DSO?

If your business grants credit to customers, then you will carry a balance in accounts receivable. DSO stands for Days Sales Outstanding, and this helps you measure how fast your receivables are being converted to cash. Here’s how to calculate your DSO: DSO = Accounts receivable balance / Annual net credit sales * 365. DSO is measured in days and it represents how long it takes for you to collect customer invoice balances and convert it to cash. Here are some tips to reduce DSO: 1. Invoice Clarity Make sure your invoices are accurate and clear. Make it clear who the check should be made out to, where to mail it, the due date, and the amount due. All of these features should be ea

Get Ready for Phase-Out of Bonus Depreciation

Given Congress’ recently updated rules on the first-year bonus depreciation of equipment, it’s important for businesses, especially leasing and other equipment-heavy companies, to be planning for next year. And the year after next. StartFragment And the year after that. In a nutshell, Congress late last year passed a package of tax extensions. One of the most important was the extension, toward an ultimate phase-out, of bonus depreciation over the next three years. The change, included in the Protecting Americans from Tax Hikes (PATH) Act of 2015, makes it crucial for businesses to plan their asset acquisitions, and related depreciation deductions, carefully in the next three years.StartFrag

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