How do accountants manage small businesses? They follow a simple plan. The accountant creates an income statement, a balance sheet, and a statement of cash flow. Then he reports these things to the management company.
How do accountants manage accounts receivable? First, they take on some human resource and payroll functions. This function allows them to expand their business. After they have developed an accurate system, they can manage collections.
How do accountants handle collections? If a customer does not pay their invoice, the company has the right to place the customer’s debt in an interest-bearing account called an allowance. This account helps the company to collect the interest on the money.
How do accountants handle customer sales? How do they develop good salespeople? In the same way, they develop good employees. They offer training and encourage good, old-fashioned hard work. They remind the salesperson of all the things they have been taught customer loyalty, discounts for repeat sales, referrals to friends. All these things lead to increased sales and more money in the business’s pocketbook.
How does one keep their customers coming back? One of the widespread problems facing small companies is that they are not advertising their product. Without advertising, no one knows about the products and services the company offers. However, one will not be able to sell their goods if no one knows they exist.
How does one get their customers’ attention? In…