Understanding Accounts Receivable: The Lifeblood of Your Staffing Firm
In the fast paced world of staffing, maintaining a steady cash flow is critical. You’re paying employees weekly or bi-weekly, often long before your clients pay their invoices. That’s why accounts receivable for staffing firms is more than just an accounting concept it’s the financial backbone of your business. What is Accounts Receivable? Accounts receivable […]
Balancing Competitive Rates and Profit Margins
Balancing Competitive Rates and Profit Margins: A Critical Challenge For Staffing Firms One of the biggest challenges staffing firms face is setting bill rates that strike the right balance between competitive rates and profit margins. If you charge too much, you risk losing clients to competitors. On the other hand, pricing too low means your […]