Every business has various daily costs and expenses that result from its trading activities. Some of these may change over a short period of time while others are fixed. You will find that as your business thrives, managing those expenses becomes difficult. Even more so if your primary aim is…
Preparation of monthly, quarterly and yearly budgets explained in 5 minutes Budgeting allows business owners to weigh the costs and benefits before committing resources. It is also about making an educated guess as to how the future of your business’s finances will look. It requires examining what happened last month,…
Here is Why Debtors and Creditors Management Is Essential Read the PDF Document
How Accountants Help Municipalities to Avoid Financial Distress In one way, at least, South African municipalities are like movies. The main casts are your colleagues, comrades, family members and friends. Nosy journalists, oversight bodies, opposition parties and any one scrutinising you closely on how you manage your municipality can be…
Five Signs You Should Hire an Accounting Firm When is the right time to hire an accounting firm? The answer is, when you have sufficient funds to pay accountants to help you out. However, you need to choose the right accountants you can trust with your financial information. The right…
Why Bookkeeping Is Still Important in 2019 Bookkeeping has always been important since time immemorial. The history of bookkeeping is littered with examples of ancient governments and entrepreneurs who recorded their financial transactions daily. This can be traced back to ancient Mesopotamia, whereas early auditing systems are traced back to…
"By failing to prepare, you are preparing to fail." Benjamin Franklin Preparing for an Annual Audit can be daunting and time consuming, especially if you will be doing it for the first time.There is also a likelihood that the prospect of an independent audit of your company accounts could trigger…