It’s always a good question. Some might say that there’s never enough money and others may say that enough is when it’s enough. Both are similarly vague and not really accurate. Continue reading
Inherent risks when it comes to dealing with cash
So you’ve decided to deal with cash payments (well, decided or forced, doesn’t really matter), but have you considered all the risks there are? Have you mitigated them to an acceptable level for you? Continue reading
Should you use cash in your business?
The decision whether or not to use cash payments in your business comes mostly down to need. Do you need to deal in cash? Taking into consideration all the risks there are, it’s always down to “need” and not “choice”. Continue reading
Trying to do business and then there’s accounting
First and foremost, keep it simple and structured. It only gets messy and stressful if you have to do it ad hoc. It may sound like a cliché, but don’t panic! You can do it all if you just keep a cool head and have it all structured. Continue reading
I need help with an overview of my money!
Running a business is all about funds – resources needed for investing, paying your suppliers, paying your employees and at the end of it all, also paying your owners (in the form of dividends). Continue reading
What if I don’t get an invoice from my supplier?
Every so often it may happen that getting an invoice from your supplier isn’t all that easy. The reasons may vary – technical problems with issuing the invoice, problems with calculating the prices and so on. They may have promised to send you the invoice on a said day, but as it happens, it’s late until further notice. Continue reading
Applying a change in accounting policy
When you’ve opted for a change in an accounting policy, there are two ways it can be applied – retrospectively or prospectively. Continue reading