Tag Archives: small business
Accounting Trends for Current Times
Have you set up a proper accounting system? And more importantly, do you update your system along with times? Technology has completely changed communication, collaboration, financial management and so many other aspects of running a business. And technology continues to shape the trends in the accounting industry as well. Let’s take a look at the […]
Organise Your Small Business Finances
Small businesses are often faced with one important question: how can finances be managed effectively? Unlike personal finances, there isn’t a single approach that can be applied to all the business entities out there. It all varies from business to business. Talk to an accounting firm and they’ll give you some guidance, helping you establish […]
Small Business Accounting: Starting Up
Just established your business? Set up your accounting system yet? The earlier you get this done properly, the better it will be. A robust accounting system is absolutely essential for any business – big or small. It helps you keep track of your expenses, manage your finances and so much more. Bottom line, it’s all […]
Get the planning and monitoring right
Knowing what you want to achieve and when you are going to achieve it is critical to business. And this requires planning. What do you need to do? Firstly, identify what activities you will undertake and break these down into revenue earning or cost incurring ( or investment) and determine the time frames for each […]
Have good accounting information
Good accounting information will keep your business on track and will alert you early to any issues and enable you to make appropriate changes. A major factor to consider is the structure of your accounting system and how transaction information is captured. Remember garbage in, results in garbage out. Know what it is you want […]
Link your vision to achievable goals
We always like to dream big but the vision will not become a reality if you don’t have appropriate achievable goals. These goals are the steps required in each area of your business in order to get what you want. You need product and service goals, sales and marketing goals, financial and operational goals as […]
