4 ways to get control of your accounting paperwork
Paperwork. It’s such an important part of your business. And when that paperwork is related to accounting, tax and payroll it’s enough to strike fear into the heart of any business owner. The reason is fear of the unknown. Many business owners simply do not know enough about that side of their business. In this […]
5 Cash Flows Problems AND how to solve them
Cash flow problems? What is that? Cash flow is the number one problem in any business but it impacts smaller (newer) businesses more. Every business will encounter a cash flow problem at one time or another. Fortunately, most cash flow problems can be prevented with a bit of preparation and the right strategy. Here is […]
Why purpose-driven businesses outperform profit-focused competitors
Let me tell you about two business owners I’ve worked with. The first came to me making decent revenue. R80k per month. Profitable on paper. But completely miserable. Working 60-hour weeks. Resenting clients. Questioning why she even started the business. The second was making less – maybe R50k monthly. But lit up when talking about […]
Are you happily married to SARS?
SARS and you? For the purposes of this article, “marriage” refers to any relationship. In this article, we focus on your relationship with SARS. For the purposes of this article, SARS is the tax man in South Africa. This can be changed to the local tax authority in your country. For all marriages to succeed […]
7 Accounting Myths – Busted!
So many times I am out at a restaurant, store, or outing and someone in my family or group of friends says “You’re the accountant, how much is this?” and wants me to calculate something in my head. I am going to let you all in on a little secret… I am not a mathematician, […]
Are you running a cashless business?
Running a cashless business is an ideal in todays world. There are obvious advantages but will it take over completely? Could we have a cashless world? Many businesses, like mine, don’t deal with cash and never have and never will but some businesses rely heavily on the use of cash. The obvious example is the […]
To outsource or not to outsource? The debate
The debate whether to outsource. There is a myriad of information out there regarding the use of outside consultants. The debate raging on and probably will do so for years to come. This debate is whether to outsource or not. Some are pro the idea, outsourcing work to others whilst some are against the idea. […]
5 questions to ask your accountant
We have drafted 5 questions to ask your accountant so you know what is required from you and what you can expect from them. 1) How much do you charge and how do these suit my needs and pocket? Fees are worked out according to your specific needs. There is no “one package for all […]
Business lessons from Bob
My son (let’s call him Bob) at the time of writing is about 10 months old. That was 10 years ago now. As with any kids can (and do), he has taught me various lessons in life. He has already taught some lessons about business too. Here are just 3 tips that my son has […]
The importance of collecting outstanding monies
In business, the income or sales cycle is critical to your company’s survival. It brings in the money to move the company forward. Simple. Well, yes. The customer or debtor can pay you at a later time (up to 60 days) depending on your terms. This has all been captured in your accounting system already. The […]