Sales cycle: the first step to an effective business
Just as the year is broken into seasons or cycles, the accounting side of your business is also broken into cycles. The first cycle is known as the sales cycle. This cycle is something that is often pretty obvious to most people. However, but many business owners do not complete the cycle, often failing to […]
The 4 types of clients all accountants face (I hope you’re not a No. 4)
Everyone has an opinion or attitude towards everything in life. Whether it is outspoken or kept to yourself, you have them. Some attitudes are more subtle than others. This is generally where the attitudes towards accountants come into play. These attitudes are often swayed by public opinion or perceptions. These can be changed in your […]
Finding the truth and reconciliation in accounting
A fundamental principle in accounting is that everything has to balance. People call it different things, but in accounting, it is called reconciliation. All accounting systems are built on this principle. You cannot unbalance it. The problem here is that there is always room for human error. We are human and certainly not perfect. Sometimes […]
What are fixed assets in your business?
What are fixed assets? Fixed assets are also called non-current assets or even capital purchases. These are items in your business that will generate income for a period longer than one year. They are all the “big things” in your company that you use to make or sell your service or products. Examples of fixed […]
Your Accountant – 4 ways they save you money
Having an accountant is one thing, having one that saves you money is another completely different ball game Deadlines: With an accountant on top of your tax, you don’t have to worry about missing the deadline for tax compliance – they’re there to remind you that you need to file your returns, and they do […]
An online Accounting system? Yes/No?
I get asked more often than I would like to accept, “do I need an online accounting system?” the answer is no you don’t. All I have to say to this is, find me a successful business that does not have one. My answer to this is, Yes, you do. This leads onto the next […]
How does the accounting process work?
The accounting process from start to finish There are many ways to skin a cat as the saying goes but unlike cats, accounting and accurate record keeping in business, has one way of doing it. The are many options in that way but the process is always the same. More importantly, the process is simple. […]
Avoid Common Accounting Mistakes
Businesses, in their pursuit of success, can sometimes stumble upon hidden obstacles that impede their financial well-being. These obstacles often manifest as errors in accounting practices, leading to inaccurate financial data and ultimately, hindering growth and stability. Let’s delve into five common pitfalls businesses might encounter in managing their financial information: 1. Inaccuracy: Inaccurate data […]
The BCEA: Notice periods, Administration and Victimisation
BCAS is NOT a labour specialist. This article is just a GUIDE. Please contact a specialist for help on this. We cannot help you with labour law concerns Read about some common accounting mistakes here. The Basic Conditions of Employment Act (BCEA) provides a basic guideline on BCEA regulations relating to: Working times: including shift […]
The BCEA: Payment
BCAS is NOT a labour specialist. This article is just a GUIDE. Please contact a specialist for help on this. We cannot help you with labour law concerns Read about some common accounting mistakes here. The Basic Conditions of Employment Act (BCEA) provides a basic guideline on BCEA regulations relating to: Working times: including shift […]