August 2022 marked the seventh birthday of BC Accounting Services, so to honour this, I have put together seven lessons, to mark one business lesson learned for each year.
Business Lesson One: Just start.
I had no idea what I … Read the rest
August 2022 marked the seventh birthday of BC Accounting Services, so to honour this, I have put together seven lessons, to mark one business lesson learned for each year.
Business Lesson One: Just start.
I had no idea what I … Read the rest
Everybody loves meeting someone or many people for a drink. Possibly the most common is a cup of your favourite brew. This is a legitimate reason to do business and network with important connections, but it … Read the rest
The burning question that gets asked frequently is this: “What do accountants actually do”? The answer can be as simple and as complex as the accountant wants it to be. I do not like answers to … Read the rest
It is on everybody’s lips in South Africa and in fact all over the world. Recession. South Africa adds another word, junk status. Despite not completely understanding the concepts, the fear attached to them is taken seriously. This is not … Read the rest
Over the years, I have come across loads business owners who run their business and that’s where it ends. They rarely (if ever) glance at their financial statements. Also called financials or reports – it … Read the rest
Accounting is the most vital aspect of any business because it ensures that financial decisions made are based on a sound base. However, many people either do not understand accounting or just do not want to do … Read the rest
How do you increase profits (or your bottom line)? There are two options – increase sales or cut the business costs and save.
Service providers and suppliers often offer discounts if certain requirements are met. Make … Read the rest
I know what you are thinking – I hate numbers and I hate budgeting even more! They are so boring and I often get it wrong. I understand why you say that and so many people think the same way. … Read the rest
You may have heard that “Cash is King” and it has never been more apt than now. What does it mean?
It is simple – if you have cash (or money in the bank), you are king. … Read the rest
“Budget” is a common word that surfaces about three times a year. It is the first “tool” many people turn to when:
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