Advisory Accountant or Compliance Partner
Your accountant should be telling you things you did not know to ask.
If every conversation is reactive like you have a problem, they help you fix it, you are getting compliance, not advice.
Cash Flow Forecast: Looking forward
If there is one financial tool that I would give every South African SME owner above all others, it is not a better income statement. It is not a more detailed budget. It is a cash flow forecast. A cash flow forecast is simply a forward-looking view of what money is coming into your business […]
VAT in a nutshell
If VAT feels intimidating, don’t stress. Here’s a clear, practical breakdown of what it is, when you need to register and how to stay compliant.
The Basics of VAT
VAT is a broad topic, sometimes confusing, here are the basics of VAT for you to get started with. It can be complicated can be simple too.
Why performance management starts with your balance sheet
Most South African SME owners think about performance in terms of revenue. Did we hit our sales target this month? Are we growing year on year? Is the business busier than it was last year? Revenue is a starting point, although it is only one dimension of business performance. A business can grow its revenue […]
The Xero Dashboard. Start here always
Most Xero users open the platform to do a specific task — send an invoice, capture a bill, run a report — and then close it again. The dashboard, which is the first thing you see every time you log in, gets glanced at and scrolled past. That is a missed opportunity. The Xero dashboard […]
Records of expenses are critical
Records and business Accurate records of expenses are vital for business and without them, your accounting will never make sense. Nothing will be accurate. This will only lead to problems and much frustration down the road. Consider the following scenario: At the till or restaurant, you make a note of keeping the slip for your […]
Technology will save me!
Even accountants like technological advancements. They don’t just sit in the corner smashing away on the keyboard. It is true. Technology has brought a whole new level of convenience to a lot of life, even accounting, but it is also true that it does not solve everything. Accounting packages Accounting packages simplify the accounting process […]
Is that employee the correct fit?
In business, your employees are your greatest asset but your greatest enemy too. If they are the right person for the job, they are a productive part of your team. They are then driving the company forward. On the other side of the coin, if they are not the right person or the right fit, […]
Mixing personal and business accounts
Why separate? Failing to separate personal and business accounts is a common and sometimes dangerous mistake people make. To some, it might seem obvious to separate the two accounts. However, some people will expose their business to risks by combining the two accounts. Ideally, there should be two different bank accounts – one for business […]