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 […]
Four reasons why you’re not using a budget
You have all heard how important budgets are. But if you have never used a budget, why start now? Here are four reasons why companies do not have budgets or, if they have them, do not use them effectively. 1. They are incorrect or out of date Budgets are much like goals or dreams. They […]
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 […]
Cash Flow: 7 No-Brainers for Improving It
Cash flow The lack of cash in a business is not an external issue, but an internal one. If you want to change this problem, you have to be serious about your business financial health and make the tough decisions. Once this one decision is made – you will never look back or regret making the […]
Xero vs QuickBooks South Africa: Which Accounting Software Fits Your Business?
When South African business owners compare accounting software, two names consistently rise to the top: Xero and QuickBooks. This article explores the key differences between Xero vs QuickBooks in South Africa, helping you choose the right fit for your business based on features, functionality, and local relevance At BC Accounting, we believe software should serve […]
Urgent accounting – Fact or Myth?
What is urgent? In a society that is instant we have everything at our finger tips. This can be amazing because you know you can sort it out quickly. There are, however, some parts of life and business that don’t contain emergency situations. Accounting, tax and payroll are a good example. There may be some […]
The Basics of VAT
What is VAT? Value Added Tax (VAT) is an indirect tax on the consumption of goods and services in the economy. Revenue is raised by the government by requiring certain businesses to register and to charge VAT on the taxable supplies of goods and services. That might seem a little complicated but the basics of […]
Cash is KING!
CASH is KING! 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. the more the better. Everyone should be aiming at living debt-free. Not owing anybody anything […]
Expenses, what are they and how do they work?
Expenses are costs incurred in order to run your business. They are paid for by the income your business earns from sales. The costs are used in the calculation of nett profit and the taxable income. Expenses and cost of sales are often confused and used for the same meaning. They are different and they […]
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. […]