How to Evaluate Your Accounting Needs
Maintaining a proper and accurate record of your business finances, will keep your business in a proper financial shape. On the flip, disorganized accounting practices can cause an otherwise excellent business to lose speed and even close their doors. Not only does it hinder cash flow, but it also affects your relationship with the suppliers […]
Five reasons why every small business needs an accountant
Many small business owners think that paying for an accountant is too expensive and won’t benefit their business in any way. Here are five reasons an accountant may save you money – and possibly your business. Help you to be compliant An accountant can tell you what to do to ensure your company pays […]
Scaling up: When are you ready to GROW!
Growth is the goal of most South African business owners. More clients, more revenue, more staff, more impact. But scaling up without the right financial foundation does not produce a bigger, better business. It produces a bigger, more fragile one. Think of a house with a foundation that is not strong enough. Not good! I […]
Bad debt: How to best handle it in your business
It is good business practice to have a policy in place that stipulates how your company deals with bad debts. In case you aren’t aware, a bad debt is when an invoice is not going to be paid by a client or customer. It is a debt to you that has gone bad. Besides hindering […]
Time wasters: Are you victim?
Your time is worth something. Believe it or not, your time has a value to it. BEWARE THE TIME WASTERS! The concern for you is this: Some people more than others have a third hand – their phone. You cannot constantly be “too busy”? Do you get to the end of the day and think […]
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.
Disaster recovery – are you prepared?
What if disaster strikes? What if your Computer crashes? Computer is stolen? Office is broken into? Best selling product stops selling? Business partner leaves or passes away suddenly? Records archives burn down? How do I prepare for such events? Great question! The answer – BACKUPS. The magic number of backups is 3. One with you possibly […]
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, […]
Just one more role to go
All roles in one You own your own business, great! You started in your home and you did everything. Nothing wrong here. You were (and still are) excellent at what you do, so your company grew and continues to grow. One extra person became two, became five etc. These helping hands help you manage to […]