Daily Bookkeeping Routine

Let’s do our books right while it’s still early in the year, shall we? As a small business owner / entrepreneur we often focus more on the operations of the business. Though there is nothing wrong with that, we however need to remember the role the figures play in our entities. Knowing our business performanceContinue reading “Daily Bookkeeping Routine”

Running a Professional Business – Invoicing 101

In this new year, may all entrepreneurs and small to medium enterprises commit to run their businesses professionally! Let’s start with the most basic step to compliance i.e data entry Starting a business requires one to have capital or resources. Most of the times we are limited because of the lack thereof. However, that shouldContinue reading “Running a Professional Business – Invoicing 101”

COVID-19 | Lessons Learnt

COVID-19 Lesson Learnt It is no doubt that the current pandemic has been painful to a human kind and a much terrible experience to the world. However there are few things that I have observed thus I refuse to just reject the current situation as a wasted experience. There are really few positive pointers IContinue reading “COVID-19 | Lessons Learnt”

The difference between working with an Entrepreneur and a Business Owner, from an Accountant‘s perspective

As accountants, we work with different types of business owners within various scopes in our practices. The focus today is to tackle the difference between working with an entrepreneur and a business owner from an accountant perspective. Allow me to state the differences hereof: Differences between Entrepreneurs and Business Owners are not vast and thisContinue reading “The difference between working with an Entrepreneur and a Business Owner, from an Accountant‘s perspective”

Basic COMPLIANCE in Business – CIPC & SARS Annual Returns.

Basic COMPLIANCE in Business – CIPC & SARS Annual Returns. What to do after you have a business idea? As we all know, a business starts with an idea. Then you gather equipment and resources such as Capital or Material needed to start trading but before trading we are required to register this business idea.Continue reading “Basic COMPLIANCE in Business – CIPC & SARS Annual Returns.”

I am just a small business; I have just started. How do I pay myself a salary and why is it important to do so?

No business can afford to pay its founder a salary, however you are expected to draw a salary from the business as the owner. This is because you started the business with skills and experience acquired over many years. Starting a business is like pumping oxygen into an inanimate object and bringing it to life.Continue reading “I am just a small business; I have just started. How do I pay myself a salary and why is it important to do so?”

When do you know that the business is doing well?

When do you know that the business is doing well? The blog is meant for both start-ups (fairly new companies) or medium to large enterprises. Most businesses start with a loan. The loan could be the capital which the owner ‘s money was injected into the business to start / funding acquired from various institutions /Continue reading “When do you know that the business is doing well?”

We Lost a Client …

The Heading of this Blog is hurtful, isn’t it? No one enjoys a loss, especially when you are in business and having clients is the driving force behind success. We have heard and know that the role of entrepreneurship is to provide valuable solutions to individuals or organisations. This is same with me when IContinue reading “We Lost a Client …”