Accounting Balance Sheet Guide An accounting balance sheet is a financial report providing a quick view of a company’s financial condition. It is a summary of assets, liabilities and equity. Understanding the benefits of this report are an advantage for business owners when making money decisions. This report is important for establishing: – the sourcesContinue reading “How to read and understand your business Balance Sheet”
Tag Archives: #smallbusiness
Things I wish I knew before starting a business
When I started my business back in 2014, I knew in my heart it would be a challenging task. There are so many obstacles to starting a business that no one tells you. There are thousands of courses, business classes, etc. but I believe entrepreneurship isn’t taught, it’s all based on experiences. I was oneContinue reading “Things I wish I knew before starting a business”
Personal Financial Literacy Guide To Finance 101
Have you heard of the term personal financial literacy? It just means knowing how to manage your money. That means you can pay your bills, save money, and have all your financial obligations taken care of. You also learn why to invest and how to invest smartly for your retirement. Now is the time to self-educateContinue reading “Personal Financial Literacy Guide To Finance 101”
Accounting Questions For SMMEs Financial Success
Accounting is essential for any business, regardless of size or industry. It provides companies with the financial information they need to make informed #1: Should Business Owners Have Separate Bank Accounts for Business and Personal Transactions? It’s always best practice to have separate accounts for business and personal transactions, as it helps with tax simplification.Continue reading “Accounting Questions For SMMEs Financial Success”
The use of a petty cash in business and the reconciliation thereof
What is a petty cash?Petty cash is a small fund of actual money kept on hand to pay for minor, day-to-day expenses that are not cost-effective to process through formal channels by using a company card.Common uses include purchasing office supplies, postage, refreshments for meetings, and making small employee reimbursements for things like travel orContinue reading “The use of a petty cash in business and the reconciliation thereof”
Ways to market your business
Let us first explain what is the meaning of this important function in every business called Marketing. Marketing is the comprehensive process of promoting and selling a business’s products or services to a target audience by identifying customer needs, creating solutions, and communicating their value through various strategies. This involves a range of activities, includingContinue reading “Ways to market your business”
How to read Profit and Loss Statement
The accounting side of your business can be a little intimidating and maybe a little scary if you’re unfamiliar with all of the terminology. While it isn’t necessary to go back and earn a degree in accounting, it can be helpful to understand some basic terminology to better understand your businesses’ profitability. Whether you’re aContinue reading “How to read Profit and Loss Statement”
Myth / Misconceptions about Bookkeepers
1. Only big businesses earning lots of money need a bookkeeper Often the businesses who think they can’t afford a bookkeeper yet are exactly the ones who really need one. In the early stages of running your business you may find yourself feeling completely overwhelmed at the breadth of tasks that need to be performed.Continue reading “Myth / Misconceptions about Bookkeepers”
Online Business Ideas for Women
In celebration of women ‘s month I decided to compile this blog in hope of encouraging other women to start building their dreams. Often i hear them talk about their dreams of creating a business but are unsure of where to start. It seems that overwhelm prevents them from even starting! In this article, I’mContinue reading “Online Business Ideas for Women”
Personal Finance to live by – Self help 💰
It is personal tax season in South Africa and I thought that it could be the right time to pen down this blog to assist some provisional tax payers in order to plan better for their next tax season. Though the topic is beneficial for every person who would like to take their personal financeContinue reading “Personal Finance to live by – Self help 💰”
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