THE IMPORTANCE OF PAYROLL MANAGEMENT FOR SMALL BUSINESS In today’s fast-paced and competitive business world, the importance of payroll management can’t be overstated. A reliable payroll system is more than just issuing paychecks—it’s about ensuring accuracy, building trust, staying compliant with laws, and most importantly, keeping your team satisfied and productive. When your employees are paid fairly and on time,Continue reading “Payroll Tips every small business owner need”
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Business Ethics | What it means to operate your business in an ethical manner
__________________________ Generating an income is always something we concentrate on when we are running our businesses. But that’s not the only thing that makes the business grows. Like an entity, a business flourish because it was afforded the accessories to be able to function. Some of these accessories are soft skills that can be easilyContinue reading “Business Ethics | What it means to operate your business in an ethical manner”
How to create systems in your business so you can focus on the core operational issues
Creating Business Systems Today I’m going to tell you how you can use systems in your business so you can show up to your desk to get work done, have clarity, no stress, navigate easily to meet the deadlines.There are so many layers to being unorganized it can be really hard to know where toContinue reading “How to create systems in your business so you can focus on the core operational issues”
Some – 8 | Often Forgotten Small Business Tax Write-Offs
It is said that when you are a non-finance person, the only bookkeeping / record keeping that you recognize is only capturing the income It is a common perception that bookkeeping primarily involves tracking income, but in reality, it encompasses a comprehensive range of financial activities essential for a complete and accurate picture ofContinue reading “Some – 8 | Often Forgotten Small Business Tax Write-Offs”
How to read and understand your business Balance Sheet
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”
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”
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”
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