The ongoing quest of “How to increase sales” is never ending since mankind first began peddling his or her products or services. To realize this goal to increase sales must include the sales skill of fact finding or in simpler terms – research. Advertising legend David Ogilvy once said: Advertising people who ignore research are [...]
For many people, an accountant is something that they feel they only need once a year when they are doing their taxes, if then – but the truth of the matter is that a chartered accountant is an individual who can help you out in a great many financial areas. Whether you are looking on [...]
Choosing the right accountant for your business can be one of the most difficult tasks you need to complete when starting a small business. It can also be the most rewarding decisions that you can make for your financial future. There are many accountants out there it is just a matter of following the right [...]
Consider accounting has having four elements. They are external reporting (Income statement, balance sheet and Cash flow statements), Tax reporting (information required for filing of tax returns), Internal control systems and procedures and lastly Management accounting. This may also be called operational reporting. It provides information needed by business managers in their day-to-day decision making,
Jonathon has the annoying tendency to bring the entire office to a screeching halt every time something happens that he doesn’t know how to handle…which appears to be virtually everything.You, stellar manager that you are, can troubleshoot most problems without breaking a sweat. So you jump in, tell him what to do and how to [...]
The Performa of analytical cash receipts and cash payments books relating to the insurance business appears in this page. Any business can modify suitably the proforma depending upon its own requirements.Petty Cash BookEvery business has to make payments involving smaller or petty amount, e.g.. carriage, cartage, cooly hire, postage telegrams etc. Such payments, by their [...]
80% of small businesses utilize QuickBooks to handle their accounting needs. This includes accounts payable, accounts receivables, time tracking, vendor databases and client databases. QuickBooks is a revolutionary program that has one big flaw; it does not allow for native importing of other systems data. Most business and their accounting firms have
Most of the businesses these days borrow money either in short terms or long terms basis. The majority of cash flow statements illustrate the increase and decrease of the earnings of the short term debt only. It does not report the total amount that are either borrowed or paid. On the other hand, when illustrating [...]
The businesses that keep growing have had to imbibe new ways of working. Perhaps the most important is their attitude to numbers. Numbers must be well managed i.e. the financial positions are reviewed every fortnight/monthly with up-to-date cash flow statements, income/expenditure analysis and analysis of debtors/creditors etc. You must have a good finance support person. This
Consulting is one of those jobs which actually do not require immense commitments and knowledge. It is one of those businesses that need your expertise and knowledge about information. Consulting actually is a stress free consultancy which involves you advising your neighborhood or your friends, family or town about various issues, practices and processes. The [...]
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