Financial Management & Reporting
If you're not so clued up about the accounting and financial side of your business, you may not realise how an in-depth financial analysis can benefit your company. Learn how to get the most out of your financial information.
Auditing and SMEs has always been a debatable and contentious issue.
While the bookkeeping and financial admin side of your business can be daunting, understanding a few basic concepts will help you understand the basics.
Your current ratio, a comparison of current assets to current liabilities, is of particular importance to you if you're thinking of borrowing money or getting credit from one of your suppliers. Potential creditors also use this ratio to measure a business or entrepreneur's liquidity or ability to pay off short-term debts. Bankrate has created and provided a free, online calculator which you can use to calculate your current ratio at any given time.
In order to comply with VAT regulations, for any sale of more than R50, you have to issue a tax invoice, with the word "tax invoice" printed on it.
Does the small business owner need to understand his business's financials?
“Who here loves the VAT man?” That is a question that I ask on a regular basis. Sadly though, more often than not, mine is the
I’m really getting to the point where I am beginning to feel like I am ‘sounding like a broken record’!
I know that I continually harp on about getting the right bookkeeper/accountant in place – the reason for this is that having