What can South African SMMEs do to position themselves for success in tough economic times? Arming their people with basic...
In the startup phase of any new business, the profits will usually be quite low. It is therefore important to be wise with every cent in...
Our turnover is great, but our profits are not. How do I calculate if a project is worth it? We excited by the deal, but I...
Start with accounting software and grow from there.
We break down the steps required to adopt the ETI.
Submitting your company tax return for the first time can be daunting. We show you how.
Proceed with caution when giving people access to your bank account.
You should understand the implications of signing an AOD before doing so.
Protect yourself and your business by having a proper contract in place.
Using proper accounting software can save you time and hassle, even in a small business.
Ensure you have enough information about your customer before offering payment terms.
Suppliers can be of assistance, but first establish why you’re having a cash flow problem.
Granting credit can increase the likelihood of you making a sale.
You need to know whether your business can make a profit from the outset.
The shoebox approach to financial records just won’t cut it, you need proper systems, regardless of the size of your business.
Keeping financial records for your business separate from your personal account is one of the most important activities for start-ups.
Keeping track of payments in your company to balance out your finances.
Setting up a printing policy in the office.
Budgeting advice to keep a company open.
Change customer deadlines to meet your own.
When is the right time to get a financial director.