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  • Improve your company's liquidity using these six methods!
  • There are several ways you can improve your liquidity and today we selected one of the most common means regarding this procedure. Read on to discover what it is. Here are the six ways to improve your liquidity: 1. Review your stock options and save Assess stock turnover rate and ask yourself the following questions: • Are you holding onto your stock too long? • Are you stocki... ››› more
  • [15 April 2015]
  • Unauthorised changes to accounting information: What should you do?
  • When protecting your accounting information, you need to be reminded of a major risk: Unauthorised changes to accounting information. Note that by definition, manipulation of accounting information means that an individual makes unauthorised changes to the information. This can happen whether due to error, due to ill-intent. For example, an employee accidentally passes incorrect accounting tran... ››› more
  • [14 April 2015]
  • How to do a cost analysis in six easy steps!
  • Cost analysis is very important for your business and it is a procedure you will need to set up at various levels of business development. Whenever you want to invest more in your business, you need to make a cost analysis. If you want to expand your business, open a new unit, test a new market, you'll need a cost analysis. If you want a loan from the bank, you'll need a cost analysis. An... ››› more
  • [13 April 2015]
  • If you want to become financially independent, read this now!
  • Are you thinking about taking the plunge and starting a business? Or do you want your business to become financially independent? You need a good financial plan to support your business strategy. With it, you can focus on reaching your strategic goals and make accurate decisions in all areas of your business. Read on to discover how to do it correctly and become financially independent... ››› more
  • [13 April 2015]
  • Dealing with Business Financial Planning: Tips and useful ideas
  • When dealing with financial planning, you might encounter some issues that you may feel like postponing or overlooking. But year to year and month to month, these aspects in your financial segment will influence the next two, three, four years , of your business! And that's why today we're showing you why you should give financial planning the importance it deserves! Why is financial plannin... ››› more
  • [09 April 2015]
  • Protect your financial records. How to deal with unauthorised access and manipulation
  • When it comes to protecting your accounting records, the risks you may encounter are found in different areas, from unauthorised access, manipulation of financial information (i.e. when someone makes unauthorised changes to the information in the accounting records) to loss of financial information. You need to protect your financial records protected against these risks! And today we're going t... ››› more
  • [09 April 2015]
  • The essential facts you need to know about your company's Sales Expense budget
  • As a business owner, you need to make sure you understand the importance of a Sales Expense budget. Here's why... If you don't understand what costs will escalate with increased sales, you'll lose control of company spending. But what exactly is a Sales Expense budget? Sales expenses are those expenses directly related to selling a product. As a result, your Sales Expense budget lists the t... ››› more
  • [08 April 2015]
  • Three manufacturing overhead costs you must include in your company budget: How it's done
  • If your company is a manufacturer, your budget will include various elements that you won't find in a regular budget. And this includes overhead costs. These costs are tricky to account for, so here's what you should know about them... How to account for manufacturing costs in your compay budget Since manufacturing costs are indirect costs, you can't match them directly to specific jobs or... ››› more
  • [08 April 2015]
  • Need help? Follow these five tips to apply for business rescue!
  • You know that you need to follow a procedure when applying for business rescue. But do you know what steps you need to take to to follow the entire process correctly? Read on to discover the answer Here's how to apply for business rescue in five easy steps Step # 1: As the board of directors, pass a resolution stating that you want to start business rescue procedures. If you have a busine... ››› more
  • [07 April 2015]
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