Remember when the internet was new, and everyone’s guard was up? Many of us were too afraid to give up our first name, never mind our credit card details and personal home address. Fast-forward to today, and nearly everyone is divulging their personal lives online. Efficiency and increased productivity are two reasons why, but the…
A bookkeeper is a person who is responsible for handling. recording and maintaining the financial transactions and affairs for a business. They can be responsible for transactions as simple as entering an expense receipt, up to processing payroll, and preparing financial reports for business owners. Today this work often involves cost-effective software usage. Bookkeepers need…
We often come across clients at vital turning points in their development phase. Business owners find it challenging to manage their business transactions whilst also trying to manage their business. Business owners do not start a business to become a bookkeeper and as it is generally not their area of expertise, it can take them…
No, it’s not when your spouse says mean things about your reverse parking skills… a ‘Critical Driver’ is a critically important factor that determines or causes an increase in value or improvement in your business. Identifying & monitoring key Critical Drivers are crucial to boosting profitability. Allow me to explain: I like to compare Critical…
“ Day-to-day financial management and reporting operations should be streamlined and efficient. ” This seems an obvious thing to say, and there’s no doubt that it would be difficult to find a business owner who disagreed. In our experience, however, the word ‘efficient’ can mean different things to different people. With efficiency at the core…
For small to medium-sized businesses, success is directly related to clarity and consistency in your accounting. Clarity and consistency in this area of your business brings you the confidence you need to make the financial decisions that allow your business to thrive. Easier said than done, you might think. But with the right systems and…
Business owners are all too familiar with fighting financial fires, which often occur because there‘s no robust and efficient framework of systems and procedures for financial management in place. Consider what could happen if you took ‘step 1’ towards implementing robust financial management systems. In other words, stop and take stock: analyse your current position…