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Search result for tag "money"
Continuing from our original discussion “Should I pay myself a wage” The second issue that needs to be addressed is the effect it has on perceived success or failure of the ongoing trading of the operation.  Quite clearly if I don’t pay myself an acceptable wage, my pro ... read more
You see, put simply, your business cash flow is determined by the amount or money you actually receive less the amount of money you actually spend.  Modern businesses run Accounts Receivables, Accounts Payables, hold Stock and buy equipment.  All these things are not readily noticeable ... read more
“Cash is King” ‚Äč Cash flow is generally a misunderstood concept but importantly it is the lifeblood of any business operation.  As the saying goes “Cash is King”, without it your business cannot pay its expenses on time and this can have a “cr ... read more
Are you a Start-up Business Owner or a small to medium scale thriving business?   When you are at an early stage of establishing your business, what you need is a hassle-free bookkeeping system made for small businesses and or individual professionals like you. It should allow you to ... read more
There is often confusion as to what constitutes an expense.  And that confusion is usually a result of the paradigm that Taxation creates.   So as a general rule when we think of expenses we think of what taxation authorities allow us to deduct.  Foremost though, you need to ... read more
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