Business Processes Category Archive
Separate, Track, Organise and Consult
Small businesses are often faced with one important question: how can finances be managed effectively? Unlike personal finances, there isn’t a single approach that can be applied to all the business entities out there. Well, my advice is Separate, Track, Organise and Consult. Talk to an accounting specialist and they’ll give you some guidance, helping […]
My Strategies to Improve Your Business Cash Flow
Cash flow management is crucial to business success. Without proper management a business does not know what is coming in and out or when. It cannot respond to opportunities or avert crisis promptly. So, I came up with 7 Strategies to Improve Your Business Cash Flow in 7 Days. There are quite a few things […]
When Should Small Businesses Turn to Accountants for Help?
Have you hired an accountant for your small business or do you manage payroll, invoices, taxes and other related operations all by yourself? If you want to optimise your finances and propel your growth, you should hire an accountant NOW. History shows many business owners delay working with professional accountants as much as they can. […]
Accounting Tips for SMEs
How do you manage your small business? Do you find it difficult to do so? Put your accounting in order and a lot of your troubles will cease to exist. Should you go about this on your own or should you seek professional help? If you are just starting out, you may be able to […]
Accounting Trends for Current Times
Have you set up a proper accounting system? And more importantly, do you update your system along with times? Technology has completely changed communication, collaboration, financial management and so many other aspects of running a business. And technology continues to shape the trends in the accounting industry as well. Let’s take a look at the […]
Organise Your Small Business Finances
Small businesses are often faced with one important question: how can finances be managed effectively? Unlike personal finances, there isn’t a single approach that can be applied to all the business entities out there. It all varies from business to business. Talk to an accounting firm and they’ll give you some guidance, helping you establish […]
Get the planning and monitoring right
Knowing what you want to achieve and when you are going to achieve it is critical to business. And this requires planning. What do you need to do? Firstly, identify what activities you will undertake and break these down into revenue earning or cost incurring ( or investment) and determine the time frames for each […]
Have good accounting information
Good accounting information will keep your business on track and will alert you early to any issues and enable you to make appropriate changes. A major factor to consider is the structure of your accounting system and how transaction information is captured. Remember garbage in, results in garbage out. Know what it is you want […]
Link your vision to achievable goals
We always like to dream big but the vision will not become a reality if you don’t have appropriate achievable goals. These goals are the steps required in each area of your business in order to get what you want. You need product and service goals, sales and marketing goals, financial and operational goals as […]
