Finance is like a fuel to run your business. Therefore, bookkeeping is an essential part of running a successful business. Whatever your size of business, you should be routinely receiving data about your numbers and analyse it accurately to understand the flow of money through your business. The financial...
Read moreThe term cash flow refers to the net amount of cash and cash equivalents being transferred in and out of a business. The purpose of a cash flow statement is to provide a detailed picture of what happened to your business’s cash during a specified period, known as the accounting period. It demonstrates...
Read moreOne of the reasons why business fails is a poor cash flow management. Effectively managing cash flow is vital to the running of your business.Even if your company is currently profitable, it is still at risk for negative cash flow as at any time your business can be hit with cash flow problems if finance,...
Read moreBefore starting your business there are many things to consider. Remember, that planning is a core of success. Alan Lakein, well-known author on personal time management, has famously said, “Failing to plan is planning to fail". A business plan helps you to clarify your business idea, to set out your...
Read moreThousands of business owners are looking for alternative sources to raise finance for starting or growing their business.If you’re one of them, in this article you will find main ways to fund your business without a bank loan. 1. Family loan Relatives and loved ones are more likely to trust you with...
Read moreAs a business owner and company director, running a business could be frustrating. For lots of business owners, bookkeeping is a nightmare. Whatever your size of business, you should be routinely receiving data about your numbers and analyse it accurately to understand the flow of money through your...
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