Understanding cash flow is critical to business success. Cash is the fuel that drives a business, and running out of it will inevitably cause difficulties in continuing business operations. Without sufficient cash flow, you won’t be able to pay employees, meet your financial obligations, and take or create opportunities to grow your business. The […]
Category Archives: Finance & Accounting
Cash is king! Cash is the lifeline of any businesses without it the business will fail. Given that most businesses which startup actually fail predominantly due to the shortage of cash, this becomes an essential topic for business people to master. All professionals that have a role to maintain a healthy financial position of […]
A financial plan is a plan you set to make sure you achieve your financial goals for the year. In this article, we will take you through a step by step process to improve your financial literacy. You will know how to implement good financial skills by learning about different kinds of income sources and […]
Did you know that setting a plan as a guideline to know how your money should be managed, builds up your wealth? Well, Yes! A financial plan is a plan you set to make sure you achieve your financial goals for the year. Learning how to follow your plan, improves your financial situation. […]
The end of year or start of a new year is a great time to do budgeting. Did you start working on your 2018 budget? We already know why a financial plan is needed but today you will learn how to create your budget. Some people use the word budgeting when talking about creating […]
Do you struggle to get paid quickly? It’s a challenge for every business. There are many stories of profitable businesses that went bust because they had cash flow issues. Since they weren’t getting paid quickly, their expenses and payments to their suppliers would outpace the cash coming in from their customers. Many entrepreneurs and […]
Audits are official inspections of an organization’s accounts, typically conducted by an independent body. Many large organizations also have their own Internal Audit departments. Audits are conducted to confirm that an organization is operating within the guidelines set by Accounting bodies. Audits are also conducted to ascertain that the financial results are presented fairly […]