Category: Financial Management

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Putting the right accounting and business systems in place

Added by 7 years ago

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Good financial management is the key to maximising profitability. And for that you need good accounting and business systems. Recording your financial transactions accurately becomes more of a challenge as you expa...

How to finance your business

Added by 7 years ago

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Use Your Own Funds Using your own funds is the best source of financing for anyone who wants to start a business. Cash is immediately available, there's no interest to pay, and you don't have to offer anyone else e...

The importance of managing your cash flow

Added by 7 years ago

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Cash flow planning is critical to the growth and survival of your business, because if your business does not have the necessary cash on hand when it is needed, it will almost certainly have to close down, no matter h...

Combating online credit card fraud

Added by 7 years ago

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One of the risks for merchants when it comes to selling goods and services online is credit card fraud. Basically, you are almost operating in a vacuum and you have no idea whether your online customers are "trustwort...

How to maintain administrative control of your business

Added by 7 years ago

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Without competent administrative control over your business, the very foundation of your business' operations can be sent into disarray. If you do not keep up-to-date with the business’ cash flow, record keeping and a...

Using budgets and variances to control costs

Added by 7 years ago

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Do you have a budget – and what relationship was there between the previous year's budget predictions and last year's outcome? Drawing up a budget is often the best way of controlling or monitoring costs. You can use ...

How to manage cash flow

Added by 7 years ago

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Even profitable businesses can go broke! The sooner you learn that when you're out of cash, you're out of business, the better your chances for survival will be. You need cash available to pay your bills or loans.If y...

How to manage cash flow

Added by 7 years ago

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Even profitable businesses can go broke! The sooner you learn that when you're out of cash, you're out of business, the better your chances for survival will be. You need cash available to pay your bills or loans.If y...

What are your financing options?

Added by 7 years ago

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At some stage, it becomes necessary for most growing businesses to borrow money to maintain business objectives. The type of loan you take out will depend on your personal circumstances. However, there are several ...