Accounting: Making Sure 2 + 2 = 4
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Do You Have Sufficient Working Capital In Your Business?
The more complicated your business becomes, the more you need to keep an eye on crucial metrics and overall performance. You may need to understand the meaning of "working capital" as this can mean the difference between trading comfortably or technical insolvency. So, how do you define working capital, and what can you do to ensure that you're on the right side of this particular metric? Giving Your Business Some Breathing Room
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What is a business management accountant?
Accountants are traditionally thought of in one of two roles within a business or company. One is the in-house preparation of accounts, including bookkeeping and other financial reporting, and the other role is that of an external auditor checking the company's accounts to make sure they are true and accurate. Over time, accountants have become much more involved in the financial running of most businesses, and nowadays play a crucial role in all of the major decisions that a company or business will make.
Hello. When you are at school, maths can seem so complicated at first. But then you learn about numbers and all of sudden everything seems as easy as 2 + 2 = 4. I used to be pretty good at maths so when I started my own business, I didn't think I needed to hire an accountant. After all, why should I pay someone else to do something that I could do myself? However, I very quickly learnt two important lessons. Lesson one was that accounting and doing the books will take a lot longer than you might think and, secondly, it is actually pretty complex stuff. In the end, I decided to hire a professional accountant. He is great and he has taught me a lot of cool stuff.
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Deciding if Self-Managed Super Funds are Right for Your Business 15 January 2024
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Do You Have Sufficient Working Capital In Your Business? 14 November 2022
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What is a business management accountant? 6 May 2022