If you have employees you know how time-consuming payroll can be. Payroll fraud on the other hand can make your life a living hell. Here is what I mean are your employees taking advantage of you are getting a little extras of your money in their pockets? To determine if there is a problem within […]
A balance sheet summarises the financial position of your business at a point in time, by providing a snapshot of how much you own and how much you owe. There are three key sections to a balance sheet: Assets: Items the business have that are of benefit to the business. Current assets are usually cash […]
Last week we looked at budgets and how they can make it easier to see where a business is heading. This week we will look at the cash flow statement. As the title suggests we follow the physical receiving and paying of cash in and out of the business. In an ideal world you have […]
So I guess you have heard of most of these reports in business however what they are what they tell you and how they work together is a mystery for most people. This week we are going to focus on Budgets. A budget is an ‘educated guess’ of your income and expenses throughout a period […]