It may not get your pulse racing, but financial forecasting, done well, can play a big part in the success of your business. For one thing, it can point the way to good long-term strategic decision making. And secondly, it can help you attract investors and convince...
The costs associated with processing data can really rain down on small to medium size business. Even though you may process just a fraction of the data of that managed by a multi-national, the proportionate cost, in terms of manpower, technology and time can be...
In the 15th century, an Italian mathematician invented the idea of a trial balance to check that accounting systems were correctly in place. We’ve been using this system in the five centuries since. It’s a reliable measure that your accounts are in good order but...
Moving to a completely paperless office might be a pipe dream but moving to digital away from paper forms is certainly the way to go. No one likes forms – whether they are sales invoices, purchase orders or reports. Forms get lost, damaged or incorrectly filled in....
We’re not all good with numbers. Some of us are ‘ideas’ or ‘people’ people. And, of course, all businesses need these types – individuals with vision and persuasive skills are as vital to success as the bean counters. Sooner or later, however, the profitability of...
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