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Cash is King !!!

Cash is King!! #theaccountant #cashflowmanagement #Businessinsights for many businesses cash flow forecasting is a complex and meaningless, in my opinion, it is mainly because; Not considered important –simply because the benefits are …

get paid faster

Get Paid faster!! Getting paid timely is vital for keeping cash flow healthy for any business, following simple steps can get you there. Payment terms; communication is key here clearly …

Bookkeeping Basics Small Business Owners

Bookkeeping Basics Small Business Owners Bookkeeping – On average, small business owners spend 10 hours each week recording, organizing, and processing financial transactions – everything from accounts receivable and payable, …

5 Common Bookkeeping and Accounting Pitfalls — and How to Avoid Them

Although most entrepreneurs recognize the importance of careful financial management, few want to spend their time dealing with numbers. Unfortunately, not keeping a close eye on your income and expenses …

Do you know your break-even point?

All business owners need to be aware of their break-even point — that is, the number of units they need to sell in order to cover their operating costs. Once …

Why Bookkeeping is Crucial to Your Success

Keeping track of sales, earnings, expenses, and purchases is fundamental to the overall health and sustainability of your business. Effective bookkeeping produces the data you need to evaluate your current …

Three ways to speed up invoicing

#tax consultant # Accountant # VAT Everyone likes making money, especially small business owners. Invoicing, however, is typically one of the tasks that small business owners like the least. Chores …

The ins and outs of employee performance reviews

When you run a small business, you’re involved in your company’s sales, accounting, marketing, and human resources, among other things. Being responsible for human resources isn’t just about hiring and …

Creating a financial plan

Depending on the current state of your finances, financial freedom might seem a long way away. For many people, financial freedom—when you don’t have to worry about how to pay …

Get paid first – why your salary should be your business’s first monthly expense

It’s the line item most often left out of a small company’s budget: the business owner’s salary. Let’s face it: you can always spend cash on your business. From office …

4 questions you should ask your accountant

Ideally, you and your accountant are more than just “adviser” and “client”. With your combined skills, expertise, and shared mission to support a thriving business, you’re more like strategic partners. …

How to set payment terms if you’re a freelancer or contractor

Following up on late or non-paying customers is no freelancer’s favorite task. Which is precisely why you need to set payment terms up front – and in writing – before …

VAT – Registration Requirments

VAT – Registration Requirments Company Trade/Commercial license Memorandum of association (MOA) Share certificate (free zones companies) Owner’s/ partners’ passport (s) copy – with visa (if applicable) Owner’s/ partners’ emirates id …

10 Money-Saving Tips for Freelancers

While working at home as a freelancer sounds like the ultimate dream for anyone who tires of the rat race, freelancers still have more than their fair share of financial …

VAT Administration – A Step by Step Guide

Businesses are required to do following to comply with comply with VAT Legislation Change the Invoicing template to include necessary details required by VAT law. Implement VAT Enabled accounting system …

How to create good habits in business

If you’re like most small business owners, there are never enough hours in the day to complete every task on your list. Often you’re faced with prioritizing what you need …

Tips for keeping your business data secure

It’s no secret that data loss can be a costly nightmare for a small business, with recent estimates citing the total cost of data breaches exceeding $2.1 trillion by 2019. …

Ways to keep customer data secure

Cyber crime is a serious concern for business owners. Recently IBM Chair, CEO, and President, Ginni Rometty, called it “the greatest threat to every company in the world”. According to …

What to Look For In A Payment Management System

Quick and efficient payment options benefit both small business owners and their customers. Consumers are used to flexibility – cash, check or charge? – when buying from large retailers. If …

The importance of documenting processes and systems

Many entrepreneurs operate with their business processes and systems in their heads. They know what they need to do each day and the way they want to get things done. …