When you’re in business, there are so many matters to deal with that it can get quite overwhelming sometimes.
Transaction speed in businesses is ever increasing. So much is now instant or nearly instant. Payments over the internet - whether by credit card or third party portals - allow almost immediate transfer of funds. Convenience is everything. But is convenience costing you more in the long term?
I found this article just recently that explained the results of some independent research into the knowledge of accounting graduates.
In the last week, I've done a number of presentations to business owners around the Wellington region. And thinking through the sessions afterwards, I realised just how limiting the focus on a business's profit and loss account really is.
Much like vinyl sales, book sales and the return of the Nokia 3310 last November, it seems that using cash for purchases is on the increase.
Tomorrow - 16th May - marks the first National Numeracy Day in the UK.
Eminent financial newspaper, the FT, is reported as quoting that “Britons’ lack of numeracy ‘subtracts £20bn from the economy'.” National Numeracy Day is aiming to improve skills and confidence with numbers.
I'm not a tax accountant but I was very interested to read up on the new provisional tax option for NZ small business, called AIM: Accounting Income Method.
After sitting through three hours of - actually quite interesting - IRD webinars, I was able to determine a number of items that I felt small business owners should be aware of when deciding whether to adopt the new option or not; items that might not be covered by other advice or guidance.
You’re probably familiar with the terms ‘bookkeeping’ and ‘accounting’.
Are you equally as familiar with the terms ‘financial accounting’ and ‘management accounting'?
I suspect not. And you are not alone.
When I was thinking about what to write for this first blog post, I had far too many ideas.
I wanted it to be interesting and informative, but also not to jump headlong into the subject matter.
So it needed to be something introductory, but interesting enough to make you - the reader - want to come back again.
Hmm, what would impress you?
Mathilda Rock is all about handing on over 30 years of financial training and business experience to the next generations of business owners. So let’s start at the beginning.
Find useful info to help you understand more about your business, its accounts and finances.