Welcome to the next lesson of the Start-up School! We are delivering some very simple lessons which you’re going to read about, sit down and go ‘uh, yeah, why didn’t I think of that?’ – except for this lesson because this lesson is pretty much about the reason why you’re starting a business in the
We’re going to take a break now from accounting stuff and look at some practical business advice! This one’s for all of you who have just started or are thinking of starting your own business! Starting your own business is a difficult choice to make – but if you’ve made it, hey, good on you.
So we know that assets are good right? Assets are always good! Also, the best thing about assets is that you can use assets to buy more assets! Yay! If this is your first time visiting this blog, I suggest that you go and read about why Assets are Good first before reading this article.
It’s such accrual world we live in OK, accounting pun there in the title – sorry about that! But in this post we are going to review what is known as the accrual concept (which for students of accounting can be a very cruel thing to understand – ba-dum Tsss! The accrual concept essentially states