Cash is King. This is an unchallenged fact. Out of all the assets you have in your business, cash is arguably the most important one. I just came back from a Xero roadshow over here in Hamilton on 22 October 2019 and there were some interesting numbers thrown about. My #onething that I took away
Interest rates! We all have heard of them and surely we all know what they are! Ok, so quickly, lemme pose a question to you: What are interest rates? “Interest rates are return on investments and they compound!” – All you investor types are shouting “Interest rates are what banks charge you when you borrow
Hi accounting fans! No updates this week because I am down with acute gastritis Basically I ate some bad stuff last week and now my stomach has decided to take revenge on me by producing a butt-ton of acid and basically eat me from inside. So yeah, soz team, all I can do is leave
What if I told you that money decreases in value over time? Yup, you read me right (you can read that line again if you want to) – money decreases in value over time. This is what we call in accounting-ese the ‘Time Value of Money’. There are many Big Economic™ reasons why money decreases