Ok, enough talk about economic doom and gloom. Today we are going back to this Blog’s roots (Accounting – in case you couldn’t guess it from the title) and talk about the very foundation of all modern accounting practices: Debits and Credits! Remember how your business is made up of Assets, Liabilities and Equity? Remember
Alright, let’s get right back into it. So last week we discussed what a recession is. This week we will look at how we can best prepare for a recession. I use the term ‘prepare for a recession’ very loosely because a recession isn’t a sudden event, like an earthquake or a fire. Instead, It’s
If you have been reading the news or flicking through social media as most people do these days, you would have heard about this ‘oncoming global recession’ business. A recession makes for great news because it’s a big complicated word with scary undertones which we don’t exactly understand. This week’s article will briefly discuss what
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