Bankruptcy It’s a dirty word. No one likes to hear it – but hey, it happens. Bankruptcy is the term that is used when referring to an individual who can no longer service their debt covenants (that’s fancy legal talk for any loan or borrowing repayments). Typically when that happens, an individual can declare bankruptcy
Hi there, if you are reading this, you are doing an awesome job. I’m going to take a break today from writing about finance-y stuff and write about mental health and well-being (because mental well-being affects how well you manage your business and finances!). Many of you reading this have suffered from some form of
You are amazing for making it this far! You’ve got a great idea, people are talking about it, heck, you might have even have made some decent sales from it already. Now you’re feeling a bit more confident and must be thinking like: “Yeah, let’s make this official, let’s get my business registered!” YEAH! AWESOME!
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