by david@numbercraft.us | Mar 31, 2024 | GUIDES: Financial Resources
Accounting problems can have serious consequences for your business and are definitely worth avoiding. Here we outline six ways to solve the majority of your accounting issues. 1. Know the difference between profit and cash flow If you’re a new business owner, it can...
by david@numbercraft.us | Mar 23, 2024 | GUIDES: Financial Resources
Wouldn’t you like to be able to reduce your time spent on administrative tasks so you could focus on increasing profits and running your business efficiently? Now might be the right time to contract out bookkeeping and payroll. The pros of outsourcing As your business...
by david@numbercraft.us | Nov 16, 2023 | GUIDES: Financial Resources
An asset ratio compares your assets to another part of your business. So, you could be comparing assets to revenue, profit, the number of employees or their salaries – whichever you wanted to measure. For example, if your assets/salaries ratio increases, you may have...
by david@numbercraft.us | Nov 2, 2023 | GUIDES: Financial Resources
Below are some suggestions for unlocking funds without affecting your operational capacity. Keep in mind that you should always seek professional guidance before making changes to your business if you are unsure of the repercussions or potential issues. Hidden sources...
by david@numbercraft.us | Oct 21, 2023 | GUIDES: Financial Resources
So, you have a great business idea and are convinced you can make it work, but you don’t have much capital to get your business off the ground. Juggling existing financial commitments such as a mortgage or bank loans could put a squeeze on your business plans. A...
by david@numbercraft.us | Oct 14, 2023 | GUIDES: Financial Resources
How can there be a profit if the year’s ended with no cash? It’s quite common for businesses to end the year with little or no cash, only to be told by their accountant that they made a profit and must now pay tax. The reason for this is that tax is decided on the net...
