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BookkeepingHow to prepare for annual accounts: your unshakeable frenemy
Annual accounts—a business owner’s unshakeable frenemy. No matter the size or type of your enterprise, be it a start-up, a multinational, or a charity—this task waits for you, year in, year out. These accounts are a snapshot of your business’s financial health, a tool for decision-making, and a requirement for tax compliance and stakeholder trust. […]
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The “People” Factor
Two months ago, I attended the Winnow Software Masterclass together with CEOs and senior executives of the companies Winnow is associated with. Winnow is one of our long-standing clients, an investment vehicle for a small group of investors with diverse business backgrounds. I have been reflecting on my learnings from that day and have come […]
Why Xero?
Managing finances efficiently is key to the success of any organisation. With many accounting software options available, it can be challenging to find the right fit. However, Xero has proved to be a powerful, user-friendly solution, revolutionising how businesses handle their finances. Let’s explore Xero’s features, benefits, and why it should be your go-to solution. […]
How do you judge the value of a service contract?
The adage is that the value in all transactions is a trade-off between price, timeliness, and quality. A customer wants cheap, fast, and good. But a supplier who attempts to deliver all three will struggle to sustain their operations and are more likely to fail eventually, and usually in the quality component because that is […]
My two cents: inflation
Inflation is a hot topic at the moment. While cash inflow is stable or decreasing, cash outflow is increasing dramatically – some items have doubled or tripled their price in the last two years! So, what can we do to handle the situation, or at least, survive? I’ve stepped into different shoes to understand people’s […]
What to consider when you are self-employed
Being self-employed has its perks, but let’s be real – it’s not always rainbows and lollipops. As a business owner, you wear multiple hats and have a seemingly endless to-do list. And the financial responsibilities are another story. So as an Accountant, let me delve into some of the things I have learnt that are […]