Cashflow management

Cashflow management

Cashflow management is necessary for any business. Depending on the industry in which you operate, the cash conversion cycle (time it takes for the cash to come back to you once used for inventory) may be shorter or longer meaning appropriate planning is needed for...
Cloud Accounting – Save Time and Money

Cloud Accounting – Save Time and Money

Cloud accounting enables businesses to manage their book keeping online, through the use of software which stores data and records through the internet. The benefits of cloud accounting include saving time and money, enabling the business to be run from anywhere at...
ABC vs Traditional costing methods

ABC vs Traditional costing methods

Costing issues are often incorrectly misconstrued as merely an issue of the manufacturing industry, whereas they also concern others. The most popular method of costing is the Traditional Costing method due to its simplicity. However due to the current ever-evolving...
Extraction of Funds – Dividend vs Salary

Extraction of Funds – Dividend vs Salary

If you are establishing a new business or you are already a director and owner of a new company, it is vital to consider tax implications and the most effective methods of extracting funds from your business. You must also consider which trading formats are available...