The Income Statement
The income statement is a vital report tat every business owner should use and understand. This short video explains it with an example to make it clearer. This will enhance your knowledge of what they are and … Read the rest
The income statement is a vital report tat every business owner should use and understand. This short video explains it with an example to make it clearer. This will enhance your knowledge of what they are and … Read the rest
August 2022 marked the seventh birthday of BC Accounting Services, so to honour this, I have put together seven lessons, to mark one business lesson learned for each year.
Business Lesson One: Just start.
I had no idea what I … Read the rest
Finance and accounting is a primary business function. There are common areas when a mistake is made. Accounting is an area that most businesses manage with the necessary care following the generally accepted accounting principles. The accountants or the person … Read the rest
Consider the following scenario:
Your business is running okay. Some months are not so good and some are better. You now wish to expand the operation and need some finance to do so. When you ask the accountants (or … Read the rest
Everybody loves meeting someone or many people for a drink. Possibly the most common is a cup of your favourite brew. This is a legitimate reason to do business and network with important connections, but it … Read the rest
The answer to this question is No. There is a general idea that there is only one type of accountant and that they can all do everything. This could not be further … Read the rest
So many times I am out at a restaurant, store, or outing and someone in my family or group of friends says “You’re the accountant, how much is this?” and wants me to calculate something in my head. I am … Read the rest
If you say tax man (SARS (South African Revenue Services) to South Africa) to anyone, they will shudder in fear which, in a lot of cases is unfounded. There are various reasons for this fear:
We all know different industries have different needs and are tailored to that industry. What about accounting solutions? There are accounting solutions that are tailored to particular industries. These industry-specific accounting solutions are designed to address the unique needs, regulations, … Read the rest
They are also called non-current assets or fixed assets. Fixed assets are the “big things” in your company that you use to make or sell your service or products. Technically they are items that will … Read the rest
BC Accounting services takes no responsibility for the accuracy of any information on this website.
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