When it comes to your company’s budgeting, tax planning, and cash flow management, both CapEx (capital expenditure) and OpEx (operating expenditure) play big roles. You’ll want to wrap your head around them to improve your business’s financial health and see exactly...
What is the cost of goods sold? How do you calculate cost of goods sold? Simply, the cost of goods sold (COGS) is a core calculation in the buying and selling of goods by a small business, distributer, wholesaler, or manufacturer and we’ll show you how to calculate...
Firstly, let’s answer the question ‘what is accounting?’ and get on the same page. Accounting is the recording, analysing and summarising of financial information. It’s imperative in helping you understand the financial health of your business and planning your costs...
Many would-be small business owners have a very focused idea of what they want to do. They have a specific passion and a high-resolution vision. Others may not be necessarily so purposeful, and perhaps have many competing talents and more of a raw drive to be one...
I bet you didn’t know that last year over 250 000 people started their own business? Have you ever thought of joining these hundreds of thousands of Aussies? When you consider the reasons for people leaving their job to become their own boss, such as achieving a...
