by Wayne Merry | Jan 23, 2020 | Business Organization
You are busy running your business. You want to think about that, not manage paperwork. Without looking, you end up drowning in the stuff. Your office is either full of it, or you are paying lots of money to store it. You then find it is hard to find important...
by Wayne Merry | Jan 21, 2020 | Business
What is accrual accounting? Accrual accounting is a recording and reporting system that is based on when relevant events (business activity) occur. Relevant events are those that have economic impact or effect. You always record economic events at the time they...
by Wayne Merry | Nov 23, 2019 | Tax Reporting
Scenario: You are a busy small business owner. Business has been busy. As a result, you have fallen seriously behind on your accounts. You feel the stress! Work has been overwhelming! Your friendly tax authority is talking about fining you, or worse, if you...
by Wayne Merry | Nov 21, 2019 | Supplier payments
Life is often very busy in small business. As a result, you may feel you have no time for anything but the bear essentials. Purchase orders might seem one of these luxuries. On the contrary, they can save you both time and money in managing costs in your business....
by Wayne Merry | Nov 19, 2019 | Supplier payments
Why use cards? Procurement cards or company credit cards are convenient. Cards are widely accepted. They can be linked to phone payment facilities like Apple Pay and Samsung Pay. Wechat Pay is more used than cash going into the 2020’s in China. Cards excel in...
by Wayne Merry | Nov 14, 2019 | Business Organization, Ownership
Business vs Personal Expenses As you operate your business, you will incur costs. Retailers need to buy products. Most businesses need computing technology. You may purchase services, such as internet hosting for your web site. Your business might require professional...
