In today’s rapidly changing business landscape, small businesses face numerous challenges, including financial management. Traditional Chief Financial Officers (CFOs) often come with a hefty price tag that many small businesses cannot afford. However, there is a solution emerging as a game-changer for small businesses: virtual CFOs. Virtual CFOs offer cost-effective and flexible financial expertise, tailored […]

As a business owner, you might find yourself in a situation where you need to access bank finance to help grow your business. However, despite having a seemingly healthy balance sheet, you may find that your bank is unwilling to lend you the money you need. This can be frustrating and confusing, but there are […]

Every successful business understands the importance of managing its financial resources effectively. Among the many tools available to achieve this goal, balance sheet management stands out as one of the most effective. By carefully managing the assets and liabilities of a business, owners and managers can improve their cash flow, reduce financial risk, and create […]

Managing the finances of a small business can be a daunting task. You have to keep track of income, expenses, taxes, and more. Without a proper financial management strategy, you may end up struggling to stay afloat. In this blog post, we’ll share some tips to help you manage your small business finances effectively. Keep […]

Bank reconciliation is an essential accounting process that involves comparing your company’s financial records with your bank statements to ensure that they match. The objective is to identify discrepancies and resolve them to ensure the accuracy of your financial statements. Unfortunately, many businesses struggle with bank reconciliations, and this can lead to financial errors, late […]

There is a common saying that startups in Africa don’t last up to five years, with one of the major reasons being common accounting mistakes. In this article, I’m going to walk you through some of the common mistakes small businesses in South Africa make.   (1) Failing to keep accurate records Small businesses often […]