Key Steps to a Successful end of year stocktake
If your business carries inventory as part of its trading operations, it is important to periodically count the actual stock on hand to confirm you are making the gross profit margin you expect. This count may be quarterly, half-yearly, or rotating. Importantly, plan an end of financial year stocktake to ensure your records are accurate […]
Employee Entitlements
As you prepare your business for the end of the year it is time to quantify and recognise the amounts you owe to your employees for untaken leave entitlements. Your financial position is more than just the money you have in the bank and the bills you have to pay. As a business, you also […]
Where is your profit really coming from?
Have you ever taken the time to look at the profit of your business and where it is actually coming from? It is important to look at the products or services that your business is providing and see exactly where the profits are coming from for those items. Each product or service has a unique […]
Are you making a proper return on the funds you have invested in Inventory?
When a business sells a product, one of the first things that need to be considered is the price they are going to sell the product for. It needs to be a price that brings in an acceptable profit. It is important that you take the time to do the proper calculations and determine whether […]
