Change of Business Structure: Sole Trader to Company
Changing your business structure from a sole trader to a company is a fairly common occurence. Most newbie business owners do not wish to incur the higher costs of setting
Category: Virtual CFO
Common Bookkeeping Mistakes That Can Cause the Downfall of Your Business
Running a new business is exciting, challenging and fulfilling. It can also be stressful especially when you are juggling many balls in the air all at once, being everything to
What is a Break-Even Point?
A break-even point is the point in which total cost and total revenue are equal, ie. zero profit. If total cost dips below this point, there will be a profit.
3 Financial Management Tips for a Not-For-Profit Organisation
Running a charity or not-for-profit organisation requires more than just the best of intentions. Without responsible financial management, things can go awry in no time. It is also important to
3 Steps to Avert a Cash Flow Crisis
The vast majority of businesses fail not as a result of lack of profitability but more so due to cash flow problems. Cash flow issues arise due to outflows of
Cash and Accrual Accounting in Layman Terms
Occasionally, Glint Accountants receive calls from concerned business owners who request for an explanation of what cash and accrual accounting means. This usually occurs when their business needs to be
Budgeting for Your Business
First things first, what is a budget? A budget is your planned income and spending for a period of time (eg. a month, a quarter, or a financial year) which
How to Recession-Proof Your Business
Let’s face it. We all started out the year with high hopes for another good year in business. Hopes were quickly dashed at the end of January 2020 when initial
Flow-On Effect of Cutting Business Expenses
One question virtual CFO’s are often asked is: How may I improve the profit? What’s obvious to most clients is to increase revenue. That is one side of the equation