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4 Best Practices for Managing Your Cashflow featured image
February 17, 2020
2 Minute Read

4 Best Practices for Managing Your Cashflow

Whether you’re a start-up business or a big corporation, you should always put cashflow at the forefront of your focus. Cashfl......
Topic: business costs inventory stock
Improve Your Financial Health with Better Inventory Control featured image
February 5, 2019
3 Minute Read

Improve Your Financial Health with Better Inventor...

There is a positive correlation between the quality of a company’s inventory control and its financial performance. Many finan......
Topic: business costs inventory accounting inventory control inventory cost
The Weighted Average Cost Method of Inventory Valuation featured image
December 17, 2018
3 Minute Read

The Weighted Average Cost Method of Inventory Valu...

The weighted average cost method is one of three approaches of valuing your businesses inventory stock and determines the averag......
Topic: accounting average landed cost business costs inventory accounting inventory cost inventory management inventory stock inventory valuation
Should Your Business Be Using the Weighted Average Cost Method? featured image
December 14, 2018
3 Minute Read

Should Your Business Be Using the Weighted Average...

The weighted average cost method is an accounting method that businesses use to value inventory. This method of valuing inventor......
Topic: average landed cost business costs inventory control inventory management inventory valuation
How Does the Weighted Average Method Work? featured image
December 11, 2018
3 Minute Read

How Does the Weighted Average Method Work?

There are a variety of ways to measure the value of your inventory. If you’re a business owner, you might look at different ta......
Topic: business costs inventory cost inventory stock
5 Essential Business Costs Not to Skimp On featured image
April 3, 2018
3 Minute Read

5 Essential Business Costs Not to Skimp On

If you are a startup owner or entrepreneur, it is no secret that you may be working within a tight budget. The ability to make p......
Topic: business costs business success cost control
Four Hidden Costs that are Easy to Neglect featured image
March 26, 2018
3 Minute Read

Four Hidden Costs that are Easy to Neglect

Kicking goals in business is almost always more expensive than you think. Even with the best planning, there’s always going to......
Topic: business costs online inventory management
Your Debtor Days are Numbered featured image
March 23, 2018
3 Minute Read

Your Debtor Days are Numbered

Debtor days refer to the number of days customers are given to settle their accounts, and the choice on the length of this perio......
Topic: business costs business growth
Shaving Your Costs While Maintaining Quality featured image
March 10, 2018
3 Minute Read

Shaving Your Costs While Maintaining Quality

Cost of Goods Sold (COGS) is the cost associated with the manufacture of your inventory stock, which incorporates both the raw m......
Topic: business costs cost control cost efficiency lean business
6 Ways to Reduce Debtor Days featured image
March 10, 2018
3 Minute Read

6 Ways to Reduce Debtor Days

Debtor days measures how quickly cash is being collected from debtors. The longer it takes for a business to collect, the greate......
Topic: b2b payments business costs cash flow payment terms trade receivables
Cut Costs Without Cutting Corners featured image
March 9, 2018
2 Minute Read

Cut Costs Without Cutting Corners

It is a well-known fact that start-up businesses usually tend to struggle with managing their finances, especially in the beginn......
Topic: business costs cost control small business SME
Tips for a Strong Balance Sheet featured image
March 8, 2018
2 Minute Read

Tips for a Strong Balance Sheet

Businesses with strong balance sheets are more likely to survive economic downturns and be ready to thrive when the going gets g......
Topic: business costs cost of business inventory management
Plummeting Costs and Rising Profits: The Picture for SMEs featured image
March 8, 2018
3 Minute Read

Plummeting Costs and Rising Profits: The Picture f...

Cost-cutting in business goes hand in hand with saving money and turning a higher profit. However, it does not need to be someth......
Topic: business costs cost reduction small business SME
Five Effective Ways to Reduce Cost of Goods Sold featured image
March 7, 2018
2 Minute Read

Five Effective Ways to Reduce Cost of Goods Sold

Cost of goods sold, also known as COGS, is one of the most important elements of your business to understand. COGS can be define......
Topic: business costs cost efficiency cost of goods sold efficient inventory management
Four Tips to Improve Your Business’ Balance Sheet featured image
March 6, 2018
3 Minute Read

Four Tips to Improve Your Business’ Balance Shee...

For many businesses, the income statement is the be all and end all. But if your business is geared for financial performance, i......
Topic: business costs inventory control small business SME
Cutting Costs on Your Cost of Goods featured image
February 26, 2018
2 Minute Read

Cutting Costs on Your Cost of Goods

No matter what good a company is producing, the cost of the materials needed to produce that product directly impact profits. Co......
Topic: business costs cost of goods sold cost reduction ordering costs
Can You Cut These Business Costs for your SME? featured image
February 20, 2018
2 Minute Read

Can You Cut These Business Costs for your SME?

Simple ways to identify which business costs to cut can be done just by looking around. Is your company ordering fresh flowers f......
Topic: business costs cost control cost of business
How Small Businesses Can Cut Costs featured image
February 13, 2018
2 Minute Read

How Small Businesses Can Cut Costs

Small businesses often struggle to manage the costs of running a small business, often operating on a minuscule budget. However,......
Topic: business costs cost reduction small business SME
Strategically Cut Costs for Your Start-Up featured image
February 8, 2018
3 Minute Read

Strategically Cut Costs for Your Start-Up

Being an entrepreneur or starting your own small business can be a risky endeavour. The feelings of stability and security often......
Topic: business costs cost control small business SME
Cutting the Fat: Streamlining Your SME featured image
February 3, 2018
3 Minute Read

Cutting the Fat: Streamlining Your SME

It seems 12 hour days, sleepless nights and no holidays are a rite of passage for a small business owner, however why should thi......
Topic: business costs cost control cost efficiency small business SME
Uncovering the Hidden Costs of Small Businesses featured image
January 29, 2018
3 Minute Read

Uncovering the Hidden Costs of Small Businesses

Setting out to start your own business is ambitious and exciting. With ideas and dreams fuelling motivation, it’s easy to get ......
Topic: business challenges business costs inventory stock small business SME SMEs
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