financialmanagement | HM Accounting

What is a Profit and Loss Statement and why do I need it?

A profit & loss statement (P&L aka income statement) is a financial report that shows your total income, total expenses and net income...

How to keep track of small business financial transactions

As a small business owner, it’s easy to become overwhelmed by the sheer volume of financial data you must track and store. Every...

Stocktakes: Why You should do them.

For any product-based business knowing what stock they do (or don't) have is crucial to being able to complete your customer orders and...

Do you know your key numbers?

Do you know what the key numbers are in your business? The ones that you should be keeping an eye on and tracking on a monthly basis?...

Discounting

As we head into Q4 and the season of promotions (Black Friday, Cyber Monday, Christmas deals etc) do you understand the impact that...

Planning ahead

With November approaching, we are making our way into the last financial quarter of the year. Thats said its time to start thinking about...

Business Set Up - The Sole Proprietor

The golden oldie of business set-ups. In this post, we take you through the most important elements of setting up as a sole proprietor in...