Finance
Contents
A vast library of practical, easy to read articles on the main issues of business finance.
- Why keep business records?
- Benefits of keeping good records
- Types of records to keep
- Types of Accounting Methods
- Cashbooks
- Record Systems
- Recording Sales
- Recording Expenses
- Tax Invoices
- Petty Cash
- Balancing your Cashbook
- GST & BAS made easier
- Bank reconciliation statement
- Example of a Profit & Loss Statement
- Sales and Income
- Gross Profit on Sales
- Cost of goods sold
- Operating Income
- Operating Expenses inc depreciation
- Net Profit or Loss – “The bottom line”
- Net Earnings (or Loss)
- Retained Earnings
- Assets
- Current assets
- Fixed assets
- Intangible assets
- Liabilities
- Current liabilities
- Non-Current or deferred liabilities
- Proprietorship (Owners equity)
- Retained earnings (Profit reserves)
- Capital Introduced
- Why You Should Analyse a Balance Sheet
- Liquidity
- Current Ratio
- Acid test/Quick ratio
- Working Capital
- Gearing
- Sample Balance Sheet
- Money-flow
- Purchase of stock or materials
- Setting a selling price for products or services
- Mark-up
- Sales -V -Income
- Cost of goods sold.
- Gross trading profit
- Gross profit margin
- Operating expenses
- Net profit or loss
- Distributions
- Break-even Point
- The Risk of selling on credit
- Benefits of selling on credit
- Establishing your credit policy
- Credit alternatives
- Obtaining Credit Checks
- Establish a collection policy
- Debt collection agencies
- Ageing of Accounts Receivable
- 10 Essential Credit Tips
- Case Study on Busines Record-keepting