by Simone | Feb 24, 2021 | Cloud Accounting
INSIGHTS Why should you change your accountant? There may be many reasons for a small business to feel the need to change their accountant. The good news is that changing your accountant is an easier process than you may think. It can be done with little fuss or...
by Simone | Jan 13, 2021 | Cloud Accounting
INSIGHTS Why startups in South Africa fail The current state of South Africa’s economy, combined with the debilitating effects of Covid-19 and the subsequent lockdown, have been the cause of many small businesses’ closure. Research shows that more than 80% of new...
by Simone | Dec 15, 2020 | Cloud Accounting
INSIGHTS Cashflow and your small business At some stage, all businesses will experience cash flow pressures. Small businesses are especially vulnerable to volatile cash flow as credit terms for small businesses are uncommon and commercial financing is not necessarily...
by Simone | Nov 18, 2020 | Cloud Accounting
INSIGHTS FINANCE BASICS FOR YOUR START-UP It is reliably estimated that 50% of all small businesses in South Africa fail within the first 24 months of operation. Research by UWC has revealed that this statistic goes as high as 70-80% within the first 5 years. The...
by Simone | Oct 21, 2020 | Cloud Accounting
CLOUD ACCOUNTING – ONE OF 5 KEY STEPS TO A SUCCESSFUL STARTUP INSIGHTS CLOUD ACCOUNTING – ONE OF 5 KEY STEPS TO A SUCCESSFUL STARTUP Recent statistics reveal that as much as 70% of South African small businesses fail within the first two years of operation. This is a...
by Simone | Sep 29, 2020 | Business, Cloud Accounting
INSIGHTS ARE LATE PAYERS HURTING YOUR BUSINESS? HERE IS A CONSTRUCTIVE SOLUTION… Cash flow issues are often caused by late payers or past due invoices, especially in smaller businesses. The frustration and financial implications caused by late or non-payers is often...
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