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Gross profit and Stock Valuation
Gross profit and stock The income statement shows gross profit as a figure after deducting all the associated costs in producing your product or services from the sales, called gross…
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Bookkeeping Today for small business owners.
Bookkeeping Today for small business owners. The reason for me to write about bookkeeping today is to show small business owners the reliability of accounting packages. It might look expensive…
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VAT workings for charitable organisation
VAT workings for a charitable organization An organization considered to be a charity will have charitable status. A non-profit body does not have charity status. A charity has to be…
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Knowing All About Accounting
Knowing All About Accounting Anyone who worked in an office at some point or another has had to go to accounting. They are the people who pay and send out…
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Should I register for VAT?
Should I register for VAT? The importance of registering for VAT During any 12 months, if your income exceeds the VAT threshold, you must legally register for VAT. Voluntary registration…
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Important financial documents for a small business
Important financial documents for a small business As a small business owner, you need to prepare these documents to ascertain the economic status of your company. In addition, it becomes proof to show your…
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