ABC of Accounting – Opening Entries

We continue with our ABC of Accounting blog. In this blog, as on previous occasions, we will try to explain in a simple way basic accounting concepts that we can find each day in our company. Today is the time to understand what is an Opening Entry. What is the opening entry? The...

Working with foreign currencies

If you happen to raise sales invoices or receive your supplier invoices in a different currency to your base currency then dealing with foreign currencies will be familiar to you. The question arises of how to deal with the exchange rate when the invoice is entered and the exchange rate...

ABC of Accounting – Creating Templates

Create your own templates Today we would like to discuss a very practical issue associated with accounting that can create a better and faster working platform. The creation of work templates.  The more you can simplify and automate your workflow, the faster you can work and the fewer mistakes that...

Financial ratios

Financial and accounting ratios are parameters calculated from the real data of our company that can guide tell us about the economic health or reveal problems that the simple reading of a balance sheet or a P & L may not detect. We do not intend from here to make an...

Good communication with customers is vital

We are bombarded every day with thousands of sales messages. That's why we walk around with blinders, so to speak, so as not to be overstimulated.  As a company, however, it is sometimes difficult to get the correct message to new customers. The most important thing is that you find your market...

Tips for interacting with your coworkers

A good direction in your business, and therefore its success, is largely the ability to create and maintain social relationships, whether they are more ephemeral or more lasting and deeper. In the workplace, anyone should be able to have a conversation with their colleagues and clients, and have a good attitude...

Assets and Liabilities in the company

Accounting really is nothing more than a language we use to define, classify and explain the company in all its fields, both in the day to day and in the long term, from a dynamic and static point of view. And in that language there are many concepts that are often complicated...