ABC of Accounting – Depreciation Methods

In the weeks ABC of accounting we discuss the merits of the different types of depreciation. Each company has assets, items purchased for a with a life span of more than one year. This includes not only machines in manufacturing companies, but also office equipment, computers or laptops.   Depreciation reflects the depreciation of the assets...

Start-ups play an important role in the job market

Young companies are starting to call for change, choosing green and focusing on sustainability is even more in the forefront of a lot of start-ups today. Considering your carbon footprint is on everyone's mind but putting this into practice in your business and work environment can produce a lot more questions...

Thinking about retiring & Pension plans?

Who has never considered how they will live and more importantly to what standard once they retire? Retirement is a situation many of us at a certain stage in our life consider and this poses a lot of questions, what will my level of income be once I retire ? and can I...

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...