Do not like to think about money? It seems like everyone around is cleverly managing their money, everyone but yourself? The truth is that money is a tool, and we decide where and how we apply it. Let’s try to use these 10 steps in order to make a long-term peace between us and money:
1. We clearly define our financial capabilities. The longer we ignore our finances, the more frightening and confusing things will become. We will make a list of all our annual income and expenses and carefully look at where we are now.
2. We control our debts. Given the circumstances of life, it is better to be without debt than with them, and the point here is not even the money itself. Uncontrolled debt can turn into an expanding black hole that will eagerly absorb everything. Continue reading
What are the principles of the organization’s accounting? How to properly build her work? Probably, any aspiring businessman who decided to open his own company, but who did not have a special accounting education, would ask himself such questions. There are more than enough theories on this subject: the number of legislative acts relating to this or that extent of this issue can confuse even the most advanced financial specialist. Let’s try to understand the basic concepts that a newly registered company is faced with in practice.
Organization of accounting is the task of the leader. He must determine which of the employees will perform the functions of chief accountant. It may be the CEO himself. In the absence of a suitable employee, it is possible to conclude a contract for accounting and reporting with a company specializing in this matter. Continue reading