We keep hearing about a celebrity’s net worth. But do you know what it is actually? In the simplest terms, it is the value of someone’s assets without his/her liabilities. What a person gains throughout his life, including his/her debts, is calculated to determine the net worth. It affects the brand image of the person, […]
Accounting services Auckland are not restricted to multi-million dollar organizations. From small-scale startups to established family businesses, appointing an accountant constitutes the major area of concern. Furthermore, it is an accountant who keeps a track of the flow of income, expenses, and timely payment of taxes; these all factors support any company to reach its […]
Every profitable company, irrespective of its scale of operations, has some receivable income in the form of dues or outstanding amount payable by clients. If you look at your financial statements it must carry a column titled ‘bad debts’ or pending income amount. Some of it may be recovered, and some may not be or […]
Negligence by anyone, in any situation, can become the cause of an accident. But that doesn’t mean all accidents are caused due to negligence. Some reasons are beyond the control of any ordinary man, while others are intentional or negligence originated. What would you do if a building were to collapse? Weak foundation or corroded […]
Owning and operating a small scale business is certainly not easy. In a view to successfully operate a small scale business, besides expertise, talent, and devotion, you also need to possess some sense and effective strategy for running a business. However, it doesn’t necessarily say that you must have a strong accounting background. For the […]
The major expense for most companies is the payroll and the expenses which are related to the same like compensation and insurance for the employees. Major service providers and staffing companies like information technology, management consulting and others have payroll as a major expense. Invoice factoring is suited for these types of companies in order […]
Financial emergencies can come out of nowhere. Even people with a steady stream of income and good saving habits can find themselves in high amounts of debt. During these times, it is important to stay calm and develop a plan for overcoming the financial barriers. Here are a few steps that can be taken to […]
When investing money, one will have the option of betting on fixed income securities or variable ones. Fixed income securities include instruments like bonds, Individual Savings Accounts (ISA), Certificate of Deposit (CoD), and so on. In contrast, options like equities typically come under variable income securities. Below, we look at four benefits of investing in […]
Financial literacy is an important subject of learning since it is required to maintain and control your financial life. Unless you master in finance or allied studies, the financial literacy is hardly taught in school. So, it is no wonder why so many persons have yet to learn financial literacy. It is not restricted to […]
