I’m sure you’ve heard of FAQs–Frequently Asked Questions. They’re a feature of almost every website about a product or service and they’re an easy way to get out of having to repeat the same information over and over again. But have you heard of an IFAQ–Infrequently Asked Questions? Probably not, because I just made it [...]
Category Archives: Book-keeping
Go, go, go, go–stop!
Is there anyone more dedicated to multi-tasking than an entrepreneur?
It’s what we have to do–check our email, Twitter, LinkedIn, catch that newcast and that podcast, and maintain the company blog and vlog and have a peek at that YouTube video everybody’s talking about, and check to make sure our Android hasn’t just called our Blackberry.
Sure [...]
When can a limitation be your friend?
We’ve all heard that necessity is the mother of invention, meaning that limitations can lead to a breakthrough.
In practice usually we think of necessity and limitations as a pain in the behind.
However, reality often bears out the cliche, as in the case of one of the members of the Monty Python group, Terry Gilliam.
In his [...]
The simplest time management system in the world
There are lots of great time management systems out there that you can use. Some of them, unfortunately, take a lot of time.
Kind of a paradox, isn’t it?
That’s why I suggest what I call the simplest time management system in the world. It has four steps:
1. Make a list of everything you need to do.
2. [...]
Your secret productivity weapon: the humble checklist
Every entrepreneur has the challenge of getting everything done in the time available. There are lots of productivity tools available but many of them, especially some of the software programs, have a steep learning curve. If your time is already tight, where will you find the time to learn them?
It’s better to start with some [...]
Registering for taxes–a quick guide
From Martin Quinn, Book-Keeping and Accounts for Entrepreneurs: Once you have set up your business you will have to register for the collection and payment of various taxes. Here’s a very quick guide on what you need to watch out for.
Income taxes
If your business operates as sole trader or partnership you will have to register [...]
Keeping track of the small stuff–petty cash
From Maritn Quinn, Book-keeping and Accounts for Entrepreneurs: Small expenses are common in all businesses. This does not mean that recording them is any less important. The following, while involving a very small cash expense initially, is a great example of the need to keep good accounting records. I can’t name the business, but the [...]
How to buy accounting software
From Martin Quinn, Book-keeping and Accounts for Entrepreneurs: You have just set up your first business venture. You don’t have enough money to pay an accountant to do all your bookkeeping. You do want to start off on the right foot by keeping good accounting records and decide to do the bookkeeping yourself using some [...]
Tax tips
From Martin Quinn, Book-keeping and Accounts for Entrepreneurs: Setting up a business for the first time is an exciting and a somewhat daunting experience! Tax will always be a key element of any business and it’s good to get your tax affairs in order from the get-go. Ensuring you are on top of your tax [...]
A good business plan needs to address finances, too
From Martin Quinn, Book-Keeping and Accounts for Entrepreneurs: A good business plan is something like a map in that it should help you to navigate to where you want to go. It is a necessity not just for you but also for potential investors or banks that may finance your business. A good business plan [...]