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At Fresh Numbers we like the clients to gain as much knowledge as possible. Hope this helps, if not call us and let us explain. Asset: In financial accounting, assets are economic resources. Anything tangible or intangible that is capable … Continue reading
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At Fresh Numbers we believe the balance sheet is the most important document in your business. It tells you where the business is financially, it’s a full gauge of the health of your business. Keep the balance sheet healthy, keep … Continue reading
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If the profit and loss statement is the only management account you take time to see, then you have no idea where your business is today. At Fresh Numbers we will take you through all the various aspects of management … Continue reading
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If you are seeing your profit and loss statement monthly, then hopefully you will take the opportunity to check the ratios and margins of your gross profit and your costs every month. At Fresh Number accounting we believe this is … Continue reading
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There are three essential ways a profit and loss statement is used Many business owners think that their profit and loss statement ending with the net profit is a way of knowing whether a celebration should take place or not. … Continue reading
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Most businesses print off their profit and loss from their accounting package without understanding what it can do for them. Fresh Number accountants will help you get to understand what you are looking at and take your business forward with … Continue reading
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The accounts at the gross profit level can be set up so that you can measure all your products and services and the returns you make on each of those products and services so that you can make decisions on … Continue reading
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It’s important to get to the cost and the profit of operating each client. Some clients are worth more than others and an accounting system by Fresh Numbers will help you determine who the best clients are and what markets … Continue reading
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Managing and controlling your business expenses, (those after the direct costs of Labour and materials) usually comes down to good routine and regular inspection of those expenses. Creating habits to review your costs, such as vehicle expenses, phone expenses and … Continue reading
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Direct materials cost is the cost of direct materials which can be easily identified with the unit of production. Fresh Numbers can develop systems that makes this control a lot easier. For example, the cost of glass, aluminium and wood … Continue reading
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