Systematic cash flow management is one of the most important prerequisites for the day-to-day operation of a company and the achievement of long-term goals. When cash flows are insufficient, this is immediately reflected in the company’s finances – there are difficulties in paying the invoices of supplies or taxes. The company’s growth is also slowing […]
As the operations of the company expand and sales revenue increases, it is important to monitor how money and profits change over time. Does profit increase linearly with sales revenue? How do costs change at the same time? Tracking your company’s numerical data gives you valuable information on how to grow your business and profits […]
There is no one-size-fits-all reporting. However, there are more common reasons to deal with management reporting. These reasons as well as needs are – how to grow faster, make more profit, control cash flows and manage company more effectively based on numbers. In this article we will focus on the first of them, i.e. we […]
One constant question for entrepreneurs is how much of the profits should be invested in the company and how much could be taken out as dividends or wages. Investing in a company is a prerequisite for developing a company. However, in order to achieve the goals, there must also be a clear plan and strategy […]
How to gain more control over your company’s finances? One way to do this is to look at your monthly costs and look for ways to reduce them. It is good to look at costs in terms of variable costs and fixed costs. It shows where the money is going and whether something could […]
When compiling the annual report, so many companies may be frightened by discovering that equity does not meet the requirements prescribed by law. We can explain in more detail how equity can become negative and what to do in such cases.
Regardless of the field in which your company operates, you generally need to know what the taxation of costs is, i.e. what the state requires you to pay. You could also find out what the state benefits are so that you will not pay more taxes out of ignorance than you actually should. We […]
Regardless of the area in which your company operates, you generally need to know what the state is charging you for. You might also want to know what the benefits are provided by the state so that you do not pay more for ignorance than you really should. We are talking about the taxation of […]
The share of e-commerce is growing steadily – it is estimated that 95% of purchases will be made online by 2040. According to Statistics Estonia, 75% of Internet users have bought or ordered products and services from the Internet in the last 12 months (compared to 68% last year). Thus, it can be said that […]
Nowadays, when data entry can be increasingly automated, the accountant’s choice of how well he or she can interpret numbers, is becoming more and more decisive. While starting a business, first-hand personal advice and assurance that the accounting will be in order, is required. As your business grows you will gradually add management reporting and […]