The term "Cash is King" rings true and is crucial for the survival of any business. Statistics have shown that 80% of businesses fail in their first three years due to a lack of support. Poor cash flow management is at the top of the list of issues that require support. Find out why businesses struggle with cash flow and learn practical solutions in overcoming cash flow problems in your business. Read More
One of the main challenges for early-stage businesses in South Africa is access to funding. This is not a result of a lack of available finance but rather due to a range of issues. An important component to successfully financing your business’s growth is identifying what strategy is the most suitable for both you as the owner and for your business. In this blog post, we explore the various types of funding available including their advantages and disadvantages.
Find out how the Creative CFO Systems Team successfully executed a systems implementation for The Tile House, and how they helped them move from a centralised and bureaucratic ERP to an integrated cloud-based inventory management and accounting system. Read More
The 3rd Method - Manual Manufacture at the time of Assembly (finished goods represented in inventory) Read More
The 2nd Method - The Monthly Manufacturing Process (no finished goods are represented in inventory) Read More
There are 3 main options to do manufacturing in Xero. In this post, we will be discussing the 1st Method - The Monthly Stocktake Adjustment. Read More
This has been a month of new learnings and research for the Creative CFO systems team as we continue to explore various pieces of software to meet the needs of clients as well as our own. Follow us as we take you on a fixed asset walkthrough, harnessing all that DEAR has to offer and some scheduling software used by the likes of Amazon and MacDonald's - home to the famous Big Mac. Read More
April has been a busy month so far, with the new South African VAT rate now in full swing. Here is a summary of what we expected, what actually happened and any systems changes that may still be required.
What is of importance in determining whether it is capital or revenue in nature is the intention of the taxpayer when obtaining, keeping and at the time of disposing or exchanging the virtual currency. Read More
December was an exciting month in the space of integrations, and the new VEND-YOCO integration is making waves. There is now a high-level integration between VEND POS and the YOCO payment service.