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Category Archives: Accounting

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Five Financial Reports for Informed Decision-Making

Accounting, BusinessBy Schutte & VennoteMay 27, 2022

“What gets measured, gets managed.” (Peter Drucker) Financial reports, such as a balance sheet, income statement, cash flow statement, debtors reports and actual spend vs budget reports, provide an understanding of where your business stands financially at a certain point in time. They detail the business’s financial performance over a period and also raise red…

Financial Year End Reporting: Challenges to Manage, Opportunities for Benefit

Accounting, BusinessBy Schutte & VennoteJanuary 27, 2022

“Any remedy is going to depend on having financial statements that are reliable” (Tom Foley) On the last day of February each year, many companies face their end of financial year or “EOFY”.  Whether it’s referred to as the EOFY, Close of the Financial Period, Financial Year End or FYE, or simply ‘Year End’, this…

Accounting Tips for SMMEs in a Rocketing Tax Future

Accounting, TaxBy Schutte & VennoteNovember 27, 2020

“The avoidance of taxes is the only intellectual pursuit that carries any reward”: John Maynard Keynes While there are diverse reasons why SMMEs ultimately fail, financial mismanagement and poor performance are two of the most often-cited explanations. A financial forecast as a tool, allows businesses to plan their finances for the future – with the…

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