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2019 is here and with January coming to an end, it is the last moment to plan your finances for the year. Review the company’s existing financial situation to determine where your business requires improvements for the running year and many years to come. If you don’t have a plan yet, take a look at 3 of our suggestions, however, if you do, read through the list and tick, if you’ve covered them all.
Sage Business Cloud Accounting, previously known as Sage One Accounting, has released the new mobile application. The cloud based accounting system, which is a perfect solution for any small business in Malta, has improved its application for an even easier use. It is free to use and compliments the accounting system for a smoother experience. The new mobile App is currently available on Apple’s App Store as well as Google Play store.
Most of us have someone close with a dream of their own company and Malta is an attractive location for it. According to “The Startup”, 90% of the new companies fail and the question is- why? While the main reason is that many don’t do the research to see, if there would be an actual demand for their product or service, often the entrepreneur doesn’t even reach the first trimester and runs out of cash. Follow this ABC to see, if your accounting is ready to grow with your dreams.
There are many things, which help a business run smoothly, and one of them is managing a steady cash flow. With the business growing, the environment is changing and one question you have to ask yourself is: Would my accounting system grow with me? Choosing an appropriate accounting system can be crucial for a business of any size. A simple account management for a small business can save 40 hours a month and the number goes up with bigger businesses. Ask yourself these 3 questions to see, if your accounting system is fulfilling the needs of your business.