Profit and loss statement: how much your business earns
Every businessman wants to know his profit and manage it. A tool called the income statement (OPI) helps to calculate it correctly. We tell you what it is, why it…

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Someone turned in a report for you: how scammers use business to their advantage
Some entrepreneurs outsource bookkeeping to professionals to keep records and submit reports. This is a normal situation. But sometimes reports are submitted by unknown people. This is an abnormal situation…

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Direct and indirect costs or why it is impossible to count net profit by line of business
In companies with several divisions and branches, it is difficult to calculate the profit of each. You can subtract all expenses from all income and get some value. But this…

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What is microbusiness
Starting your own microbusiness is much easier than it sounds. Whether you are making jewelry by hand, printing something for sale or sewing, half the battle is already done. It…

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Someone turned in a report for you: how scammers use business to their advantage
Some entrepreneurs outsource bookkeeping to professionals to keep records and submit reports. This is a normal situation. But sometimes reports are submitted by unknown people. This is an abnormal situation…

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problem of control

Auditor VS Management company: when which instrument to choose

Let us recall that in addition to the general meeting of its members, the board of directors and the director, the structure of the company’s management bodies can include the Auditor, whose importance for the founder of a medium-sized business has been undeservedly forgotten. But it is precisely the Inspector who can become the eyes and ears of the owner, controlling the activities of a team of hired top managers.

Often, the owner of a business, and even more often the owner of several businesses, thinks – it would be good not to take part in the current operational activities, entrusting routine processes to hired top management. Continue reading

Operating leverage: what happens to profit margins if revenues fall. And if it grows up?
Usually business owners are interested in two interrelated indicators: revenue and profit. Revenue shows how much the company earned, and profit shows how much is left after deducting expenses. Most…

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Turnover or why fast business equals rich business
Business is a money-making box. You put capital in there, scroll and get some kind of profit at the exit. Accordingly, the more often you spin capital in a business…

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Control of operations with cash and property
The institution of mandatory control over transactions with money and other property is one of the basic elements of the functioning of the Russian system for countering the legalization and…

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