In the article on how to measure your company’s performance, we learn in a relaxed way about the structure of your company’s Income Statement (DRE). We will now see, step by step, how each piece of information in the DRE can help us understand our business. 1. Total sales value Every company, whether it is a retailer, an industry … Read more
It is no surprise that companies of all sizes are looking for strategies to make more money and ensure their long-term survival. Achieving this goal is not just a matter of increasing sales, but also of understanding the role of profit, managing costs intelligently and adopting practices that maximize revenue . In this content, we will explain the essential … Read more
Bank reconciliation is the process of checking and comparing the financial transactions recorded by the company and the entries present in the bank statements. The objective is to ensure that all transactions carried out by the company are correctly recorded and correspond to the actual movements in the bank accounts, identifying possible errors, fraud or omissions. This … Read more
Many entrepreneurs don’t know, but the success of a business depends, to a large extent, on appropriate pricing, which must take into account costs, the customer’s perception of value and the competitive market . Many firms struggle in this respect, whether it is through ignorance or an underestimate of the need for its usage. Let us explain, … Read more
Anyone who has a company is well aware of the importance that good financial management brings to its business. For this reason, it becomes essential to introduce some routines to handle it appropriately, such as managing accounts payable and receivable. This provides a deep knowledge of the cash flow , fixed and variable costs, and revenues generated by … Read more
Cost reduction is a practice that each employer should recollect to optimize its sources and increase profitability . However, now not all marketers know in which to begin enforcing effective techniques to cut prices with out compromising first-class and productiveness. Below, see some actions and points of attention that companies should observe in the cost reduction process. … Read more
Do you know what net working capital is? Understand what this indicator says about your business and learn how to calculate it! In order to correctly handle the company’s finances, you need to know and analyze some indicators. And among them, you have to understand what the net working capital is and the information that … Read more