May 6th, 2008
One of the most effective ways of stimulating sales is by injecting a credit program into your sales program (i.e., set up an accounts receivable). If / when your credit program / accounts receivable results in a growth in Revenues as expected, your Cost of Goods will also grow in step with your Revenues. […]
By ren -- 0 comments
March 1st, 2008
A company who has had a poor performance resorts to “accounting noise” to make it look better than it really is.
One way is to fudge income figures (e.g., declaring prospective income that has not yet been realized).
Another way is to fudge expense figures. In effect, postponing expenses incurred during […]
By ren -- 0 comments
November 25th, 2007
Many wage earners have a very difficult time controlling Expenses which actually grow more rapidly than the increases their employers are willing to give. Thus, very little cash surplus (or worse, no cash surplus at all) is generated.
The best way to control Expenses and actually SAVE some amount is to spend money on an […]
By ren -- 0 comments
November 2nd, 2007
It is useful to categorize Expenses into: Manpower, Occupancy, and other Operating Expenses. This breakdown of Expenses helps the manager or the owner of the business to identify where attention and cost control should be focused.
Manpower would include salaries, the employer’s share of social security, employees’ hospitalization and other benefits, allowances, training expenses, […]
By ren -- 0 comments
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