Financial Management Q&As
4 Ways You Can Deal With Money Problems Like a Millionaire
Most people tend to think that a R50million net worth would be the answer to their prayers.
Read moreWhat do I keep in mind for financial planning in a business?
In the startup phase of any new business, the profits will usually be quite low. It is therefore important to be wise with every cent in these early stages.
Read moreHow should I calculate if a project is worth it?
Our turnover is great, but our profits are not. How do I calculate if a project is worth it? We excited by the deal, but I think they end up costing us more than they’re worth.
Read moreHow do I implement the youth wage incentive?
We break down the steps required to adopt the ETI.
Read moreHow do I submit a tax return for a small company?
Submitting your company tax return for the first time can be daunting. We show you how.
Read moreWho should have access to my business bank account?
Proceed with caution when giving people access to your bank account.
Read moreShould I acknowledge my debt?
You should understand the implications of signing an AOD before doing so.
Read moreShould customers sign a payment terms contract?
Protect yourself and your business by having a proper contract in place.
Read moreDo I need accounting software or is Excel sufficient?
Using proper accounting software can save you time and hassle, even in a small business.
Read moreWhich customers should I offer payment terms to?
Ensure you have enough information about your customer before offering payment terms.
Read moreHow important are financial records for a small business?
Keeping financial records for your business separate from your personal account is one of the most important activities for start-ups.
Read moreI thought my business was making a much better profit than we’ve recently discovered it is. We have good customers, we are busy and our clients pay on time. Where am I going wrong?
Keeping track of payments in your company to balance out your finances.
Read moreThe printing in my office is out of control. How do I reel it back in and save on costs?
Setting up a printing policy in the office.
Read moreTimes are tough and I need to manage my budget carefully to keep my business open. What tips can you give me?
Budgeting advice to keep a company open.
Read moreWe often have to wait up to 60 or 90 days for our customers to pay us, but must pay our own suppliers within 30 days. What can I do to ensure I meet these obligations?
Change customer deadlines to meet your own.
Read moreI run my own business as well as manage the finances. When is it time to get a finance director?
When is the right time to get a financial director.
Read moreWhat do South African banks require when opening a new business bank account with an existing business?
What banks require when opening a new business bank account.
Read moreWhat is the minimum threshold for VAT registration?
It all depends on your numbers.
Read moreWhat should I know about creditor and debtors department or function?
The National Credit Act has established guidelines for dealing with delinquent debtors, but you have to work through a credit bureau.
Read moreWhat do I need to know about budgeting?
How to begin putting together your budget.
Read moreEXPERT INSIGHTS
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A dose of wisdom for high-performing entrepreneurs and executives, an inquiry of five simple – yet essential – questions.
4 Banking Secrets That Most People Don’t Know About
Mo Rafi founded Rafi Credit Consulting Inc, a private consulting firm based in Toronto, Canada.