Cote (2020) defines Financial Literacy as the knowledge around financial statements, terminology, concepts and the understanding of using this knowledge to improve your Small-to-medium Enterprises (SMEs) financial growth. Financial literacy is an important tool SME’s must use to improve their long term financial health. How to improve your financial literacy Taking time to expand on […]
One of the most important factors which affect the growth of your SME’s is the investment power funneled into it. Trying to secure these funds can be a tricky process, and requires planning to ensure you have a convincing business proposition to sell to your potential investors. Before reaching that step, it is important to […]
The Statement of Cash Flow can be understood as the financial records which reflect the business’s incomes and expenses to determine the net inflow or outflow of cash. This Statement of Cash Flow is divided into Operating, Investing and Financial Activities. The Statement of Cash Flow helps business owners to understand how well their business […]
Small and Medium Enterprises (SMEs) face a variety of challenges with their business operations, one being efficiently and accurately maintaining bookkeeping. Maintaining business accounts is vital although without the right tools and knowledge this can be the driving factor which may lead your business to the ground. Racaza (2022) explains that SMEs main reasons for […]