Finance – BDS Chartered Accountants

Terms of Trade

admin — Fri, 17 Jan 2020 01:01:47 +0000

Areas to include When drafting terms of trade for a standard seller of goods or services consider the following areas: Terms Notes The Parties Clearly identify the legal entity you are contracting with Goods and/or Services An exact description of the nature of the goods and/or services is essential Price Payment Including whether the …

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Debt Factoring

admin — Fri, 17 Jan 2020 00:56:48 +0000

Introduction Factoring is not new, it originated in England in the 1300s. Today it is a common method of financing business transactions. The factoring company purchases a business’ debtors’ invoices for a fee. The benefit to the business is that it receives cash for a high percentage of its debtors’ invoices, virtually simultaneously with the …

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Should you be increasing your prices?

admin — Thu, 16 Jan 2020 04:26:17 +0000

If you adopt a premium pricing strategy the following table shows the amount by which your sales would have to decline following a price increase before your gross profit is reduced below its present level. For example, at a 40% margin, a 10% increase in price could sustain a 20% reduction in sales volume. If …

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Should you be discounting your price?

admin — Thu, 16 Jan 2020 04:24:01 +0000

The following table indicates the increase in sales that are required to compensate for a price discounting policy. For example, if your gross margin is 30% and you reduce price by 10% you need sales volume to increase by 50% to maintain your profit. Rarely has such a strategy worked in the past and it’s …

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Exporting Business

admin — Thu, 16 Jan 2020 03:21:46 +0000

Introduction New Zealand relies heavily on exports to support its economy. Because of this, the New Zealand Government puts a lot of resource into its national economic development agency, New Zealand Trade and Enterprise (NZTE). Contents This guide contains the following topics: Setting up an export business Developing your intangible resources Going …

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Legal Remedies For Debt

admin — Wed, 15 Jan 2020 04:51:19 +0000

Introduction The last resort for pursuing stubborn debtors is the legal system. It can be costly, time consuming and frustrating. And it takes you away from what you really want to be doing in your business. It’s much better to have a rigorous in-house debtor management system which still manages to preserve the customer …

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Insurances

admin — Wed, 15 Jan 2020 04:31:14 +0000

Introduction While insurance requirements vary greatly from one business to another, the following is a guide to the most common types. Commercial Building Covers full replacement value including loss of rental income for 12-24 months minimum and landlord liability. Material Damage Covers the assets of your business such as buildings, stock, plant …

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Business Valuations

admin — Wed, 15 Jan 2020 02:30:32 +0000

There is no topic about which greater differences of informed opinion may exist than the value of a business or shares in a private company. The value of a business is naturally influenced by the willingness of a vendor to sell and a purchaser to buy. It is usually assumed that fair value is a …

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Business appraisals preparation

admin — Wed, 15 Jan 2020 00:37:56 +0000

Systematic Approach to a Business Appraisal 1. Assess What You Are Buying Goodwill Plant & Equipment Fixtures & Fittings Stock and Work in Progress Debtors Franchise Rights Training Licenses Liabilities Other Assets Business Structure 2. Financial Assessment Historical Accounts (3 years) Analysis of Significant Expenses Ratio Analysis Review Income Components Look Behind the …

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Behavioural profiling

admin — Tue, 14 Jan 2020 23:15:04 +0000

Introduction Behavioural profiling is a valuable tool, which has transformed individuals as well as businesses worldwide. It is a tool used to identify behavioural style by measuring attributes or qualities of a person and aspects of his or her personality. It can be used in many contexts, both in the workplace and elsewhere. Behavioural profiling …

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