The greatest downfall for many individuals and businesses is confusing “wants” with “needs”. This often leads to spending beyond their means, resulting in a life of debt. Many people and businesses appear to be doing well, even claiming to be “millionaires”, but in reality, they are deeply indebted. Understanding the …
Read More »What is an account? A beginner’s guide
Let’s break down what an “account” means in business and accounting. Imagine a company has many different things it owns, and different things it owes to others. To keep track of all of these, we use “accounts”. An account is like a special page or folder in a book (called …
Read More »Goods and services – resale vs operational: The #1 difference every business student MUST know
When learning business and accounting, it’s essential to grasp some fundamental concepts, and at the very heart of it all are goods and services. These aren’t just abstract terms; they’re the building blocks of every transaction, every company, and every economy. In essence, the primary purpose of a business is …
Read More »Teaching bookkeeping: A profitable side hustle for young people
Tired of the same old routine? Want to do something meaningful with your extra time? Why not turn your accounting knowledge into a lucrative side hustle? Teaching bookkeeping is a fantastic way to earn extra cash, share your expertise, and make a positive impact. What is bookkeeping? Bookkeeping is the …
Read More »Becoming a financial advisor: A guide to your financial future
A financial advisor is a professional who guides individuals and businesses in making sound financial decisions. They help clients set financial goals, create strategies to achieve them, and manage their money effectively. From investing and retirement planning to tax optimisation and estate planning, financial advisors offer expert advice tailored to …
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