Why should a business conduct a financial analysis?

Financial Analysis involves using financial data (income statement, balance sheet, and cash flow statement) of an entity to assess a company’s performance and make recommendations about how it can improve going forward. Some organizations are reluctant or hesitant to look into the numbers of their books because they either might have improper records or generally …

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Analyzing your business performance: a simple guide

A good strategy to achieve business success is to always evaluate your business performance at least monthly. Your business performance is measured by your statement of profit or loss. This statement has its key elements to be revenue or sales, expenses (both direct and indirect), gross profit, and net profit or loss. In this article, …

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Free website & Domain + Hosting for Built users

Today, we are announcing a collaboration with Africa Skills Hub and the Norwegian Agency for Development Cooperation (NORAD) to get businesses on Built free website creation and 1 year domain and hosting. This has become very important becomes the ongoing pandemic has taken a heavy toll on small businesses and going digital is one of …

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Announcing Built Payroll, Vendor Pay, POS and Subscriptions

We are happy to announce the release of Built Payroll, Vendor Pay, POS and Subscriptions features on our accounting and finance software. These features are part of the product roadmap we have designed to automate bookkeeping and cash flow management for  small business owners to ensure that they have enough time to focus on their core …

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Why should a business conduct a financial analysis?

Financial Analysis involves using financial data (income statement, balance sheet, and cash flow statement) of an entity to assess a company’s performance and make recommendations about how it can improve going forward. Some organizations are reluctant or hesitant to look into the numbers of their books because they either might have improper records or generally …

Read more

Analyzing your business performance: a simple guide

A good strategy to achieve business success is to always evaluate your business performance at least monthly. Your business performance is measured by your statement of profit or loss. This statement has its key elements to be revenue or sales, expenses (both direct and indirect), gross profit, and net profit or loss. In this article, …

Read more
Paying myself as a business owner

Paying myself as a business owner: A prudent approach?

General perception Most small business owners do not see the importance of paying themselves at the end of the month because they have the perception that they own the monies in the business and also, they can pay themselves at any time. Yes, you can pay yourself at any time because you do not report …

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A Simple Guide to Small Business Taxes in Ghana

While it is common knowledge that doing business involves tax payments, it is vital to reiterate this. In Ghana, some taxes apply to only small businesses though the industry and location in which a small business operate may give rise to other tax obligations or tax exemptions. In this article, I share with you four …

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