Struggling with a complicated spreadsheet that leaves you confused? Built’s budgeting tool is your knight in shining armor. This user-friendly feature simplifies budgeting, allowing you to create, track, and analyze your finances with ease. Get ready to see your financial planning go from a frustrating mess to a goal-achieving cruise! Budgeting Made Easy Built’s budgeting tool eliminates the complexity of…
Do you dread the holiday season scramble to send bulk SMS to all of your business partners? The process can be costly, time-consuming, and tedious, especially if you have a large network. Imagine a world in which you can send out well wishes or important updates to everyone with just five clicks. Built Accounting, Africa’s all-in-one financial platform for SMEs,…
“Sales collections can feel like a chore. Any tips to make it easier?” “Wait, are you saying that all the cash in our account this year is from sales?” “Why the differences between the deposit slips and the cash collected in December?” “Spending cash from sales before depositing the balance, can you clarify?” “Can we verify if all cash sales…
Introduction Imagine yourself as a small business owner, sitting in your shop on a normal day in your neighborhood. Your business stands as proof of your hard work and vision, enabling you to chase your dreams. Just as a GPS guides you through unknown roads, financial statements guide your business through to steer through the unpredictable market. This article aims…
Introduction Small businesses often struggle with handling daily expenses efficiently, especially when it comes to dealing with multiple reimbursement requests. Petty cash management offers a structured solution. In this system, a petty cashier is appointed to oversee a fixed fund and maintain detailed records. This approach ensures quick access to cash, accurate tracking of expenses, and better overall financial management.…
Introduction The Growth and Sustainability Levy Act 2023 (Act 1095) has been introduced in Ghana to foster economic growth and fiscal sustainability by raising revenue from specified companies and institutions. The levy is on profits before tax or production for the assessment years 2023, 2024, and 2025. Understanding and managing this levy is critical as a business owner to ensure…
Introduction As a Ghanaian SME owner, managing your company’s payroll can be difficult, especially given the complexities of regulations and tax laws. However, keeping employees happy while remaining legally compliant requires accurate and timely payroll processing. This guide will walk you through the fundamentals of payroll services, providing valuable insights to help you streamline your payroll processes and keep your…
Social media buzzed on July 21st as emails from global ad giants like META landed in SME inboxes, announcing a new Value Added Tax (VAT) on ad purchases. This additional cost, effectively a tax on advertising, impacted everyone, from major corporations to individual ad buyers. For Small and Medium Enterprises (SMEs) already juggling budgets, comprehending the consequences for their digital…
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, I provide you with a…