My recommendation is this: don't ignore it
Posted: Sun Dec 22, 2024 10:02 am
And this is not necessarily true, since a company can make a profit but not have liquidity because, for example, customers owe it money or because it is paying investments (not expenses) or because it has been reducing its debts.
And vice versa: the entity can close a financial year with a negative result and, nevertheless, have money available because it has increased its debt or because its assets have deteriorated or because there are clients who are sure not to pay, for example.
The recommendation
If you have or are going to have a company, financial data will be part of your daily life, whether you like it or not.
Keep in mind that telegrama sa pilipinas accounting is just like customers, sales, or taxes; it is just another aspect of your business.
Even if you don't do it yourself, you should at least acquire some general knowledge that will allow you to understand accounting reports and be able to take advantage of them.
Make sure it is kept up to date and in the correct manner possible, so that you can make predictions and decisions with enough time.
Give the accounting program the importance it deserves : you can travel from Madrid to Barcelona in a Seat Ibiza or a BMW 525 and you can get there in both, of course, but the features are not the same, right?
And vice versa: the entity can close a financial year with a negative result and, nevertheless, have money available because it has increased its debt or because its assets have deteriorated or because there are clients who are sure not to pay, for example.
The recommendation
If you have or are going to have a company, financial data will be part of your daily life, whether you like it or not.
Keep in mind that telegrama sa pilipinas accounting is just like customers, sales, or taxes; it is just another aspect of your business.
Even if you don't do it yourself, you should at least acquire some general knowledge that will allow you to understand accounting reports and be able to take advantage of them.
Make sure it is kept up to date and in the correct manner possible, so that you can make predictions and decisions with enough time.
Give the accounting program the importance it deserves : you can travel from Madrid to Barcelona in a Seat Ibiza or a BMW 525 and you can get there in both, of course, but the features are not the same, right?