What is Input VAT?
March 4, 2012
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Input VAT If your business is registered for VAT, you can claim back VAT charged to you on products and services Input VAT = Expense
Category: Profit
What is Break Even?
March 4, 2012
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Break Even Break Even is point where sales – expenses = 0 It is calculated in units & R. It can take months or years
What is Output VAT?
March 4, 2012
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Output VAT If your business is registered for VAT, you will charge VAT on the sale of products and services Output VAT = Sales *
What is Income received in advance?
March 4, 2012
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Income received in advance Income is received before the business has delivered the product or service for the benefit of customer Income received in advance
What is a Sales Budget?
March 4, 2012
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Sales Budget shows estimated sales for the budgeted period. It is allocated per business unit, person, area or similar basis The Budgeted period could be
How to increase your Bottom Line
June 10, 2011
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So you want to increase your bottom line? Quickly? Read on! The Bottom line The bottom line refers to the net profit after taxation. As