How do you know that the company afford to obtain more credit facility?

Taking on a debt if you have a reasonable need, a sound financial track record, a firm financial history, and stable business, most banks, finance institutions, investors, etc will be willing to lend you the money. Funds are required for different reasons. It could be the need of cash itself, or the need for the financing to purchase machinery or more equipments, even better acquiring big assets such as a property. It is alwaysContinue reading “How do you know that the company afford to obtain more credit facility?”

Data Capturing,Transactional Allocations and Reporting

Data capturing is important in every business, not for future use only but for the end results. We need to make sure that we understand how each transaction affect our books, as that will have an effect on our reporting. 1. Capital – at no point should money put into the business by the ownerContinue reading “Data Capturing,Transactional Allocations and Reporting”

Getting out of Debt

Getting out of debt I am sure this may be one of the difficult exercise you may need to embark on. But for a healthy environment is deemed necessary to happen to create a positive environment for yourself. Let us first realise that the decision to cut off your debts does not only involves payingContinue reading “Getting out of Debt”