Is it a problem if the invoice comes after payment?
It can create ambiguity if the payment is not clearly linked to the document. Each payment must have a clear invoice, contract, salary or explanation.
Simple answers to practical daily business questions.
Simple answers to practical daily business questions.
It can create ambiguity if the payment is not clearly linked to the document. Each payment must have a clear invoice, contract, salary or explanation.
The bank shows the movement of money, but not always the profit. For profit, revenues, expenses, liabilities, wages, taxes and unpaid documents must be controlled.
Yes, if related to business expense. The coupon must be legible and related to the business activity in order to make sense in the documentation.
Because mistakes are caught earlier. If documents are sent only at the end of the month, the risk of delays, absences and incorrect filings increases.
Yes. Even if there is no detailed report, the owner should have a clear overview of income, expenses, liabilities and available money.
Both are a problem. Missing document creates gap while wrong document can lead to inaccurate reporting. Both should be checked as early as possible.
Yes. Mixing personal and business expenses creates ambiguity in accounting, reporting and financial control.
Because cash payments are often forgotten or not linked to a clear document. Vouchers, invoices and explanations for each payment should therefore be kept.
No. Before investing, the profit, cash flow, obligations, fixed expenses and the impact in the coming months should be checked.
Yes, even the simple ratio helps. The small business needs to know where the money is going, what expenses are increasing and what needs to be controlled.
Because the contract, salary, holidays, changes and termination of employment must be clear. This protects both the business and the worker.
Decisions affecting salary, ownership, directors, activity, major expenses or employment relationships should be kept in the business file.
Because small mistakes during the months become harder to clarify at year-end. Monthly review is safer.
No. WhatsApp can help with communication, but documents should be stored in organized folders so they are easy to find when needed.
Yes. A clear description of the payment helps accounting to link the payment to the relevant invoice, contract, salary or document.
Yes. Suppliers show upcoming obligations and help the business plan payments without sudden pressure.
Yes. The list of outstanding customers is one of the most important tools for cash flow.
Not always. Too many unfocused services can increase workload, but not necessarily profit.
Yes. The new employee creates monthly costs and it is necessary to know how it will affect revenues, work and cash flow.
Yes. Even non-VAT businesses need to understand income, expenses and profit.
Yes, because there is a higher chance that documents are mixed up, delayed or not linked to the relevant payments.
Yes. If costs change, prices and margins must be revised so that the business is not operating at a low profit.
Yes. Key agreements should be preserved, especially when related to price, term, payment, liability or change of terms.
No. The end of the year should be about closure, not about uncovering problems that have occurred throughout the year.
Yes. A portion of the money may be a future liability. If spent without a plan, the business may fall short when the deadline comes.
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Note: Posts in this blog are for practical guidance and do not replace professional advice for a specific case. For tax, financial or documentation decisions, the real business documents should always be reviewed.