Colour Accounting refreshers
Updates and notices on the ServiceIQ and BDO New Zealand Colour Accounting Workshops
Colour Accounting refresher – Cashflow is critical
Covid-19 has presented business owners with many challenges, not the least managing cashflow. Cashflow is critical for every business, and understanding the levers that impact cashflow has never been more important.
Colour Accounting refresher – Income and Net Profit Margin
Income is defined as a value-generating activity, a verb concept.
Net Profit Margin is also known as the Return on Sales percentage.
Colour Accounting refresher – Liabilities and Leverage
Liabilities are defined as an obligation to a third party.
Leverage is used to calculate the percentage of a business’ assets that are funded by third parties.
Colour Accounting refresher – Assets
At the heart of accounting are assets – it is an asset-centric story!
Colour Accounting refresher – Cash burn calculation
Cash burn is an estimate of how fast the cash in a business is being used to meet operating expenditure.