Addmath

Addmath

Automating the Preparation of  Financial Statements

In today’s fast-paced business environment, the accuracy, efficiency, and reliability of financial statements are crucial for effective decision-making and compliance with regulatory requirements. Traditionally, many businesses have relied on Excel to prepare their financial statements. While Excel is a versatile tool, it falls short on certain features that modern accounting software like Caseware, or Finnivo

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Empathy

Empathy refers to the understanding of the needs, concerns and challenges other people face, be it clients or colleagues. One must be sensitivity to the circumstances and understand what other people feel or see things from their point of view and imagining yourself in their place. Empathy requires active listening and putting oneself in others’

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Risk management response strategies

Risk management refers to the strategies and actions organisations put in place to reduce or manage the impact of potential threats to an organization or project. Therefore, the first step to Risk management is potential threats identification. Examples of threats businesses face include cybersecurity threats, natural disasters, project failure, damage to machinery, injury to personnel

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NAVIGATING THE SEAS OF UNCERTAINTY: RISK MANAGEMENT

In this dynamic business world, uncertainty is certain. The ability to navigate these turbulent waters and emerge unscathed requires a strategic approach known as risk management. Risk management is a proactive process aimed at identifying, assessing, and mitigating dangerous situations to ensure a smoother journey toward success. HOW DO BUSINESSES IDENTIFY FINANCIAL RISKS? Every business

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Every farmer needs an accountant!!!

From time immemorial, agriculture was believed to be the production of staple food required for daily survival.  However, with the invention of mechanisation, it has become increasingly clear that farming is an enterprise that can be profitable, interesting and will feed nations.  We have seen the advancement of farmers venturing in innovative farming like hydroponics,

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How growing businesses benefit from Sage One

Often times, growing businesses, particularly start-ups, find navigating the complex landscape of accounting and financial management daunting. They usually require simplified and affordable solutions.  Sage One comes in handy in that regard. Sage One is a comprehensive suite of cloud-based accounting and invoicing software designed to streamline processes.  Over the years, this solution has empowered

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Business Valuation: What is your company really worth?

Have you ever asked yourself how much your company is worthy?  How would you put a value to it?  Today we explore business valuation from the business advisory side.  Business Valuation refers to the process of determining the economic value or worth of a business, which involves assessing the financial health and the potential of

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