17 November 2021

SME financing | What is self-financing?

SME financing | What is self-financing?

SME financing | What is self-financing? It can be difficult for a young company to obtain financing because of the risk involved in the eyes of investors and banking

What is Zoho Expense for?

What is Zoho Expense for? Take the receipts out of your wallet, fill in the Excel file… already I feel like I’ve lost you. The expense

How to reduce accounting costs?

How to reduce accounting costs?   Cost reduction is one of the main objectives of any business in order to improve its profitability. If this is

8 common accounting mistakes to avoid

8 Common Accounting Mistakes to Avoid For a business leader, accounting is generally nothing exciting. We have to invoice, pay our employees, remit our taxes, pay

The business case for a service business

The business case for a service business With cloud applications, it is increasingly easy to have (almost) real-time access to the financial performance of our

SME financing | What is self-financing?

SME financing | What is self-financing? It can be difficult for a young company to obtain financing because of the risk involved in the eyes of investors and banking institutions . However, an effective way to increase liquidity can be to optimize your cash conversion cycle.   Indeed, the faster you sell your product, the faster you can produce more of it to increase your profits. To do this, there is no need to take out a loan. Many start-ups today rely on self-financing. The operation is not without risks, but the benefits are worth it.                       

What is Zoho Expense for?

What is Zoho Expense for? Take the receipts out of your wallet, fill in the Excel file… already I feel like I’ve lost you. The expense account process is a tedious headache for managers of many companies. What if I told you that I have THE solution for you? The one that will bring you peace of mind and increased efficiency, the one that will allow you to settle your expense account in a few clicks… This solution is called: Zoho Expense . No need to use the Zoho suite to benefit from all the advantages of this application. Zoho Expense integrates with

How to reduce accounting costs?

How to reduce accounting costs?   Cost reduction is one of the main objectives of any business in order to improve its profitability. If this is one of your goals, keep in mind that this reduction should affect the productivity of your business as little as possible.  The important thing is to achieve effective cost reduction. Moreover, one aspect that can be costly for many companies is accounting. If you have issues with your billing, tax reporting, spreadsheets, or accounting, reducing accounting costs could benefit your organization.   Some companies have the resources to provide full financial service, but the reality

8 common accounting mistakes to avoid

8 Common Accounting Mistakes to Avoid For a business leader, accounting is generally nothing exciting. We have to invoice, pay our employees, remit our taxes, pay our installments. For many, these steps are done by an accounting technician or by the entrepreneur himself. How to know if the accounting is in order? Too often, when clients come to us, nothing goes right. The accounting is late, they don’t have access to the information and the line of credit is “in the piton” as they say. How did we get there? Here are the 8 most common accounting mistakes :  1. Not giving importance to

5 accounting tips to check your accounting management

5 accounting tricks to check your accounting management Cofinia has been supporting SMEs in business management and accounting management since 2016. Many clients have approached us to help them update their business accounting, knowing that there was a problem. However, in several other cases, we had to notify the client of shortcomings and problems that we observed when they entrusted us with a bookkeeping or system migration mandate. Here are 5 accounting tips to check if your accounting is in order: 1. Are your bank and credit card reconciliations done? Bookkeeping may seem routine to some people, but it comes with its

The business case for a service business

The business case for a service business With cloud applications, it is increasingly easy to have (almost) real-time access to the financial performance of our company. Of course, as an accountant, I am quite well equipped to analyze the numbers. On the other hand, as an entrepreneur, I must say that it takes on another meaning. For what? Because it’s not just numbers and it’s not enough to make decisions based on the analysis we make of these indicators. In the past, as CFO, I gave my opinion, I issued recommendations, but ultimately, it was the CEO and the management team

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