Summary details relating to the Ban on excessive credit card surcharges for small businesses – from 1 September 2017 (for more details see the link below) This ban now applies to ALL businesses. From 1 September 2016, this applied to “Large Businesses” (Over $25mill Turnover, over 50 Employees and over $12.5m in Assets) From 1 […]
[VIDEO] Tracking costs for products and services – Which ones?
I often get asked by clients if they should be tracking the costs related to their different products and services. My answer to that is definitely. But, exactly what costs should you be tracking to get accurate information relating to profit and cash flow for each relative service should you be tracking?
Should I be tracking the costs related to my products and services?
I often get asked by clients if they should be tracking the costs related to their different products and services. My answer to that is definitely. The costs you need to be tracking are both your direct costs and your hidden costs. By tracking what your direct costs are in terms of receiving your product […]