Time is money. This is not just a proverb, but a quantifiable measure. How much time is given to each function is not just a measure of how important it is, but also determines the total costs and economy of … Continue reading →

Budgets and accounting can become a great headache if records are not kept properly. You may know by experience how painful closing accounts can be at the end of the year, as you have to rifle through files to trace … Continue reading →

To help you start out, we have worked out a Budget Template in the Budget Toolkit that you can use, with the help of a fixed example. The first is to list out all your departmental expenses – salaries, utility … Continue reading →

Financial Nature: First you need to know whether your organization is capital intensive or expenses driven. A capital-intensive organization has to make large investments in equipment and supplies over the course of a year to run its business, e.g. A … Continue reading →

You are the IT department head in your company. There are multiple company objectives that you are required to meet, some initiatives of your own, contingencies that may come up. You have to make projections about how much you need … Continue reading →