Budget Audit
Businesses run according to a monthly and annual budget that tracks sales, expenses, capital expenses (rent, leasing, equipment, salaries) and opex including payments for services, electricity etc. Companies must track performance against their budget, to see if they need to cutback on expenses, or, when they earn more than expected, make additional expenditures or hire […]
Bookkeeper
Someone who manages the company’s books including receivables, payables, cash flow, calculating income tax payments, bank reconciliations VAT payments, and creating reports such as monthly General ledger, P&L, VAT statements.
Business Grants
These are loans or payments made by the government to small companies to help them start up. Some grants come from the Ministries of Trade, Investment, Finance, Chief Scientist, and others.
Business Angels
Specialized investors who provide enough initial cash to small startups to enable them to create a proof of concept and then raise more significant funds. Angels usually receive a sizable chunk of potential shares for this activity.