Some time ago, in an interview with one of the most educated accountants in Moscow, I heard an exact statement of the purpose of the accounting system (not accountants) in the form in which it exists in Russia. The wording was:
MISSING TAX INSPECTION, ANY VERIFIED, AND ALSO (SOMETIMES) MISSING THE COMPANY’S TOP MANAGEMENT, SHAREHOLDERS AND EMPLOYEES THOUGH THEIR THOUGH ALL OF HUMAN. Continue reading
You may have come across a situation where business is conducted in the conditions of permanent loans and credits. This is such a bike: while you pedal – you go as soon as you release the pedals – you move by inertia for a while, but then you fall on your side.
I first encountered this situation in a distribution company where I was a director. Then we did not have enough money for the “turnover”. When we began to analyze our expenses, we saw that we spend their lion’s share: a) on the salaries of our employees and b) on the repayment of loans. And it turned out to be a heavy burden, because every month — take it out and put it — we have to pay people salaries, and also interest and a body on the loan. Continue reading
Financial Management Technology
I am familiar with this topic too well. Closer than I would like. Fortunately, I got acquainted with the technology in time, which I set out below, so now I not only have no debts, but I can be considered a fairly wealthy person. Continue reading