We are glad you’ve made the decision to switch to Built. Before we start, we have a special package to ease your switching from Wave to Built. We are offering you migration support and a free 12 months Starter Package on Built. Click here to sign up for it. Here are simple steps to help you switch to Built easily:…
The Nkosuo Loan program has been launched by Mastercard Foundation, in partnership with the National Board for Small Scale Industries (NBSSI) as an Emergency Program to support micro, small, and medium-sized enterprises (MSMEs) and start-ups in Ghana who have been affected by the ongoing pandemic. The program which falls under the general NBSSI Mastercard Foundation Recovery and Resilience Program for…
Financial Analysis involves using financial data (income statement, balance sheet, and cash flow statement) of an entity to assess a company’s performance and make recommendations about how it can improve going forward. Some organizations are reluctant or hesitant to look into the numbers of their books because they either might have improper records or generally lack the expertise to analyze…
A good strategy to achieve business success is to always evaluate your business performance at least monthly. Your business performance is measured by your statement of profit or loss. This statement has its key elements to be revenue or sales, expenses (both direct and indirect), gross profit, and net profit or loss. In this article, I provide you with a…
Today, we are announcing a collaboration with Africa Skills Hub and the Norwegian Agency for Development Cooperation (NORAD) to get businesses on Built free website creation and 1 year domain and hosting. This has become very important becomes the ongoing pandemic has taken a heavy toll on small businesses and going digital is one of the ways businesses are opening…
We are happy to announce the release of Built Payroll, Vendor Pay, POS and Subscriptions features on our accounting and finance software. These features are part of the product roadmap we have designed to automate bookkeeping and cash flow management for small business owners to ensure that they have enough time to focus on their core business operations. Payroll We know…
Outsourcing Accounting services is defined as purchasing an accounting service from an outside vendor rather than hiring an in-house Accountant. The prime objective of outsourcing an accounting service is to reduce costs. As companies grow, the amount of paperwork explodes too. This leads to several problems, from overburdened employees to outdated and inefficient processes through to non-compliance and errors. To…
There are broadly two sides of doing business: (1) bringing in cash and (2) managing the cash brought in. One important tool that assists businesses to bring in cash is marketing, especially advertising. In this article, we will look at some reasons why you should budget or make provision for marketing as you run your business. Awareness creation Goods and…
General perception Most small business owners do not see the importance of paying themselves at the end of the month because they have the perception that they own the monies in the business and also, they can pay themselves at any time. Yes, you can pay yourself at any time because you do not report to shareholders or stockholders. You…