expenses

Pay Right and in Time, but Don’t Pay Twice

Jorge Ruiz Fernández

September 24, 2025

Imagine that you run a department like Accounts Payable. You hire more or less the right number of people. They focus on processing invoices. You pay suppliers more or less in time. From time to time minor issues occur, but your suppliers are happy in general. Time later, the company, like any other business, goes…

accounting, bad debt, budget, business, Business Adivce, business goals, business proceses, cash flow, cost control, customer service, expenses, financial literacy, freelancer, goals, key performance indicators, pricing strategy, Profit and Loss

accounting, assets, budget, budgeting, business, business advice, business processes, classification, cost control, debt, expenditure, finance, financial knowledge, financial literacy, financial-management, habits, management consultancy, profit or loss, quality, targets, taxes
Never Look at One Single Ratio

Jorge Ruiz Fernández

September 10, 2025

“This year we have grown 20% of sales compared to the previous year and we hit the 2 billion euro in revenue!”. I’m sure you have heard of this several times in one way to another. Companies that celebrate they made more sales, kept expenses under control or expanded to new markets. This sounds as…

accounting, Business Adivce, cost control, customer service, expenses, goals, investments, key performance indicators

business, business advice, cost control, cost reduction, finance, financial literacy, knowledge, management, operations, profit or loss
The Concept of Value

Jorge Ruiz Fernández

December 9, 2023

I have a friend who works as an electrician. Once he was called to fix a switch that wasn’t working. He looked at it, and in less than five minutes he fixed it. After that, he charged him for his services. His customer pointed how come he had to pay that much for a job…

accounting, budget, business, Business Adivce, cash flow, cost control, expenses, pricing strategy, Profit and Loss, value

accounting, budget, business, business advice, cost control, cost reduction, expenditure, expenses, finance, value
What is Wealth?

Jorge Ruiz Fernández

November 8, 2023

The answer to this questions might seem a little abstract. Usually, when we think about wealth, things like money, properties and other sort of assets come to our minds. However, the definition of wealth is much broader than that. Some books refer to it as the time that you would be able to live in…

accounting, asset, business, Business Adivce, cash flow, cost control, expenses, financial literacy, investments

accounting, assets, business, classification, financial knowledge, investment, margin of safety, profit or loss
Revenues and Costs, Some Aspects

Jorge Ruiz Fernández

September 6, 2023

I’ve been living abroad for a while, as many people are doing these days. A common topic of discussion among expats is the salary you can earn in a certain country. It is funny to see people who move to countries like the United Kingdom, the Netherlands or Germany to find not only opportunities but…

accounting, budget, business, cash flow, cost control, expenses, financial literacy, investments, kpi, risk and return

accounting, business, business advice, cost control, cost reduction, debt, expenditure, expenses, finance, gearing, investment, knowledge, profit or loss
Don’t Only Work Hard, Be Also S.M.A.R.T!

Jorge Ruiz Fernández

August 2, 2023

You wake up in the morning determined to start a brand-new day. Your business requires your immediate attention in all areas: providing services or delivering goods to your existing customers, finding new customers, pay to suppliers, administrative work, developing new products… The moment you realise, it’s time to call it a day, have dinner, spend…

accounting, budget, business, Business Adivce, cost control, expenses, financial literacy, key performance indicators, kpi, performance indicators, Profit and Loss, return on investment, risk and return, roi, SMART
Understanding bad expenses and bad debt

Jorge Ruiz Fernández

May 3, 2023

Thanks to the earnings of our company, we may have the desire to buy something that makes us feel good. Maybe a new car or a house, because our family is growing, or that fancy mobile phone that takes high quality pictures and go on holidays to the most remote location on Earth. Sometimes, when…

bad debt, budget, Business Adivce, cost control, expenses

accounting, budget, business, business advice, classification, compound interest, cost control, debt, expenditure, expenses, finance, gearing, investment, knowledge, loan, profit or loss
Compound interest

Jorge Ruiz Fernández

April 19, 2023

When we’re watching or reading the news, we often hear about inflation hitting -once again- the consumer price index and increasing the cost of living. Also, when we ask for a loan, we need to pay a certain interest for it. If we own some stocks or government bonds, we might receive also a percentage…

accounting, Business Adivce, cost control, expenses

compound interest, credit card, debt, dividends, investment, loan, stock
Where Does Your Money Go?

Jorge Ruiz Fernández

April 5, 2023

Controlling your expenses Welcome to the first article of my blog and brand new website. It’s very exciting to run your own business, isn’t it? You can make your own decisions, obtain the profits and develop in your professional career in the direction you want. However, it can be a bumpy road from the very…

accounting, budget, Business Adivce, cost control, expenses, Profit and Loss

accounting, business, business advice, cost control, expenditure, expenses