cost control

Is Accounting Just Administration Work?

Jorge Ruiz Fernández

January 7, 2026

When I ask people what they think what accountants do, they usually respond with things such as recording or issuing invoices, making payments, or presenting taxes. The funny thing is when some say “anybody could do it. I did the accounting of my own business, but I hired an accountant to save time”. Accounting, unfortunately,…

accounting, Business Adivce, business advice, kpi

accounting, assets, business, business advice, cost control, finance, financial knowledge, financial literacy, management consultancy, profit or loss
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
A matter of Luck or Risk

Jorge Ruiz Fernández

January 30, 2024

Often, we see businesses succeed or fail. Same with people and their careers. If they succeed, we see them as brilliant, gifted or even smarter than regular people. In contrast, when they fail, we see them as the opposite. Of course, we know that there are some variables that play a significant role in the…

business, Business Adivce, financial literacy, risk management

business advice, cost control, knowledge, management consultancy, risk management
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
Margin of Safety

Jorge Ruiz Fernández

September 21, 2023

One of the difficulties when starting a business is predicting the volume of sales and costs in the future. You don’t need to be a genius to guess that it’s impossible to know exactly what is going to happen, either if your product will be a complete success or that a competitor will launch another…

accounting, budget, business, cost control, financial literacy, margin of safety

accounting, business, business advice, cost control, expenditure, finance, financial knowledge, investment, management consultancy, 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
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
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