expenditure

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
This time of the Year

Jorge Ruiz Fernández

December 18, 2024

Reaching the end of 2024. Many organisations take the time, if they haven’t already, to look at what went and not so well, appraising the performance of the company according to the goals they set to meet during the year, and review if changes need to be done, like removing objectives that no are no…

accounting, budget, business, Business Adivce, investments, kpi, risk management, SMART, value

accounting, budget, business, business advice, expenditure, expenses, finance, financial knowledge, financial literacy, knowledge, management, management consultancy, operations, profit or loss, value
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
Assets

Jorge Ruiz Fernández

May 17, 2023

Imagine for a minute that your business is reaching its maximum production capacity. Profits are higher than ever and you can’t satisfy the demand of your product. Another example. You want to travel all around the world. Therefore you decide to learn a new language. Or maybe you develop a new computer software that can…

Uncategorized

accounting, assets, business, business advice, cost reduction, expenditure, financial literacy, interests, investment, management consultancy
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