The Chinese New Year is less than a month away and the festivities are certain to have an impact on business. In the Chinese Zodiac calendar, 2016 marks the year of the Monkey. The monkey is said to bring Good Luck, Protection and Swiftness. However, if the products of your business are made, shipped from or sold in China then one thing that will definitely not enjoy this ‘swiftness’ is your Supply Chain. The Chinese New Year is one of the few mandatory holidays that all citizens of the country observe.Read More
Quickbooks is a fantastic accounting platform but it cannot satisfy all the needs of a business. Recently we realised that users of accounting software can have information hidden in silo’s and will only integrate it when reports need to be made for decision makers within a company. This causes a lot of time wasting and headaches for the accounts department.
Third party apps or add on’s can alleviate the pain of information hidden in silos through integrating additional functions into your Quickbooks accounting package.Read More
In total the foreign exchange market is worth five trillion dollars every day. To put this into context the forex market is 52 time larger than the New York Stock Exchange daily activity. Of the five trillion dollars traded each day, two trillion is traded in spot trades.
A spot trade or spot transaction is the most common transaction made each day. A spot transaction occurs when a business would like to make a payment today and needs a quoted price now.Read More
One of the biggest issues facing companies importing and exporting goods is where to get the best exchange rates. Contacting your local bank is usually the first thought that comes to most people. However, many CEO’s and business owners don’t realise that your bank is not the best choice when it comes to transferring your money. Let’s face it, your bank is not in the market of currency exchange, furthermore, it is in the market of making money out of businesses like yours that need to send money back and forth overseas to pay for…Read More
The popularity of the Chinese Remnibi (RMB) continues to increase. According to a recent statistics it currently ranks as the eight most used currency in the world. The rise of the Remnibi is caused by the increasing volume of Chinese trade in combination with the fact that RMB is already used as a part of various financial portfolios. The fact that the Chinese currency has gained more than two percent against the US dollar during 2013, makes it very attractive for investors who are searching for ways to store and…Read More