Nov 17

This is the basic equation of business and accounting but when was the last time that you thought about it?

Charles DickensW in David CopperfieldW said:

 

"Annual income twenty pounds, annual expenditure nineteen nineteen and six, result happiness. Annual income twenty pounds, annual expenditure twenty pounds ought and six, result misery."

What was true in the 19th century is still true in the 21st; it is not the value of the Revenue or the Expenses that matter but only the difference between them. More...

Nov 03

How much money should you spend on maintenance?

Like any other investment, and maintenance is an investment, you should keep spending on maintenance whenever the returns exceed the costs. Or, when operating with limited resources, as we always are, whenever the returns on this investment are better than the returns on the next best investment. More...