The American dream (lottery) and the emergence of multinationals

When a company keeps accounts, it encounters a loss at the end of the third financial year. But when entrepreneurs still paid out their raw materials and employees in cash every day, and didn’t keep records, they had to have enough money on hand in the morning to be able to pay for one day’s […]

The budget deficit of the Church

Most churches will want to know how to solve their budget deficit. The Roman Catholic Church doesn’t use budget financing but has, throughout its history, encountered the problem that it is not possible to safely count the proceeds of the collection. Because if they counted the money after the service, every thief in the surrounding area […]

Healthy and unhealthy companies

What is the difference between financially healthy and unhealthy companies? Healthy companies When companies are healthy, businesses have many highly qualified workers who produce and sell high-quality products. Companies receive a lot of money for those products, which they use to pay their employees a good salary. In addition, they have assistants/apprentices who support the […]

Fair methods to calculate salaries

Let’s see some fair methods to calculate salaries. Before 1980, companies used three methods to determine the level of salaries: Performance-based pay. With performance-based pay, companies employees paid a percentage, usually 90% of the added value of their own production. This stimulated companies to teach employees new skills and techniques since increased product quality implied […]

The accounting method of the Dutch guilds

The accounting method of the Dutch guilds is an interesting topic. About 800 years ago, the Dutch guilds devised an ingenious method to solve the problem of business losses. Although almost nobody understood how it worked, companies used it for centuries. Profitable companies paid such high salaries that they attracted employees from around the world. […]