What Best Practices should you follow when conducting a Financial Review to ensure your decision-making is based on a thorough understanding of your business?
Growing your business means more cash for you now plus a higher sale price in the future when you decide to eventually sell your business. The last instalment of the series discusses 7 practical ways to improve your profits.
What is accounts receivable and where can it go wrong? What is accounts receivable (or trade debtors)? Accounts receivable is the money you’re owed by customers. Once you send an invoice (or bill), it becomes part of your accounts receivable – until it’s paid. Accounts… Read More >>
From the moment she finished high school, Annette stepped straight into accounting. Annette has held a range of roles, from working in the QLD Treasury and Minister’s Office accounts departments, to being an Accounts Manager in private enterprise, but it was being in public practice… Read More >>
5 areas of any business that can be tweaked or improved with a little thought, a smart tool or a plan of a-tech. 1. Your voice online We talk with small businesses all the time and are still surprised by the large number who don’t… Read More >>
30 June deadline pressure getting to you already? EOFY can be stressful, especially if you fail to plan. There’s no need to panic if you get organised now. Online accounting software has revolutionised the way accountants and business owners communicate on the accounts and prepare… Read More >>
5 ways to safeguard your business cash flow The survival of many small businesses depends largely on the ability to manage cash. Retailers may need to pay in advance for bulk purchases ahead of the holidays. Hospitality businesses need to make signage and equipment prominent to acquire… Read More >>
You can run a profitable business but, unless you have cash flow under control, the odds are against you. According to Dun and Bradstreet, 90 percent of small business failures are caused by poor cash flow management. Want to make sure you’re not just another… Read More >>
This is a great time of year to review what monies are owed to you Remember you are not in the business of lending money! Often it is the enticement of an end of year tax deduction that lures customers into paying you, so don’t be… Read More >>
If you have a small business, cash is king, and knowing how to free up cash is important from the very start. 1. Review your Terms of Trade Decide early on in your business what your Terms of Trade will be: Will you have a 7-days,… Read More >>