Managing not to go Broke
The main cause of business failure is poor financial management. Figures from the Australian Bureau of Statistics indicate that more than 60 percent of small business cease operating within the…
Managing not to go Broke
What Really Drives Cash Flow In Your Business?
Cash flow is driven by a number of factors including: Accounts Receivable – this refers to the amount of money owed to your business by your customers. If customers pay…
What Does Your Balance Sheet Say About You?
Your Balance Sheet is the most important report you need to look at. It tells you what you own and what you owe. This report shows your business assets, what…
Manage Your Work In Progress To Keep The Cash Flowing!
Work in progress refers to a business’ partially finished goods or services awaiting completion and eventual sale on the value of those items. For goods work in progress can refer…
Manage Your Creditors To Conserve Your Cash!
If you manage your creditors in the right way you can actually save your business some money and hold onto your cash for a little while longer. Some tips to…
Manage Your Asset Purchases To Hold Onto Your Cash!
Purchasing assets such as machinery, motor vehicles and equipment are very expensive and would be the biggest outlay your business will make. It is very easy for a business owner…
Keeping your DEBTORS in line to to keep your cash Ticking OVER!
To start off with it is absolutely critical to get your invoicing process right. Get this right and it will be easier for the customer to pay your invoice. You…
Do you know who owes you money and whom you owe money to?
We will unravel two more of the reports required to understand your numbers – the aged debtors and aged creditors reports. These two reports tell you how much your…
Do you know what is going on in your Business?
Did you know that the main cause of business failure is poor financial management? Good financial management is how businesses make money. The odds of surviving in business long…
DO YOU KNOW IF YOUR BUSINESS WILL MAKE A PROFIT THIS YEAR?
Your Budget report is an estimate of what your income and expenses will be for a future given period – usually. It is invaluable for planning your business strategy. Your…