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…
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…
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…
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…
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…
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…
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…
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…
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…
Your Cash Flow Forecast report is an estimate of the inflows and outflows of cash for a future given period. It gives you the real-life details and tells you when…