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Our Tips to Significantly Improve Your Cash Flow

  • On June 26, 2020
What is ‘cash flow’? As the name implies, it is the flow of your business’ money. It takes a look at where the money is coming from as well as where it is going out to. For instance, sales can be a source of funds, while investments can be where your money goes to.  Another […]
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3 Reasons You Need a Cash Flow Statement

  • On June 19, 2020
Wondering if you need a cash flow statement for your small business? Of course! Without it, you won’t have a clear picture of how much money is moving in and out of your business, which may cause you to make poor financial and management decisions.  If you want to remain well-informed about the financial state […]
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15 Tips to Save Money on your 2020 Tax Bill

  • On June 12, 2020
The end of the 2020 financial year is fast approaching. Have you looked at the financial performance of your business to date? What about your year to date personal/family income and expenses? Now is the right time to take stock and review all this. Over the next few days, you can take appropriate steps to […]
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4 Benefits of Cloud Accounting Services You Shouldn’t Ignore

  • On June 12, 2020
Whether you enjoy accounting or not, there’s no denying that it’s critically important in any business. You need it to keep track of your finances, and you must do it regularly if you’re serious about sustaining your business. However, accounting is not always easy to do. Sometimes, simply gaining access to the software you need […]
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4 Reasons Why Your SME Should Outsource Accounting Services

  • On June 5, 2020
A crucial decision for small business owners is deciding when to outsource their financial processes. They might be able to perform accounting functions for a while, but as the business gets more revenue, they should actively consider getting a small business accountant.  When they’re ready, they can hire someone in-house, but an outsourced accounting service […]
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Covid-19 – Concessions by State governments and Banks

  • On March 24, 2020
This article covers the various concessions and grants initiated by the state governments and some banks in response to the outbreak of Covid-19. Victoria Payroll tax waived: Businesses with annual taxable wages up to $3 million will have their payroll tax for the 2019-20 financial year waived. Eligible businesses must continue to lodge returns but do […]
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Summary of Stimulus packages: COVID-19

  • On March 23, 2020
Over the past six months, Australians has faced devastating natural disasters including drought, fires, floods, and now, the outbreak of coronavirus (COVID-19). Governments, businesses and communities all around the world are facing unprecedented challenges. In the midst of these difficult times and to keep the cash flowing through the economy, the central Government has released […]
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How healthy is your working capital?

  • On March 2, 2020
We all know that cash is king when it comes to business success, but what exactly is ‘working capital’ and how does this financial metric help measure the health of your business? Working capital is made up of the cash and assets that are available in the business to fund your operations and keep you […]
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Get in control of cashflow

  • On February 10, 2020
It’s a well-worn phrase, but cashflow really is the lifeblood of your business. When your cash inflows are greater than your cash outflows, that puts you in a positive cashflow position – giving you the liquid cash needed to trade, improve and grow as a business. But if costs start to outstrip your income, that […]
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Eight Steps to An Effective Dunning Campaign

  • On February 8, 2020
If you sell to customers on credit, you are probably already using dunning letters. These are simple notes that tell a customer “Hey, you’re overdue. Can you please pay us?” You can send a dunning letter via email or as a paper letter. Sounds simple? Actually, no. To write an effective dunning letter requires great […]