There’s a historical stigma about the bookkeeper as some kind of bean counter, but thinking like this may cause you to miss out on the best value information you can glean from your business finances at a very important time of year.
The new financial year is a great checkpoint to review your business health and ask some simple, but important questions. Are you winning? Are you making money? Should you carry on, change tack or close up shop?
It happens to everyone; you start a solid business and initially growth is solid. But after that first rush things begin to slow down. How you react to a slow down in business growth may determine your long term viability.
Right before the year’s end, news broke that one of Australia’s biggest software application development companies, Appster, had gone into voluntary liquidation and its demise holds several important lessons for aspiring tech entrepreneurs.
When hunting for ways to free up working capital, the company board often looks to the accounts receivable department to collect money faster. But how can the accounts team shine if their processes are stuck in the dark ages?
Does your business experience a profit boost in December and a cash flow crunch early in the new year? Here are four lessons about cash flow.
With lots on your plate as a tradie, like quoting for clients, completing jobs, buying supplies, and trying to handle marketing and accounting tasks, working life can be incredibly overwhelming.
Reaching the end of your first year in business you may think the hard work is done – but in a lot of ways it’s just beginning. Now it’s time to take stock, learn and plan for whatever comes next.
We’ll take you through what invoicing is, why it’s important and what you should include in an invoice in the time it takes to pack a sports bag.