Cashflow

Newcomer bad debt registry CreditorWatch has secured a lucrative contract with ASIC to make corporate information more accessible and affordable for SMEs with
the launch today of its new product CreditorWatch Express.

Business owners often find themselves drowning in paperwork and tax time just adds to the burden. There’s always so much to consider including what you’re eligible to claim and ways to maximise your business’ end of year profits.

In our personal lives, we are increasingly cutting the manual element of day-to-day processes and moving towards quick, online transactions. Shopping, banking and paying bills can all be done with a click of the mouse and without ever having to leave home. The same can be said in the workplace where manual processes, that can often take huge amounts of time and money, are becoming automated.

‘Hot desking’ or office sharing has become the hot thing for small businesses in Australia, but Specialist recruitment consultancy, Kelly Executive, warns employers to consider both the positive and negative impacts before making such a chang

Australia’s stronger economy is encouraging small business growth. While it’s an exciting time for many SMEs, expansion brings with it higher costs.

Greg Charlwood, Managing Director of Bibby Financial Services, outlines how business owners can review their financial position over the Easter break, to ensure they can comfortably cope with the added cash flow needs that accompany growth.

The new Caltex StarCard Debit has everything you expect from a regular fuel card, without the risk of spending over your monthly budget. It’s the first prepaid fuel card in the market and offers businesses an alternative to credit-oriented fuel cards.

2011 has been a year of natural disasters and bringing a business back from the devastation of an unforeseen event isn’t easy. Follow these tips to help rebuild your business or to better prepare for the worst happening to you.

Managing cash flow is one of the greatest challenges faced by rapidly growing businesses and without proper management, poor cash flow can stunt, or even end your growth before it’s reached its potential.

Businesses recovering from floods in Queensland and Victoria need to beware of the risks of growing too fast, according to Michael Fingland, managing director of business turnaround specialist Vantage Performance.

Figures recently released by National Credit Insurance (Brokers) showed that the number of bad debt claims in February 2011 is almost 80% higher than claims for the previous month. The spike has caused cash flow finance specialist Oxford Funding to warn businesses to keep an eye on their debtors.

He rose to fame as the face of Wizard Home Loans and more recently as star of reality TV show The Apprentice. He spoke to editor Jen Bishop.

Do you know what banks look for when you apply for a loan? Is it your turnover, your profitability, your growth projections, your cashflow or just the value of the security you can offer? And if a bank says no, what can you do?

In Australia approximately 96 percent of businesses are “small”, so it seems odd that the banks prefer to lend for mortgages than business growth. Senior NAB executive Joseph Healy shared his views about how banks think and why small businesses struggle to get their help.

The bank wars have just begun and small business owners may find themselves in the unusual position of having a whole lot more bargaining power than you might otherwise think.

Small businesses are often burned by bad debtors because they haven’t put in place solid workable credit practices to evaluate those they do business with. We asked Veda Advantage to provide ten top tips to help small businesses adopt and implement best practice credit practices.

So what strategies can you implement now to help the business in the future? How do you improve your position now?

Did you know, that by switching from Arial font to Century Gothic, you require around 30% less printer toner?

Veda Advantage’s Business Credit Demand Index, released today, shows demand for business credit among small business is down 7.3 percent in the December quarter over 2009.

The National Institute of Accountants (NIA) today announced the appointment of Joanne Parker as General Manager of NIA’s New South Wales divisional office.

EFTPOS transactions continue to surge in Australia, with one billion transactions processed in the six months to the 31st of December 2010.