#Cashflow Management
Australian SMEs still suffering; says broker community
The people that small business owners turn to for independent advice believe that cashflow management and access to finance are only getting harder for SME businesses. A recent poll of the finance broker community, commissioned by Apricity Finance, has demonstrated that the key challenge of cashflow continues to drive the demand for small business finance […]
Six hidden cashflow traps for growing businesses
It’s an unfortunate fact that many otherwise promising businesses fail in the early stages due to cashflow problems. When it comes down to it, cashflow is mainly about people and systems – get those two elements right, and your business could be on track for a much smoother ride.
Six ways your company is leaking money
Small decisions can leave you stuck with big ongoing costs. Use this checklist to tighten up your budget.
Switching to a better deal in the new financial year
For businesses, the new financial year can be the natural time to review services, service providers and systems and processes. We asked a variety of experts for their advice for making the right switch in the 2012/13 financial year.
What credit card reforms will mean for your cashflow
The laws around how credit cards work have changed. As of 1 July, amendments were made to an important bill – welcome changes for small business owners who are struggling to keep on top of their credit card debt. Here’s a look at what they will mean for your cashflow.
Bring home Gold for your business: Three financial success factors
Winning Gold at the Olympics requires strategy, a strong mindset and determination – much like succeeding in business. If you want your business to do better over the next financial year, here’s a guide to the key financial success factors you’ll need to focus on.
Get your cashflow under control: Five tips
No matter what type of business you run or what stage of its life cycle you’re working through, the biggest issue that plagues SMBs is cashflow, cashflow and more cashflow. Here’s some expert advice for getting this vital aspect of your business under control.
Cashflow still a major headache for SMBs
Australia’s small businesses are being placed under increasing pressure as a result of deteriorating global economic conditions and a continued lack of funding. But there are things you can do to help yourself.
Five tips for avoiding bad credit
After focusing on getting yourself up and running, looking at sales and working on the front end, it’s likely your administration and accounting practices have been left somewhat forgotten. With more customers defaulting on payments, now more than ever is the time to get your business’ accounting practices into shape.
Simple strategies to get paid quicker
It’s only logical to want to be paid for the work you complete as quickly as possible, but this just isn’t always the way it happens. Here are four simple strategies to shorten the length of time between completing a job and getting paid.
Three credit management best practices to help protect cashflow
A great deal of the literature around credit focuses on helping struggling debtors, so as businesses and creditors we often forget that giving credit where it isn’t due is an early part of the problem. Here’s three credit management best practices every business can follow to protect cashflow.
Cashflow shortages threatening SMBs future, report finds
Cashflow shortages, interest rates hikes and increasing global economic concerns are all threatening the livelihood of local SMBs, a new survey has found.
Businesses turn to debtor finance as cashflow pressures bite
The latest industry statistics show high wage costs, a strong dollar and interest rate pressures are causing Australian businesses to turn to debtor finance to ease cashflow problems.
Don’t lay off staff, implement strategies to improve business performance
Business owners must be strategic when it comes to altering their staffing structure in response to market uncertainty, with experts warning a balanced approach to scaling back jobs is better for business in the long-term. Here’s the strategies you need to know.
Managing cashflow in shaky economic times
Brad Callaughan delivers 5 tips to ensure your cashflow is well-managed in difficult economic times. “You need to understand the significance of cashflow and how it keeps your operation afloat – it’s a potentially fatal mistake to focus on your profit & loss because healthy profits can mask an impending cashflow crisis.”
CashBook Online launches for use by micro-businesses and soletraders
Reckon Limited has made its latest software, CashBook Online, available, enabling business owners to record income and expenses, reconcile bank accounts, prepare GST returns and manage cash flow at any time.