Tag: Cashflow

If you’re in the retail sector, it might be your busiest time of year. But for other sectors, the Christmas holiday period can be quiet. So how do you keep an eye on your cash flow?

Depreciation has been made simpler for small business in the 2012-13 income year. There are three primary changes and they may impact your timing of asset purchases.

It’s necessary to spend carefully when your business is still young, but you also need to remember that it’s not about being penny-pinching, but being savvy about the way you spend money to help your business grow.

You might have thousands of dollars in unused equipment lying around your office. Here’s how to turn it into cold hard cash.

The Federal Treasurer has released the Mid-Year Economic and Fiscal Outlook (MYEFO) for 2012-2013, and it won’t come as any great surprise to SME owners that the economy, whilst not going backwards, is certainly not moving forwards as swiftly as the Treasurer would like. Here’s how the MYEFO announcement will impact small businesses over the foreseeable future.

The results of the Credit and Debt Survey are in. Run by Dynamic Business in tandem with CreditorWatch, the survey found two thirds of businesses have seen a rise in the time it takes them to be paid over the last year.

Late payment is becoming an epidemic that is threatening the future of many small and medium sized organisations Australia wide. Australia often sees itself as an egalitarian society, the land of the fair go – well where is the fairness in not paying supplier invoices in a timely manner!

One of the biggest decisions any small business owner faces is choosing which institution will handle their business banking requirements. If you’re struggling to make this decision, consider these 8 important aspects.

Months of economic turmoil for the global economy has led to instability, which particularly affects cross-border business. While larger businesses are often set up to deal with this volatility, a process called hedging provides an opportunity for SMEs to do the same and maximise profits and revenue, minimise costs, and stay competitive.

Remember – time is money! What’s the cost to your business if you have to spend 30 hours a month of your time on your bookkeeping? With this in mind, follow these 9 steps and you’ll be well on track to choosing the right accounting solution for your business.