Tag: Cashflow

Risk management and good credit management are key to keeping a business healthy. Before signing up new creditors, every business should follow the five C’s of credit checklist.

Business credit cards have their benefits, but it’s good to know their downsides as well.

Putting systems in place to ensure data is captured and accurately categorised for FBT purposes throughout the year could save you and your accountant a big chunk of time and effort at the end of March. Here’s some expert advice to get you on the right track.

eProcurement has been talked about since early 2000 in Australia, although only a small number of switched on organisations have really embraced the benefits. Here’s a look at what eProcurement could do for your business’ bottom line.

The number of small businesses going bankrupt jumped almost 50 percent over the last 12 months, and poor cashflow management is being blamed for the alarming figures.

How do you spur yourself on in your business? Do you set bold goals, targets or forecasting? Or are you simply winging it? By setting annual, monthly and weekly revenue and profit targets you might be surprised by how quickly you can improve your financial mindset.

This year is shaping up as yet another difficult one for SMBs, but there are a few easy ways to stay ahead of the game and avoid the roads that lead to insolvency.

2012 has kicked off the same as most New Years’ do – with plenty of talk about setting goals and getting various aspects of your business in order. The trouble most people face is knowing where to start, so Brad Callaughan has put together six easy ways to get the 2012 year off on the right financial foot.

Now’s the time for SMBs to reflect on the year gone and plan for the one ahead, and accounting expert John Corias suggests owners focus on five key areas when making plans for the next 12 months.

Electricity prices are only going to continue to climb this year, which is why Rhys Clay says it’s time businesses act against power expenses now.

“Some businesses may be able to significantly reduce their electricity bill by directly negotiating an open-contract for electricity supply.”