As a small business owner you would understand the accumulative effect of every dollar. If your business were to save $5 each working day (assuming you work 250 days a year), it will have saved $1,250 – enough for a new laptop.
Krispy Kreme Doughnuts has entered voluntary administration, with the Australian arm of the American doughnut giant placed into the hands of Sydney accounting firm Smith Hancock.
I have been asked by a Dynamic Business reader (thanks to @djcoombes74) to discuss the costs associated with debt recovery. The collection of debt is an important topic for businesses and an area that is often poorly managed.
Australian businesses are taking longer to pay their bills, with business-to-business payment terms worsening in the September quarter compared to this time last year.
Telstra will give customers online self-service options for bills and payments, rather than require over the phone or in person payments as the telco moves to improve its public image.
Financial safety nets like bank overdrafts and spot factoring can assist Australian businesses in avoiding cashflow shortages.
It’s been a busy few weeks in the Azure Group offices. Unusual for most accountants, but for us, it’s a time when our tax team and accounts teams combine to work on reconciling our client’s accounts, record year-end tax journals as well as collecting and collating compliance files for our clients.
National Australia Bank’s (NAB) SME Quarterly Survey (June 2010) found that business conditions, profit growth and the cash flow position of Australia’s small to medium-sized enterprises deteriorated for the second consecutive quarter in June.
MYOB, has released its latest online accounting software solution, MYOB LiveAccounts, for Australian businesses that need to raise invoices, track expenses and manage income.
The other day I was asked why some small businesses fail and others succeed and it got me thinking about the defining characteristics of Australian small businesses.
