Tag: Cashflow

Debt collection agency Collection House haave announced a 21 percent higher net profit for the last financial year as calls for debt collection post-GFC soar.

The Senate inquiry into the ability of SMEs to access finance began this week after an increasing number of small businesses have complained about the lack of access to financing.

It seems like a simple premise – make sure you have cash in your business to keep you going in the tough times, or when you have big expenses like tax going out.  Having simple forward looking cashflow measures in your business is like having a fuel gauge in your car.  But for around 50% […]

The Federal Governent has announced it will withdraw its guarantee of bank deposits, instituted during the global financial crisis to prevent investors’ money from being wiped out in the recession. The nation’s top finance regulators—including the Reserve Bank and the Australian Prudential Regulation Authority—advised the treasurer, Wayne Swan, over the weekend that bank funding conditions […]

The heavy discounting offered over the Christmas period will continue into the new year but isn’t expected to eat into the retailer’s margins, said Myer chief executive officer Bernie Brookes. Brookes said Myer’s sales for the month of December were dragged down by the electrical and entertainment goods categories. Those categories had received a boost […]

Steady cashflow is very important for a small business attempting to grow. So who has it, and how do you get it? The answers will vary considerably depending on a number of factors including the stage of growth, how much funding is required and how well the business is structured. Throughout the business lifecycle: concept, […]

2008 was a horror one financially for most of us.  Alot of people have asked me for a few ideas for creating their own list of New Year’s resolutions to help put their finances in better shape in 2009. With the Christmas cheer gone, now is the best time to get serious about your finances.  […]

Invest your latent cash in a high interest account; you’ll be surprised at the difference even a couple of weeks makes compared with an ordinary transaction account. Most banks have a no fee, high interest online account that will allow you to transfer money to your transaction account, which means your cash is still accessible […]

The Dynamic Business panel of leading Australian business experts share their advice on how SMEs can survive in the face of a tight credit market. MATTHEW NOLAN, MD, PROVIDENT CASHFLOW With additional working capital harder to secure, it’s crucial to get every dollar in your business working harder. Use these tips to squeeze the most […]

Try the following debtor management tips, from Dun & Bradstreet, to ease your cash flow: *Set clear policies at the outset of a credit agreement. *Get a signed contract. *Always conduct a credit check prior to the extension of credit. *Issue invoices promptly. *Monitor your accounts receivable on an ongoing basis. *Gradually escalate pressure on […]