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 […]
There is a collective shudder throughout the nation any time fuel prices are mentioned. But don’t be so glum, it’s good news this time. Fuel tax credits have been expanded, so it’s no longer just fuel used in heavy vehicles that can be claimed. Whether you’re using fuel in your whipper snipper or chainsaw, your […]
Is tax time a dreaded chore? A combination of annual accounts and audit fears? Mark Muller and Peter Bembrick look at how you can maximise the time and effort spent on preparing annual accounts and becoming audit ready by turning this into a valuable activity for improving your business. While not all businesses need to […]
Improving your finances is about more than just getting more clients or more sales across the line. In some cases, growth can actually elicit problems in the business, especially if cash flow management isn’t regulated. Christine Christian takes us through simple steps to help manage cash flow and mitigate risk. Cash flow is the lifeblood […]
Foreign exchange can easily turn into a nightmare for exporters. Cameron Cooper looks at foreign exchange management options for riding the highs and lows of currency fluctuation. Our national pride rises and falls with the fortunes of the Australian dollar. Think back to 2000, when the little Aussie battler got the staggers, hovering around a […]
Small businesses are set to benefit from wide-ranging changes to tax concessions. The changes are a boon for small business, says Mark Morris, CPA Australia’s senior tax counsel. “Small businesses can obtain significant benefits by being able to write off any depreciating assets costing less than $1,000, and by pooling assets over $1,000 and depreciating […]
The government’s Australian Transaction Reports and Analysis Centre (AUSTRAC) recently signed the financial intelligence units of the Czech Republic, Germany, Mexico, and St Kitts and Nevis to memoranda of understanding (MOU), allowing access to financial information for Australian law enforcement and other relevant government agencies. The MOU will assist in the detection and prosecution of […]
Payment gaps in the export process can cause havoc with an exporter’s cash flow. Peter Mace examines solutions to help you better manage your export cash flow. There are many challenges for exporters, from finding a buyer and finalising a contract, through to organising a shipment and getting paid for it. Many of these steps […]
If you don’t plan your budget, how will you know what sort of finance you need, how much and when? Dennis Mattiske looks at ways of integrating finance planning, reporting, analysis and adjustment to smooth the way from start-up to expansion. As all of our young guns can tell you, starting up a business is […]
In theory, cash flow management is simple. Enough money must come into a business in time to pay bills and fund development of more products or services. But many business owners allow a chink to develop in their cash flow plan, and if the chink becomes a gulf it can be fatal. Rob Dalton offers […]
