Effective management of working capital is crucial to the health of any business. Michael Sutherland examines the factors involved in achieving the right working capital balance. When was the last time you looked at the cost of doing business, calculating the working capital your business needs to break even? Taking the time to conduct […]
Employee leave is an inevitable part of business life that can prove costly if employers are disorganised. Rebecca Spicer takes notes from H.R. experts who believe there is more to planning leave than making dates on a calendar. As a business owner, taking leave is often a luxury and one taken at your discretion. When […]
Fraud is expensive, and can ruin a business. Matthew Gardiner looks at the danger areas, examines the case of a trusted employee milking a small business of thousands, and outlines checking systems that can be put in place to protect a business. All businesses, large and small, run the risk of losing both revenue and […]
Easing the Burden on Hospitality A new simplified accounting method (SAM) has been introduced to help those in the restaurant and catering industry meet their GST obligations. The new method will mean businesses such as restaurants, cafes and caterers with an annual turnover of up to $2 million will now have the option of using […]
Fraud is expensive, and can ruin a business – Matthew Gardiner looks at the danger areas, examines the case of a trusted employee milking a small business of thousands, and outlines checking systems that can be put in place to protect a business. All businesses, large and small, run the risk of losing both revenue and […]
Welcome to the first of a series of cash flow columns where we introduce you to various products and techniques to manage your company’s cash flow. Here’s a checklist looking at the steps all businesses can take to better manage, and control, your cash flow. If you’ve done the hard work and billed your client, […]
The entrepreneurial spirit of a small business owner can sometimes be at odds with rigorous business systems – Domini Stuart looks at various models to find out how business systems can enhance operations but still allow the business to change and evolve. Have you ever wondered about the fundamental difference between McDonald’s and your local hotel? […]
Fleet management is a blend of maths and magic. Liz Swanton finds the delicate balance of practicality and prediction is becoming more acute in a climate of rising petrol prices. On the plus side, there are more options for tailoring management solutions for fleets, from one car to hundreds. That bumper sticker, ‘I own the […]
