#Financial Management
Key dates for Australian SMEs to mark on their financial calendars in 2022
Keep track of these dates and deadlines to help you manage your money better this year.
Managing finances top to bottom is crucial for SMEs
Financial management for small businesses is even more critical than with larger corporations. The sad reality is that smaller companies have less access to lending to provide a rescue plan when the finances aren’t managed properly. This puts smaller operations at greater risk because a few wrong moves in the financial management arena and the […]
Numbers don’t lie: why your SME is faltering
Over the years we’ve heard plenty of grandiose plans for businesses that never eventuate and untold numbers of excuses for not hitting the targets that were bragged about at the start of the year. As accountants, we’re not really interested in all of that, what we’re interested in is the numbers because they tell great […]
Study reveals SMEs spend 10 days per year managing finances
The Commonwealth Bank has introduced a Real-time Alerts feature for their Business Transaction Accounts following a new study that revealed small businesses spend more 10 days a year managing finances. According to the survey of over 500 small business decision makers, 75 per cent of the time spent included tasks such as chasing payments, scheduling […]
The importance of personal financial planning for partnership businesses
Like many interesting learning experiences, they can arise from the most unorthodox of circumstances. The unorthodox setting I was on a chairlift with a newly found ski companion in a relatively unknown corner of Hokkaido. It was snowing heavily. I was the spritely age of 27. My ski companion was in his late 50’s (specific […]
Girls just wanna have funds
VicSuper is shining the spotlight on female financial literacy by launching the Super Woman Money Program.
Depreciation made simple for small business
Depreciation has been made simpler for small business in the 2012-13 income year. There are three primary changes and they may impact your timing of asset purchases.
9 steps to choosing the right accounting system
Remember – time is money! What’s the cost to your business if you have to spend 30 hours a month of your time on your bookkeeping? With this in mind, follow these 9 steps and you’ll be well on track to choosing the right accounting solution for your business.
3 ways to make working capital work for you
There are very few forms of capital in this market, so don’t discount the one that’s right under your nose: your own working capital. Here’s some expert advice for making the most of what’s available to you.
Spring clean your finances in 6 steps
As anyone running a business will know, it’s all too easy to slip into bad habits when it comes to financial management. So, just as you’d spring clean your house, September is also the time to revisit your finances.
Cash flow management frustration felt by SMEs
A recent report commissioned by mobile payment provider Mint Wireless has revealed the frustration currently being felt by small to medium businesses (SMEs) across the country in terms of slow payments, amid a deteriorating economy. The study, which examined the financial management of 1800 Australian SMEs has revealed that almost one in five small businesses […]