Top Five Rules To Keep The Cash Flowing In Your Business
With up to 50 percent of new Kiwi small businesses failing in the first five years, finding ways to keep the cash flowing is critical, especially in those early days. If all customers paid their bills on time and your business never bought any stock without selling it quickly, then everything would be fine and dandy. Sadly though, it’s never as straightforward as that. Especially if you’re a B2B company, customers can and do take several weeks to clear invoices.
Why Your Small Business Needs an Accountant
As a small business owner you will be used to doing lots and lots and lots of tasks for your business. You are often the CEO, the financial controller, the head of operations, the warehouse manager, the receptionist, the delivery driver, the cleaner and every other role that is needed to keep a business running smoothly. But there are some tasks that are best left to the specialists. Finances are one of those tasks. If you get them wrong, you can land you and your business in hot water.
Support For Small Businesses: When To Use An Accountant
For most small business owners there simply aren’t enough hours in the day to complete all the tasks that you need to. And with so many competing demands on your time, it’s important to know when to enlist help to get you through the various stages during the growth of your business. While it’s likely that you will have already engaged an accountant to help with filing your tax returns, did you realise…
5 Reasons Why Your Business Needs Bookkeeping
Being a business owner means doing many jobs to keep your business running smoothly. Yes, there are the tasks you went into business for, to share your products or services with your customers, to develop new programs, and to spread the word about your purpose. But I bet you didn’t expect all the other jobs that came along with it. The invoicing, the bank reconciliations, chasing payments, and reporting.
6 Ways To Keep The Cash Pumping Through Your Business
Cash is the lifeblood of any business so finding ways to keep the cash pumping through your company is essential. In this article we share six tips as to how you can ensure your business doesn’t run out of the green stuff. Keep some cash in reserve. It’s sensible to always keep some cash in reserve to cover
How To Keep The Cash Flowing In Your Business
Cash flow is the lifeblood of any business. Without it, you can’t pay your bills, buy stock or raw materials or even give yourself or your employees a wage. In this article, we look at four factors that can have an impact on your cash flow. You’ll need to get on top of these critical areas to keep the cash flowing in your business. Provisional tax: The amount of provisional tax you pay is based on your expected profits.
Financial Accounting & Why It’s Important
In essence, financial accounting is the recording, summarising and reporting of the great many financial transactions that go on within a business over a period of time. These transactions are put together in three key statements: balance sheet, income statement and cash flow statement. Taken together these statements tell the story of the company’s overall performance over that period of time
Accountants: The Best Friend Of Any Small Business
According to a new report from the International Federation of Accountants (IFAC), accountants are the most trusted advisers for small businesses. In fact, most small businesses have developed long relationships with their accountants, built up on a foundation of trust and communication. In this article we look in detail at that most important relationship for small business owners.
How To Become An Interesting Accountant
You all know the scenario well. You’re at a party and enjoying some light conversation with a couple of other guests when one of them turns to you and asks, ‘What do you do for a living?’ Immediately your heart starts beating faster and your hands start shaking. You’ve been here before and you know what’s going to happen next. ‘I’m an accountant’ you say with as much nonchalance as you can muster.