Accurate bookkeeping is crucial for any small business owner. It helps businesses keep track of their financial transactions, monitor their cash flow, and ensure compliance with Govt laws and regulations. One of the primary reasons accurate bookkeeping is essential for any businesses is that it provides a clear picture of the company’s financial health. By…
Most business owners have a wide range of skills that they put to use to grow and maintain the strength and profitability of their companies. However, unless you own a bookkeeping business it’s unlikely that bookkeeping is one of those skills. If you’re a great Electrician you went into business because you’re a great Electrician…
Cashflow is the lifeline of any business, but especially so for small businesses. Cashflow will keep your business afloat, and it will allow for growth. Unfortunately, not all businesses owners have a full understanding of their cashflow until it is too late, and they find themselves in a position where they no longer have the…
Cashflow is such an integral part of every business, so why is it that none of us know exactly what it is and why it is so important? We like to think of cashflow as the vital nutrition for our business to survive. Much like the body needs nutrition, your business needs cash to survive.…
Understanding and managing your cashflow can make or break your business. Recent figures released by Xero reveal that New Zealand small businesses are collectively owed about $7.4 billion in overdue payments on any given day. Your portion of that will be very small but when it comes to running a successful business cash is king…
Everybody hates credit control. It is that one job that is super important, nobody wants to do it and it always gets put off until another day. But, cashflow issues are the biggest killer in any small business so keeping your credit control under control and up to date is vital. Here’s our top tips…
End of Financial Year is fast approaching – it is always the right time to be chasing up those outstanding invoices but now, especially important if there is any chance you need to write any invoices off. These need to be done before 31 March 19 (assuming your EOFY is March). Did you know Xero…
How To Deal With Debtors & Creditors For any business, good cash flow is essential to success. In an ideal world, you’ll get paid as soon as you send that invoice, and you’ll always have enough money to pay for the services your business uses as well. However, in the real world, this is not…