Accounting & Bookkeeping

How to Get Paid Faster and Keep Cash Flowing

If you’re running a small business in New Zealand, chances are you’ve felt the sting of late payments. You’re not alone — a recent survey from payment provider GoCardless found that 62% of Kiwi businesses believe they’re losing money to late payments, with some estimating losses of over $10,000 a month. Late payments aren’t just […]

Should you buy or lease your business assets?

There are certain items of equipment, machinery and hardware that are essential to the operation of your business – whether it’s the delivery van you use to run your home-delivery food service, or the high-end digital printer to run your print business. When faced with these decisions, the question of buy vs lease business assets […]

Reducing the uncertainty: performance monitoring and analysis

We’re trading in uncertain times, where changes to the global economy can happen overnight. This creates a real challenge for your small business, making it difficult to plan ahead and understand the short to medium-term future of your financial strategy. But by monitoring and analysing your business data, it is possible to get back in […]

5 signs you’re undercharging

Are you undercharging for your services? It can be hard to tell, particularly if you’re in a niche industry or you’re a contractor. Costs have been rising, so it may be time to rethink your own pricing. Here are five signs that you might be undercharging: – Nobody ever questions your quotes – Do all […]

Don’t end up paying tax on uncollected debtors!

Did you know you still have to pay tax on uncollected debtors? Yep, that’s right! Even if you haven’t received the cash, tax is based on your sales figures, not whether the money’s in your bank account. To help you keep your hard-earned money where it belongs – in your bank – here are some […]

Do you need to improve the cash flow position for your business?

Keeping on top of the financial management of your business can be hard work. It’s possible to have a profitable business that is struggling to find the cash flow to pay expenses and fund growth. Likewise, you could have positive cash flow but are not turning a profit, particularly if you are scaling. Turning a […]