#cashflowmanagement

Service-based, wholesale, or manufacturing businesses can face declines in orders just when holiday pay, bonuses, and annual shutdowns see expenses rise. Worried about the summer squeeze? Try these. 1. Forecast to February Projecting your income and expenses well into the new year helps you spot potential shortfalls and take action before they become problems. 2. […]

Holiday cash flow for your small business

Are you heading away for a break from the business this year? This time of year can be hard on small business. Your expenses continue and your cashflow can suffer when your debtors go on holiday. Leading up to the holiday period, is your business cash flow in good health to carry you through? With […]

How an accountant supports your business: 5 key areas of focus

Your accountant just does your annual accounts and tax return, right? Wrong! A good accountant is in touch with you and your business throughout the financial year, checking in, finding out where they can help and offering solid, practical advice. Here are five areas of your financial management where talking regularly to your accountant is […]

Slow Payers Cost You Real Money

You already know you need to get your debtors to pay. But do you really understand the true impact of slow payers on your cashflow, your time, and your stress levels? When you don’t have a realistic picture of the cost of late payment, it’s easy for ineffective debtor-management practices to creep in. Before you […]

5 challenges for small business – and how to beat them!

Starting, building and growing your own small business is a hugely rewarding experience for many entrepreneurs. But the road ahead isn’t always smooth. There are common challenges that crop up and ongoing issues that need to be factored into your business plan, your strategy and your own personal thinking. So, what can you do to […]

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 […]