#smallbusinessnz

Know Your Numbers – Your Balance Sheet

Knowing your numbers is vital to business success. The Balance Sheet is arguably the most important report, as it measures whether your business’s worth is increasing or decreasing. It illustrates the overall financial health of your business; whether it is funded appropriately, if there’s enough cash to pay the bills, and what the owners would […]

Know Your Numbers – Your Trading Account

Your financial reports depict the general health of your business and having a good understanding of these reports enables you to pinpoint areas that require a more detailed diagnosis. The three most important financial reports for your business are: – Your Trading Account. – Your Profit and Loss. – Your Balance Sheet. Let’s focus on […]

Tax and cash flow planning: Your blueprint for a strong 2025

A new tax year is a chance to strengthen your financial foundation and optimise cash flow. Smart planning now can set your business up for long-term success. 1. Get Tax-Ready is one of the smartest ways to strengthen your financial foundation for the year ahead. Assess your tax situation. Check for upcoming tax liabilities and savings […]

Business tips: Have you achieved your goal for the business?

Founding, managing and growing a business is a BIG commitment. For most business owners, it will take years to build a customer following, turn a profit and create a truly scalable business. It’s a journey that can sometimes be pressurised, stressful and risky. – But when your plan really does come together, there is the […]

The Fundamentals of a Business Budget

A business budget is one of the essential tools in managing your business finances and actively building your business. A budget shows what you plan to do with your cash over the next year. For a complete picture of your business health, you need to review the profit and loss statement, the balance sheet, the […]

Setting and tracking financial goals for small business success

Setting financial goals for your business may be one of your most important responsibilities as a leader and business owner. Your financial goals serve as far more than wishful projections, they form the backbone of your road map for success, internal and external. Financial goals are something that every single business should possess regardless of […]