Cash is one of the four key areas of small business. Posts in this category focus on how to take control of the cash flowing in and out of business.
Did you know that a supplier must give you an ABN and if they don’t then you must withhold PAYG at 47%? That brings us to the big question … How often do you check the ABN records of suppliers? When was the last time you checked that the ABN your supplier gave you was … Read more
Welcome to the final blog in our Cash Flow Series. In this post, we’ll explore Tip #14: Alternative Funding or Finance. As we conclude the series, we’ll delve into various types of funding and financing options that can have a high impact on money inflow. It’s essential to understand the distinctions between reliable and unreliable … Read more
Welcome to our latest blog post in the Cash Flow Series. Today, we’ll discuss the importance of managing debt in your business. From a cash flow perspective, excessive debt can be detrimental, eating into profits and limiting your ability to invest in growth opportunities or achieve personal financial goals. It’s crucial to adopt a proactive … Read more
Welcome back to our Cash Flow Series, where we provide valuable insights and strategies to optimise your business’s cash flow. In this blog post, we’ll focus on Tip #12: Payroll. Payroll encompasses the money and entitlements you pay to your employees, including wages, taxes, superannuation, and workers’ compensation. Managing payroll is a critical aspect of … Read more
Welcome to the next instalment of our Cash Flow Series, where we provide insights and strategies to optimise your business’s cash flow. In this blog post, we’ll focus on Tip #11: Accounts Payable. Accounts payable refers to the money you owe to suppliers or creditors, forming a part of your current liabilities. Effectively managing accounts … Read more
Welcome to the next instalment of our Cash Flow Series, where we provide insights and strategies to optimise your business’s cash flow. In this blog post, we’ll focus on Tip #10: Work in Progress (WIP). WIP represents the money invested in partially completed jobs or projects. Efficient management of WIP is crucial for maximising cash … Read more
Welcome back to our Cash Flow Series, where we provide valuable insights and strategies to optimise your business’s cash flow. In this blog post, we’ll focus on Tip #9: Inventory. Efficiently managing your inventory is vital for maintaining a healthy cash flow. We’ll explore the different aspects of inventory, the impact of inventory management on … Read more
Welcome back to our Cash Flow Series, where we provide insights and strategies to optimise your business’s cash flow. In this blog post, we’ll focus on Tip #8: Collect Your Cash. Efficiently managing your cash collections is vital for maintaining a healthy cash flow. We’ll explore the importance of considering how you handle the money … Read more
Welcome to our Cash Flow Series, where we provide valuable insights and strategies to optimize your business’s cash flow. In this blog post, we’ll focus on Tip #7: Debtors, also known as accounts receivable. Effectively managing your debtors is crucial for maintaining a healthy cash flow. We’ll explore the importance of converting promises to pay … Read more
Welcome back to our Cash Flow Series, where we provide insights and strategies to optimise your business’s cash flow. In this blog post, we’ll focus on Tip #6: Operating Costs. Operating costs, also known as fixed costs, are the expenses required to keep your business running. Effective management of these costs is vital for maintaining … Read more
CONNECT
© 2024 The Bee Group Accountants. | Privacy Policy | Terms & Conditions