As much as we hate to admit it, the best business owners and executives can drop the ball on occasion. This is particularly true of the little things, which can be easily overlooked. When it comes to keeping track of business expenses, even the most attentive and mindful can fall behind. Physical receipts and invoices […]
Archive | accounting
4 Apps to Get Clients to Pay Their Bills (So You Can Pay Yours)
Debtors and late-payers—the bane of every business owner. No matter how profitable your business is, it won’t survive without good cash flow. If you can’t pay your bills on time, you may end up trading while insolvent. And that’s not just bad business—that’s illegal. But to do that, you need your clients to pay their […]
The 9 Key Steps to Set Up Your SMSF Correctly
Are you worried that your hard-earned money is not working hard enough for you? That your dream of your golden years spent on the golf course or with loved ones on the beach is fading fast? Think you can do a better job yourself – by managing your own super? You may be right. A […]
7 Tips for Buying Property With Your Superannuation
Unless more Australians start making smarter superannuation and investment decisions, many won’t have enough to retire when they imagine or live the type of lifestyle they expected. The Ready to Retire study from 2017 found that the average Australian worker currently has around $200,000 less than they will need to live comfortably. A lowly 22 percent believe […]
Small Business Owners – Replace Hoping for Leads With Marketing Strategies to Generate Them
“I get all my business from word-of-mouth marketing.” “I’m a referral business.” “I don’t have the budget for marketing.” “I’m just too busy to market my business!” If you find yourself saying any of the above, it’s likely that you experience considerable peaks and troughs in your small business. Why? Because it means that you […]
Business Owners: Are You Missing This Simple Growth Strategy?
How highly do you value leads in your business? For any small or medium business, leads should be the most highly prized currency — to be consistently sought and converted. Without a steady flow of new opportunities, how do you grow? How do you take things to the next level? How do you prepare for […]
Business Owners – Could This Disaster Recovery Strategy Help Save Your Business?
Disasters. They happen. In personal lives, and in business. That’s not being negative, that’s being real. Every day disasters affect families and businesses somewhere in the world, but it always seems to happen to someone else, doesn’t it? Touch wood. Then every once in a while something happens a bit closer to home—a disaster hits […]
5 Xero Apps That Solve Your Roster, Timesheet & Payroll Problems
Still using spreadsheets for rosters, timesheets, and payroll? The administrative load involved in efficiently rostering staff, preparing accurate timesheets, and ensuring that everyone is paid correctly can be a huge burden on a small business – especially if you are doing it all manually. If your business involves shift work or hourly work in hospitality, […]
4 Signs You Need a Financial Planner
It’s often said that many couples spend more time planning their wedding than they do planning their financial future. Wealth and financial independence obviously don’t happen by accident, but they do happen with planning, discipline, systems and support. And that’s why financial planning is so important. What is financial planning? Financial planning is the process […]
Small Business, Big Decisions: Why Savvy Business Owners ‘Rent’ CFO-Level Experience
Larger businesses have a Chief Financial Officer (CFO) on staff. But what can small- and medium-sized businesses do in this regard? Clearly, larger businesses can afford an in-house CFO. But it goes beyond an affordability issue: Large, successful businesses also understand how crucial the CFO role is to their business performance. 7 things a CFO […]