Finance Trending Articles

8 Tips to get paid quickly
Finance

8 Tips to get paid quickly

As a business, it is important to stay on top of its cashflow and one very important aspect is to ensure that its invoices are getting paid in a timely manner by its customers. Here are some tips to get paid on time: 1. Ensure that invoices are sent regularly. You don't need to wait till the end of the month to send the invoice. As soon as the software is sold, job is done, the invoice can be sent. 2. Ensure that the invoice goes the right person. This is particularly important when dealing...

1.43K views

COVID-19 Crisis: A Concise Guide to Available Financial Support for SMEs
Finance

COVID-19 Crisis: A Concise Guide to Available Financial Support for SMEs

Last Updated: 31 March 2020 It would be an understatement to say that small businesses are affected by the Covid-19 pandemic. Day by day, we are seeing many are doing it tough as countries go into lockdowns and businesses are mandated to close, grinding economies to a halt. With unemployment...

1.37K views

2017/18 Budget – In Plain English
Finance

2017/18 Budget – In Plain English

Okay, another year and another budget. My inbox is full of very intelligent people and well-established companies explaining it all in very correct technical and (typically) boring accounting and tax language. Some of it is so complicated even I have a hard time trying to work out what it...

2.5K views

How to Finance a New Business
Finance

How to Finance a New Business

2.85K views

Finance

How To Select The Correct Finance Package For Residential Or Business

Being in the business of providing professional financial and business advice means we come across all types of success and failure cases. Statistically speaking, for every one great financial success story, there are at least 5 financial failure stories. What is hurting is that, every one of these...

1.25K views

Finance

Seven ways to unlock cash flow with better inventory management

Your inventory system is on the top of the range, but what happens if garbage goes on? can you guess? If you have products that haven't been sold for a long time, here's how you can get rid of them wisely. Think about having an exit strategy.  The importance of the fresh set of eyes: calling in...

2.28K views

Why Interest Rates are Low and What to Do About It
Finance

Why Interest Rates are Low and What to Do About It

So interest rates are low again (OK, so the official cash rate of 2.00% has never been this low – but you only have to go back to 2009 to see a bargain basement rate of 3.00%).What does that mean for you and what do you do about it? Well, that depends on which side of the ledger you are looking at it from. Where do you sit? Are you concerned for your financial position when anything falls? Have you borrowed to invest? Are you are an investor who wants or needs a return? If you are looking at...

3.59K views

How to Ensure Your Invoices Get Paid on Time
Finance

How to Ensure Your Invoices Get Paid on Time

Today, I would like to share with you 5 invoicing strategies that will effectively reduce debtors and ensure that your invoices get paid on time. In the minds of many business owners, an invoice is a request for payment. What is seldom considered however, are the most effective ways of using an...

2.15K views

Questions to ask before you consider buying property in a SMSF
Finance

Questions to ask before you consider buying property in a SMSF

I have had a lot of enquiries lately for advice on SMSF loans for property investment and we have run regular educational seminars on the issue for clients and the public. My main observation from the enquiries I have received is that people are jumping on the band wagon without checking if they...

2.09K views

Finance

When Should You Ask For Help With Cash Flow?

At which stage do you accept that without a cash injection your business is probably doomed? Looking at the ABS statistics they show that in any three year period around 42% of registered SME’s fail. So the answer is that we should look for and accept cash and or help a lot sooner! It is very...

3.04K views

The Argument for Positive Gearing
Finance

The Argument for Positive Gearing

Sometimes it’s hard to work out what Australians love more, cricket or property investment. On the face of how much effort goes into property investment and the sacrifices many make to get tax refunds through negative gearing it has to be the latter. The strategy of negative gearing – claiming...

1.53K views

Finance Tips & Advice for Savvy Female Entrepreneurs
Finance

Finance Tips & Advice for Savvy Female Entrepreneurs

1.72K views

Finance

23 Ways to Help You Improve Poor Cash Flow

Positive cash flow is crucial for any business’s financial success. If your cash flow is in a poor condition, your company is in a major trouble. There are a lot of tips and methods on how to improve poor cash flow, and most of them hold good advice in them but are usually incomplete. So, here is...

2.7K views

Finance

Why Your Winning Strategy Needs to Come from Finance

When it comes to making corporate strategy the more informed the board is the better decisions they can make. And when it comes to informing corporate strategy you need robust financial and non-financial information and the evidence shows that tends to come from finance. Evidentiary analysis of...

2.65K views

How Exchange Rate Fluctuations Affect Small Businesses
Finance

How Exchange Rate Fluctuations Affect Small Businesses

In our worldwide economy, there is no one immune from the fluctuations of global markets and currencies. The age old adage ‘When America sneezes, Europe catches a cold’ – signaling that European markets were closely tied and dependent on the US economy is true to some extent today. However, the US is just as susceptible to the knock on effects of financial troubles in Europe, and both are intricately linked to markets in Asia, South America and the rest of the world. As well as impacting on...

1.92K views

Dealing with Problem Debtors
Finance

Dealing with Problem Debtors

Dealing with Problem Debtors Poor debtor management can have a huge impact on your business. If your cash flow is being controlled by your debtors then you need to take back that control. If you are having problems with your debtors here are some strategies that may help to get them to pay their...

1.59K views

How Small Businesses Can Leverage Currency Fluctuations
Finance

How Small Businesses Can Leverage Currency Fluctuations

Both international and local businesses are affected by currency fluctuations, but especially if you trade overseas. So how do you handle changing currency rates and maintain profitability? Opting for long term relationships, being flexible and hedging currency exposure are just a few ways. Keep...

7.58K views

Why cash is more important than profit
Finance

Why cash is more important than profit

2.27K views

Finance

Lack of Cash Flow? – Prepare for a Heart Attack!

When I discuss cash flowDo Things Differently If things are a bit tough, query all expenses. When I have clients who are really struggling, I get them to ask the following two questions when it comes to expenses: Is this expense critical in getting more sales? If it is pay it. If not, ask the...

4.67K views

Finance

Getting an Early Start with Retirement and Estate Planning

As with most things in life the earlier you start something the greater the impact, and planning for your future is no different.  With the majority of people leaving retirement planning until the time children are almost finished school or left home (if they ever do) they often find themselves...

1.37K views

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