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Sophie Andrews

Director at

Member Since February 2013

Warriewood, NSW, 2103

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Accounting
Payroll
Bookkeeping
Business Consulting

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Budgeting and Forecasting

How To Hedge Against Currency Fluctuations

While many may assume that operating a small to medium sized business means that you will mainly be dealing with local and regional customers and suppliers, the ease of buying and selling on the Internet means that this is no longer the case. In order to survive a highly competitive marketplace and challenging economic times, businesses of all sizes are increasingly looking to foreign markets all...

Cashflow Management

Cash Or Crash – The Importance Of Managing Cash Flow

One of the keys to being successful in any business is the ability to properly manage the cash flow.  Every business ultimately relies on cash to pay employees and suppliers in order to provide the goods and services to customers so that it can remain in business. While it’s certainly possible for many businesses to access a line of credit to smooth out any fluctuations in cash flow so they ca...

Budgeting and Forecasting

What To Prepare Before Planning Your Budget

A budget is often overlooked as part of business management yet it has a vital role in your success.  The budget provides a series of performance benchmarks that the operations of the organisation can be measured against.  As a result, key decisions can then be made with the purpose of increasing the profitability of the organisation. Prior to commencing to prepare a budget you should undertake...

Business Finance and Loans

How To Use Your Cashflow To Get Financed

As a small business owner and operator there may be times when you are required to obtain finance. This may be to purchase some additional equipment, undertake some renovations or to even cover short term or seasonal fluctuations in cash flow. Whatever the reasons, having your financial records in order especially your cash flow forecasts, is critical when you are obtaining the finance from the b...

Risk Management

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 accounts. Do not delay in sending out the invoice. Send it immediately after the work has been compl...

Budgeting and Forecasting

How To Hedge Against Currency Fluctuations

While many may assume that operating a small to medium sized business means that you will mainly be dealing with local and regional customers and suppliers, the ease of buying and selling on the Internet means that this is no longer the case. In order to survive a highly competitive marketplace and challenging economic times, businesses of all sizes are increasingly looking to foreign markets all...

Cashflow Management

Cash Or Crash – The Importance Of Managing Cash Flow

One of the keys to being successful in any business is the ability to properly manage the cash flow.  Every business ultimately relies on cash to pay employees and suppliers in order to provide the goods and services to customers so that it can remain in business. While it’s certainly possible for many businesses to access a line of credit to smooth out any fluctuations in cash flow so they ca...

Budgeting and Forecasting

What To Prepare Before Planning Your Budget

A budget is often overlooked as part of business management yet it has a vital role in your success.  The budget provides a series of performance benchmarks that the operations of the organisation can be measured against.  As a result, key decisions can then be made with the purpose of increasing the profitability of the organisation. Prior to commencing to prepare a budget you should undertake...

Business Finance and Loans

How To Use Your Cashflow To Get Financed

As a small business owner and operator there may be times when you are required to obtain finance. This may be to purchase some additional equipment, undertake some renovations or to even cover short term or seasonal fluctuations in cash flow. Whatever the reasons, having your financial records in order especially your cash flow forecasts, is critical when you are obtaining the finance from the b...

Risk Management

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 accounts. Do not delay in sending out the invoice. Send it immediately after the work has been compl...

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