Cash Flow, Small Business, Xero
Think of the amount of time you spend on collecting your invoices. What a waste of productive time! You have provided your client with work timeously so why should you wait for payment beyond your agreed terms? Below are some tips that will help you collect your invoices quickly. Agree on the value of the invoice and the payment terms with your customer before you commence the work. This will…
Cash flow is the movement of money IN and OUT of your business just like the oxygen you breath. It is critical to the health and survival of your business that your Cash IN exceeds your Cash OUT. Unfortunately for most businesses this is not the case as evidenced by the report issued by the Australian Securities Commission in 2015. It reported that the most common cause of business…
Accountants are useful for different things at different levels of business growth. They are capable of handling a lot more than critical tax returns and payroll computation. If you want to build a perfect business, you will require the assistance of a skilled accountant. It is quite interesting to note that finances can become complicated in no time. As your business grows from a few clients to hundreds of clients,…
A lot of people wonder whether they should hire a small business accountant in Perth. It should be noted that Accountants tend to play an important role in many stages of business-oriented growth. They do much more than managing tax returns and payroll. If you want to kick start into a new business venture, there are several reasons to hire an accountant. According to experienced business owners, there are many…
Tax time can be stressful, but if you take the time to prepare, have a good financial controller, thorough bookkeeping and a reliable accountant then there is no reason why it won’t be smooth sailing. When preparing to visit their tax accountant at tax time, clients often wonder what documents are important to bring with them. A good way to prepare for your accountant visit is to review your previous…
A Perth financial controller is the head accountant in large organisations. Depending on the size of the organisation, the financial controller will either be employed directly for the organisation or outsourced to an accountant firm such as ourselves. The outsourcing option will dramatically reduce your costs. The role can vary from being a financial visionary to working hands on in management. Accounting: Perth financial controllers need to have the skills…