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Reduce your Cash Flow pain by getting Invoices paid quickly

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…

Which way does your Cash Flow?

  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…

Why do You need a Business Accountant

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,…

Preparing for Income Tax Returns

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…