Do you want to know how to achieve this? Take the following steps: Phone your bank and ask the following: ” Please can you decrease my interest rate?” If they ask you why, tell them you have been a customer for a long time and you don’t want to move banks. Then wait for their reply. Forget about the most recent reductions they have already applied as a result of…
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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…
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…
Cash Flow, Small Business, Xero
Hello from Accolade Accounting, the small business accounting experts in Perth and also the experts in working with Xero. Let’s continue to look at another fantastic feature of Xero that provides additional efficiency to the accounting and small business world. In the times of BC X (Before Cloud Xero), it was very difficult for the business owner to compile an accurate cash flow in real time. There was just so…