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Cash Flow, Small Business, Xero

Do you want to be paid faster?

Cash Flow Accountants

Did you know, that the latest Xero statistics show that a business who has online payment options attached to their sales invoices, collects their invoices 55% faster than without these services. Who doesn’t want to collect invoices faster? It is a no-brainer! There are a few systems out there that can assist with your collections, but below are two of our favourites.We strongly suggest you implement these. Enable your customers…

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small business accountant

Cash Flow, Small Business

Some inspiring books to learn from

Below are 3 great books that we recommend, that will give you fantastic insights into business issues and the business journeys of the authors. Flying Solo Author: Robert Gerrish and Sam Leader Combining motivational and practical advice, this book explores the habits and behaviours of successful soloists, exploring some myths of marketing, time management and networking. Purchase from: flyingsolo.com.au/book The Accidental Entrepreneur – The Juicy Bits Author: Janine Allis –…

Cash Flow

Save money on your mortgage!

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…

Cash Flow, Small Business, Xero

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…

Cash Flow, Small Business

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…