Category: Cash Flow

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 –…

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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…

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…