Digital age for cash flow processes
When economic times are tough, it helps to be in control of your cashflow. We explain how to improve your cashflow – and how this helps you run your business through tough times.
Shortening your cash conversion cycle to free up cash
Covid-19 highlighted the importance of managing your cash conversion cycle and reducing how long cash is tied up in the sales process. More money won’t solve your problems if you don’t manage your cash conversion cycle!
Understanding Your Profit and Loss Statement
Would you like to know more about the relationship between costs and revenue to make better business decisions? Book a session today to examine your financial reports with an experienced business advisor.
How to get in control of your spending
A few simple steps can help to cut down your business expenses. We’ll help you spot the areas where costs can be cut and use the latest tech to manage the numbers.
How to chase invoices without annoying your clients
As a small business owner, trying to chase payments while not annoying your clients can be a challenge. Here are five tips for getting those outstanding invoices paid while maintaining good relationships.
Protect against fraud with E-invoicing
Invoice fraud is on the rise, but you don’t need to leave yourself vulnerable to scammers. E-invoicing is the secure way to send and receive invoices, backed by a government platform.
How to stop leakage leading to liquidation through cash flow planning
A cash flow plan allows you as a business owner to understand how your cash is used. There are misconceptions that having cash in the business means there will be more tax to pay, or that spending spare cash reduces your tax. Unfortunately, this mindset can lead to reduced profitability, and even worse, missed opportunities to expand when the time is right.
Upsizing or downsizing? We can help with the forecasting
Are you looking to either scale up or downsize, your business? We’ll help you review your existing business plan, run scenarios and forecasts, and look at the most appropriate strategy for your future. Learn more here.
Planning for seasonal income dips
Struggling with seasonal dips and poor cashflow? We’ll help you identify the timing of your seasonal downtime and create a strategy for stabilising your income across the year.
Outstanding invoices? Here’s how to get paid
Frustrated by unpaid invoices, but dreading the follow-up? We can help, with simple, effective techniques – and credit check services to help you avoid the issue in future.
Cutting costs or increasing your prices? We can help
With more than 85 percent of SMEs expecting a lower profit in the next nine months, the more prepared you can be for the unexpected, the better. Talk to us about smart ways to get your costs under control or whether you need to increase your prices. We share thoughts here.
Get in control of cashflow
Does your business need to improve its cash position? Poor cashflow is a problem for many businesses, whether you’re a start-up or an established family business. Talk to us about how you can get proactive with cashflow management.
Staying on track with your personal budget
Don’t set and forget your Personal Budget. Monitor your progress to achieve your goals. Dedicate one hour each month to track how you’re progressing towards your budget. Need accountability? Get in touch.
Understanding working capital to maintain business success
Cash is oxygen for your business and measuring working capital is your regular health check to keep your business alive; especially in turbulent times.
Review your expenses – and save yourself money
Need to reinvent your expenses? We’ll review your current costs, find the expenses that could be cut, and will provide a proactive spend management programme to reduce your spending.
Slow payers cost you real money
Growing electronic connectivity between small businesses, accountants, and financial institutions coupled with cloud accounting and traditional methods will help your debtor management.
11 Strategies to maximise your cash reserves
The Covid-19 crisis has highlighted the inadequacy of current cash reserves for many business owners - they simply don’t have enough cash to sustain the business in a crisis.
How to create a cash flow forecast for your business
A cash flow forecast is an important tool for business planning. And right now, understanding the cash coming in and going out of your business is vital.
How do you invoice during a crisis?
It’s not easy to request payment right now but it is important to keep cash flowing into your business. As with all business dealings at them moment, a little empathy and a lot of open communication can go a long way.
Cashflow and cost control crucial now
Keeping everything running is the priority for now, whether you’re in recovery or growth mode. Regular cashflow forecasts will help you make informed decisions. And controlling your costs will potentially free up cash. We share more here.
Emerging from Covid-19 – what you should be considering now
As New Zealand moves down the COVID-19 alert levels businesses face a long transition period from the unknown to the ‘new normal’.
Encouraging prompt payment
Keeping on top of your invoicing requires a proactive strategy. Sometimes it just takes a phone call. Here’s some other tips:
The value of cashflow forecasting during a crisis
During the ongoing coronavirus crisis, many sectors are seeing income either disappear completely or drop to dangerous levels.
Plan now for your business continuity
Having a plan to deal with the fallout from the COVID-19 pandemic is going to be critical to business survival.