Manage Cash Flow & Taxes

GROW FASTER AND INVEST IN THE FUTURE

Your productivity, growth and morale will all benefit from a healthy bank balance.

When starting and maintaining your business there are a few ways to ensure you have money on hand:

  1. Set up and maintain a realistic budget with forecasted increases and downturns.  This will vary from industry to industry, and while it will never be perfect; it will provide valuable information as time goes on, enabling you to measure your businesses performance and predict patterns for the future.
  2. Run a management report at least each month that looks at all areas of your business not just the profit and loss. By looking at a full suite of reports, you can really get an idea of how your business is performing. Any good accounting package such as Xero has these reports, but Xero does a great job of giving you a great summary of your business.
  3. Ensuring your invoices are paid on time.  This makes a huge difference to your ability to pay wages, contractors and suppliers.  Don’t let your business fall further and further behind!
  4. Put aside some money for those costs you KNOW are coming up, like PAYG Withholding, Super, GST, Tax and even accruals of Leave for staff. This can easily be done each pay, or each month by running a few reports. Why not have the money earning interest for you and not have a shock at the end of each month, quarter and year?

We are passionate about your cash flow because it will help you grow faster and allow you to invest in the future instead of being behind every week or month.

If this is an area where you would like to improve your business, we can carry out a health check for your business and see where you can immediately start putting positive steps into action to achieve healthy growth.

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Our passion is driven from the joy of helping you achieve your business goals and watching you gain control of the areas where you need that extra helping hand.

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