The statement of cash flows, (also known as the cash flow statement), shows how your business has generated and used cash (and cash equivalents) within a specific time period. For each of the reporting categories, receipts and payments are listed (money in and money out), and this is reported as a net increase or decrease […]
26
Feb
Feb
As a business owner, it’s never been more important to have a good grasp on your finances. For many businesses, priorities have changed, customer behaviours have mutated and revenue streams have had to evolve and pivot in order to maintain a profitable business model. To track, monitor and drive your financial performance in this updated […]
19
Feb
Feb
Is your cashflow position keeping you awake at night? Don’t worry, we have five simple tips to improve your cashflow management and achieve a positive cash position. 1. Give your accounts receivable a boost Invoice your client as soon as the job is completed, or consider invoicing in instalments once key milestones are reached. Also, […]
12
Feb
Feb
The average business owner needs an additional four hours in their working day to complete their admin, according to research by OnePoll. If your people are spending 20 hours per week wading through tedious and unproductive admin, that’s bad for the business and for your efficiency. Fortunately, technology and software automation can go a long […]
05
Feb
Feb
“63% of Australian businesses say they are losing money – some even reporting estimated losses of over $10,000 per month on average – to late payments. ”Pursuing Payments 2025 report, GoCardless This recent report from the bank payment provider, GoCardless, shows just how challenging late payments can be for Australian small businesses. “68% of all […]
29
Jan
Jan
Have you ever wondered about the best ways to protect you and your business? In this article, we’ll look at how you can use a trust to shelter your assets. What is a trust? Before we go any further, let’s explain exactly what a trust is and how they can be used. A trust is […]
22
Jan
Jan
Contracting or freelancing requires you to wear a lot of hats. Relationship-building, keeping track of your time, marketing your skills and actually doing the work. But one of your priorities should also be establishing how you handle your money and setting the groundwork for good habits. Understand your deductions Before you start, it’s essential to […]
15
Jan
Jan
There are certain items of equipment, machinery and hardware that are essential to the operation of your business – whether it’s the delivery van you use to run your home-delivery food service, or the high-end digital printer to run your print business. But when a critical business asset is required, should you buy this item […]
20
Nov
Nov
Referrals are one of the easiest and most cost-effective ways to win new business. Strong networks create steady opportunities, and the return on investment can be enormous. The key is to be intentional and consistent about building and nurturing those networks. Five ways to maximise referrals from your networks: 1. Know the lifetime value of […]
10
Nov
Nov
On 6 November 2025, two bills amending the Superannuation Guarantee (Administration) Act 1992 (SGA Act) and Superannuation Guarantee Charge Act 1992 (SGC Act) to reform the superannuation guarantee (SG) framework, received parliamentary approval to become law. Many businesses end up falling behind on their SG payments, and this measure essentially becomes a compliance check for […]