Our Cashflow Forecast Service

Our Cashflow Forecast Service

Cash is the lifeblood of any business; even profitable businesses can fail because of poor cashflow. If you only ever prepare a Cashflow Forecast because the bank has requested one, it’s time to reframe your thinking. Every business should undertake an annual Cashflow...
Business tips: Getting in control of your spending

Business tips: Getting in control of your spending

Keeping the business in a positive cashflow position is vital. But you can only do this if your cash inflows (sales revenues and other income) outweigh your cash outflows (overheads, supplier costs and other liabilities like tax costs or loan repayments). One way to...
Minimum wage and award minimums are set to rise 1 July

Minimum wage and award minimums are set to rise 1 July

The Fair Work Commission’s annual wage review has resulted in two announcements: The National Minimum Wage will increase by $40 per week, (an increase of 5.2%) from 1 July 2022 award minimum wages will increase by 4.6%, which is subject to a minimum increase for award...
The value of cashflow forecasting for your business

The value of cashflow forecasting for your business

Projecting your cashflow pipeline forwards is vital. To be able to navigate the future path of your cashflow, you need to start forecasting – so you can map out your financial position over the coming months and can take the appropriate action to safeguard your cash...
Step 10 of Building a Better Business

Step 10 of Building a Better Business

Keep your ‘well of happiness’ full This should be something you focus on all the time. Just as the flight attendants tell you to put the oxygen mask on yourself before helping others, it’s the same in business – you need to look after yourself at all times. What...
Step 9 of Building a Better Business

Step 9 of Building a Better Business

Monitor your progress to reach your targets When you’re driving, there are certain things on your dashboard that you keep an eye on – your speed, your fuel level, and the engine’s temperature. It should be the same in your business. You should have a business...