Apr 28, 2021 | Blog, Cashflow
Often a reduction in interest charges as well as significant cashflow improvements can be achieved with a regular review of existing debt. A good place to start is to list all bank loans, mortgages, finance company loans, hire purchases, credit card debts, and any...
Apr 19, 2021 | Blog, Cashflow
Carrying stock for too long means full shelves but an empty bank account. Similarly, if you’re a service provider and are taking forever to bill for your services, consider that work in progress as a form of virtual stock. You can calculate your ‘stock turn’ by taking...
Apr 6, 2021 | Blog, Cashflow
The second cause of poor cashflow relates to when and how money is spent in your business, including your Terms of Trade with suppliers. Do you have spending budgets in place? It’s best practice to prepare an overall business budget every year, usually before the...
Mar 19, 2021 | Blog, COVID-19
The JobMaker Hiring Credit scheme is designed to encourage businesses to employ additional young jobseekers aged 16-35 years. The hiring credit subsidises an increase in employee headcount. Eligible employers can receive the hiring credit for up to 12 months for each...
Mar 15, 2021 | Blog, Cashflow
There’s a massive difference between profit and cashflow. Profit increases when you create an invoice for work you’ve done or goods you’ve sold; cash increases when you bank the money. Your lockup equals the cash that isn’t in your bank account because it’s either in...
