A business budget is one of the essential tools in managing your business finances and actively building your business. A budget shows what you plan to do with your cash over the next year. For a complete picture of your business health, you need to review the profit and loss statement, the balance sheet, the […]
The Fundamentals of a Business Budget Read More »
For your business to make money, you need to generate revenue. You produce revenue through your usual business activity, by making sales, getting your invoices paid, or taking cash from paying customers. So, the better you are at selling your products/services and bringing money into the business, the higher your revenue levels will be. But
Understanding Your Revenue Drivers Read More »
Hi. We know that business owners are doing it tough at the moment, and so are their families and employees. You might be worrying about finances, or your business and your staff. Late last year in response to the results of the 2019 Small Business Wellbeing Report, Xero extended the Xero Assistance Programme (XAP) pilot for
Xero Assistance Programme Read More »
Making a profit isn’t something that happens overnight – to create a good return from your business you need a clear focus and a well thought-out strategy for increasing profitability. This means reviewing your business model and looking at every area of the business, to see where you can cut costs, increase margins and maximise
Make your business more profitable Read More »
In the online, connected world that we now live in, it’s important for your business to be digital. Digital technology has revolutionised the options you have available as a small business, with a wealth of cloud-based solutions and apps helping to automate the admin, enhance your productivity, open up your business data and market the
Become a digital business – futureproof your tech Read More »
Small and medium-sized businesses are spending on average 120 hours a year on admin tasks, according to recent research into productivity at UK SMBs. If your people are spending 120 hours wading through tedious and unproductive admin, that’s bad for the business and for your overall efficiency. Fortunately, technology and software automation can go a
Automation can ease your business workload Read More »
When we set out on a fishing trip or hike, we always check the weather forecast. It’s no different in business. The forecast tells us if there’s bad weather (poor cash flow) in store based on the direction we’re heading. Your forecast will tell you: Whether you have enough sales in the pipeline to give
What’s in the forecast? Read More »
Access to the internet is a business imperative to connect to customers, transact business and network across geographies and industries. Likewise, a concern for individuals and companies operating online is keeping sensitive data and information secure from cyber-criminals and hackers. Supporting customers with security The day to day impact of cyber-crime has become a fact
Keeping yourself, your business and your customers safe online Read More »
Most GST errors are unintentional. Even so, they can have a big impact on your business as they may result in you paying too much, or not enough, GST. Whether you file the GST return yourself or whether you use our services, it’s useful to understand some of the most common errors that can happen.
Common GST errors will impact your business Read More »
We all know that cash is king when it comes to business success, but what exactly is ‘working capital’ and how does this financial metric help measure the health of your business? Working capital is made up of the cash and assets that are available in the business to fund your operations and keep you
How healthy is your working capital? Read More »
