7 steps to manage client payments
Small changes to your billing workflow can make all the difference. Tweaks to the billing process are one of the key things that can benefit businesses exponentially. The process itself can be set up to do a lot of the heavy lifting, working like clockwork to help your customers pay on time. Here are a […]
What changes in your customer’s payment behaviour are you noticing?
Managing your risk is really important. A change in a customer’s payment behaviour can be quite telling. Perhaps they have missed a payment, or you are noticing that payments that were normally timely seem to be lagging behind. When a customer’s habits do change it’s normal to have some concerns about being paid. It’s important […]
Dry hire vs. Wet hire – The facts
What Hire Agreement is right for your business? If you’re hiring out physical equipment, machinery or vehicles you’ll need to have a hire agreement in place, firstly to protect your assets and secondly to mitigate any risk. There are two types of hire agreements, dry hire and wet hire. To know what type of hire […]
How East Coast Glass and Glazing benefited from Terms
Success Stories: How East Coast Glass and Glazing benefited from Terms and Conditions of Trade. Starting a new business can be both exciting and daunting. Husband and Wife team, Chris and Emma McCarthy know this first hand. After 15 years working in the industry for others, it was time to set up East Coast Glass […]
Reducing your risk as a supplier
If you supply goods or assets, you could be putting your business at risk. The PPSR could be of benefit to you and reduce the risk. What is the PPSR? PPSR stands for Personal Property Securities Register and is an online service account where you can register a legal claim to your personal property. The […]
What makes a good business owner?
We talk to many business owners about what made them successful, and there are some recurring themes that have helped them and added value to their operations. Let’s take a look. Assess your current practices on a regular basis. Running a regular assessment of your current processes is beneficial. Your assessment will help pinpoint if […]
Choosing your business structure
There are a few ways you can structure your business, each with its own set of pros and cons. Businesses, organisations, non-profits and charities have certain tax obligations when setting up. They may also have obligations with other government agencies like the Companies Office or Charities Services. Here is some information on the different options. […]
Registering your new business – What you need to know
Thank you to our accounting software partner Xero for this great content. There is a bit of paperwork and people who need to know about your new business. Here are a few fundamentals you need to know. How to register a business with the government. There are a few government departments that need to know […]
Onboarding your customers, the right way to save any future hassles
Have you been thinking about tightening up your processes for when the unexpected happens? We talk about handshake deals a fair bit and that’s because many of our clients and the business owners we talk to on a daily basis have been guilty of agreeing to them. Sometimes those deals are fine, but on occasion, […]
Cash flow forecasting for the future
Planning your future financial position. Cash flow forecasting involves estimating your future sales and expenses. A cash flow forecast is a vital tool for your business because it will tell you if you’ll have enough cash to run the business or expand it. It will also show you when more cash is going out of the […]
