June 2019
The Seven Steps To Improving Cash Flow in Business
Step 1 – Build Your Business Vision Every business owner must have a vision for his business be it large or small. A vision is there to inspire and motivate, it’s like an ultimate goal – the pinnacle of your business success. (more…)
How Cash Flow Forecasts Can Help to Get Your Customers To Pay Faster
First, let’s take a look at your cash flow forecast. Cash flow forecasts are like a calculated guess. It may or may not actualize. However, it’s important that you have a cash flow forecast as it will help you “see” how your business will fare through the next 3 months, 6 months, or the next year. (more…)
Business Cash Flow Tip – How to Collect Your Money Faster
Learn How to Collect Your Money Faster All businesses need money. It’s needed to pay your workforce, buy equipment, stock your shelves, buy raw materials, etc... (more…)
May 2019
Why Cash Flow Projections Sometimes Don’t Work For Business
There is a reason why cash flow projections sometimes don’t work for a business. So what are the actions that can contribute to a failure? We are going to answer that one at the end of this topic so first, let us review how developing a cash flow projection or forecast can benefit a business such as yours. We will...
April 2019
Consulting with My Business Manager
Every successful business needs regular access to financial information and to non-financial performance data that drives the business’ results. My Business Manager automates these processes and makes it easier to be aware of how the business is performing and whether there are any potential problems that need early attention before they affect the business and the profits. In most businesses,...
March 2019
My Business Manager Powerful Add On for MYOB Users
Over 10,000 accounting practices use MYOB solutions and services to streamline processes and maximise their productivity. Over 700,000 businesses use MYOB accounting software, payroll software and real-time business management tools and MYOB Add Ons. (more…)
How to Align Cash Flow Forecast With Your Business Vision Statement
A Cash flow forecast is similar to a financial statement but as the name suggests, it is a forecast of your business’ future cash flow capabilities. It can assist you and your team to determine whether or not your business is ready to proceed with any financial commitment for the business. (more…)
8 Reasons Why Accountants Can Benefit from Becoming a Business Advisory Service
The Accounting industry has changed its focus considerably over the last few years. As a result, large companies have started offering accounting services to smaller SMEs and software companies have been producing accounting software packages to make it easier for people and businesses to do their own bookkeeping and preliminary accounting services. (more…)