Running a business can feel like a steep learning curve. Understanding the importance of financial documents will help put you in a great position to run a profitable business. Financial documents and statements are filled with valuable insights into your business’s performance and viability. Learning how to create, read, interpret and use financial documents and […]

Would you like to provide loans to people you didn’t know very well? It doesn’t sound too wise, but many businesses are in the finance business by default. In effect, when you offer invoice payment terms to your customers, you’re providing short-term loans to them. Companies that don’t have sound credit policies and procedures to […]

As many businesses focus on Christmas recovery, it’s a great opportunity to review, plan and prioritise your business goals to prepare for the new year. Here are some tips to help kick start your new year. Review and get on top of your finances Start by reviewing your financial statements from the last year. Look […]

The recent cyber-attacks on Optus and then Medibank have been good reminders to be vigilant when it comes to the security of your personal information.  The Australian Government has established the Australian Cyber Security Centre, which includes some tips on how to keep your data safe online. Some of these are listed below: Update devices […]

Summer holiday time in Australia can be a cash flow nightmare for many businesses. Although retail spending is booming before Christmas and during Boxing Day sales, many business-to-business companies can experience a big downturn in sales from mid-December until the end of January. Here we offer a few tips for avoiding a Christmas cash flow […]