Insights

Do I need an accountant for my small business

Do I need an accountant for my small business

It is easy to think as a small business that you can “put off” hiring an accountant and to be honest you can. This does mean that you could lack support in a variety of areas and hinder your growth. So while yes short term expenditure would be saved it is at the cost...

4 Reasons to digitise your business ASAP

4 Reasons to digitise your business ASAP

Historically digitising a business was expensive and the move from paper was a painful time-consuming process. Now however it is a MUST. Technology will enable your team to be more productive, more agile and make them happier through streamlined and automated...

4 Reasons to digitise your small business asap

4 Reasons to digitise your small business asap

Historically digitising a business was expensive and the move from paper was a painful time-consuming process. Now however it is a MUST. Technology will enable your team to be more productive, more agile and make them happier through streamlined and automated...

6 useful finance tips for small businesses

6 useful finance tips for small businesses

Business finances can be overwhelming between the jargon and confusing breakdowns, unless of course you’re a finance professional, it can be task that is easy to put off. Despite the temptation “do it tomorrow” this will cause your all kinds of issues further down the...

How to protect your business against inflation

How to protect your business against inflation

With inflation over doubling this week from 0.7% – 1.5% this is a good time to explore how to combat its effects. Because while this may be good news for the economy as things open it is not purely a result of increased demand from reopening. Supply shortages across a...

Why every business should standardise its processes

Why every business should standardise its processes

Process standardisation is a clear and repeatable way of doing a given task. This should be written down in a concise manor and easy to understand. Ideally this process will be the most efficient method of doing the task with an optimal outcome. In reality this may...

Understanding the cash flow statement (Xero)

Understanding the cash flow statement (Xero)

A cash flow statement finds out the inward and outward flow of money in a business and therefore acts as a bridge between the income statement and balance sheet. The change in cash per period, as well as the beginning and ending balances of cash, are present in a cash...

How do I prepare for my year end accounts

How do I prepare for my year end accounts

As your company year-end date gets closer, there are a number of administrative and financial tasks to start planning for – so it’s a good idea to get yourself organised and ready. There are several things to check, either on the year-end date, or before the end of...

Are money leaks eating away at your hard-earned profits?

Are money leaks eating away at your hard-earned profits?

Money leaks are often small amounts of money leaving your business when they do not need too. Unfortunately, while individually they cause limited disruption this can build into  something larger. Even if you think you’re in tip top shape it is always good to...

Importance of having a good understanding of your cash flow

Importance of having a good understanding of your cash flow

STAT OF THE ARTICLE “Poor cash flow and late payments are responsible for 50, 000 small businesses closing each year” (Source: Accountex). RELEVANCE OF CASH FLOW Cash flow is the essence of your business and the key to understanding your current position and to...

How to prepare your small business for sustainable growth

Business growth presents a huge challenge for small business owners. Sustainable growth requires careful forethought and preparation; you can’t build a solid house on shaky foundations. It’s easy to get swept up in all the excitement that accompanies business growth,...

Set your business a realistic goal – then smash it