Following up on invoices in a down economy

by | Aug 12, 2024 | Uncategorized

It can feel challenging to chase up payment of invoices when the economy has been down, but it is important to keep cash flowing into your business so you can cover expenses and meet your obligations to others. As with all dealings in more difficult times, some...

Cash is NOT equal to profit

by | Aug 8, 2024 | Business

Have you ever been in a meeting with your accountant, hearing how much profit you’ve made and being congratulated on a lift in performance, but in the back of your mind you’re wondering where the cash is and how you’re going to make payroll tomorrow? Don’t worry,...

How to accept payments online – and why it’s smart

by | Jul 30, 2024 | Uncategorized

One of the best things about online shopping is instant, hassle-free payment. Enter your details, click, and you’re done. If your customers can make instant online payments, they’re likely to pay you more quickly – and they’ll appreciate the simplicity too. The...

How to use forecasts and scenario-planning

by | Jul 29, 2024 | Business, Xero

For centuries, accounting was all about reviewing historic information – but that only told you about the past, not what was going to happen in the future. If you’re only looking back at past periods and historic numbers, this limits the insights you can achieve for...