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 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...

6 Powerful Reasons To Watch Your Financial Reports

by | Jul 25, 2024 | Business, Xero

Making time to look over your financial reports each month is an important task for any business owner. If you are not taking time to do this, either because you’re too busy, or perhaps you don’t really understand what you’re looking at and it doesn’t make sense to...

Why productivity matters and what you can do about it

by | Jul 9, 2024 | Business

Productivity is a term associated with strong economies, robust businesses and the efficiency gains of clever staff. If only businesses were efficient, then we would have fewer of them failing, more employment and better incomes for owners and workers alike. In New...

Three questions for business success – Part 3: Pricing

by | Jul 8, 2024 | Business, News

How should I be pricing my product or service? We’ve all heard the stories about the person that worked in the retail store, misheard an instruction from the owner about pricing a clearance product, mistakenly priced it double and sold them all in a day. Pricing...