How Payroll Funding Helps Recruitment Agencies Solve Cash Flow Gaps
If you are a growing business, it is more likely than not that cash flow gaps have held you back at some point along your journey. Companies that issue invoices and offer credit terms from 30, 60 or even up to ninety days have to deal with the timing difference between making a sale and […]
Wholesaler? Here’s How to Reduce your Days Sales Outstanding (DSO)
If you want to take your wholesale business to the next level, you will need to offer credit terms to your customers. Offering credit comes with a whole other set of responsibilities, as collecting on this credit in a reasonable timeframe is essential to ensuring your business’s cash flow. Their needs to be a balance […]
A Few Strategies to Manage The Ongoing Collections and Recovery of Outstanding Invoices for Your Business
Running a small to medium business is tough work at the best of times. Monitoring and maintaining sufficient cash flow can be a constant struggle for many small business owners. Cash is required to pay suppliers, wages and bills, as well as fund growth opportunities when they arise. One of the biggest disruptors to cash […]
8 Important Questions to Ask Your Accountant this Financial Year
If you are a small or medium business owner, you probably aren’t in meaningful regular contact with your accountant. Instead, your relationship is occasional, and any communication will be limited to your accountant providing the latest financial statements for your business. The balance sheet and profit and loss statements will be given a glance, but […]
How Different Types of Non-Bank Financial Institutions Can Help Your Business
Almost everyone has heard of a bank – they take deposits and lend out money to consumers and businesses who require funding. While banks are common knowledge, non-bank financial institutions (NBFI) remain less understood. An NBFI is a commercial entity that offers loans and other financial products, yet does not hold a full banking license […]
Cash Flow vs Asset-Based Lending – What are the Differences?
Almost every business will access borrowed capital at some point throughout their lives. No matter what stage your company is at, external funding provides the liquidity you will need to pay your bills, secure new suppliers and market your goods and services to new customers. As you set out to secure funding, whether it is […]
Manufacturing is Alive and Well in Australia, Although the Industry is Changing
Many people believe that the manufacturing industry in Australia, and much of the Western world, is experiencing a significant structural decline. We don’t demand physical goods in the same way as we used to and instead, increasing our purchases of digital products, data and intangibles. Some may even predict a future where almost nothing physical […]
How to Protect Your Cash Flow and Plan Ahead for Business Success
Regardless of the business or industry, growing sales while limiting expenses may not the be-all and end-all many think it is. While striving to improve profits is an important goal, cash flow is often a better measure of business success. Profit is an essential accounting measure however, it is cash that pays the bills. The […]
Why Cash Flow is a Leading Cause of Small Business Failure
Starting a small business is an incredibly exciting thought that most people have thought about doing at some point or another. Australian entrepreneurs are incredibly motivated by the desire for independence, with over 57% (the highest in the world) of all business owners citing it as their reason for starting. Running your own business means […]
Identifying Key Business Risks Can Help Avoid Business Failure
Every type of business faces risks, many of which can lead to an erosion of profitability, changes in the operating model or even bankruptcy. As a business owner, you know that running a successful company takes a lot of work. These efforts can pay off handsomely, bringing in customers, profits, community engagement and the satisfaction […]