Easy-To-Use Business Scoreboard To Ascertain Your Business’s Health January is the time to take a step back and reflect on the financial year to date. At Advivo, we understand that business owners are busy at this time of year. However, prioritising a monthly processing of financials and undertaking regular reporting will help you to identify…
Happy new (financial) year and welcome to the 2019 Financial year! I don’t know about you, but I always find myself at the start of any new year looking back on last year and asking a few questions; How did I (we) go? What went well and what not so well? What could I have…
Business Forecasts – Why do I need them? Here at Advivo Accountants and Advisors, we’re always preaching about the importance of having a functional business forecast or budget. “Why do I need a business forecast” I hear you ask? The short answer is “because you can’t afford not to”. Everyone has heard the phrase “you…
[heading] Legislative Changes That Might Affect Your Business [/heading] Minimum Wage From 1 July 2018, the national minimum wage will increase in Australia by 3.5% The new national minimum wage is $719.20 per week, for a 38-hour week, or $18.93 per hour. The increase applies from the first full pay period starting on or after…
It’s hard to believe the first quarter of 2018 is almost gone! And yes, that means those dreaded fringe benefits tax returns are due again. Are your log books up to date? Do you know exactly what you need to do? See the following article on FBT basics for all you need to know. We…
Keeping Your Business Healthy Through Efficient Cash Flow Management A major concern for many businesses is maintaining a healthy cash flow. It is the heartbeat of business and keeping it stable requires juggling most aspects of your operation, including accounts receivables, payroll, credit, and inventory. When your business is squeezed by a tight economy — and tight…
Avoid These Mistakes and Manage Your Cash Flow Better No matter how great your business model is, you can’t survive if you can’t manage your business’ cash flow. In fact, research has found that as many as 82 percent of small businesses fail due to poor financial management. So here we have listed the 5…
Understanding Debtor Financing Cash is the oxygen for business, but many operate on credit. So as sales increase, cash may be tied up in debtors’ books for the coming 60 to 120 days and there are still expenses that need to be paid. The lack of cash flow can have a devastating effect on your…
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