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…
It’s hard to believe it is May already and May means Queensland small business week. In 2018, Queensland Small Business Week will be held from Monday 28 May to Friday 1 June and there are a range of events that can assist you and your business throughout the state. Last week we attended the Brisbane Small…
How to Grow Your Business Without Murdering Its Cash Flow A business often needs to spend cash fulfilling orders before payment is received for these orders, so working capital is needed to fund the timing gap. When revenue is growing, this is exacerbated because more sales = more working capital needed until customers pay for…
Written by Chris Morris “What’s the best way to fund our growth strategy?” This is a question I’m often asked, and whilst there will always be some options that are better for you than others, the answer is never as straightforward as we’d like. In all cases, it depends on the strategy being implemented, the…
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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