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  • 11 Jun Save time and money with retail management software

    Retailers work really hard to avoid overspending on inventory and staff. The sums can be complex and painstaking. Affordable retail management software can dramatically simplify those jobs, allowing you to run a smarter business and save valuable time. Inventory and staffing Retailers have to take risks that other businesses don’t – in particular, buying and […]

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  • 25 May Got outstanding invoices? Here’s eight things you can do to get paid

    It would be nice if you could send an invoice, then sit back and watch the money roll in. But the reality is, half of all invoices are paid late. And some aren’t paid at all. So how do you handle outstanding invoices? How to collect money Some people – like credit control managers, accountants […]

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  • 22 Apr Cash vs Accrual Accounting – What’s the difference?

    You’ve heard people talk about cash versus accrual accounting, but what is it all about? And why does accrual get all the glory? We take you through the basics. The difference between cash and accrual accounting The difference between cash basis and accrual basis accounting comes down to timing. When do you record revenue or […]

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  • 05 Apr Get paid faster, focus on your Accounts Receivable process

    There are many ways to get into business, but only one way to stay in – you have to get paid. That’s why a good accounts receivable process is critical. What is an accounts receivable (or trade debtors) process? The job of accounts receivable is to get money in the door. There are a lot […]

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  • 21 Mar What is invoice financing and how can it help your cash flow?

    Cash-strapped businesses have trouble finding working capital, and they generally don’t want to take on more debt. Invoice financing allows them to get a cash advance on unpaid invoices. It could be a good alternative for your clients. Read more to learn more about invoice financing and how it can help cash flow. First things […]

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  • 20 Mar Choosing an inventory valuation method for your business

    First, lets discuss the basics of inventory accounting. To correctly account for inventory, you need to know how much stock you have and what it’s worth to your business. Ideally, ‘worth’ will be broken down into: what you paid for it what you’ve spent on it since you bought it, and what you sell it […]

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  • 09 Mar Cloud accounting packages – are they safe?

    Moving from your traditional desktop accounting software to a cloud package has many advantages for your business, but you may be worried that the cloud is not safe.

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  • 25 Feb Single Touch Payroll (STP) – what is it?

    STP is changing how employers report their Wages and Pay As You Go Withholding obligations to the ATO. Find out how this change affects your business.

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  • 12 Jan My business is profitable – but I struggle to pay my bills – Why?!

    So your business is making a healthy profit but you still struggle to pay your bills on time. Many business owners find themselves in this situation if they don’t pay attention to their cash flow.

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