Managing overhead costs for small business

Average overhead costs for a small business More than half of Australia’s small businesses reported a bigger growth than the past several years, according to a recent CPA Australia report. However, keeping the doors of your business open takes a lot more than passion and a stomach for risks. Business owners have a lot of things to consider when running a business, including the costs. With invoices, income statements and other expenses to consider, it is no surprise that many small [...]

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Managing cash flow for small businesses

Every business, no matter how big or complex, must follow certain steps in order to be successful. One of the key steps in growing your small or micro business involves managing cash flow by tracking and improving your finances. Cash flow refers to the incoming (profit) and outgoing (expenses) movement of cash that keeps your business running the way you want it. If you own a small business, using simple bookkeeping software is key and is a reliable way [...]

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How to write an invoice that people actually want to pay

As a freelancer – or being self-employed – one of your biggest problems is probably getting people to pay you, and pay you on time as well. You can be the best at your job and deliver amazing projects but invoicing is still a massive issue in a lot of industries. There’s an alarming statistic going around that over 70% of freelancers have trouble getting their invoices paid. We have to stress, it’s not your fault. There are a lot [...]

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End of Financial Year – Are you ready or not?

The key to a successful year-end is to be prepared and organised. If you’ve been using Cashflow Manager this financial year, you’ll find the process quick and simple. Follow these seven steps and have a happy new financial year. Click here to download our free EOFY Guide!

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What does the 2018 Federal Budget mean for Australian small business?

The Australian Federal Government have just released their budget for 2018, and although it was largely focused on individual tax rates, spending and aged incentives there is plenty of good news for small businesses too. Keep reading to find out how the budget might impact your business. The $20,000 instant asset write-off is back To the relief of many, the instant asset write-off has been extended for a further 12 months, meaning businesses can continue to claim a deduction for goods [...]

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Be prepared for Single Touch Payroll with Cashflow Manager

Single Touch Payroll (STP) is almost here and Cashflow Manager is working with the ATO to make sure that you are ready to go when it becomes mandatory for businesses with 20 or more employees on 1 July 2018. Cashflow Manager Gold and Wages Manager will be compliant at this date and will deliver an easy-to-use solution to make this change as simple as possible for you. What is Single Touch Payoll? Single Touch Payroll is a new simpler way to report [...]

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The Small Business Superannuation Clearing House is joining ATO online services. Find out what it means for your business.

Since the introduction of SuperStream in Australia, the Small Business Superannuation Clearing House (SBSCH) has provided small businesses and sole traders with an easy option to make SuperStream compliant contributions. On 26 February 2018, the SBSCH will join existing Australian Tax Office (ATO) services. This means that once you have finished updating your bookkeeping for the period in Cashflow Manager you will only have to visit one place to share your information with the ATO. You will be able [...]

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6 small business tips to get your invoices paid fast

Cash is vital for small businesses – to pay their staff, to purchase stock, meet their tax obligations and explore new opportunities.  A lot of our small business clients experience cash flow troubles due to their accounts being settled late. We all know that one of the most awkward and uncomfortable situations in business is having to chase up late payments on a bill or invoice. To avoid having to deal with unnecessary conflict, here are 6 tips to get [...]

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Are you updating your accounting software regularly? 4 reasons you should be.

As the new year begins our thoughts usually turn to new beginnings and making resolutions. It’s a way of promising ourselves to improve in year ahead. That applies as much to your business as it does to your personal life. If you are starting the year with the intention of repeating what you did the year before and the year before that, then your business is stagnating not growing. It is important that you take the time to make [...]

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7 things every small business should do before Christmas

While Santa’s double checking his naughty and nice lists, make sure you check out our list of 7 tips to make sure your small business is all set for a jolly holly Christmas. Get into the festive spirit The end of a year is also a great time to celebrate and acknowledge the hard work and achievements of your team over the past twelve months. Start by creating a festive environment and getting creative with Christmas decorations, activities and events. Connect on [...]

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