Small Business Accounting Software Blog

What do the Banking Royal Commission findings mean for Australian Small Business and Agribusiness?

The final findings and recommendations by Commissioner Hayne were released to the public on Monday 4th February. We have sifted through the 76 recommendations and drawn out those which will impact SMEs and those in the agricultural industry specifically. SMEs The definition of small business This will be simplified so that an additional 10,000 to 20,000 additional SMEs in Australia will be governed by the Banking Code. This will offer better protection for these businesses when dealing with their banks. Credit assessment process There [...]

11/02/2019 By Rebecca Bendikov small business agribusiness, Australian small business, banking royal commission, small business 0 Comments

Staff management in small business

It is no secret that the way you manage staff in a small business has a significant influence on their productivity, performance and job satisfaction. As a business owner, you may need to adopt effective management techniques to get the best out of your employees and increase cash flow. Your staff management style will determine how motivated your employees are to participate in and contribute positively to the workplace and treat it as if it were their own. Sometimes managing [...]

16/01/2019 By Rebecca Bendikov Managing cash flow, small business how to manage staff in a small business, small business hiring, staff management 0 Comments

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 [...]

29/11/2018 By Rebecca Bendikov Managing cash flow managing overhead costs, small business, small business accounting software 0 Comments

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 [...]

13/11/2018 By Rebecca Bendikov small business business cash flow finance, cash flow manager, managing cash flow 0 Comments

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 [...]

10/10/2018 By Rebecca Bendikov small business invoicing software, small business accounting software 0 Comments

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!

27/06/2018 By Rebecca Bendikov accounting, My Cashflow Manager accounting, end of financial year, small business, small business accounting software 0 Comments

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 [...]

10/05/2018 By Rebecca Bendikov small business accounting software, Australian small business, federal budget, small business 0 Comments

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 [...]

24/04/2018 By Rebecca Bendikov accounting, small business accounting software, payroll software, single touch payroll, small business 4 Comments

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 [...]

24/01/2018 By Rebecca Bendikov General, small business, SuperStream accounting software, ATO superstream compliance, Australian small business, superannuation, superannuation clearing house, superstream compliant 0 Comments

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 [...]

17/01/2018 By Rebecca Bendikov accounting, small business accounting software, bookkeeping, bookkeeping program, cash flow, cashflow manager, invoicing software 3 Comments