Small business leadership - like a boss

Leadership mastery: Knowing your weaknesses

Apparently, employees leave managers, not companies. Bridgette Hyacinth, an expert in HR and leadership, writes “In spite of how good a job may be, people will quit if the reporting relationship is not healthy”. Despite evidence that 50% of American workers voluntarily leave their jobs because of bosses, the statement remains questioned. According to data gathered by Culture Amp, only 12% of the decision-making process made by an employee before leaving a job, was down to the manager. Their opinion: development opportunities. In fact, their [...]

Read more...
Customise customer invoices

How To Customise Your Customer Invoices

Sending invoices is a major role for a business owner, without them, you don’t get paid. Cashflow Manager has the functionality to customise your customer invoices. By using a customised layout, you can add on a logo or image, personalized messaging, payment terms and payment information. The Customised Layout function is located in the Invoice Manager module under the Tools menu. In there you have the option to customise Invoices, Adjustment Notes, Picking Slips, Purchase Orders, Purchase Invoices, Receipts and Statements. To [...]

Read more...

Simple, Low Cost Single Touch Payroll Compliant Software

We are excited to release a low-cost, Single Touch Payroll (STP) solution for very small business’, called Wages 1-4. We released this solution in response to an ATO initiative aimed to assist businesses with very few employees, who do not currently use payroll software, to begin reporting electronically. Our pricing and product features are set according to the ATO’s guidelines. You can see Wages 1-4 listed here on the ATO no-cost and low-cost STP solutions register. Wages 1-4 looks and functions much [...]

Read more...

Single Touch Payroll now available in Cashflow Manager

As you are aware, the ATO have announced they are making big changes to how small businesses report to them. Specifically, the ATO is transitioning businesses who pay wages to employees to digital reporting methods. This new method of reporting is called Single Touch Payroll (STP). This simply means that employers will be required to send their employees’ tax and super information to the ATO each time they run their payroll and pay their employees. STP reporting has been rolled out gradually [...]

Read more...

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 [...]

Read more...

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 [...]

Read more...

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 [...]

Read more...

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 [...]

Read more...

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 [...]

Read more...

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 [...]

Read more...