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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How to create a budget for your small business in Cashflow Manager Version 11

A business budget is a vital tool for success in starting and operating your business. It can help you plan the items and expenses necessary if you are a start-up, assist you with getting a business loan, show you how much you can spend each month, and help know how much money you need to make to meet all your expenses. In Cashflow Manager you have always been able to create a budget for a particular account but in Version [...]

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Update your small business payroll software – new PAYG tax scales out now!

The ATO has issued new PAYG tax scales which become effective from 1 October 2016. This will affect all businesses with employees and will require you to update your small business payroll software. Cashflow Manager GOLD and Wages Manager 10.0.2.0 which contain the new tax scales are now available for download from our website. There are also some minor fixes to Cashflow Manager, Invoice Manager and Wages Manager included in the update. We recommend all Cashflow Manager users download Version [...]

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5 Steps to Using Cashflow Manager More Effectively in your Accounting Practice

To process the work you get from your Cashflow Manager clients as efficiently as possible, make sure your practice is following these five tips. For a step-by-step visual tutorial on performing these five steps in Cashflow Manager, simply watch the video below. Plus we answer one of your frequently asked questions. 1.Get your client’s backup file What is the best way to get data from your client? Certainly the easiest way to get complete and accurate data is to ask your client to [...]

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5 ways your small business can start the new year well

The promise of New Year promises new opportunities, changes, excitement and of course the chance to make resolutions. This time of year is also the perfect opportunity to reflect on the progress your small business has made in the last 12 months and plan for the next 12. Here are some ideas to help you plan for and get the best start to 2016. Follow the money Give your business every opportunity to thrive and grow by getting a handle on where [...]

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Small Business Bookkeeping Deadly Sin #5: Not Recording Cash Payments

Cash is a convenient form of payment when you’re out and about. However, for a small business owner, it can create problems when using cash for business expenses. You receive a receipt, put it in your bag or pocket or car and then it becomes lost. It is incredibly important for small businesses to record EVERY expense in order to keep good financial records. So when you then go to make a record of that expense, you have a [...]

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Why Backing Up Your Computer Software Data is Essential

You know that frustrating feeling when you lose a load of work because your computer crashed and you forgot to hit save? We’ve all been there. Now, imagine if the same thing happened… with all your business data. For any small business owner, it’s a nightmarish scenario – yet it is one that occurs far too often. Regular data backups are absolutely essential for every company or organisation and their importance cannot be overstated. Whether you’re in bookkeeping services yourself or [...]

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