4 reasons you NEED a business bank account
If you are running a business, no matter what your structure, you simply MUST HAVE a business bank account. Why = Professionalism, Cash Flow, Bank Feeds
If you are running a business, no matter what your structure, you simply MUST HAVE a business bank account. Why = Professionalism, Cash Flow, Bank Feeds
So if somethings doesn’t sit right with you, if something doesn’t make sense – don’t be afraid to ask questions.
Some clients need is a little bit of guidance or coaching around their financial information – what to look for, when to look for it, how to do some calculations and assess what is working and what is not working.
Is your small business consuming you …taking up all your time….do you at times want to just throw in the towel?
Planning is essential in any business, but a higher skill is having the confidence to rearrange those plans at the last minute, so everyone still walks away a winner.
There is no one single answer for all business owners, think about who uses the software, the location it will be used from, how many users you require, what business modules you need for your business (inventory, payroll, etc).
Do you have employees and not even realise? So what is the difference between employees and contractors?
What do you get when you put a bunch of number crunchers in a room together with our favourite cloud software provider? The Xero Roadshow – Melbourne 2014 – of course!
You can also use Xero Accounting software to look after and manage your personal finances using Xero Cashbook.
Here are my 8 essential business planning tips that you should think about before putting any of your hard earned cash into any business idea.
Don’t lose focus of the reasons you started your business. Whatever that is should be your “important” and should never become your “urgent”.
Without a valid invoice your customers may delay payment, withhold extra tax – or worse still – not pay at all until you fix the invoice.
My motivation this year is to say a big THANK YOU to everyone who has supported me. Do you reward your customers and suppliers?
Money is what drives us to succeed, how some view success, but can also cause some mind blowing arguments – do you make it easy for your clients to pay you?
How long you are required to keep receipts, invoices and paperwork? Here’s some ways to keep documentation and implement a paperless office.
I am measuring my success on personal achievements – happiness, quality time spent with family, time for myself and putting a work life balance into play.
I had plans for the first week to really work on my work/life balance and was off to a great start. But life is what happens when you’re busy making plans!
Running a business should be rewarding, enjoyable, challenging and fun. Have you got the work-life balance right?
Tax codes … each accounting system has them but do you understand what they mean? Do you understand why it is important to get them right?
A budget is a great tool to help you plan your income, expenses, staffing, holidays, seasonal fluctuations, cash flow, and anything else for your business.