A business budget is one of the essential tools in managing your business finances and actively building your business. A budget shows what you plan to do with your cash over the next year. For a complete picture of your business health, you need to review the profit and loss statement, […]
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For your business to make money, you need to generate revenue. You produce revenue through your usual business activity, by making sales, getting your invoices paid, or taking cash from paying customers. So, the better you are at selling your products/services and bringing money into the business, the higher your revenue […]
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Hi. We know that business owners are doing it tough at the moment, and so are their families and employees. You might be worrying about finances, or your business and your staff. Late last year in response to the results of the 2019 Small Business Wellbeing Report, Xero extended the Xero Assistance […]
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Making a profit isn’t something that happens overnight – to create a good return from your business you need a clear focus and a well thought-out strategy for increasing profitability. This means reviewing your business model and looking at every area of the business, to see where you can cut costs, […]
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In the online, connected world that we now live in, it’s important for your business to be digital. Digital technology has revolutionised the options you have available as a small business, with a wealth of cloud-based solutions and apps helping to automate the admin, enhance your productivity, open up your business […]
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Small and medium-sized businesses are spending on average 120 hours a year on admin tasks, according to recent research into productivity at UK SMBs. If your people are spending 120 hours wading through tedious and unproductive admin, that’s bad for the business and for your overall efficiency. Fortunately, technology and software […]
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When we set out on a fishing trip or hike, we always check the weather forecast. It’s no different in business. The forecast tells us if there’s bad weather (poor cash flow) in store based on the direction we’re heading. Your forecast will tell you: Whether you have enough sales in […]
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Access to the internet is a business imperative to connect to customers, transact business and network across geographies and industries. Likewise, a concern for individuals and companies operating online is keeping sensitive data and information secure from cyber-criminals and hackers. Supporting customers with security The day to day impact of cyber-crime […]
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For centuries, accounting was all about reviewing historic information – but that only told you about the past, not what was going to happen in the future. If you’re only looking back at past periods and historic numbers, that limits the insights you can achieve into your business. With a backward-looking […]
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Most GST errors are unintentional. Even so, they can have a big impact on your business as they may result in you paying too much, or not enough, GST. Whether you file the GST return yourself or whether you use our services, it’s useful to understand some of the most common […]
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