Category Archives: Accounts
The End of the Financial Year is Upon Us – Who’s Doing Your Accounts?
One of the least looked forward to aspect in running your business is in maintaining your accounts. Often as the end of the financial year hits we start to dread the ‘catch up’ process as we update, reconcile and try to remember just what that receipt was for. If budget is not a problem then more…
Do you forecast, prepare, analyse and interpret your financial statements?
Businesses require regular information about their financial situation and performance in order to continue growing and developing as a successful business. While it is very well to collect your annual accounts from the accountant, the greatest benefit to you is being able to understand what the numbers mean for your business, both now and for more…
A Word of Caution – Had a Debit Card Scare This Weekend
My Sunday took a turn for the worse when I received a phone call from the National Bank. “Hi Justine, it’s Thomas speaking from the National Bank. Could I have a word with you about Your Virtual Assistant debit card?” “Sure”. “Have you used your card this morning?” Well considering it’s 9.30am on a Sunday more…
Accounts Payable – how to turn managing your invoices into a business strength
Cash-flow is an area many small businesses struggle with and if paying your invoices is something you dread, your Virtual Assistant can manage this area of your business. We can assist with processing your invoices, setting up your internet banking schedule and talking to your suppliers to ensure you have the best possible terms – more…
11 Ways To Improve Your Credit Control
Credit control for many businesses starts with picking up the phone to chase an outstanding debt, but in order to protect your business and avoid bad debts, credit control should start back at your point of sale. 11 ways to improve your credit control Ask your customer to complete a credit application form. Obtain all more…
Credit Terms: Would Your Business Suffer If You Changed To 7 Days?
I raised the following comment on Linkedin and thought these responses worth sharing. With the much talked about US economy problems and volatile share market, now is definitely a time to tighten your credit control procedures. Attending a talk last night given by one of the BNZ business managers (and thanks Andrea at Ochre Business more…
How to Improve your Cashflow
When times are tough, it tends to be the small businesses that suffer most. The big companies withhold payments, credit becomes harder to come by, and you can be left with nowhere to go. Accounts ReceivableClosing the sale is only one step in the process of generating revenue. Getting payment can be a challenge in more…
Service: Accounts
If you never have experienced outsourcing your accounting then you must clearly understand how this process works, because if you didn’t understand it clearly it may lead to any or many disappointments once you’ve outsourced it. Let us get a full understanding of the process here. Outsourcing works in different ways, different companies adopt different more…
Credit Control Tips
It’s something every business has to face sooner or later: what to do when customers pay late, or not at all. However, a good system of credit control will help safeguard your business from the menace of late payers. Make your terms clear Agree payment terms at the order stage and have those terms printed more…
Accounts and Tax Returns: from the desk of a small business
Bookkeeping! Done professionally, your bookkeeping will advise you as to when you can buy that upgrade, take on a new employee or seek investment. You can track your actual spending and income against your budget and rest easy at the end of the month, knowing there is money in the bank for payables. Who does more…
