Administration and Finance Articles
Good business administration and management are critical to the success of any business. This covers accounting, cashflow, time and record management, human resources, project management and business operational issues. These coupled with the sound financial management of your business finances will help you run an efficient and highly successful business.-
Using accounts payable to your advantage
Using accounts payable to your advantage
Accounts Payable may seem like a ho-hum kind of subject, but it can be a minefield of mistakes. Opportunities to improve your cashflow and profit abound in your Accounts Payable actions. Your objective is to keep your... [more +]
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Left Brain Right Brain - Financial Performance
Left Brain Right Brain - Financial Performance
Why 'left brain' and 'right brain' people need each other. It's sad to see Aussie icon Lisa Ho Designs go into Voluntary Administration. An article in The New Zealand Financial Review by Anne Hyland, prompted me to co... [more +]
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Cloud commerce for business
Cloud commerce for business
'Cloud' may not be the best word to choose for making business owners feel confident about a potential home for their precious data. It is just a word though and the enormous benefits can't be ignored. The 'Cloud' is a ter... [more +]
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Six top financial tips for small business owners
Six top financial tips for small business owners
A business can’t survive on passion alone, which is why the death rate of small businesses in New Zealand is a national tragedy. Small businesses are the backbone of our economy but, based on previous trends, r... [more +]
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Five financial figures every business owner needs to know
Five financial figures every business owner needs to know
Know your numbers for business success The five financial figures every business owner needs to know “Numbers are the highest degree of knowledge. It is knowledge itself,” said Plato – and who are we to ar... [more +]
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Cashflow forecasts and liquidity
Cashflow forecasts and liquidity
Cash Flow Forecasting - as the name suggests it is a projection of the flow of cash over a period of time, usually on a monthly basis and covers a twelve-month period. It is a summary of cash banked, payments made, and ... [more +]
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Making the most of small business downtime
Making the most of small business downtime
How to make the most of small business downtime As summer approaches and the weather gets warmer, many small business owners start to feel the pinch. Unless you are in retail, business usually slows down as people spend more... [more +]
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How to keep your business safe from cyber attacks
How to keep your business safe from cyber attacks
How to keep your business safe from cyber attacks Phew, we escaped the worst of the WannaCry cyber attack last month but was it a case of good luck or good management? Although we may be thousands of miles away from some ... [more +]
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Cash flow financing or factoring finance for your business
Cash flow financing or factoring finance for your business
Understanding Cash flow Finance or Factoring Factoring and Discounting are two options businesses can use to improve their cash flow. Factoring is the sale of current and future invoices to a third party, the "factor." Often... [more +]
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Financing a franchise, what the bank wants
Financing a franchise, what the bank wants
Entering a franchise nearly always involves an entry fee, other set-up costs as well as ongoing fees and royalties. These can vary widely depending on the individual business, the type of franchise and other factors such as ... [more +]
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Using the bank to arrange business finance
Using the bank to arrange business finance
The time when you could walk into a bank, see a bank manager, tell him (in those days it was a him) what you wanted to do, tell him how much you needed to borrow and walk out knowing you had the money, are long gone unfortun... [more +]
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Financial year end checklist
Financial year end checklist
Your end of financial year checklist 31 March – it’s Ewan McGregor’s birthday, the anniversary of the official opening of The Eiffel Tower and World Backup Day. But if you are a small business o... [more +]
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Business finance - borrowing the money
Business finance - borrowing the money
How much can you borrow? The amount lent to any given person or organisation is usually limited by the collateral they can provide and their ability to repay the loan. When seeking business finance and borrowing the money... [more +]
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Reducing business overhead costs
Reducing business overhead costs
Overhead costs: how to calculate them and how to keep them down Business owners the world over agree that the not-so-secret secret to business success is to keep your costs low. It doesn’t matter how much profit you ... [more +]
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How to spring clean your business
How to spring clean your business
Does your business need a spring clean? Whether it’s overflowing filing cabinets or a build-up of dust behind them, every business could benefit from a thorough spring clean, preferably once a year. Tidying up, declu... [more +]
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3 tax considerations when purchasing a business
3 tax considerations when purchasing a business
As well as a lifestyle choice, the number one reason to purchase a business is the intention of making money. All too often buyers neglect to put any serious thought into downstream tax considerations, yet the easiest dollar... [more +]
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Cash flow 101 for small business owners
Cash flow 101 for small business owners
What is cash flow? Cash flow refers to the money you have coming into your business and the money going out. If you have more coming in than going out, you’re winning – but there’s more to it than that. ... [more +]
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