Is Xero Getting Smarter or is the ATO Better Organised?

by | Wednesday, March 14, 2018 | 10 Report on Financial Activities, Business Tools, Finance Training Courses Online, MYOB, News, Small Business, small business management, Xero online training course

SBR is making it easier to lodge your reports In 2010, the Australian government launched an initiative to simplify business reporting obligations, by enabling the accounting software to populate information from various government reports to save businesses time and...

The ATO will be Visiting Cash Businesses

by | Tuesday, June 6, 2017 | 06 Plan small Business Finances, 10 Report on Financial Activities, Business Startup Help with starting a new business, Business Tools, Finance Training Courses Online, Small Business, small business management, training courses, Xero online training course

Cashed-based business? Time to move ahead CASH CONTINUES TO be common in some types of businesses. However, the ATO urges Australian businesses to be aware of the numerous advantages of electronic payment and record keeping systems — especially in the long run. The...

Do Circulating Asset Provisions Protect You?

by | Tuesday, May 30, 2017 | 09 Monitor & Manage Small Business Operations, Business Tools, Small Business, small business management, training courses, Xero online training course

How to use your assets as security for a loan YOUR BUSINESS MAY need working capital in order to grow, but perhaps you are reluctant or unable to secure a loan for it. If you have in place sound credit management procedures, one option is to sell your receivables —...

“Factoring” or “Debt Collection”: Which Will Work Better for You?

by | Tuesday, May 23, 2017 | Finance Training Courses Online, Small Business, small business management, training courses, Xero online training course

Did you know you can “sell” your debt for cash? CREDIT MANAGEMENT IS a serious issue for all businesses. Debtor non-payment is a chief reason many businesses fold — a sentiment driven home by Director, FIFO Capital Newcastle, Zsolt Bircsak....

Are Customers Legally Obligated to Pay You?

by | Wednesday, May 10, 2017 | 03 Legal & Risk Management, Business Tools, Finance Training Courses Online, Small Business, small business management, training courses, Xero online training course

Want to get paid? Have a contract in place! THERE ARE PLENTY of risks to operating your own business, but the largest ongoing one is making certain that your customers pay you, and do so on time. This is known as debt or credit management. Each state has their own set...