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Category: Blog

13 Reasons To Tune Up Your Accounting System

by Sue Hirst – CFO On-Call The reports that come out of your accounting system tell the final story about how successful your business operations were.  It makes sense to ensure it’s set up as well as possible, to give  the best opportunity to learn how well you’ve done and how you can do better […]

Little Leaks That Keep Business Owners Poor

by Sue Hirst – CFO On-Call ‘Overheads’ will not be a new term to most Business Owners.  You see them each month or year when you print out a Profit and Loss report from your accounting system.  Some accounting systems by default calls Overheads ‘Expenses’. It’s a listing of what you have spent money on […]

Your net income should exceed your gross habits!

… or Why separate your cash-flow from the Business When asked the key to financial happiness one business owner said –  ‘Your net income should exceed your gross habits!’ Jokes aside, I urge business owners to keep their own finances separate from those of the business, in order to manage both sustainably and for the […]

Happy Staff = Happy Customers… Who Are Happy To Pay!

by Sue Hirst, CFO On-Call Whether you’re new to business or a seasoned operator, it can sometimes be difficult to know what to focus on.  Business owners/managers are expected to be in control of: Product/service development Marketing and Sales Operations and Finance Customer Service Human Resources I’ve put them in the above order because firstly […]

Forget EOFY… Think BOFY!

by Sue Hirst, CFO On-Call If you’re reading this within three months of the end of the Financial Year your timing’s immaculate! But… I really want to discuss your plans for ‘Beginning of Financial Year’. Your BOFY. Here’s a checklist of what to focus on to ensure sustained and improved profits this year: 1. Sales/Gross […]

NOW is the time for Business Exit Planning

Anyone can create or build a business. But how do you exit the business successfully? The decision of whether to exit your business or not, is never a simple decision. Most business owners hesitate or even procrastinate when making decisions about succession and transfer of business ownership’s. It’s natural to avoid thinking about matters that […]

The Top Driver for Profit… It’s Not The One You Think!

By Sue Hirst – Director, CFO On-Call Key Financial Drivers in business are what drive the results.  They can have a huge impact on business financial results.  A small change can have surprising results, as we will illustrate later in this article. One of the most sensitive drivers of business profit is Costs or COGS. […]

Do You Make This Mistake In Your Numbers?

Do You Make This Mistake In Your Numbers? by Sue Hirst, Director – CFO On-Call   How to Calculate your Mark-up the Right Way! Costing and pricing is a key issue in tendering and quoting for work and it must be correct and commercially attractive.  A common problem is getting simple mathematics wrong. When pricing […]