One of the key factors in good cash flow management is how you manage your Accounts Payables i.e. suppliers who give you terms to pay. A key measurement in managing this, is knowing your average Accounts Payable Days.
Search
Latest Article
9 Smart Strategies to set your financial roadmap to better profit and cash flow…
How to make more profit in business may not be the first thing aspiring business owners think of when they dream of taking control of their own destiny.
How To Stop Customers Using You As A Bank
Some customers will use you as a bank if they can. Better to use your goods and/or services and not pay until they have to. Here are some suggestions to speed up payment.
Workflow Management & Cashflow in the Automotive Industry
Let’s take a look at why workflow management is vital for a business. The automotive industry is currently in a state of transition due to consolidation away from small family run operations towards more corporate-run multinational organisations.
How Your Business Accounts Could Be Hindering Growth Opportunities
You know how it is when you look at the reports that come out of your accounting system and you’re not entirely convinced they’re telling the real story… We see it so often, where transactions have been incorrectly handled or…
How to squeeze an extra $69K profit with one small change in operations…
The example below shows a $69K or 38% profit improvement achieved with a 5% increase in labour utilisation i.e.
The Perks of Hiring an Outsourced CFO
If it’s important to you to understand your financial position and know the numbers in your business, an outsourced CFO could be the answer to your prayers.
Financial Controller v CFO
Hiring a Financial Controller or CFO is the key to avoiding self-managed finance When your business is in financial growth mode, there’s only one thing worth more than the money you’re bringing in: the steadfast business advice you need to…
Planning An Exit Strategy For Your Business
Don’t risk making your business exit without an exit strategy If you’re like most business owners, you have plans to one day retire, leaving a healthy legacy for others to carry on into the future, and reap the rewards of…
Are you selling all the hours you’re paying for?
If you employ people to provide services to customers, it’s vital to manage the hours invoiced to customers compared to those you pay to staff. Reason being the differential is potential lost income to your business and precious profit.
Learn How to Get Your Bank Loan Approved
What you missed at the Webinar CFO Brendan Raftery shared with the audience the benefit of his experience in helping clients to secure business loans, including the following: How to articulate your business opportunities and ensure they are realistic Your…
Where is the cash in your business? Often it’s just not in the right place at the right time…
It seems to be a perennial issue for business owners that cash flow is an issue. You’ve got suppliers on your back for payment, customers that take too long to pay… plus a bunch of other places where cash gets…
What You Missed at ‘The Top Driver For Profit… It’s not the one you think!’ Webinar
One of our fabulous CFOs – Andrew Free – recently shared some very useful information about pricing at a webinar.
Overcoming the ‘How can I afford this?’ roadblock to getting good financial advice…
It seems to be a perennial issue for business owners that they know they need help … but struggle with the concept of paying fees to get it… when they’re already struggling with profit and cash flow.
