14 10, 2021

Small business and the ‘accounting gap’ issue that MUST be resolved

By |2022-11-17T13:12:51+10:0014 October 2021|

This white paper discusses the 'accounting gap' issue for small businesses - an issue that MUST be resolved for any small business to become a successful larger business. Smaller businesses face a serious disadvantage compared to larger businesses when it comes to financial management support. This can leave management unsure of how the business is performing and with a limited understanding of how the drivers of profit are behaving. This puts the business at a high level of risk, impacts its ability to raise finance, and ultimately devalues the market value of the business if the owners wish to [...]

28 09, 2021

Beware the coming CASH TRAP as your business emerges from COVID-19

By |2022-06-22T13:16:07+10:0028 September 2021|

Can your business finance its rebuilding as we emerge from the long era of COVID-19 lockdowns? As we finally move out of this prolonged period of lockdowns and border closures, many businesses that have experienced a fall in revenues will be able to start rebuilding their businesses back to pre-coronavirus levels. But how many of these businesses are fully aware of the “cash trap” they are facing? And how many have a plan for financing their businesses as they try to overcome this “cash trap”? The sad and ironic reality is that many businesses will have survived the two [...]

15 09, 2021

Accessing finance – why it’s CRUCIAL to have strong financial controls

By |2022-06-22T13:16:44+10:0015 September 2021|

Accessing debt to finance your business growth opportunities is a critically important requirement to achieve business success. All lenders place a heavy reliance on the financial reports provided by applicants. Lenders are very sophisticated businesses and they will have experienced people scrutinising the applicants for finance. If you assume their default position is that the application should be denied - and that their job is to find the reasons why it should be denied - you can also assume they will take a sceptical approach to assessing the reliability of financial reports. So, to ensure that you can verify [...]

9 09, 2021

What are the financial management requirements of your business?

By |2022-06-22T13:16:52+10:009 September 2021|

It depends on your management culture and the stage of your business lifecycle How different levels of financial management services can add value to businesses in relation to their lifecycle stage Stage 1: Start up/Early stage Requirements will vary for the different profiles of businesses in this stage. Profiles will include: Limited capital/grunt equity/lengthy early stage Well capitalised/short early stage Financial Management Issues: As the management team grows, reliable financial reporting becomes more important for profitable decision making Early-stage companies often have under-developed financial reporting capabilities. This requires appropriately structured general ledger [...]

21 07, 2021

“3 WAYS” to instantly improve business performance

By |2022-06-22T13:17:03+10:0021 July 2021|

The importance of 3-Way Forecasting in the growth phase of your business This article discusses the importance of 3-Way Forecasting in a growing business because: growing businesses face unique issues management need strategies for a range of outcomes a detailed understanding of the drivers of revenues and costs is critical to business success a detailed understanding of the impact of the balance sheet on cash reserves is critical to business success incorporating a 3-Way Forecasting system into the planning and operational activities of the business provides clarity on the impact of key drivers of business performance Growth [...]

Title