What is the Process for Accounts Receivable?

What is the Process for Accounts Receivable?

Accounts Receivable (AR) has a much bigger impact on your business than you might think.  It’s important for all business owners to fully understand the process, so that they can maximise cash and cash flow.  Instead of “hoping” people pay their bills, a wiser...
Can an Accountant Help me with Business Strategy?

Can an Accountant Help me with Business Strategy?

Hiring an accountant is a big decision, especially if you’re just starting your business or are struggling to keep up with all the pressures and duties of business ownership. In this post, we hope to explain how an accountant may be just the thing that you need to...
How Do I Know Whether My Business Is Profitable?

How Do I Know Whether My Business Is Profitable?

Maybe you’ve been running your small business for a while now and things seem to be going well, however you’re not really sure if you’re making a profit. How can you tell?  It’s all about margins! What are Margins? Profit margins are defined as the “percentage of...
What Does an Accountant Do?

What Does an Accountant Do?

An accountant can manage many different aspects of the finance function in your business.  Yet, if you’re looking into hiring an accountant for your startup, it can be difficult sometimes to pinpoint exactly what an accountant can do for you. Why? Well, an...
How is Profit Connected to Cash Flow?

How is Profit Connected to Cash Flow?

As a small business owner, you’re concerned with how financially successful your business is.  But sometimes, even if you do small bookkeeping tasks, it can be difficult to make sense of things like profit and loss statements, balance sheets and other financial...