What Happens If Startups Pay Cash Bonuses at Christmas?

Founders can be cavalier when the prospect of new work comes around, so they quote a price for a service and get to work.  Doing this can mean they spend more time on the job than anticipated, or incur more cost, and passing this onto the customer can be tricky

A quick look at how Bridge Charts (sometimes called "Waterfall Charts") can help visualise movements in your profit and loss or cash flow statement.

Getting a new business off the ground can be hard enough without making some common financial mistakes.

Improving when customers pay will improve cash flow.  Lowering outstanding amounts to customers will mean your business draws less on sources of credit and savings.

Today we look at some ways to our clients find helpful to keep on top of GST.

Many startups will use an area in the family home for business purposes.  You do not need to set aside a specific area for business, but if you do you can claim that proportion of home expenses as a business deduction.

Ever wondered why you sign those pages at the back of your financial statements and what purpose they serve?  A quick look at company minutes, specifically the ones attached to your annual financial statements: the shareholders' and directors resolutions, and directors' certificate.

Book some time in the diary over the next few weeks to catch up on your finances, from organising your books right through to forecasting what's coming up.

The Single Ledger is a Superhero and Adjusting Journals are Evil - we’re starting to see more accounts come through where the former accountant has adjusted the online accounting system with an adjusting journal, or not at all.