Financial Resources

GUIDES

How to Make Your Fixed Assets Work Harder

How to Make Your Fixed Assets Work Harder

An asset ratio compares your assets to another part of your business. So, you could be comparing assets to revenue, profit, the number of employees or their salaries – whichever you wanted to measure. For example, if your assets/salaries ratio increases, you may have staff over-ordering on equipment.

Dealing with Cash Flow Problems

Dealing with Cash Flow Problems

Below are some suggestions for unlocking funds without affecting your operational capacity. Keep in mind that you should always seek professional guidance before making changes to your business if you are unsure of the repercussions or potential issues.

How to Start a Business on a Limited Budget

How to Start a Business on a Limited Budget

So, you have a great business idea and are convinced you can make it work, but you don’t have much capital to get your business off the ground. Juggling existing financial commitments such as a mortgage or bank loans could put a squeeze on your business plans. A growing number of entrepreneurs are using creative thinking and shrewd planning to get businesses off the ground with the smallest budgets.

Why Do I Have to Pay Tax When I Had a Cash Loss?

Why Do I Have to Pay Tax When I Had a Cash Loss?

How can there be a profit if the year’s ended with no cash? It’s quite common for businesses to end the year with little or no cash, only to be told by their accountant that they made a profit and must now pay tax. The reason for this is that tax is decided on the net profit the business has made, not what it has left over.

How to Raise Capital for Your Business

How to Raise Capital for Your Business

Before you go down the path of seeking capital from outside your business, identify any other ways of raising capital. For example, do you have any savings (either in...

How to Start a Business on a Limited Budget

So, you have a great business idea and are convinced you can make it work, but you don’t have much capital to get your business off the ground. Juggling existing financial commitments such as a mortgage or bank loans could put a squeeze on your business plans. A growing number of entrepreneurs are using creative thinking and shrewd planning to get businesses off the ground with the smallest budgets.

The Pros and Cons of Outsourcing Bookkeeping and Payroll

Wouldn’t you like to be able to reduce your time spent on administrative tasks so you could focus on increasing profits and running your business efficiently? Now might be the right time to contract out bookkeeping and payroll. The pros of outsourcing As your business...

Why Do I Have to Pay Tax When I Had a Cash Loss?

How can there be a profit if the year’s ended with no cash? It’s quite common for businesses to end the year with little or no cash, only to be told by their accountant that they made a profit and must now pay tax. The reason for this is that tax is decided on the net profit the business has made, not what it has left over.

How Do I Choose the Best Accounting Software for My Business?

When you’re deciding what you really need to manage the books in your small business, it’s important to focus on your core business needs. So, there are some questions you need to ask yourself before you go ahead and make the purchase. Remember – the most expensive...

Why Should I Move All My Accounting to the Cloud?

What’s ‘the cloud’? Think of it like this: instead of storing and accessing your data from your own computer’s hard drive, you’re accessing other computer hard drives over the Internet. So all the information you’ve stored with...

Which Accounting Software Fits Your Business Best?

Accounting software is readily available at brick-and-mortar and online stores alike. As with any business decision, you’ll want to make sure to select accounting software that is a good fit for your business. Use these tips to choose the right accounting software for...

Six Ways to Solve 80% of Your Accounting Problems

Accounting problems can have serious consequences for your business and are definitely worth avoiding. Here we outline six ways to solve the majority of your accounting issues. 1. Know the difference between profit and cash flow If you’re a new business owner, it can...

How to Make Your Fixed Assets Work Harder

An asset ratio compares your assets to another part of your business. So, you could be comparing assets to revenue, profit, the number of employees or their salaries – whichever you wanted to measure. For example, if your assets/salaries ratio increases, you may have staff over-ordering on equipment.

Why You Need an Accountant and How to Choose One

Why accountants are necessary Unless you’re an experienced accountant yourself, it’s always best to have an expert overseeing your financial business affairs. As a business owner, you’ll probably be juggling several roles, but it’s not wise to spread yourself too thin...

How to Raise Capital for Your Business

Before you go down the path of seeking capital from outside your business, identify any other ways of raising capital. For example, do you have any savings (either in the business or you personally) that you could use? If you have unused assets in the business...

CALCULATORS

Product Pricing Calculator

Use the Product Pricing Calculator to work out materials, overheads and labor to work out the price you should charge for your products.

Download the Product Pricing Calculator

Trading, Profit & Loss Forecast

Use the Trading, profit and loss forecast template to compile a document that you can continue to use to measure your business’s health and progress.

Enter your projected monthly sales and costs to predict how profitable your business will be.

Download the Trading, Profit & Loss Forecast template

Cash Flow Forecast

Use the cash flow forecast template to compile a document that you can continue to use to measure your business’s health and progress.

The template is split into two sections, “Sales” and “Less Payments”. Enter your sales figures into the first section and your costs into the second.

The template will automatically calculate your sales and costs figures for you, to show you the cash surplus or deficit remaining.

Download the Cash Flow Forecast template

Service Pricing Calculator

Use the Service pricing calculator to calculate materials, overheads and labor to work out the price you should charge for your services.

Download the Service Pricing Calculator

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