Reporting

The Importance of Cash Reserves

The Importance of Cash Reserves

It seems a long time ago now but the arrival of the pandemic in 2020 brought home to all of us the importance of having cash reserves. Whether you are a sole trader, a small or medium business or a not-for-profit organisation, there’s nothing better than a healthy...
The Bad News: There is NO Money in the Bank

The Bad News: There is NO Money in the Bank

Accountant and Bookkeeper conversations commonly centre around clients not understanding how they have made all of this profit, yet there is NO money in the bank. Accountants and BAS Agents: Is this your experience? You have prepared the financial statements and tax...
Simple Reports to Start a Conversation

Simple Reports to Start a Conversation

In business there comes a time when facts are required to get down to the nitty-gritty conversations. Whether they are KPIs, financial figures or performance statistics, using numbers helps us to understand situations and make recommendations as to why they have...
Statement of Cashflows

Statement of Cashflows

While the Statement of Cashflows is a popular report amongst accountants, it’s not generally so well understood by business owners and managers. This report identifies actual cashflow on the main bank accounts and breaks this analysis down to operating, investing and...

Passing the test with the Bank

Everyone seems to be complaining about all the issues and frustrations that have come as a result of the GFC.  Finance from banks is one of the top causes of these complaints, with good reason; it is a lot harder to secure a loan than it was ten years ago.  Banks now...