How to minimise the economic impact of COVID-19 on your business

Published: 20 March 2020 Practical measures to maintain your cashflow As the COVID-19 situation continues to evolve, we are hearing our business clients ask “what can I do now to get ahead of the curve?” in terms of minimising the economic impact on your business. Mostly importantly, we would suggest that you act now. There are steps you can take now that may put you in a better place down…  Read more

Financial health check

Financial Health Check When was your last financial health check? A financial health check is a great opportunity to set things in order, re-group and look back to ensure your finances are on track, and of course to re-balance and plan for the months ahead. Best practice around reviewing your finances begins with a calculation of your net worth. Save this somewhere so it’s easily accessible next year, and you…  Read more

Life stage FP for women

Life stage financial planning for women At every life stage, from their 20s to their 60s and beyond, it’s vital for women to make specific financial plans and strategies thanks to their specific life and career patterns. Despite a higher likelihood of career breaks and reduced hours of work, women can still actively and positively manage their own financial futures. The best way to do this is by seeking advice,…  Read more

Use your Accounting Software to Boost Sales

If you think accounting software is just for tracking expenses and generating financial reports, you’re losing out on an opportunity to improve your bottom line. By taking advantage of insights provided by your software solution, you’ll benefit from a more informed approach to marketing and customer service – and by making the most of all the ways your software can improve productivity you can take meaningful action to increase profits.…  Read more

Identify your break-even point

Without knowing your break-even point, you can’t make informed business decisions. To cover the costs of your business you need to sell enough goods or services to reach your break-even point. Knowing where that point is, and how long it will take you to reach it, can be fundamental to your success. This is especially true if you’re thinking about starting or buying a business. Calculate fixed and variable costs…  Read more

Strengthening your balance sheet

Your balance sheet (now more correctly called a Statement of Financial Position) reveals a great deal about your business, including the total value of your assets – the things you own; how much you owe to others – your liabilities; and the level of your solvency. These three aspects will be studied carefully by lenders and investors − and by buyers if you intend to sell your business. But they…  Read more

Get more financial tips, strategies and ideas delivered direct to you.

Subscribe now