This post may contain affiliate links which means I receive a small commission at no cost to you when you make a purchase. Freshbooks is an accounting software that was founded in Canada in 2003. It started as an invoicing software that has expanded hugely over the years. It is now a double entry accounting…
I’ve had a few queries about the Resurgence support payment & Wage Subsidy lately, especially how to calculate the revenue drop. Remember that it is also a requirement to keep records of how this information has been calculated. If you use Xero, creating the required reports is really simple however if you use MYOB or…
Covid 19 has made it a necessity to be able to work from home, and with the increase in online cloud based software it has made it possible to start up your laptop and work from almost anywhere. Even though it can be convenient working from home it comes with a whole new set of…
Anyone who owns a small business will know that the biggest challenge is getting paid on time and managing cashflow. Some things can be done to combat the threat of late payments and smooth out cashflow. Given the issues that can be caused by late paid invoices, it makes sense to keep on top of your…
After reading the first part of this business finance & funding options series you will know that any finance will not do even when you are desperately keen to grow, buy or start a business. If you choose the wrong type of finance for your business you could severely affect your cashflow or halt your…
New business owners often use their own money or personal loans to provide the finance required to grow their businesses. Personal finance is normally used as it is often easier to get than business finance. However alternative lenders can now provide fast and easy business funding & finance. There are risks in using personal finance…
Whether you are employed or have your own company everyone pays ACC Levies. These levies fund injury claims. Being a small business owner or self-employed means that you will pay an ACC Work Levy each year. If you employ staff or allocate a shareholder salary there is an ACC Earners’ levy. These levies cover you…
The most important part of writing a business plan is thinking critically and forcing yourself to answer crucial questions about strategy for your business. This can be done in one page or 30 pages, below are some business planning tools and apps to help you write your plan. If you need more information on what…
An invoice is a document that gets given to customers that outlines the goods or services that they are being billed for. Invoices are used to record your sales and keep track of who has and hasn’t paid. Invoicing is extremely important for businesses. Invoices help tell the story of your businesses cash flow and…
Business Expenses are costs that are incurred in the running of a business and most expenses incurred can be claimed to reduce a business’s net profit. Which in turn will reduce your tax bill. These include: Accounting and bookkeeping fees Professional association memberships Business premises rent Mobile phone & internet bills that are business related…
