Author Archives: SRF Chartered Accountants

Once you get your small business set up and running, it’s time to think about accounting. Don’t let the word intimidate you. Accounting may seem complicated, but it doesn’t have to be. It all comes down to tracking how your business makes and spends money. “Know your numbers” as they say. There are different ways to track […]

The key to a successful farm business is to have your finances all straightened out. Unfortunately, some business owners are often overwhelmed by financial planning and don’t know where or how to start. Sorting your business finances doesn’t have to be complicated. You could start looking into your farm budget, and from there, you’d be able to[…]

Your cashflow is the lifeblood of your company, so why are you not paying attention to it? Cashflow forecasting is the process of analysing the inflow and outflow of money in your business within a given timeframe. Proper cashflow forecasting lets you anticipate dips and surges in your available fund so you could make the right decisions,[…]

We are well into January, and if you haven’t had the time to pause and think about your 2020 resolutions for your business, that’s okay. We understand how the first month of the year could be quite busy for business owners like you. To get you started, we’ve prepared a list of New Year’s Resolutions to help[…]

Are you struggling with accounting or other financial management matters? You’re not alone. Finance management is one of the top challenges of many small business owners across the country. Accounting is a significant stressor for some, especially when you’re doing it on your own. But it doesn’t have to be complicated. With the right tools and strategies,[…]

For many, entrepreneurship is an adventure. You chase your next big idea, turn it into a business, and live happily ever after. Easy, right? What you don’t see in this story, however, is what happens between ideation and success. Yes, building your own business is exciting. But the fun of being an entrepreneur comes with days and[…]

A healthy work-life balance reduces a person’s risk of burning out and quitting their jobs. It also helps improve their physical and emotional wellbeing. According to research, Australia ranked 27th out of 35 countries in terms of work-life balance. Although many individual factors affect a person’s capability to develop work-life balance, organisations could lend a hand to[…]

Just as a fisherman must watch the ebb and flow of the tides, an investor and businessperson must be keenly aware of the subtle shifts in cash flow. – Robert Kiyosaki Sometimes, it’s not the lack of sales that causes a business to fall into difficult times, but poor cash flow management. Accurate cash flow forecasting helps[…]

For many small businesses, bookkeeping can be a tedious process. It could take hours of your time, which you could be spending on other important things like managing your company. Fortunately, cloud-based accounting apps and platforms are now available to help you keep your books up-to-date. Cloud accounting solutions like MYOB and Xero offers a variety of features,[…]