Budget calculator
Our free budget household calculator will help you track your spending and income so you’ll know exactly where your money is being spent. […]
Content Topic: Finance
Profit & loss statement template
Did you make any money? Profit and loss statements are also known as income statements or a P&L. It records your income and expenses costs over a set time period (usually a year). Download (PDF) Download (XLSX) […]
Loan calculator
Use this calculator to determine the amount you need to repay for your loan. Click the Payment schedule below the calculator to see your repayments over time. Use the compare loans tab to enter the details of an alternative loan so you can see the difference another option would make. […]
Cashflow forecast template
Will you be able to pay your bills month by month? This template, helps you to make decisions by forecasting sales, estimating expenses, and predict cash flow in and out. Download (XLSX) […]
Creating cash reserves checklist
How can you create an emergency fund? Cash in the bank acts as a buffer and can help you better weather the ups and downs you may encounter in running your business. Reserve cash buys you more time if things go wrong, and it allows you to experiment and test new ideas without needing immediate […]
How to make your fixed assets work harder and provide a better ROI
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. It’s a great ratio to assess the […]
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Why do I have to pay tax when I made 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 […]
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The power of cash flow forecasts
At some point in its lifetime, every small business suffers from cash flow problems. The trick is to think ahead and figure out when these problems are going to arise, so you don’t have to unexpectedly postpone a purchase or hurriedly seek out additional finance. This is where cash flow forecasts come in. To effectively […]
How to scale your business for growth
Growing a business is one of the most fundamental goals for all small business owners. Successful businesses are those that are always looking for opportunities to grow and making the most of them. What is scalable growth? Scalable growth involves balancing the increase of your profits against the increasing costs of manufacturing your products or […]
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 be easy to spend money on growing your business rather than […]
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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 other companies (from Facebook to Instagram to Google Drive to your bank account) are actually in physical computer […]
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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 where money is concerned. And even though accounting software does most of the hard […]
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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 option isn’t necessarily the best. While most accounting […]
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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. Hidden sources of finance Most business owners immediately think of the bank or loans when they’re short […]
