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First Class Accounts

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25.01.2022 #2020 is coming to an end, so now it's time to think about #cashflow moving into the New Year. Do you have the knowledge to build solid cash flow for down times and a post COVID plan? This will ensure your #business is ready for whatever comes your way. Whether it's this sustained environment of #lockdowns and re-openings or having an idea of what your business recovery may look like. Whatever happens out in the world, having a cash flow forecast is crucial for planning your business future.

24.01.2022 To say you want to have a #moneymindset may seem a little weird, but the language we use is a powerful tool to creating opportunities that bring in #profit to the #business. Sometimes our language (and even what we say to ourselves) can be very negative though, without us even realising it. From saying things like "money is the root of all evil" to "I won't be able to charge that much." Word choice matters, especially if we want to create a positive mindset around business. Shake off the negative language and stop feeling shame when we want our #smallbusiness to make money:

20.01.2022 With more #onlineshopping on the horizon there is potential for more conflict; how do you manage your #refund and #replacement policy? Firstly always be sure to be across the Australian Consumer Law (ACL), be sure to display your refunds policy for your customers to see and have a clear and understandable process. Making sure this is all in place BEFORE the sale, can save you time and money and leave you time to work on your #business:

16.01.2022 #WorldMentalHealthDay, which was on the 10th October 2020, gave the opportunity for us all to reflect on what a difficult and unprecedented year #2020 has been. It's also important though, to focus on #mentalhealth in the long term. It’s estimated that 45 percent of Australians will experience a mental health condition in their lifetime, with the most common being anxiety and depression. So maybe spend some time reflecting on what your #business can do for its employees, an...d the community at large, to be part of this conversation. #Xero has compiled some tools and resources available in your region:

12.01.2022 No-one, and particularly time-strapped #businessowners, want to spend their #Xmas holidays chasing invoices. We all want to use our time to get products on (and quickly off) the shelves so we can kick back and relax over the Xmas week with mulled wine and warm mince pies. So how can you make the best of your time during this important #shopping holiday? ... Well, optimising your payroll is where you need to start: See more

11.01.2022 #COVID is forcing many businesses to #pivot their #strategy, including determining whether or not to offer new products and create better experiences for their #audience. But how? How do you step outside your #comfortzone and allow yourself to think creatively, especially as a risk-averse small business? #BusinessChicks offer some great ideas in this piece on what it takes to transform your #business. From re-framing problems into opportunity to allowing space for collaborative creativity in your business this is a great short read:

10.01.2022 #Jobkeeper and #Jobmaker have presented some solutions for the #workforce impacted by #COVID19, but what about the #business community? The Government has recently updated measures to help #businesses that have a #commericallease. This includes temporary holds on evictions and a mandatory #CodeOfConduct for commercial tenancies to support #SMEs affected. The code and its principles will be implemented and regulated by your relevant state or territory, you can check them here:

08.01.2022 Invoicing is a key part of #smallbusiness and it causes the greatest amount of stress for business owners as it can impact #cashflow. So can you improve how you manage your invoice payments? Absolutely, and it's not as complicated as you may think. Graham Bowers from #MYOB looks at, as there is no holistic framework offered, how businesses must determine for themselves how best to use the systems on offer.

02.01.2022 A new report by Deloitte, The Ethical Advantage, shows that when a #business makes great ethical choices, it boosts a return on assets by 7%. We know that ethical failure costs businesses money, causes a loss of trust and is damaging to their #brand. But what are the actual economic benefits of ethical best practice? What else can we gain by being more ethical as a nation? #SmartCompany talks with #businessleaders about when their businesses have behaved ethically they have also made a profit, and more than that, they have enhanced their reputation and built trust with their stakeholders.