Like any other business, if you’re starting a construction business it pays to do it properly. That means getting your accounts in order before you take on any work. But building projects can last for months or even years and you might be both an employer and a contractor. Plus, construction accounting regulations vary around […]
Cash Vs Accrual Accounting – It’s All About Timing
What are the two methods? Understanding cash and accrual accounting comes down to timing. In a cash-based accounting system you recognise income and expenses when they happen, that is, when the money arrives into or leaves your bank. In an accrual-based accounting system, income is recognised at the date the customer is invoiced and expenses […]
Farm Accounting – 10 Tips
What Is Farm Accounting Farming is a business with unique accounting needs. The specific challenges you face in running a successful and thriving farm, requires tailored business advice. Not many other businesses rely on living produce and have so many factors that can dramatically affect profit and loss. Managing these well using all the accounting […]
Choosing A New Business Bank Account?
A business bank account is an essential requirement for any business. But with so many banking providers out there, how do you know which business account to choose? The key is to know what you require from a bank account, and to choose a bank that understands the banking, financial and funding needs of your […]
Finding The Balance
Looking for a little more work-life balance? Sometimes it seems impossible when you are in the thick of it. The following ideas might help provide some light at the end of the tunnel. Prioritise – Work often dictates to us, rather than the other way around. Create a list of all the things that need doing […]
Planning For Seasonal Dips In Income
Seasonal dips in income can be highly challenging when you’re a small business. But there are proactive ways to predict, plan for and overcome these dips in revenue. The key to dealing with seasonal dips is to know when they’re most likely to occur, and to have measures in place to spread your income and […]
Understanding Who Your Customers Are Is Essential For Your Business
Successful businesses really understand their customers. Knowing your target audience is half the battle when it comes developing successful marketing activities. When you understand the specific characteristics and needs of your customer base, you can deliver your solution at the right price, in the right place and in their language. Learn more about your customers […]
Nail Your Marketing Goals This Year
Marketing is all about making a connection with people looking for solutions. And now that we (mostly) control most of the channels we advertise through such as your website, your Facebook page, your Instagram feed or your email database, it’s time to make the most of them. Build some time into your day to ensure […]
Recruiting New Staff? Start With A Plan
When you are employing staff, there are a number of things to consider for your business. Before you place the job ad, review your current staffing. Is there existing talent and capacity within your team that could cover the role? When you’ve established that your current staff capacity requires you to hire, you’ll want to […]
