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Is your business in financial trouble? How to spot the ‘Red Flags’
Keeping the balance sheet “out of the red” is a top priority for any business owner. To do this and “stay in the black”, it’s important to be regularly scanning the horizon for any signs that you could be heading towards rough financial waters. There several indicators of potential financial trouble.
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Signs It’s Time to Consider a New Accountant
Deciding to change accountants can feel like a big step, but as your business grows it may become a very necessary one. So how do you know when it’s time to make the switch? Here are five questions to ask yourself before making this important decision.
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How a Good Accountant Can Help Alleviate Tight Cash Flow
You know money is coming in, and it is definitely going out – but for some reason you don’t feel like the business is actually running a profit. Sound familiar? This could be because there are blockages in your working capital cycle (WCC), and it is important that you identify these before they become a large burden on your daily business operations.
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How to Apply For a Bank Business Loan: Maximise Your Chance for Funding
Most businesses will need bank funding at one time or another – whether it is to purchase new plant and equipment, move to larger premises, or employ more staff - read on for tips that can help maximise your chance for success.
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Essential Financial Tools for Enhanced Business Decision-Making
Taken together, the balance sheet and profit and loss statement represent a complete financial picture of a company and provide valuable “decision-relevant” information. Ratio analysis, in particular, is a useful management tool that can help improve your understanding of how well your business is performing financially and can be used to spot trends over time.
