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The Business Advisory Blog

Welcome to our blog

Insight, news and updates from Alliott NZ Chartered Accountants, Auckland New Zealand. The views expressed here are the views of the author and should be discussed in further detail should an article be relevant to your individual circumstances.

While every effort has been made to provide valuable, useful information in this publication, this firm and any related suppliers or associated companies accept no responsibility or any form of liability from reliance upon or use of its contents.  Any suggestions should be considered carefully within your own particular circumstances, as they are intended as general information only.

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Bank reconciliation made fun

Written by Vanessa Williams on October 16th, 2017.      0 comments

xero-gold-partner-logo-hires-RGB-382There’s a long list of unpleasant things most business owners would rather do than bank reconciliation. Traditionally, it’s mindless and time-consuming.

However, the bank reconciliation functionality within Xero feels more like a video game than work.
 

Successful ventures don’t operate in the dark

Written by Greg Millar on October 9th, 2017.      0 comments

Spotlight Reporting Super VCFO lock up-962Spotlight Reporting is Xero's most popular advanced reporting software add-on, providing another level of insight that all business owners who aspire to success should embrace. 

Here at Alliott NZ, we also exist to help our clients to succeed.
 

Managing cash flow Pt 2

Written by Greg Millar on September 18th, 2017.      0 comments

NZD calculator-857Anyone running a business knows the story: one day, there is a pile of cash in the bank, then it appears to disappear overnight.

Here are some more tips to help you manage your cash flow if you ever find yourself in this situation.

 

Managing cash flow Pt 1

Written by Vanessa Williams on September 14th, 2017.      0 comments

nz money 100s 50s generic n2-451Anyone running a business knows the story: one day, there is a pile of cash in the bank, then it appears to disappear overnight.

Here are some tips to help you manage your cash flow if you ever find yourself in this situation.

 

Xero's tips for managing a late payment

Written by Greg Millar on April 18th, 2017.      0 comments

stress2-706Are overdue invoices keeping you up at night?

Check out Xero's four useful tips to help manage late payments.
 

Xero introduces Apple Pay

Written by Vanessa Williams on December 16th, 2016.      0 comments

edm-icon-champion-badge-gold-667This week Xero released their latest integration with Apple, the ability to pay Xero invoices with Apple Pay. Mobile payments are the way of the future. It’s predicted that by the end of this year, mobile payment transactions in the US will grow 210%.

 

Risk management - debtors

Written by Vanessa Williams on December 5th, 2016.      0 comments

nz money 100s 50s generic n2-451Debtors are a major risk for small and medium enterprises. If your business is lagging behind in terms of late payments, read what you can do to lessen debtor days outstanding and collect the cash that your business needs.

 

Avoid the cash flow surprises that could kill your business

Written by Greg Millar on October 25th, 2016.      0 comments

xero-gold-partner-logo-hires-RGB-382We all know that cash flow is king. But just how much sway does it have? Well, you might want to ask the nine out of 10 small businesses that have failed because of cash flow problems.

According to Dun & Bradstreet 90% of small businesses close their doors because of poor cash flow management.
 

Running on empty?

Written by Anthony McIlroy on August 4th, 2016.      0 comments

panic-456When you have more money going out of the business than is coming in, if you can’t pay your bills, you’re running at a loss. You may have a big order in the pipeline that will cover you but you might need to seek out a loan to cover you until the money comes through.

You can distinguish temporary cash flow issues from larger issues but, either way, you need to act.
 

Free up cash by reducing receivables

Written by Anthony McIlroy on July 27th, 2016.      0 comments

nz money 100s 50s generic n2-451At Alliotts, we can help you understand the impact of your cash flow of either offering credit terms or reducing your days in receivables. It could be significant and it’s different for every business.

If you’re interested in finding out what it looks like for your business, then read on.
 
 

NZ Tradies - Make more money, do less paperwork!

Written by Anthony McIlroy on March 10th, 2016.      0 comments

we understand tradies-980 Alliott NZ in conjunction with Tradeworx and Lawyer Karen Overend present a seminar for BUSINESS OWNERS IN THE CONSTRUCTION SECTOR on 14 April in Auckland.

Click here to register for free.

#helpingyoutradebetter
 

How to know if your Accountant understands your Building Company

Written by Anthony McIlroy on October 30th, 2015.      0 comments

we understand tradies-980When speaking with your current accountant, do they have a good handle on what drives your business?

We list 6 targeted questions you can ask yourself to find out.

 

How’s your business cash flow leading into Christmas?

Written by Anthony McIlroy on October 23rd, 2015.      0 comments

nz money 100s 50s generic n2-451The age old saying, “Cash is King” certainly holds true throughout Christmas! Not only do you want to have enough money to enjoy the summer break, you also need enough to cover GST, payroll taxes, provisional tax and staff holiday leave.
 

Timely reminder for NZ construction and trade businesses

Written by Anthony McIlroy on September 29th, 2015.      0 comments

deadline-225Exceeding your business potential?

Did you know that Alliotts not only works with construction and trade businesses to minimise tax, file GST and income taxes. We also work with businesses like yours to establish what is needed to really get humming.

#helpingyoutradebetter

 
 

How to buy business software

Written by Greg Millar on August 27th, 2015.      0 comments

technology-549The challenge of purchasing anything for your business is not merely a ‘click and buy’ exercise. Often business owners have to invest considerable time researching the next upgrade, the best financing options, or weighing up the impact on cash flow.

Opting for the right solution is essential for the smooth operations and further growth of your business, so here are 5 dos and don’ts to help you find the best solution.
 

Accounting can be sexy!

Written by Vanessa Williams on August 24th, 2015.      0 comments

ipad outside screen-253If you're running a small business and doing the books, we find there are typically four key questions business owners want to know that need answering on a regular and accurate basis.

Is your accounting system up to the task, or do you continually play catch up trying to make sense of all the data you're crunching, often when it's too late to use it meaningfully?
 

Consider a mentor to guide you in the right direction

Written by Vanessa Williams on July 23rd, 2015.      0 comments

consultant-885In our experience we typically find there are seven success areas for a business to thrive. From managing cash to making sure you have the right talent in place, it can be daunting year after year.

As a business owner, can you confidently tick each box on your own? Or would having a mentor - essentially a business buddy or a sounding board - help keep you on track as well as achieve results?
 

Tradies - Make more money, do less paperwork - free seminar

Written by Anthony McIlroy on July 22nd, 2015.      0 comments

Tradies event banner G+-126-620
Free event for business owners in the NZ construction sector,  hosted by Alliott NZ Chartered Accountants and other industry experts.

Tuesday, 11 August 2015 from 10:30 AM to 12:00 PM | Parnell, Auckland

Searching for a better way to build a thriving business doing what you do best?

Let us help you get on the right track – FOR FREE.

 

Cash flow - the number one issue for small business

Written by Vanessa Williams on July 17th, 2015.      0 comments

nz money 100s 50s generic n2-451Preparing for unpredictability when it comes to your cash flow will make your business even stronger.

Formal cash flow forecasting is common practice for conscientious business owners as it’s a great way to budget each financial year.

However, developing a forecast can be more complex than simply stating your likely monthly outgoings and income. With the many internal and external variables that can contribute to the growth or decline of your enterprise, provisioning for these in your forecast can be difficult. We outline Alliotts approach to making your next forecast as accurate as possible.