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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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Work-life balance losing out, as small businesses spend their evenings chasing invoices

Written by Xero on September 4th, 2017.      0 comments

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More than a third of businesses are concerned about cash flow. One in three small/medium business (SME) owners spend their evenings doing business administration and nearly 30 per cent of SME owners want to spend less time at work, according to Xero.
 

Set up Xero prompts to automatically send reminders

Written by Rose McNair on February 17th, 2017.      0 comments

xero-gold-partner-logo-hires-RGB-382Now you can set up a prompt in Xero software to automatically send out Invoice reminders to your customers.

No chasing up payments, sending another invoice paper copy or having an awkward phone conversation.

 

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.
 
 

Keeping track of receivables in XERO

Written by Alliott NZ Chartered Accountants Auckland on May 9th, 2016.      0 comments

xero-certified-advisor-logo-hires-RGB(copy)Debtors? Receivables? They all create extra work for a business. However, once you’ve added an invoice to XERO it is easy to keep track of who you need to pay, who needs to pay you and when. Alliotts' new receptionist and admin guru, Yani, runs you through how straightforward the process is.
 

Prompt your late payers WITHOUT the click of a button

Written by Natalie Allan on January 19th, 2016.      0 comments

xero-certified-advisor-logo-hires-RGB(copy)Do you dread that day of the week? Going through which clients haven’t paid, sending each and every one an overdue notice.

The good news is that Xero can automatically email reminders to your customers without you having to lift a finger. 

 

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?