Category: Financial Management

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Calculating car parking fringe benefits

Added by 7 years ago

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Car parking provided by an employer to an employee (or associate) is subject to FBT. FBT applies to car parking where one of the following benefits is provided: a car parking fringe benefit; or an eligible car p...

Effective management of costs and costing systems

Added by 7 years ago

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It is important that your business keeps an effective costing system to ensure your prices (and cost management) are accurate. Even simple records can make your costing system more efficient and easy to run. Your c...

Adopting stock purchasing and control procedures

Added by 7 years ago

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When buying stock there are two crucial components. Firstly, you must have a system in place so you are fully aware of the stock you need to replace and methods to predict when stock may diminish. Secondly, it is vita...

Managing your petty cash

Added by 7 years ago

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We do not yet have a completely cashless society. This is unfortunate for business owners, because managing petty cash is time consuming and often prone to error - out of all proportion to the amount of money involved...

Analysis techniques for financial management

Added by 7 years ago

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Over the years, a great many useful analysis techniques have been developed for financial management. Ratio analyses and break-even analyses are among the most popular. These concepts are not easy to describe and w...

How to create an efficient bookkeeping system

Added by 7 years ago

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Creating a bookkeeping system It is prudent to make sure you understand the necessary bookkeeping processes needed to keep your business' financial details in check. You may plan to call in a bookkeeper to do the b...

How to raise money for your franchise

Added by 7 years ago

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To understand where you can go to acquire the necessary capital to start, better manage, or expand your venture, you must first become acquainted with the various types of money available, how it is generated, and in ...

Business Start-Up Cash Needs Form

Added by 7 years ago

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Before you can start your new business, you will need to know how much cash you will need onhand to pay the initial start-up costs. This form not only gives you an idea of what you need to consider but also allows you...

Choosing accounting software

Added by 7 years ago

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There are well over 100 different accounting and management software packages available in Australia, and choosing the right one for your business can be difficult. Outlined below are some of the key points you sho...

Looking in the crystal ball – forecasting cash flow

Added by 7 years ago

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Having sufficient cash flow is essential to the survival of your business. Therefore, you also need to predict how much is coming in, from where and when. If your accounts are accurate and up-to-date, you can exami...