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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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Precise Cash Flow Management: Best Practices

Written by Vanessa Williams on October 5th, 2020.      0 comments

NZD calculator-857Improving your cash position brings opportunities and reduces business risk. In the absence of equity and debt financing, alternative cash-flow management strategies can make a positive difference.  These ideas will not apply to ALL businesses but perhaps there are some you can implement. 
 

5 Steps to Stronger Cash Flow Management

Written by Greg Millar on September 14th, 2020.      0 comments

nz money 100s 50s generic n2-451Some businesses are finding opportunities in the COVID19 environment while others struggle. Common to all businesses is the need for astute cash management. In our article, we look at some best practices to help you best utilise your cash.
 

$30,000 scam in similar method to Team NZ

Written by Vanessa Williams on July 6th, 2020.      0 comments

scam-701-357An NZ business owner was scammed out of money after a fake invoice was sent to his business. Even though he caught the scam within a couple of hours of the money being sent, banks were not able to retrieve the funds.

Topics: invoices , scam
 

Human cost of late payments

Written by Greg Millar on July 15th, 2019.      0 comments

xero-platinum-partner-badge-RGB-608When businesses aren’t paid on time, it doesn’t just affect the bottom line – it affects people.
 

Watch Your Cash Flow

Written by Vanessa Wiliams on July 12th, 2019.      0 comments

consultant-885Read why the key thing for you to do is to be aware of the necessity to monitor your cash flow position on an ongoing basis, particularly relating to work in progress, stock, debtors and creditors.
 

Xero updates Winter 2019

Written by Greg Millar on July 1st, 2019.      0 comments

xero-platinum-partner-badge-RGB-608We outline some of the newest updates happening in the world of Xero that should hopefully brighten up your working day. 
 

XERO PROJECTS Tasks and expenses

Written by Vanessa Williams on April 29th, 2019.      0 comments

xero-platinum-partner-badge-RGB-608Xero has introduced more granular invoicing options in Projects, allowing users to show time as individual line items on an invoice. Users can now choose to include details such as the staff member, date, task and description from their time entries. This feature is available on both the web and the Projects mobile apps versions of Xero.
 

Invoicing Survival Guide

Written by Vanessa Williams on January 23rd, 2019.      0 comments

xero-platinum-partner-badge-RGB-608Getting paid quickly should be easy – but the invoicing process can often take more time than the work itself. Read Xero's in-depth invoicing guide to help your business thrive.
Topics: invoices , Xero
 

GoCardless with Xero

Written by Vanessa Williams on December 3rd, 2018.      0 comments

xero-platinum-partner-badge-RGB-608Wish your cash flow was more predictable? Xero has teamed up with GoCardless so you can accept direct debit payments, to get your ad-hoc and recurring payments flowing without having to go to great lengths.
 

Xero security notice

Written by Greg Millar on November 28th, 2018.      0 comments

xero platinum logo 210x70 px-629Do not click on any links or attachments in suspicious emails.  Find out more about how to identify phishing and other malicious emails, and how to stay safe online in this latest Xero security alert.
 

Xero add-ons for your business

Written by Greg Millar on August 29th, 2018.      0 comments

xero-gold-partner-logo-hires-RGB-382As well as bringing up your profit margins, add-ons also help save you time and streamline your cash flow. Work with us to empower your business with the technology to automate mind-numbing admin tasks, and focus on what you do best. So what add-ons should be on your hit list? 
 

What you need to know about e-invoicing in New Zealand

Written by Vanessa Williams on April 20th, 2018.      0 comments

xero-gold-partner-logo-hires-RGB-382If everything goes to plan, we could see the NZ or Australian governments use e-invoicing with their own suppliers as soon as the end of 2019. That would be the signal for businesses and software makers to line up behind a single e-invoicing standard.
 

5 tips to avoid the summer cash slump

Written by Greg Millar on December 19th, 2017.      0 comments

NZD calculator-857Summer can be a tricky time for cash flow. It doesn’t have to be; the quiet summer period can be incredibly productive. Use Xero's small business advisory panel's practical tips to avoid the summer slump.
 

Getting Business Structure Right

Written by Greg Millar on October 23rd, 2017.      0 comments

boxing gloves-840-800Learn why spending time on getting your small business structure right is just as important as the exciting times ahead as a new business startup.
 

Introducing Xero projects

Written by Xero on September 25th, 2017.      0 comments

xero-gold-partner-logo-hires-RGB-382Whether you’re a small business, or an accountant working with one, it’s important to know which jobs deliver the best return on investment, and which ones need to be reined in.

Cue projects in Xero: a simple way to capture, track and report on the time and money spent on each job so you can proactively invoice, make informed decisions and manage your business more efficiently.
 

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

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

xero-gold-partner-logo-hires-RGB-382
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.
 

Alliott NZ Case Study: Not another feel-good story about spring-cleaning

Written by Greg Millar on July 24th, 2017.      0 comments

broom-17Any professional in most industries could probably give you five good reasons why you should declutter and organise your life or your business every time the darling buds of spring appear.

For small and medium business owners, doing this is no longer about starting the warmer weather on the right foot.

 

Xero invoice branding themes

Written by Vanessa Williams on May 11th, 2017.      0 comments

xero-gold-partner-logo-hires-RGB-382Ever wondered how you might customise your invoices in Xero to suit your particular business needs?

Then we can answer that with two words “branding theme”.

Topics: invoices , 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.

 

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.