8 Simple ways to improve your cashflow

Separating your personal and business finances is a must for any new business owner.

Understanding the financial risks in your business and implementing mitigation strategies is key to surviving tough times. Get in touch to run your numbers through our new tool and discover your potential risks.

Looking for ways to boost your business's revenue while also ensuring its long-term financial health?

Thrive CA has you covered.

We've compiled six simple yet effective tips that will help you keep your finances in order and set your business up for success. Don't let financial uncertainty hold you back – follow our guide and take control of your company's future today.

Looking for a cloud accounting software that's cost-effective, user-friendly, and packed with automation features? Look no further than Xero! Widely regarded as the gold-standard in the world of accounting, Xero offers a range of benefits for businesses of all sizes. In this article, we'll explore the top five automation features that make Xero stand out from the competition, giving you more time to focus on growing your business.

Don’t set and forget your Personal Budget! Monitor your progress to achieve your goals. Dedicate 1 hour each month to track how you’re progressing towards your budget.

We all know having a personal budget will improve our finances, but there are other unexpected benefits of budgeting. From improved communication to more effective personal goal setting, we can help you reap the rewards of personal budgeting.

Temporarily trimming what you take personally from your business will boost your business recovery. Contact us for our free personal budgeting template to reduce the strain and improve your cashflow as you rebuild post COVID-19.

Cash is King. To work out how fast you can grow your business, you need to look at your projected cashflow. Talk to us. We are here to help.

Growing electronic connectivity between small businesses, accountants, and financial institutions coupled with cloud accounting and traditional methods will help your debtor management.

With more than 85% of SMEs expecting a lower profit in the next nine months, the more prepared you can be for the unexpected, the better. Talk to us about smart ways to get your costs under control or whether you need to increase your prices.

You’ll wonder how you ever survived without one.

Leading up to the holiday period, is your business cash flow in good health to carry you through? This time of year can be hard on small business. Make a plan early to ensure healthy cashflow over the holidays.

Holiday breaks are a time to re-charge for the year ahead. But, for business owners, it can be stressful without careful cashflow planning. Have you got the strategies in place to ensure you are in the best financial position this year?

Want to control the destiny of your company? If you’re only looking back at historic numbers, you limit the insights you’ll gain. Forecasting highlights your future threats and opportunities – and creates a proactive strategy for the future. 

Temporarily trimming what you take personally from your business will boost your business recovery. Contact us for our free personal budgeting template to reduce the strain and improve your cashflow as you rebuild post COVID-19.

If the #Covid-19 crisis highlighted the inadequacy of the cash reserves in your business, you must implement strategies replenish your reserves and ensure you have enough cash to sustain your business. We can help!

Weathering the storm? Small businesses are particularly vulnerable in tough economic times. We can help with strategies for healthy cash flow, so you can continue to thrive.

Working capital is a vital component of any successful trading business – providing the liquid cash needed for everyday operations. Suddenly finding your business without this cash can be a shock, but there are ways to fill these cashflow holes and get the business back on track.

Cash must continue to flow and you must continue enforcing your Terms of Trade. Triage customers and offer options for those severely impacted. A change of approach is needed; empathy and flexibility now will pay off later

The Small Business Cashflow (Loan) Scheme (SBCS) has been introduced by the Government to support businesses struggling due to a loss of actual or predicted revenue as a result of COVID-19. We provide an outline of the scheme and the potential issues that you need to be aware of before applying for the SCBS Loan.

The Government has announced their economic support package for the NZ economy with the intention being to provide short-term stimulus to the economy while supporting the necessary isolation measures to slow the spread of COVID-19.

Leading up to the holiday period, is your business cash flow in good health to carry you through? This time of year can be hard on small business. Make a plan early to ensure healthy cashflow over the holidays.

Don’t procrastinate on the collection of your debtors! The longer you leave it, the harder it becomes to get paid.

Have you ever been in a meeting with your accountant, hearing how much profit you’ve made and being congratulated on a lift in performance, but in the back of your mind you’re wondering where the cash is and how you’re going to make payroll tomorrow? Don’t worry, you’re not alone!

Cashflow is confidence - the more you have, the better! Try these strategies to help take control of your cashflow.