If your business is like many other small businesses, you probably think you have all your financial systems in place. You might not realise that you’ve missed something until it is too late.
As Business Victoria says, keeping on top of your business finances can be hard work, but being aware of your finances can improve your cash flow and profitability. Being prepared and doing financial forecasts can help you raise finance and prevent the unexpected from harming your profitability too.
To help you, they have put together a quite comprehensive checklist to make sure you have the financial basics in place. The checklist includes links to financial tools and templates that will help you fix any problems you identify as you work your way through the form.
The checklist covers areas such as wages, supplier basics, sales and marketing, pricing, budgeting and more.
If you do nothing else to maintain your financial health this week, I encourage you to download the list and start working your way through it.
If you find gaps that you don’t know how to fill or perhaps don’t have the time to work on it right now, give us a call on 02 9997 5662 today.
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"Sophie is so professional – careful, attentive and punctual – she has made managing my accounts not just easier, but a whole lot less stressful" Fast Ed, TV Chef from Better Homes & Gardens.
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