Do you know what a revenue is? As a business owner, this is one of the key factors to keeping your business afloat. Revenues represent the total income generated by a business through its primary activities, such as sales of goods or services. Profit, on the other hand, is what remains after deducting all expenses from the total revenues. It's essentially the financial gain earned by the business. Reconciling revenues and expenses is crucial for understanding the financial health of a company and for making informed decisions about its operations and strategies. The more you know, the better your business. I can help you understand your revenues and keep your business afloat. Serena Phillips Bookkeeping Turning chaos into clarity, one ledger at a time.
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In the crazy fun world of business, it's essential to pause and take a second look if things don't seem right. I am often heard saying; "If it doesn’t look right, feel right, or smell right, take another look". This principle guides us, from day-to-day transactions, defining goals, to growing businesses that know we have their best interests at the heart of what we do. We specialise in helping small to medium businesses not only navigate the complex world of accounting and bookkeeping but also in crafting clear, actionable plans that drive profitability and confidence though our 'Guide Your Growth' programme. We understand the unique challenges small and medium businesses face and believe in a partnership approach to overcome them. Why choose us for your business needs? Understanding Small Business: We get to know your business inside out. This isn’t just about numbers; it’s about your vision, your goals, and how you see your business fitting into your life - Not the other way around! Growth-Focused: Our services are designed not just to keep your business compliant but to identify opportunities for growth. We help you see beyond your numbers. Actionable Plans: We provide clear, actionable steps that you can take to move your business forward. It’s about making progress every day. Confidence and Profitability: With our support, you’ll gain the confidence to make informed decisions that help boost your bottom line. We’re not just looking for clients; we’re looking to build long-term partnerships with businesses that are seeking to grow responsibly and profitably. If our saying above resonates with you and you’re ready to take a second look at how your business operates, we’re here to guide you through every step of the way. Are you ready to redefine what’s possible for your business with a partner that truly understands your vision and goals? Contact us today at www.beyondyournumbers.nz. Let’s start a conversation that could change the direction of your business.
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Do you struggle to retain profit in your business? You're not alone—many small business owners face the same challenge. But the good news is, there’s a solution. The Profit First methodology is a game-changing approach that helps you prioritise profit and create sustainable growth for your business. With Profit First, you’ll gain the clarity and control you need to ensure your hard-earned money stays where it belongs—in your business. And with our CEO Vanessa, a certified Profit First Professional, you’re in expert hands. Ready to transform your finances? Reach out to us today! https://lnkd.in/drDuqVAR
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Helping business 10x their profits with tailored financial strategies| Finance Director
**Business owners need less of this:** - Worrying too much about keeping under the VAT limit. - Always trying to pay as little tax as possible. - Always looking for the cheapest accountant. **And more of this:** - Focusing on making your business bigger and better. - Understanding that managing taxes properly is part of running a good business. - Choosing an accountant who does the numbers AND gives good business advice. **Here’s why:** Focusing just on saving money can hold your business back. Instead, if you invest in good advice and aim for growth, your business can become stronger and make more money in the long run. This approach not only helps in building a successful business but also ensures you’re on solid ground financially.
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Ireland’s only Certified Profit Strategist | Accounting Technician | Xero Partner Founder @gracefulaccounting Founding franchisee with @TheBusinessSuccessCompany Board member @TheClubWomensNetwork
Wise Words from Richard Branson: "Never take your eyes off your cash flow as it’s the lifeblood of your business." Richard Branson’s advice powerfully reminds us that cash flow is the beating heart of every successful business. No matter how great your products or services are, your business can quickly find itself in trouble if your cash flow isn't healthy. How Bookkeeping and Forecasting Help 1. Accurate Bookkeeping: Keeping your books up to date ensures you have a clear picture of your finances. It helps you track income, monitor expenses, and identify cash flow trends to make informed decisions. 2. Cash Flow Forecasting: Forecasting allows you to anticipate future cash needs, plan for slow periods, and avoid potential shortfalls. It’s like having a financial roadmap that helps you steer your business in the right direction. 3. Proactive Management: By regularly reviewing your cash flow forecast, you can make proactive adjustments—negotiating better terms with suppliers, tightening up receivables, or cutting unnecessary costs—to keep your cash flow positive and your business thriving. Remember, cash flow is the lifeblood of your business. By staying on top of your bookkeeping and forecasting, you can ensure your business remains healthy, resilient, and ready to grow. Get in touch if you want to get a handle on your cash flow and profitability.
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Empowering small business owners to understand their numbers, in order for their dreams to take flight.
Do you know what keeps your business thriving day in and day out? It’s not just your products or services—it's your cash flow. Understanding and managing your cash flow is crucial to your business’s success, and here's why. What is Cash Flow? Cash flow is the movement of money in and out of your business. It’s the revenue you generate from sales, services, or other operations, minus the expenses you incur. Think of it as your business’s heartbeat—steady and strong, it keeps everything running smoothly. Why Does It Matter? Even if your business is profitable on paper, poor cash flow can lead to missed opportunities, inability to pay bills, or even insolvency. Healthy cash flow ensures you have enough liquidity to cover day-to-day operations, invest in growth, and weather unexpected challenges. At HB Accounting we can ensure you have visibility of your cash flow and ensure that you take action where needed to overcome any dips.
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Integrated Finance Partner Engaging Business Leaders to Create More with Less through Optimization and Transformation from Start-up to Exit.
Struggling to understand why your business isn't growing as expected? Your business's growth isn't just about hitting revenue targets. Sometimes, the problem isn't in the numbers you're tracking, but in the ones you're not. Consider these 5 overlooked financial challenges that could be holding you back: 1. Fixed vs. Variable Costs Understanding the balance between your fixed and variable costs can unlock strategies to manage your expenses more effectively. Keeping fixed costs low can provide more flexibility and resilience for your business. 2. Break-even Analysis Knowing when your business will start to make a profit is crucial. A break-even analysis not only helps in setting realistic sales goals but also in planning for future growth. 3. Cash Flow Forecasting A lack of cash flow can cripple even the most profitable businesses. Regular cash flow forecasting allows you to predict peaks and troughs in your cash balance, helping you to avoid financial shortfalls. 4. Customer Acquisition Cost (CAC) vs. Customer Lifetime Value (CLV) Are you spending more to acquire a customer than they're worth in the long run? Understanding the relationship between CAC and CLV can guide you in optimizing your marketing strategies and product offerings. 5. Financial Compliance and Tax Planning Failing to comply with financial regulations or to plan for taxes can result in fines and penalties, eating into your profits. Effective tax planning and compliance are foundational to safeguarding your bottom line. Facing these challenges means really getting into the nuts and bolts of how your business handles money. 🔗 Want to dive deeper into keeping your business financially strong? Check out my free guide - link in bio.
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Do you know what keeps your business thriving day in and day out? It’s not just your products or services—it's your cash flow. Understanding and managing your cash flow is crucial to your business’s success, and here's why. What is Cash Flow? Cash flow is the movement of money in and out of your business. It’s the revenue you generate from sales, services, or other operations, minus the expenses you incur. Think of it as your business’s heartbeat—steady and strong, it keeps everything running smoothly. Why Does It Matter? Even if your business is profitable on paper, poor cash flow can lead to missed opportunities, inability to pay bills, or even insolvency. Healthy cash flow ensures you have enough liquidity to cover day-to-day operations, invest in growth, and weather unexpected challenges. At HB Accounting we can ensure you have visibility of your cash flow and ensure that you take action where needed to overcome any dips.
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Bookkeeper• Bank Reconciliation• Accounts Payable• Accounts Receivable• Profit and Loss• Balance Sheet• Accounting•
2 Consequences of Bad Bookkeeping in your business. 1. Cash flow issues Even if your business is profitable not tracking cash inflow and outflow can cause your cashflow to completely dry up. 2. Poor Decision making Each business decision, whether involving hiring employees, business development, or marketing Cost, has to be based on your business’s current financial health. Poor financial health means poor decisions which will translate to negative or zero growth in revenue and profit.
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Tax Strategist and Bookkeeper @ NMC Payroll Solutions Helping Small Business Owners reduce their tax liability, and implement Tax Planning strategies, Bookkeeping, and Payroll Management.
Here's your quick and easy checklist to ensure you cover all the bases. Your business plan can be a powerful tool for understanding your market and mapping out your future. Follow us for more bookkeeping and business tips! Stay up to date as you grow your business. . .
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Wise Words from Richard Branson: "Never take your eyes off your cash flow as it’s the lifeblood of your business." Richard Branson’s advice is a powerful reminder that cash flow is the beating heart of every successful business. No matter how great your products or services are, if your cash flow isn’t healthy, your business can quickly find itself in trouble. How Bookkeeping and Forecasting Help 1. Accurate Bookkeeping: Keeping your books up to date ensures you always have a clear picture of your finances. It helps you track income, monitor expenses, and identify cash flow trends so you can make informed decisions. 2. Cash Flow Forecasting: Forecasting allows you to anticipate future cash needs, plan for slow periods, and avoid potential shortfalls. It’s like having a financial roadmap that helps you steer your business in the right direction. 3. Proactive Management: By regularly reviewing your cash flow forecast, you can make proactive adjustments—whether it’s negotiating better terms with suppliers, tightening up receivables, or cutting unnecessary costs—to keep your cash flow positive and your business thriving. Remember, cash flow is the lifeblood of your business. By staying on top of your bookkeeping and forecasting, you can ensure that your business remains healthy, resilient, and ready to grow.
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