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THE BUSINESS CASH CYCLE

Many of you reading this article will know of recent business failures, some of which will have had a direct impact on your own business. Sadly, many of these failed businesses may well have been profitable and failed simply because they ran out of cash. The importance of cash to a business can easily be compared to the importance of air to a human – cut off the supply and the end is imminent.In a typical business the cash cycle looks something like this:...

CONGRATULATIONS, MRS GRIFFITHS!

NZ Art Show AwardAt Eden Perich Prewett we’re not just accountants – we’re loving and caring spousestoo!  Scott’s better half Belinda was recognised for her art last week at the NZ Art Show in Wellington.  Read more about it here....

MYOB BUSINESS MONITORING SURVEY

A recent MYOB business monitoring survey showed some interesting results (food for thought), and made some focused conclusions about the key business pain business clients have right now.Here’s what they concluded about current business pain:CashflowPricing and profit marginsCredit managementInterest ratesBusiness financing/banking adviceThey also concluded that the areas that businesses are really looking for help on are:improved procurement processesaccess to an affordable bsuiness...

BANKLINK UPDATE

We have been advised by Banklink NZ that a software update has been released and is available for download here:You may get a message to update your software next time you try and run the banklink software or load our data file.Please do contact us if you need any support with this.If you haven’t already registered to have your bank data sent to us electroncially and you are interested in receiving this service, please call us at the office on 09-636-3332.Have a great week!...

PAYE DUE TODAY

Just a quick reminder that your monthly PAYE is due today.Check out the full list of essential tax dates for May 2011 here...