The idea of implementing a new stock management system can be really daunting. It can mean huge internal process change, not to mention incredibly time consuming to manage and can be quite costly to implement.

The beauty of Xero is it can be so simple to start. But the chart of account (all those income and expenses you can allocate to) are preconfigured, which means as business has changed…some changes should be made.

We’ve been working with a client who a few months back found themselves in a real spot of bother when it came to cash flow.

Managing your cashflow is easier in Xero if you utilise planned payment dates.

I know it seems like I’m constantly banging on about Cash flow and Gross Margin and that would probably be because I am.

Let’s talk about your Gross Margin. Do you know the margin on the stock you sell or the services you offer? And if you do know, do you track its development?

One of the biggest misconceptions amongst small business owners is that KPI’s are something that big businesses set and track.

Happy New Year!! I hope you all took the time to celebrate your wins in 2018, enjoyed some well-deserved downtime, are feeling refreshed and ready to take on 2019.

This week I was sitting down with a client and an all too regular comment was made - “Seriously, why can’t people pay on time?”