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A Beginner’s Guide to Cash Flow Forecasting

Posted by XO Accounting on Mar 24, 2021 4:30:00 PM

Nobody wants their business to fail. Although it’s impossible to predict the future with 100% accuracy, a cash flow forecast is a tool that will help you prepare for different possible scenarios in the future.

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Topics: management, planning, business owner, Coronavirus, company

5 Personal Finance Hacks To Start Now

Posted by XO Accounting on Feb 22, 2021 4:45:00 PM
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Topics: management, planning, business owner, Coronavirus, company

5 Practical Tips to Trim Your Overhead Costs

Posted by XO Accounting on Dec 17, 2020 11:00:00 AM
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Topics: management, planning, business owner, Coronavirus, company

4 Payment Options Your Small Business Should Consider

Posted by XO Accounting on Nov 25, 2020 3:00:00 PM
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Topics: management, planning, business owner, Coronavirus, company

7 things your invoice needs in order to get paid faster

Posted by XO Accounting on Nov 5, 2020 1:00:00 PM
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Topics: management, planning, business owner, Coronavirus, company

Creating a Business To-Do List

Posted by XO Accounting on Oct 9, 2020 10:00:00 AM
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Topics: management, planning, business owner, Coronavirus, company

Essential Tips to Grow Your Family Business

Posted by XO Accounting on Sep 15, 2020 12:03:13 PM
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Topics: management, planning, business owner, Coronavirus, company

Preparing for the end of JobKeeper

Posted by XO Accounting on Aug 17, 2020 11:45:00 AM

When the government announced the $70-billion JobKeeper program to support businesses and their employees during the COVID-19 pandemic, many small- and medium-sized businesses and non-profit organisations heavily relied on this scheme to stay afloat.

According to a recent survey by the Australian Institute of Company Directors on the impact of COVID-19, over 40% of the respondents reported reliance on JobKeeper payments. 47% of SMEs indicated that the JobKeeper Scheme had provided the most relief.

 

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Topics: management, planning, business owner, Coronavirus, company

A Guide to Business Recovery in the Pandemic World

Posted by XO Accounting on Aug 10, 2020 10:00:00 AM

As you well know, the COVID-19 pandemic is not just a public health issue, it’s also caused lockdowns and resulting financial worries on a global scale.

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Topics: startup, management, planning, business owner, company

Protect Business Reputation by Planning for Big Sales

Posted by XO Accounting on Apr 13, 2020 9:45:00 AM

A business plan is essential for business development. But even with a solid plan there is some aspect of unpredictability. There are a multitude of variables that have to be taken into account, any of which could have great impact on the prosperity of a small business.

Sales forecasting may well be the most difficult and complicated of all areas covered in a strategic business plan. To predict sales, a business has to consider numerous economic, demographic, and social variables.  Because sales has a major impact on income stream, a business plan should include a continuity strategy for dealing with poor sales performance. But what happens if a business does better than expected?

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Topics: sales, planning, financial planner, Sales forecasting

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