Recognizing the warning signs of financial distress is crucial for a business's survival. Our latest blog covers the top seven red flags and actionable solutions.
Learn about the seven types of business insurance you need to know to protect your business.
Understanding the financial risks in your business and implementing mitigation strategies is key to surviving tough times. Get in touch to run your numbers through our new tool and discover your potential risks.
Looking for ways to boost your business's revenue while also ensuring its long-term financial health?
Thrive CA has you covered.
We've compiled six simple yet effective tips that will help you keep your finances in order and set your business up for success. Don't let financial uncertainty hold you back – follow our guide and take control of your company's future today.
Trying to navigate the complex world of business finance? Our handy guide elaborates on the top four financial metrics that small business owners need to track for success.
Poor accounting practices can have a significant impact on the financial health of your business. Let’s see what the most common accounting mistakes are that damage your business so that you can avoid them!
Cash flow or profit: Which one is more important for your business? Learn the difference and how to prioritize between the two for long-term success.
Don't let the annual budgeting process slow you down! We have five tips to make the process fast and pain-free, so you can get back to running your business.
A crystal ball would be handy in business. Good-quality forecasting can be just as useful, giving you an informed view of the future of your business and finances.
Financial awareness begins with a personal budget. It doesn't mean living on bread and water, but instead managing your cash while gaining control of finances.
It’s been a while since we had any significant COVID support changes, but with the recent Northland community case of COVID we thought that it would be worth highlighting what support is available if there is a resurgence of COVID in NZ.
Covid-19 highlighted the importance of managing your working capital cycle & reducing how long cash is tied up in the sales process. More money won’t solve your problems if you don’t manage your working capital cycle! #WeCanHelp!
Cash is oxygen for your business and measuring working capital is your regular health check to keep your business alive; especially in turbulent times. #WeCanHelp identify strategies to increase #WorkingCapital
Your business may be profitable but is it solvent? Your #BalanceSheet is a key indicator of solvency; neglect it at your peril! Profitable businesses can & do go broke. Discover 4 areas of your #BalanceSheet focus to maximise success!
Unclear on the story your Balance Sheet tells? Don’t know how to calculate key ratios to measure the strength of your business? We can help demystify your Balance Sheet. The stronger it is, the stronger your business will be! Get in touch!
You monitor your car’s dashboard to avoid running out of gas or blowing up your engine… but do you monitor your business's dashboard? We can help you set up a dashboard to monitor the key things in your business #BuildABetterBusiness #10Steps #KPIs
Uncertain about the impact of COVID-19 on your business? We’ll help to remove some of the uncertainty with a strategy that prepares you for a post-coronavirus market.
The COVID-19 crisis has been stressful for almost everyone, and it’s no different for business owners. A great accountant can help you access support, prioritise spending, and keep you moving forward, even at the worst of times.
The COVID-19 Wage Subsidy has been in place for a few weeks now and we are starting to see commentary coming through regarding the obligations of employers who receive the subsidy and what options are available to employers during the lockdown period.
Data is only powerful with context, it needs to be accurate and organised and you need to be clear on the necessities vs the niceties.
Your Balance Sheet tells you whether the value of your business is going up or down, if the business is properly funded, and whether the working capital is at a healthy level. Profitable businesses can, and do, go broke if they have a weak Balance Sheet.
Understanding your numbers is critical if you want to control your business (instead of your business controlling you). Your Profit and Loss Report measures the overall efficiency of your entire business - enabling you to review your costs to improve your business’s profit and, ultimately, its value.
Your Trading Account is crucial in assessing how profitable your products and services are. 'If you don't know your numbers - you don't know your business.' - Marcus Lemonis.
Accountability is an interesting phenomenon. Many of us start our own businesses because we’re tired of being accountable to our bosses. Now, as the bosses, holding ourselves accountable can be difficult.
If you’re like most small business owners, there are never enough hours in the day to complete every task on your list. Here are three critical habits that every business owner needs to have in place to be successful.
Financial coaching may seem like an unnecessary luxury, but it’s the key to growing your business and having a good time while you’re doing it.
Expense claims are an administration burden for all businesses. What should be a simple task of reimbursing employees can quickly slide into a paper-filled back-office nightmare. Xero Expenses was launched last week to streamline this process.