Simple Mistakes

As the new financial year is now upon us and hopefully everything has settled down, I thought it would be a good time to give you some home work.

This is a great opportunity to introduce some new rules around how you do business and the best thing is you can safely blame the changes on your accountant. 

The Financial Year

As we are getting close to the end of financial year I thought it might be a good opportunity to talk about what options you have for collecting your outstanding debts.
Most businesses already know exactly what is on their bad debt list at this point.  There are a few steps to follow to work out what you need to do next.

Who's fault is it

Sometimes we come a cross some very unfortunate situations, but worth sharing here as you never know if you may find yourself in the same position!!

A young man rang our office wanting us to collect a debt as he had been in a car accident and some stupid woman had run into his $35000 car and done $7000 worth of damage.

Financial Pain

There is so much uncertainly at the moment around the financial status of Australia

I receive a daily report from a well known business blog, where I regularly read about large iconic companies going into receivership, this makes me question what effect the financial crisis has really had on small business in Australia.  Locally this is a subject I am being asked about constantly.