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WNA Blog Home » Accounting Articles

How are Australian Businesses Reacting to Current Consumer Spending Trends?

February 23, 2017 | Guest Blogger

If there was one economy that has appeared to be recession-proof during the last two decades, it is Australia. After all, this nation has remained impervious to a number of global economic contractions during this time, most notably in 2008 when the rest of the world crumbled under the weight of the so-called, Great Recession.  […]



Do You Know If Your Business Will Make a Profit This Year?

February 16, 2017 | Lisa Stoneham

In my last blog post we explored the aged debtors and aged creditors reports. The fifth part of our series of blog posts on ‘Understanding Your Numbers’ will look at the annual budget to identify what information it provides and how to make the best use of it. Your Budget report is an estimate of […]



Do You Know Who Owes You Money and Whom You Owe Money To?

January 27, 2017 | Lisa Stoneham

In my last blog post we demystified the balance sheet by exploring the different items in the report and what to look for in order to understand what a business owns and what it owes. The fourth part of our series of blog posts on ‘Understanding Your Numbers’ will unravel two more of the reports […]



What Does Your Balance Sheet Say About You?

October 10, 2016 | Lisa Stoneham

In my last blog post we demystified the profit and loss statement by exploring the different items in the report and what to look for in order to understand how well the business is performing. The third part of our series of blog posts on ‘Understanding Your Numbers’ will unravel another one of the reports […]



Is Your Business Making Money?

September 12, 2016 | Lisa Stoneham

In my last blog post, we discovered how critical it is to practice good financial management in your business and the different reports you can get out of your accounting system to help you understand what is going on in your business. The second part of our series of blog posts on ‘Understanding Your Numbers’ […]



Do You Know What Is Going On In Your Business?

July 29, 2016 | Lisa Stoneham

Did you know that the main cause of business failure is poor financial management?   Good financial management is how businesses make money. The odds of surviving in business long term are very slim if you fail to get it right. A very common scenario is that many people go into business with no real financial […]



Manage Your Asset Purchases To Hold Onto Your Cash!

June 30, 2016 | Lisa Stoneham

In our last blog post we concentrated on managing work in progress to keep the cash ticking over. The seventh and final part of our series of blog posts on cash flow will dive deeply into another cash flow driver – buying assets. Purchasing assets such as machinery, motor vehicles and equipment are very expensive […]



Manage Your Work In Progress To Keep The Cash Flowing!

May 27, 2016 | Lisa Stoneham

In our last blog post we addressed the challenge of managing inventory to avoid tying up your cash. The sixth part of our series of blog posts on cash flow will look closely at another cash flow driver – work in progress. Work in progress refers to a business’ partially finished goods or services awaiting […]



Manage Your Inventory To Avoid Tying Up Your Cash!

April 28, 2016 | Lisa Stoneham

In our last blog post we did a deep dive into managing accounts payable to conserve cash. The fifth part of our series of blog posts on cash flow will do a deep dive into another cash flow driver – inventory. It is absolutely critical to manage your inventory the right way to avoid tying […]



Manage Your Creditors To Conserve Your Cash!

March 30, 2016 | Lisa Stoneham

In our last blog post we did a deep dive into managing accounts receivable to keep cash ticking over. The fourth part of our series of blog posts on ‘Cash Flow’ will do a deep dive into another cash flow driver – accounts payable. If you manage your creditors in the right way you can […]