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WNA Blog Home » Accounting Articles

Get Paid As Quick As A Flash!

June 16, 2017 | Lisa Stoneham

One of the major causes of cash flow stress in a business are your customers’ taking too long to pay you (or not paying you at all). Many a business has been forced to shut its doors due to this problem. If you want your customers to pay you quickly you need to make it […]



Goodbye Paperwork!

May 15, 2017 | Lisa Stoneham

This may not be the advice you expect from a bookkeeper, but with a smartphone and an app, keeping track of your business is simple. Tools like Receipt Bank and Squirrel Street connect in to online accounting systems, allowing everyone in your business to keep up-to-date from anywhere. These tools have OCR technology that enables […]



Financial Enlightment – Understanding The Numbers

May 11, 2017 | Dianna Jacobsen

When running a small business, much emphasis is put on [ominous music….] the ‘dreaded financials’!  These two words are designed to strike terror into the hearts of small business owners everywhere! We are meant to ‘make friends’ with our Financials, to use them to make informed decisions, to feel empowered, and for leverage towards some […]



Business Structures – Sole Trader

March 24, 2017 | Katherine Hawes

In Australia, there are four main business structures commonly used by small businesses.  They are; sole trader, partnerships, companies and trusts.  Each structure has its advantages depending on the needs of the business in the areas of tax, asset protection, control and succession, flexibility as well as set-up and ongoing costs.  In this blog we […]



Do You Know If Your Business Will Have Any Cash Next Month?

March 17, 2017 | Lisa Stoneham

In my last blog post we explored the annual budget. The sixth and final part of our series of blog posts on ‘Understanding Your Numbers’ will look at the cash flow forecast to identify what information it provides and how to make the best use of it. Your Cash Flow Forecast report is an estimate […]



The Late Payment Culture in Australia is a Boon for Invoice Finance Companies

February 28, 2017 | Guest Blogger

Business conditions in Australia have surged in recent weeks and a reprieve from a hike in interest rates seems likely, at least in the short-term. The ASX 200 has risen and data from a national survey carried out by the National Australia Bank shows that business confidence is now 10, which is the highest it […]



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 […]