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WNA Blog Home » Accounting Articles

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 […]



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 […]