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WNA Blog Home » Bookkeeping 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 […]



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 […]



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 […]