How to Ensure your Variable Expenses don’t drown your Business

Posted by Kelly Morgan on 25-Feb-2019 10:44:18



Fixed expenses are known, and often they are the ones that businesses focus on because they are the big ticket items. Staffing costs, rent, insurance, vehicle or machinery leases, etc. When we are cost cutting it is these items that we look to see how we can reduce the costs.

However, what many businesses often forget about is the variable expenses. They can be the frivolous amounts that we spend which add up over time and can make a significant difference to our bottom line. They can also be unexpected expenses that blow the budget and leave us with less cash flow than anticipated.

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Topics: Business accounting, Business success, business advisory, business strategy

7 Tips for setting up a killer Invoicing System that always gets you Paid

Posted by Kelly Morgan on 11-Dec-2018 08:13:45



Generating and sending invoices can be a time-consuming process. Still, it's not a process that should be skipped or ignored. A properly designed invoice helps a business get paid and provides legal protection for both parties.

Asking your clients or customers to pay an invoice isn’t the highlight of the day for business owners. However, it’s an essential task that will make or break your business. 

Here are our 7 top tips when setting up a killer invoicing system:

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Topics: Azure Group News, tax invoice, Business accounting, Invoice, invoicing system

5 Useful Tools for Startups to overcome their "journey difficulties"

Posted by Michael Derin on 29-Nov-2018 10:10:32



Despite accounting’s boring reputation, it can't be emphasized too much how essential it is that your business follows best practice accounting principles right from the start. No matter what size your startup is, there are some fundamentals that even the smallest self funded startup should be applying from the get go.  

To keep your people costs down it can be beneficial to automate as many of your processes as you can. 

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Topics: Startups, Startup Australia, Sydney Accountants, Business accounting, startup accountant, startup problems, accounting tools

How to avoid a Tax Hangover this Festive Season

Posted by Azure Group on 20-Nov-2018 12:13:56



It’s beginning to look a lot like Christmas...

While Santa’s checking his pressie list, make sure you check out our 8 tips to get yourself and your Business ready for the Festive Season. 

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Topics: Azure Group News, cashflow, Business accounting, Accounting Firm Sydney, Small Business Accounting, tax obligations, taxation, forecasting, christmas

Can you do the math? What's 25 percent of $148?

Posted by Azure Group on 18-Oct-2018 09:57:05



One area that many entrepreneurs and small business owners undervalue is math. What do we mean by math? The ability to, at any moment, know the critical numbers that calculate whether you are profitable or not.

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Topics: Azure Group News, Entrepreneur, Business accountants, Sydney Accountants, Business accounting, Accounting Firm Sydney, Small Business Accounting, business advisory

If you sell your products overseas you may be eligible for the Export Market Development Grant

Posted by Michael Derin on 11-Oct-2018 08:45:29



If you have a local operation that produces or manufactures a product you know the challenges of running this sort of business. It might be successful and you might think it would be a good product to sell overseas. However, many Australian business owners struggle with the thought of exporting a product because of the complexities and expenses. Some great businesses with fantastic products just never leave our shores because it just isn’t financially viable to invest in the set up of such a venture.

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Topics: Azure Group News, international business, EMDG, Lodgement, Business accounting, Export Market Development Grant, EMDG Lodgment, EMDG application

How Business Owners can avoid a Cashflow Crisis

Posted by Kelly Morgan on 20-Jul-2018 09:53:20

 

Cashflow! Managing the money coming in versus the money going out and getting the timing of this to all line up can be stressful. Cashflow is critical and is one of the major factors in business success and failure.

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Topics: Azure Group News, Business Growth & Cashflow, cashflow, Business efficiency, Business performance, Business accounting, Small Business Accounting

5 Reasons you should Seek Advice from an Accountant

Posted by Azure Group on 17-Jul-2018 08:47:15

Often when we have a tough business decision to make we are at a loss as to who we should get advice from. There is often a fear that professionals have their own agenda so we shy away from asking. Instead many people turn to family or friends. While they might have your best interests at heart, they are often ill equipped to advise on business or finances. This can mean that you get the wrong advice and make ill informed decisions.

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Topics: Business accountants, Outsourced accounting services, Accounting sevices, Sydney Accountants, Business accounting, Accounting Firm Sydney, Small Business Accounting

How to choose the right Bank for your Small Business

Posted by Azure Group on 06-Jul-2018 08:44:35

How to choose the right bank for your small business?

When you are first starting out in business you don’t know what you don’t know. There are so many decisions to make, and banking probably doesn’t seem like a big decision. You will probably go with who you have your personal banking with. But your banking choices can lay the financial foundations for your future financing opportunities. You should at the very least be looking for a bank that is supportive and reliable.

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Topics: Lending, Business banking, Small business loans, Business banking manager, Sydney Accountants, Business accounting

Business Owners: 5 Tips to get the most out of your Accountant

Posted by Azure Group on 29-Jun-2018 08:51:21

A good accountant is vital to your business operations. Not only for planning accounting and tax, but for advice on almost all aspects of your operations. Therefore ensuring that you have a good relationship with your accountant is critical.

So how can you increase your chance of getting what you need from your accountant to grow your business? #sydneyaccountants #news #smallbusinessgrowth

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Topics: Business growth, Business accountants, Outsourced accounting services, Accounting sevices, Business efficiency, Sydney Accountants, Business accounting, Accounting Firm Sydney, Small Business Accounting