Posts

Accounting as a Driver of Good Business Decisions

5 Ways an Accounting Function Should Create Business Value

Business leaders rely on the accounting function for a variety of purposes. One of these is compliance, but leaders should have much higher expectations of their accounting function.

Let’s look at how a multiskilled accounting function can provide critical support to enable the best outcomes.

Objective […]

eInvoicing and three ways it helps small business

Innovative small businesses are increasingly recognising the value of eInvoicing – the digital alternative to paper

Forget the papers piled in your outbox! Forget the PDF on your desktop!

The digital revolution is here

We’ve watched eInvoicing evolve into the critical customer tool it is for businesses today. Previously, electronic invoicing still required manual touchpoints. […]

How accurate data helps businesses survive the inflationary cycle

While big data remains the province of large corporates and governments, real-time data is more accessible to SMEs than ever before, SmartCompany reports

It’s allowing a generation of business owners who’ve had to rely on experience and gut feel, to transform their business into data-driven operations, and grow […]

Pricing Strategy to Drive Growth and Profit

Your pricing strategy

In some ways, managing a business is not so difficult, at least from a financial perspective. By attracting more customers or selling more to existing customers, you grow revenue.

You also try to ensure that revenue greatly exceeds expenses – in which case profits are high!

Simple, right? But what’s missing from […]

Digital and Skills Tax Boost for Small Businesses

Support for small businesses going digital and upskilling their employees

The Government is delivering $1.6 billion in tax relief

As part of the plan for a strong economy and a stronger future, the Technology Investment Boost will increase digital uptake while the Skills and Training Boost will help small business attract, retain and upskill staff.

[…]

Managing business cash flow and income

Managing small business cash flow and income in 2022

It’s been a lean time for small businesses, and especially the families supporting them.

Xero’s small business trends report shows that 60% of small business owners are worried about their household finances running low.

So while 2022 will hopefully be a year of rebounding sales […]

Get your business match fit as lockdowns lift

Each business is unique and faces its own set of challenges

Throughout the pandemic, here at Salisburys we have focussed on supporting our clients as they have navigated their way through the challenges and issues we have all had to face to varying degrees over the past 18 months.

Throughout these conversations, there were […]

COVID-19 JobSaver payment

About the COVID-19 JobSaver payment

Program closes 18 October 2021

Various Public Health Order restrictions and COVID-19 border closures have created challenges for many businesses across New South Wales that will either be forced to close or experience reduced demand.

JobSaver will provide cash flow support to impacted businesses to help […]

Bringing Cash to the Centre

Emerging Cash Management Best Practices

The initial response of many business leaders to COVID-19 was to ensure survival.

Most succeeded and, in the process, reinvented their business to suit the ‘new order’.

Some reduced the range of activities or down-sized in anticipation of better days. Others preserved cash by reducing external spending, cutting dividends, closing temporarily and […]

Knowing your financials is vital for success

The uncertainty of last year is in the rearview

But a bumpy road still lies ahead.

More than ever, businesses need to understand and manage their finances to navigate the new terrain of 2021, not just to survive but thrive.

2020 lost some great companies, and the years to come will take more. So how […]