100% Locally Owned, Independent and Free

100% Locally Owned, Independent and Free

B2B column: New financial year cash-flow management goals

Do you have a news tip? Click here to send to our news team.

Spit-roast specialist to open first Queensland eatery

A Canberra-based food business renowned for its slow-cooked roasts and wood-fired spits is making its first interstate move. Spit Shack, which is inspired by a More

Safe Phone service expands capacity

A service helping domestic violence victims stay connected to support has significantly expanded its capacity to turn donated mobiles into safe phones. DV Safe Phone More

Sami Muirhead: elixir for the soul

I have a new love language. It is bird song and it is making my heart sing. I have been given a gift from a More

B2B: family business succession planning

Here are a few quick tips to consider when starting succession planning: commence planning early in the life of the business; and always keep More

Iconic Norfolk pines targeted in poisoning

Sunshine Coast Council is working to find those responsible for one of the region’s "worst cases" of beachside vegetation poisoning in decades, with the More

Pedestrian dies after being hit by truck

A man has died after being struck by a truck along a main road. Police are investigating after the incident at Corbould Park on Wednesday More

As a business owner, there are some key things you need to focus on right now: cash-flow management and financial management.

Follow our steps below to ensure your business is best placed for success.

Katrina Brennan from SRJ Walker Wayland.
  1. Prepare a monthly cash-flow forecast for the next 12 months. Monitor it regularly.
  2. Maximise cash flow by accessing all eligible federal, state and local government support.
  3. Review ATO tax relief options that may be available to you.
  4. Review existing finance arrangements and make sure you are receiving the best deals.
  5. Review your trade terms to bring forward cash receipts and defer cash payments.
  6. Conduct a waste audit on your business to improve efficiencies and reduce costs.
  7. Review your business and personal insurances to make sure you are protected and getting good value.
  8. Consider alternate revenue streams or markets that may be available to you.
  9. Constantly review and reassess.

These steps will be crucial to ensure your business sustainability during these times.

Katrina Brennan, Principal, SRJ Walker Wayland Business Growth Advisors, Accountants and Auditors, 1 Allen Street, Moffat Beach, 5301 9957, srjww.com.au

This column is part of our Business 2 Business (B2B) series featuring industry leaders sharing their expertise. For more great articles, SUBSCRIBE to our FREE news feed, direct to your inbox daily. All you need to do is enter your name and email below.

Subscribe to SCN’s free daily news email

This field is for validation purposes and should be left unchanged.
This field is hidden when viewing the form
[scn_go_back_button] Return Home
Share