Monthly Journal – June 2022
Copy of DJ Grigg Monthly Journal – June 2022 by DJ Grigg Financial
Business Tips: Make Good Business Decisions
Business Tips: Make Good Business Decisions Making good business decisions is easier to do when you have excellent information at your fingertips. That’s the value of having excellent reporting at the heart of your startup. Any cloud accounting software worth its salt will offer you straightforward ways to run your financial reports and track your […]
How to accept payments online – and why it’s smart
How to accept payments online – and why it’s smart One of the best things about online shopping is instant, hassle-free payments. Enter your details, click, and you’re done. If your customers can make an instant online payment, they’re likely to pay you more quickly – and they’ll appreciate the simplicity. The Details Online payment […]
Business Tips: Get in Control of Your Spending
Business Tips: Get in Control of Your Spending Keeping the business in a positive cash flow position is vital. But you can only do this if your cash inflows; (sales revenues and other income), outweigh your cash outflows; (overheads, supplier costs, and other liabilities like tax costs or loan repayments). One way to re-balance the […]
Cash vs Accrual Accounting
Cash vs Accrual Accounting The difference between cash basis and accrual basis accounting comes down to timing. When do you record revenue or expenses? If you do it when you pay or receive money, it’s cash basis accounting. If you do it when you get a bill or raise an invoice, it’s accrual basis accounting. […]
Business Tips: Make it Easier to Get Paid
Business Tips: Make it Easier to Get Paid Making sure you get paid on time is crucial to your success. The process of making sales and generating revenue lies at the heart of any business model. But you can’t manage your cash flow effectively or raise any profits if customers don’t actually pay their invoices. […]
Business Tips: Budget and Manage Cash Flow
Business Tips: Budget and Manage Cash Flow Working to strict budgets becomes a necessity if you want to stabilise your finances and grow the business. Managing the cash flow twists and turns of a project can be hard work. But it’s easier to do when you have an agreed budget and can track your spending […]
New Startup? Your Business Development and Us
New Startup? Your Business Development and Us As your accountant, we won’t just look after the financial side of your business, we can also advise you on the strategic side of your company. Including the importance of business development as a vital part of your growth plan. Business development (BD) is what helps your company […]
New Startup? Get Your Business Operational
New Startup? Get Your Business Operational If you are ‘pressing go’ on your new business, what are the key elements to have in place before your business is operational and you begin trading? The complexity of your operational model will vary greatly, depending on the kind of business you’re setting up. For obvious reasons, a […]
New Startup? Set KPIs and Measure Performance
New Startup? Set KPIs and Measure Performance Once you begin trading, you’re faced with a new challenge – successfully managing the course of your brand-new business and making sure it’s a profitable enterprise. It’s easier to manage your startup’s sales and finances when you have access to the best possible information and data about your […]