Ballarat Accountants | Ballarat Bookkeepers

How do you control the expenses of your team members within your business and eliminate petty cash and reimbursements? We all change banks and the set up and process for debit and credit cards are time consuming. These can even take weeks. An app called DiviPay can solve this and issue virtual corporate cards in minutes. Improve your cash flow through good expense management.

Accounting for contractor

You can also have a brilliant Receipt Management process to improve your business cash flow dramatically. This will ensure that you don’t miss any deductions and you track all of your expenses. You can use the Dext mobile app to add costs through email and fetch.

It is also important to have a good debtor management process to improve cash flow. Get your customers to pay you fast and set credit limits. Use Business SnapShot Reports, Xero to Xero Network, Xero Mobile App and Client Notes to help you achieve these.

Use Xero’s short term cash flow feature to know how and when you need to pay your suppliers, so you improve your cash flow through online payments. You can also use Xero Online Invoicing and automatic reminders so you get paid quicker and improve cash flow.

Construction accounting

By the way, there is assistance provided to construction businesses in Victoria called Construction Covid Relief Grant and applications will close today. Get in touch with us now.

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As you look for different ways to grow and improve your business, seeking professional advice could prove to be an important and helpful decision.

You can click here to speak to a business, accounting and bookkeeping firm. We also offer hospitality business consultation and mortgage services. We will give you a call to know more about your needs. We will explain to you how we can improve your business.

We would love to help you formulate investment strategies and streamline your processes to take your business to the next level.  Our goal is to help you grow your business, find ways to invest more and increase your productivity.