A balance sheet is also known as a ‘statement of financial position’ because it provides a snapshot of your assets and liabilities – and therefore net worth – at a single point in time. Regardless of terminology, many business owners neglect to review their balance sheets. This is a tragedy waiting to… Read More
Continue ReadingWith 31 March fast approaching use Q2’s Year End Accounting Checklist to ensure the next financial year launches smoothly and your goals are achieved: Management & Leadership Strategic plan in writing for next 12 months? Organisational structure with reporting lines and accountabilities defined? Job descriptions and KPIs in place for… Read More
Continue ReadingBoth IQ (relative intelligence), and EQ (emotional intelligence) are important for business success, but so is FQ (financial intelligence). Q2 Ltd define FQ as “knowing, understanding, and acting on your numbers”. The following are 10 reasons why business owners need Financial Intelligence: Garbage in, garbage out – just pushing a… Read More
Continue ReadingSMEs offer different products and services, but usually face similar challenges. Q2’s “how to succeed in business” strategies apply to all SMEs, regardless of size, industry, or life cycle stage. 1. A Business Plan Q2 encourage all businesses to have a “one page” business plan that covers purpose, vision, what… Read More
Continue ReadingFor most small businesses, administration is a necessary evil and can devour a significant portion of each business day. It is non- revenue generating and costly, once the time spent on administration functions is quantified. Using technology effectively is one way to reduce administration time and cost. Payroll is an… Read More
Continue ReadingOn the twelfth day of Christmas, My Q2 sent to me, Twelve-monthly newsletters, Eleven great business tips, Ten valuable workshops, Nine various tax returns, Eight huge tax credits, Seven awesome touch points, Six GST refunds, Five reasons to love, Four… Read More
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