JANDOWAE INVESMENT OPPORTUNITY
OR
Beautiful Family Home
All offers considered by motivated vendor!! 70 Coxen St, Jandowae Attractive, well kept 3 bedroom timber home. Total kitchen and internal renovation, recently painted. Fully Fenced. Large quarter acre block. Polished floors in living areas and hallway; carpet in bedrooms,two bedrooms with built-ins. Separate office. Electric stove cook top with electric oven, Solid Tasmanian Oak kitchen cupboards with gloss laminate bench tops. Attractive enclosed sunroom and front verandah with picket railing at entrance. One bathroom and separate toilet, large 6m x 4m undercover patio/BBQ area at rear of house with paving base. Very well kept, established lawn and gardens. Separate carport. Low maintenance with long term tenants.
PRIVATE SALE ENQUIRIES: 0439 669 339
WANDOAN SHOW
TAROOM SHOW
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Budgeting and tax planning might sound like something just for businesses, but getting advice before 30 June is important for individuals too, especially if you’re earning higher wages. We’re not just accountants. We’re your business adviser and your sounding board. If you’re already building an investment portfolio, keen to protect your income, or just want to be pointed in the right direction...
we’re with you every step of the way. www.bmo.com.au l 178 Drayton Street Dalby l 07 4662 3722
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Easy
MANAGEMENT STEPS FOR
BETTER CASHFLOW
Cashflow management is vital for business success. The beginning of the new financial year is a good time to revisit the cashflow controls that you’ve introduced within your business.
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You need to make certain that the administration for the opening of accounts for new customers in your business is being closely supervised, to ensure that you’re not just attracting someone else’s problem customers. To do this, it helps to first establish the credit worthiness of each customer. You can subscribe to services (such as those that Dun & Bradstreet provides), which will assist you with getting credit worthiness information on your potential and new customers. You should also determine your Terms of Trade and make sure these are clearly communicated to your new customer/s.
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It is a good idea to be very conscious of the impact of the Personal Property Securities Register (PPSR). To do this, you need to ensure that you have Terms of Trade Agreements and Retention of Title Agreements that have been drafted by a solicitor after 31st January 2012. Send these documents to your new customer, requesting them to sign and return the documents to you before any sales are made. The decision then needs to be made within your business on whether you’re going to proceed with a registration of the new customer on the PPSR.
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A key aspect of cashflow management is to ensure that the debtors are invoiced promptly and that the invoices are being dispatched to your customers as soon as they are prepared. This time of the year is a good opportunity to review how easy you’ve made it for your customers to pay you e.g. Can customers pay you by electronic banking or credit card, or are you still relying on cash and cheques? Many businesses find that it is a good idea to offer a number of payment options to customers, as this facilitates prompt payment.
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With a new customer, you should consider asking for an upfront deposit.
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It is also advisable to ensure that you are receiving details of your debtors’ days outstanding each month; that you are reviewing your debtors’ days analysis and are then issuing prompt follow-up action against any debtor who’s not paying you in accordance with your Terms of Trade.
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Take an inventory: P How much money do you have tied up in your stock (inventory system)? P What’s your stock turn rate? Could it be improved? P How much investment in stock did you budget for? P What do you need to do to reduce your investment in stock? P Are you building up old, out of fashion and damaged stock? If so, should you be giving consideration to holding “sales” to liquidate those items in stock as soon as possible so you return cash to your business?
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Another way you might be able to improve your cashflow performance is to negotiate longer payment terms with your suppliers.
Care Fixed Fees
Business Consultants and Accountants
Business Consultants and Accountants Acacia House 58 Heeney Street, Chinchilla P: 07 4662 8700 E: admin@envision.com.au
www.envision.com.au Taxation Advisors Self Managed Super Funds Business Consulting Cashflow Management Succession Planning Financial Planning Bookkeeping HR (FairWork Compliance & Payroll) If you would like some assistance in reviewing your cashflow position, please don’t hesitate to contact us.
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Liability limited by a scheme approved under Professional Standards Legislation. This publication is issued exclusively for the general information of customers, contacts and the teams at Envision Partners and Byron Capital. The contents are not a substitute for specific advice and should not be relied upon as such. Accordingly, whilst every care has been taken in the preparation of this publication, no responsibility is accepted for persons acting on this information.
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