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Victor Bimrose Accountancy Pty Ltd
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Victor Bimrose Accountancy Pty Ltd

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Monthly Archives: July 2020

Cashflow vs Profit: What is the difference? Why are they equally important for the success of your business?

Bookkeeping, Financial EducationBy Victor BimroseJuly 30, 2020

When we jump into the business world there are so many new terms to learn and it can be difficult to determine what are the key ones to focus on. From BAS to PAYG, to Cashflow to Profit and Loss. How are you meant to know what to focus on when you may not understand…

Invoicing terms for Small Business: How the right due dates can positively affect your cashflow and ease your stress

Business Advice, Financial EducationBy Victor BimroseJuly 28, 2020

When the cash flow starts running short in your small business, it can be very stressful scrambling to find money to make ends meet. So how do you rectify this? How do you boost your cash flow and, in turn, ease your stress? The secret lies in your invoicing terms. You see, your payment terms…

Give Your New Business the Best Chance of Success – 5 Important Steps (From an Accountant’s Perspective)

Business Advice, Business OwnersBy Victor BimroseJuly 14, 2020

You have a great idea and you’re ready to jump feet first into the business world. Congratulations! Before you take that leap, here are 5 important steps we recommend you take to give your new business the best chance of success. Step One: Legal Structure Should you be trading as a sole trader, a company,…

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