Over the Christmas period it is vital to closely monitor your business finances to avoid the all too familiar cash flow crisis. Many business owners experience challenges with their cash flow throughout the Christmas period due to varying factors, but this could be avoided with careful planning and budgeting. Too often we see business owners ignoring their regular accounting processes and cash flow, choosing not to pay their finances attention until the New Year. With these t

With Christmas just around the corner, here are 5 tips to help plan ahead and avoid a financial hangover on New Year’s Day. Think back to last Christmas and consider where the extra expenses came from. Was it petrol for the drive to the holiday destination? Gifts for new children in the extended family? Wine for the constant gatherings? And don’t forget the taxi or Uber fares for the journeys home from nights out. However you look at it, Christmas is a pricey time of year. If

Don’t let the Christmas holidays undo your great work throughout the year. Be aware of spending patterns to turn silly season into savings season. Last Christmas, a CommBank research study1 said, Australians would spend $17.8 billion in five weeks from December 1 2014 to January 6 2015. Unsurprisingly, the spending would be mostly on gifting and holidays, but other major expenses included Boxing Day sales and entertaining friends and family. During those five weeks, the study