Many business owners are used to looking backward at their finances - reviewing past sales, expenses, and profit. While that’s important, it’s just one part of the picture. Financial forecasting shifts the focus forward, helping you understand what’s likely to happen next, and what steps to take now to prepare for it.

If you’ve ever wished for someone to help you make sense of your numbers, plan ahead with confidence, and keep your business financially on track – a Virtual CFO (VCFO) might be exactly what you’re after.

The start of a new financial year brings fresh motivation to grow your business — but setting big, ambitious goals is the easy part. The real challenge? Creating goals that are realistic, measurable, and actually guide your day-to-day decisions.

As we approach the end of the financial year, it’s important to take a step back and prepare for the year ahead. With some careful planning and strategic action, you can ensure your business is in the best position for success.

Inland Revenue (IR) has recently clarified the rules around using a private vehicle for work travel. The key message? Travel between home and work is considered private and not tax-deductible, unless it meets specific conditions.

Running a business is a constant journey of change. From evolving markets to shifting customer demands and financial challenges, the ability to adapt is what sets successful business owners apart. We’ve seen firsthand how applying a clear framework can help business owners navigate change effectively.

The holiday season is here, and it’s the perfect time to slow down, take a deep breath, and soak in the magic all around. As the year winds down, it’s a moment to reflect on the wins, lessons, and growth of the past 12 months while dreaming big for the year ahead.

Understanding your numbers is essential to setting the right prices and ensuring profitability. Two key concepts in pricing strategies are markup and margin. While they’re often confused and used interchangeably, they represent different aspects of your pricing, and knowing the difference is important for financial clarity.

Keeping track of your financial data is incredibly important. While tools like Xero help manage expenses, invoices, and finances, there’s an exciting technology that can take your accounting further: Optical Character Recognition (OCR) software.

It’s no secret that times are tough for many businesses, and we’re seeing more and more owners facing heightened cash flow pressure. While several factors can impact cash flow, one trend that’s becoming more common is the rise in slow-paying clients.

Let's Reflect and Reset for 2024

Evolve Accounting is a Supreme Award Winner for Advisory Firm of the Year

Accidents can happen at any time, and the consequences can be particularly challenging for self-employed individuals and business owners. This is where the Accident Compensation Corporation (ACC) comes into play. In this blog post, we will provide you with a detailed overview of how ACC works, focusing on its significance for self-employed individuals and those in business. By the end, you'll have a clearer understanding of ACC's role in protecting your livelihood and assisting you in times of need.

If your business has been affected by Cyclone Gabrielle or the January flooding, you may be eligible for a government grant, of up to $40,000. The grants help provide cash flow relief so that you are able to keep your business running and ultimately recover successfully.

There are many good reasons why getting your Bills into Xero is important and what's more there are easier ways to manage them.