Business Insights
Welcome to Business Insights, where we will help you become a Financial Powerhouse in performance and knowledge for your business!
A perpetual stock method is going to give you the most meaningful financial reporting if you are running a manufacturing, wholesale or construction business. But with the benefit of the powerful information comes the responsibility of getting the...
There are two types of accounting methods for stock, perpetual and periodic. There are pro's and con's for both. In this video we explore what you need to do for each scenario and we tell you which one we think is best…but there is a catch,...
There are two methods of accounting for stock, they are perpetual and periodic methods. In this video we explain what these methods are and what they mean for you as a business owner and the financial information you receive.
When you run and own a business, somewhere in your business journey the bank may put you in a corner which makes you think you will have nowhere to turn! In this video we discuss a story of a business owner who though the bank had him cornered, he...
As your business grows, you employ more people and ideally give them more responsibility to help you run and grow your business. But what if you hand the reins over completely? This is a story of a business owner who stepped too far away from his...
Gross Profit and Contribution Margin are two integral numbers for any manufacturing, wholesale or construction business. But what do they mean and why are they crucial? In this video we explore these two elements and how to bring them to life in...
Your business has grown to the point where you can't have a single bookkeeper responsible for the finances of your business. This video will show you the pitfalls to avoid at this stage and the opportunities to capitalise on to build a first class...
It's the end the of financial year and now the time has come again, where your tax accountant needs to do your financials and tax return. But what do they do and how do they do it? In this video we explore how they do your tax work and what you...
Inflation is awesome for you and your business. In this video we are going to flip inflation on its head and share with you why you should be embracing inflation.
Want to find out the number one strategy for generating more cashflow in your business? This video will show you how.
Work in progress mismanagement is the number one reason project based businesses fail. In this video we explore how to master work in progress (WIP) in your business.
Work in progress management is crucial to the success of any project based business including construction. In this video we explore how to successfully manage Work in Progress (WIP) and generate more cash for your business.