It’s only two months now until the tax year finishes for most small companies in New Zealand. Although this seems far off, its often right in the middle of busy season when businesses are just starting to kick off again, so the time can fly by! Clients sometimes get in contact to ask about taxes during February and March, so we thought this post might be useful for helping to prepare your startup for the end of the financial year.
Read moreCash Summary vs Profit & Loss
In order to get a gauge on your business you’ll likely look at a Profit and Loss statement and a Cash Flow report. While these are similar, to get an accurate picture of how the business is performing, you need to look at both and how they impact each other.
Read moreWrite a Business Plan before opening a Bank Account
Opening a bank account is easy, but you should hold off until you have written down your business goals and start to understand your business model.
Read moreWhy You Need Monthly Accounting
Every startup company needs accurate and timely information. While its not a flashy activity, having a monthly accounting process at your startup means you can get constant access to the real profitability of your business, allows you to dive deeper on any inconsistencies you find and complete any trend analysis on your financial performance.
Read moreUnderstanding and Calculating Lifetime Value
Understanding Lifetime Value helps forecasting and shows how your startup really makes money.
Read moreInside the SaaS Forecast
What does a SaaS Startup forecast look like? With a plethora of forecasting systems in the market, its useful to check just how they are being used, and touch on some key inclusions for SaaS companies.
Read moreWhat are Unit Economics?
What are Unit Economics, and how do they help startups?
Read moreShould Your Startup Have an ESOP?
In the fight for really good employees, it’s getting harder and harder to compete. Startups do have a secret weapon though when competing for talent with big businesses - an Employee Share Scheme (ESOP). More startups are implementing Employee Share Schemes to attract and reward talented staff.
Read moreFreelancers: How should I charge?
When starting out as a freelancer or contractor there are many questions that need answering: what are going to do? what are you going to be called? where are you going to be based? Today I want to look at the most important of all: How are you going to charge?
Read moreExploring Your Profitability Gap
When discussing financial results with business owners we often find that owners expect a certain amount of profit from their activity. It's useful to test this to the "real world" scenario and see how you can improve (reduce) this gap.
Read more