YOU OUGHTA KNOW BLOG

Crafting an effective budget is vital for any business owner. A rolling budget, also known as a continuous budget or rolling forecast, is a dynamic approach to financial planning that provides increased flexibility and agility. In this guide, we’ll explore what a rolling budget is, its advantages and disadvantages, and the various budgeting methods you can employ for your business.

To help ease the strain of inflation on your sole trader business, we have three practical tips that can make a significant difference.

Discover the essential steps to optimize risk management in your supply chain. Learn how to identify, assess, and mitigate various internal and external risks, ensuring business continuity, customer satisfaction, and financial robustness.

Discover how businesses can save time and money while exporting by joining Customs’ Secure Exports Scheme through a quick and easy online application process. Benefit from reduced compliance checks, lower transit costs, and international recognition.

Discover how Fair Pay Agreements work, bringing unions and employers together to negotiate employment terms for covered employees in an industry or occupation. Learn about representation, M?ori inclusion, and the process to establish these agreements.

The supply chain process is a complex network of activities that transform raw materials into the finished products we find on store shelves. Understanding this process is crucial for business owners seeking efficiency, cost-effectiveness, and customer satisfaction.

For small businesses looking to expand without hefty investments in resources and infrastructure, outsourcing presents an attractive solution. By delegating certain tasks and projects to external service providers, small businesses can access specialized skills, reduce costs, and focus on core competencies.

As a startup founder, ensuring the financial health of your business is paramount. Proper accounting practices are crucial for maintaining stability, growth, and attracting investors.

As a business owner, managing expenses is a crucial aspect of maintaining your company’s financial health. It’s essential to know which expenses are eligible for tax deductions and which don’t meet the criteria for tax-free benefits. Let’s dive into the details of what you can claim against tax and what you can’t.

We want to make sure you’re up-to-date with the latest improvements and features at Xero.

Acquiring an existing business can be a fantastic way to jumpstart your entrepreneurial journey or expand your current brand. However, there’s a less talked-about side to buying a business that first-time buyers need to be aware of. Some sellers put their businesses up for sale when they anticipate a decline in sales, potentially leading to unfavorable outcomes for the buyer.

As a business owner, it’s crucial to maintain a balance between the money coming in and the money going out. Mastering the art of business expense management is essential to keep your books in order and prepare for tax season effectively.