Accounting Archives - Page 2 of 2 - Passion Business Advisors

What Is Break-even?

by Sharon Casagrande | 16 Nov, 2020 | Accounting, Business, Tools

If you are a business owner, you have probably heard the term “break-even point” at some stage. But what does this actually mean and why is it so important? In simple terms, break-even is the point at which your business has covered all fixed expenses and starts to...

5 Tips to Spring Clean your Business Finances

by Sharon Casagrande | 13 Oct, 2020 | Accounting, Bookkeeping, Outsourced CFO

Spring is here and the weather is finally warming up. This is a great time to declutter and set your business up for growth. There has been a lot of negativity this year, but it’s a great time to create some positive changes in your business and get organised...

5 Reasons Why A Budget Is So Important To Your Business

by Sharon Casagrande | 30 Sep, 2020 | Accounting, Budgets, Cash Flow

If the word budget scares you, and the thought of preparing a cash flow sounds boring to you, you are not alone. And you might think, “Why should I work on a budget for the next 12 months when I don’t know what’s going to happen next week?”. However, preparing a...

What is a Business Plan and do I need one?

by Sharon Casagrande | 26 Aug, 2020 | Accounting, Business Planning, Outsourced CFO

When was the last time you looked at your business plan? Have you ever taken the time to write one down? If you haven’t got a plan for your business, you’re not alone. Often the day-to-day demands of running your business mean that there is little time for...