Finance

Cost Of Goods Sold Or COGS

Cost of Goods Sold and How to Calculate It

The cost of goods sold plays an important part in how your business is performing. Besides being used in calculating business profit, it can help you set prices for your products. Here we delve into the concept of cost of goods sold (COGS), how to calculate it and how to apply it.
Person At Computer Analysing Opportunity Cost

Opportunity Cost: How Does It Impact Your Business?

Opportunity cost is a concept that considers the expected returns lost when one alternative is chosen over another. Have you ever wondered about how to calculate the benefits you are missing by choosing one option over another? This is a form of opportunity cost. Although it does not appear in your accounting transactions or financial statements, it’s important to understand what it means when making business decisions. Here we’ll explore the idea of opportunity costs and how to weigh potential returns against lost opportunities.
Collect Unpaid Invoices

How to Collect Unpaid Invoices

If late payment of invoices is common for your business, you are not alone. SME owners say that 60 per cent of their customers don’t pay by the due date. If this describes your businesses, here are some tips on how to collect overdue invoices from your customers.
Man In Warehouse Organising Letter Of Credit

Letter of Credit: What Is It and How Does It Work?

A letter of credit is a way for banks or other financial institutions to guarantee payment and the delivery of goods. This form of payment can seem confusing if you’re not familiar with how it works. Let’s take a closer look to understand letters of credit and how they can facilitate transactions between buyers and sellers, particularly in international trade.
Cash Flow Loan

Cash Flow Loan: What Is It?

A cash flow loan is used to meet working capital needs and is based on using a company's future cash flow to make repayments. Small businesses that need to boost working capital but don't have collateral can get this type of business loan to cover working capital needs.
Future Of SME Lending

SME Lending for Finance Brokers Beyond COVID-19

The impacts of COVID-19 have significantly changed the business environment and raised challenges across the economy. While these changes will continue to have an impact, there are still opportunities for experienced finance brokers and mortgage brokers planning to diversify their businesses. Here we’ll go over some of the recent trends, where the opportunities lie, and how finance brokers can place themselves for future growth.
Man Looking At JobKeeper Information On His Computer

JobKeeper: Is Your Business Eligible?

In late July 2020, the JobKeeper payment was extended by an additional six months to March 2021. Besides extending the program, other changes were made including lower payment rates. Let’s look at the details more closely to understand the JobKeeper extension. If you’re not sure if your business qualifies for JobKeeper, here we cover the latest updates.

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