The cash flow budget template is used to project your business's cash inflows and outflows over a six-month period of time. It has many important uses. It can predict the ability of your business to create the cash necessary for expansion or to support you. It can project your business's cash inflows and outflows and predict your business's cash flow gaps – periods when cash outflows exceed cash inflows. It can also be used to prepare a formal cash flow budget for your lender to help assure the lender that you will have the cash available to pay back the loan.

In order to comply with VAT regulations, for any sale of more than R50, you have to issue a tax invoice, with the word "tax invoice" printed on it. This is the most important document in the VAT system.

Do you extend credit to your customers? If you do, two things are essential to maintaining control of your receivables. First, you need to maintain an accurate accounts receivable ledger for each customer – in other words, an up-to-date record of each customer's charges, payments and balance due. Secondly, you also need to be able to send an accurate monthly statement to every customer who owes you money. To help you accomplish both, we have designed a template that combines the accounts receivable ledger and customer statement of account.

Finding and choosing the right accountant for your business can mean the difference between success and failure. All accountants are not created equal. You need the right match for your exact needs.

Cash flow is the fountain of life for any business. Your capacity for managing cash flow effectively, will determine whether your business will grow or fail. The aim of this article is to provide a few basic guidelines on healthy cash flow, against which to test your existing practices.

GoLegal is South Africa’s most trusted legal information portal. Its page on tax law provides insights into tax law from South Africa’s leading tax lawyers and other tax professionals, examining tax legislation and case law.

Access to finance is one of the biggest obstacles to the survival and growth of startup, small and medium businesses. Finfind has been specifically developed to address this challenge for this vital sector.

The words tax, tax man, Receiver and SARS are known to strike fear into the hearts of many an entrepreneur. This is not only because it implies that you have to part with your money, but because the tax process can be a daunting one. A good place to start when getting your taxes in order is by keeping accurate records. That being said, accurate and up-to-date record-keeping is not only about making life easier when you file your taxes. It can also protect your business's cash flow and enable to run a tight ship.

Cash flow is the number one killer of SMEs in South Africa. The announcement that South Africa’s economy has shrunk by 3.2% in the first quarter of 2019 has put further pressure on small business owners who need to manage their cash flow effectively. Daniel Goldberg, co-founder and CEO of Bridgement provides SME owners with advice on how to keep their companies afloat during tough times.

You've looked at a potential client's credit report and recognize the warning signs – late payments, pending lawsuits, heavy debt load. This customer could be a credit risk. Does this mean you have to turn the business down? Maybe not. Take these steps to minimize risk when working with individuals or companies with questionable credit.

In business, as in life, we can’t expect clear skies every day. There are going to be periods where cash flow is tighter than normal, and it may even dry up to a mere trickle. However, with the right preparation and measures you can weather the cash flow drought and come out the other side stronger than ever.

In the current economic landscape, it comes as no surprise that business owners choose to adapt and change the focus of their business strategy. Many businesses are profitable, but run out of money. Managing your cash flow throughout the year can help to alleviate the pressure one feels around this time.

Does a small business owner need to understand their business's financials? Many small business owners who produce accurate monthly accounts, don't know how to then use those numbers the monthly accounts have produced, to carry out financial accounting. This article explores the importance of having basic accounting knowledge, but outsourcing your accounting needs

Cash flow problems often catch small business owners by surprise. An accurate cash flow projection can protect entrepreneurs against this situation. A cash flow projection charts the amounts of money your business expects to receive and pay out each month in a rolling six- or 12-month period. This article looks at a step-by-step process which will guide you through the preparation of a cash flow projection.

I have always thought that cash flow is king. There are plenty of statistics showing how poor cash flow leads to business failure. However I was given a new perspective by a short and impromptu presentation given by Michael Andrew of Action Coach. The blinding flash of the obvious (as Michael likes to put it) was this; the problem isn't cash flow, the problem is a lack of sales.

More than 70% of small businesses struggle to survive the first two years of operation, with poor cashflow management and insufficient funding being cited as two of the main reasons for failure. The range of digital tools available online are essential for any business that wants to cut costs. For ideas on how SMBs can get online and save cash, read on.

Many business owners manage the finances of their businesses by means of their bank account. This is a risky practice as the bank account does not provide a true reflection of the real cash flow status of the business. Here are 4 actions you can consider applying in your business.

In a related article, “How not to manage your business and personal finances” I wrote about the Spenders and their business Printing Pain, and how through a lack of focus and self-discipline they landed themselves and their business in a financial mess. Their conduct is in many ways similar to that of the Hare in Aesops fable about the race between a tortoise and a hare.

How do you increase your bottom line? There are two options - increase prices or save costs. These five easy tips will help you cut down on some costs in your business. Be informed of your options, account for all costs, shop around for competitive rates, ensure all electronic payments are streamlined, and make use of platforms that can minimise costs to your business.

While you may find the bookkeeping and financial admin side of your business the most daunting, understanding a few basic concepts will help you understand what your accountant is trying to tell you. It's important to have some basic knowledge so that it's harder for someone to pull the wool over your eyes. This article aims to provide you with that knowledge by explaining and providing examples of common accounting concepts.