Wages Vs Drawings? A question we receive on a reasonably regular basis from business owners inquiring with us about the difference. There is no right or wrong answer as it depends on what works best to the individual business owner. Wages & drawings are two ways to take money from the business and it is […]
Wages Vs Drawings? Read More »
Is The IRD Really Closing Down? We know a number of business owners would hope this is the case, it is only temporary whilst upgrades to the system are made. There will be limited IRD services online and via the phone for 8 days from 18th to 26th of April due to upgrading of their
Is The IRD Really Closing Down? (So No More Tax?) Read More »
Do You Recommend Discounting? Discounting can have a big impact on a businesses margin and profit. So before discounting, businesses should consider the effect on margin that the discount will have. It can often be a strategy for a business like those in retail to get rid of old stock because they want to turn
Do You Recommend Discounting? Read More »
How Do I Increase My Prices? Very simply, starting with communicating that you will be with your clients. Sometimes business owners can hesitate to increase prices because they fear they will lose some of the clients or customers. The true way to increase your price is to provide more value. Hear more about increasing prices
How Do I Increase My Prices? Read More »
In episode 2, we will be answering nine questions as follows. What is margin? What is mark up? How can I collect money faster? Where has my money gone? Wages vs drawings? How do I increase my prices? Do you recommend discounting? What are values? Is the IRD really closing down? (So no more tax?)
Questions We’ve Been Asked | Episode Two | nextAdvisory.nz Read More »
Recently Xero changed their process for adding bank feeds to your Xero ledger. See what has changed in our summation of Xero’s announcement. Today, a good proportion of our direct bank feeds globally require customers to connect them using paper application forms, which can mean a 10 day wait for transactions to start flowing into
Xero Bank Feeds Just Got Easier | See How Here Read More »
Pay day filing comes in from the 1st of April which means a little bit more admin for business owners. Fortunately software providers like Xero are going to sort it out for you. Check out what our mates at Xero have to say about how it will work: You can now pay your employees accurately
Pay Day Filing Is Here | 1 April Read More »
We are like personal trainers but for your business. Most accounts will take you from financial year to year but for us we like to take you from here to HERE. To help business owners achieve growth. We like to fully understand our clients businesses and then help them break down barriers to success. For
What Does nextAdvisory Actually Do? Read More »
What is margin? A simple way to explain margin is what you can sell your products or services for versus what it costs to create those products or services. In short, the difference between the selling price and what it costs you to make or buy those products or services. It is so important to
Why Is Margin So Important? Read More »
What are management reports? Something you’ve probably heard an accountant talking about at some stage. Management reports are regular reporting for business owners in the form of data, numbers or visuals. To provide numbers and information that can be used by business owners in their decision making. It helps to tell the story behind the
What Are Management Reports? Read More »
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