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Planning Your Cash Flow Ahead of the Christmas Period: Essential for New Zealand Businesses

As the Christmas season approaches, many businesses in New Zealand face unique financial challenges, especially when planning for potential closures or reduced operations during the holidays. Proper cash flow planning is essential to navigate this busy time, ensuring your business remains stable and well-prepared. Here’s why you should focus on cash flow planning now and how to do it effectively.Why Cash Flow Planning is CrucialOperational Downtime: Many businesses close or reduce operations d...

Bookkeeper or Accountant; Why you need both.

I have had many business owners tell me over the years ‘I don’t need a bookkeeper; I have an accountant.’ As valuable as accountants are, there are differences between bookkeepers and accountants, and many businesses can benefit from both. Bookkeepers work in strategic partnerships with accountants to give business owners the best of both worlds:1. Roles and ResponsibilitiesBookkeepers:Bookkeepers focus on the daily financial transactions of a business.They record sales, purchases, receipt...