The Bean Tally Co.
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hello@thebeantallyco.com.au
0404 470 778
Cash flow is the lifeblood of any business, especially small businesses. It determines whether you can pay your employees, suppliers, and keep your doors open. While many focus on profitability, a business can fail even when profitable if it lacks cash flow. This guide will walk you through the fundamentals of cash flow management, offering practical tips and strategies to help you maintain a steady flow of cash and avoid financial pitfalls.
Break-even analysis is a critical financial tool that helps businesses understand the point at which their revenues will cover all costs, indicating when they will begin to generate profit. By calculating your break-even point (BEP), you can make informed decisions on pricing, costs, and sales strategies.
When running a small business, it's essential to understand the key financial metrics that indicate how well your business is performing. Two of the most commonly confused terms are revenue and profit. While they are related, they measure different aspects of your business's financial health. In this short eBook, we’ll break down the differences between revenue and profit, why they matter, and how each plays a role in your business’s success.
Designed to help small business owners understand and apply the concepts of markup and margin in their pricing strategy. These terms are often misunderstood, yet they are critical to setting profitable prices and managing costs effectively. In this guide, we’ll break down the differences between markup and margin, explain their roles in business finance, and provide practical insights on how to use them for maximum profitability
Cash flow tracking
​This practice is essential for maintaining liquidity and ensuring that a company can meet its financial obligations.
budgets + forecasts
Together, budgeting and forecasting help individuals and businesses make informed financial decisions and prepare for potential challenges.
Break even point
It helps businesses understand the minimum sales needed to cover their expenses. Knowing the break-even point is crucial for making informed financial decisions and setting pricing strategies.
markup vs margin
It’s often beneficial to calculate both markup and margin when setting prices to ensure that you're not leaving money on the table or setting prices too high.
Our bookkeeping training services are designed to help individuals and businesses develop the skills they need to manage their financial records efficiently and accurately.
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Basic Bookkeeping Fundamentals, Software-Specific Training or GST & BAS Preparation, we have a range of customised training solutions with differing delivery methods to suit your needs.
