Financial management: Tips for better money management

Your small business’ handling of money management can make or break your success.

This section includes a wealth of tips for better money management covering topics including business invoicing, small business record keeping, understanding business insurance and accounts payable. And for when things don’t go according to plan we also look at recovering money.

Financial management is a critical area of running your own business that is too costly to ignore.

Want to keep up to date with all our financial management articles with tips for better money management? Subscribe to our free weekly newsletter, sent to over 14,000 loyal readers each Tuesday, and receive four valuable bonus reports to download instantly.

(Never sold, displayed or given away)

Financial management articles

• Working Smarter

  Tips for managing invoices

  Over the years I’ve trialled different ways of managing the paper flow in my own office. I’ve found managing invoices to be something that needs extra care.

  • Published 04 July 08
  • Megan Tough
  • 3 Comments

• Working Smarter

  Solving cash-flow problems

  An age-old question accountants get asked by business clients is “How come I’ve made a profit but I don’t have any cash?”. Solving cash-flow problems is an issue for many businesses.

  • Published 02 June 08
  • Sue Hirst
  • 5 Comments

• Working Smarter

  Invoicing: How to create a business invoice

  After years of working in Management Accounts, the same invoicing errors keep cropping up. So I'd encourage you to print out a copy of your business invoice and discover whether you’re guilty of delaying your own cash flow!

  • Published 21 March 08
  • Heather Smith
  • 9 Comments

• Working Smarter

  Five ways to make the most of your Accounts Payable

  Accounts Payable may seem like a dull subject but when handled properly it can provide many opportunities to improve your cashflow and profit. This article discusses how to use your Accounts Payable to your advantage.

  • Published 05 December 07
  • Sue Hirst
  • 7 Comments

• Working Smarter

  Money management: Tips for solo businesses

  Recently I wrote a piece for our newsletter that generated quite a discussion. It was about a soloist who was uncomfortable with money. Here's a summary of your excellent money management tips.

  • Published 14 November 07
  • Robert Gerrish
  • 2 Comments

• Working Smarter

  Recovering money: How to speed up payment from customers

  In my last article I discussed ways to improve business invoicing and steps to avoid bad debts. In this article I'll discuss recovering money and ways to speed up payment after the invoice has been sent out to your customer.

  • Published 05 November 07
  • Sue Hirst
  • 8 Comments

• Working Smarter

  Business invoicing: Steps to avoid bad debts

  How well you handle business invoicing can make or break your business. There are a number of different methods, so let’s look at some of the key factors in running a successful accounts receivable process in a typical small business.

  • Published 03 October 07
  • Sue Hirst
  • 8 Comments

• Working Smarter

  Small business record keeping: Dealing with the shoebox

  As an accountant, at this time of year people start arriving at my door with a shoe box stuffed full of receipts. Some of you may be chuckling in disbelief while others are blushing with recognition of their own small business record keeping!

  • Published 26 September 07
  • Heather Smith
  • 18 Comments

• Working Smarter

  Understanding insurance and protecting your business

  Working from home gives us freedom that is hard to find in an office environment. It’s easy though to forget about the importance of understanding insurance and ignore the possible consequences of a stolen laptop or an injury sustained while at work.

  • Published 12 September 07
  • Sean Morriss
  • 10 Comments

• Working Smarter

  How profitable businesses can go bust

  How can a business making plenty of sales possibly go bust, you may wonder? The answer is cash. Your cash can be in a surprising number of places other than where it belongs - in your account.

  • Published 31 August 07
  • Sue Hirst
  • 12 Comments

• Working Smarter

  Trusts and business asset protection: the basics

  What is a trust? How can a trust help protect your personal and business assets? As for business asset protection, is it something you need to know about? Here are the answers, delivered in a straightforward manner.

  • Published 08 February 06
  • Tony Melvin
  • 5 Comments