D6 Manage Business Finances

Tips on Managing Business Finances and Performance

Managing the cashflow and other financial aspects of a business is mission-critical.  Many think it is is a bit of a ‘black art’ but it need not be.  12Faces helps to construct ‘best practices’ for money management. Are you overwhelmed by financial statements? Do you receive your accountants reports and find out that you have worked for little or no profit for the year? Are you frustrated because you can’t pay yourself an industry applicable salary? Business life does not need to be like that. Join us and we will show you how you can monitor your business on a monthly or quarterly basis. In turn, this will lead to fixing the problems in your business. Finally, you will have the cashflow to meet bills when they are due, pay yourself an industry wage AND make a profit. What are you waiting for? Money management is achievable! Contact us now at [email protected]

Management Accounting Suggestions

In this article, we discuss some of the common improvements that can be made to small business management accounting bookkeeping systems to make them more useful for management accounting and performance measurement purposes. The usefulness of many of the tools and discussions in 12Faces rely on the quality and nature...

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FREE Management Tools Download

Test Drive Our Management ToolsAll our services focus on Sustainable Business Success.We work closely with you with the Management Tools to help tune your business to your personal goals.Remove stressSave TimeLead Your TeamImprove CashflowGrow SustainablyPersonal Introduction to Our ServiceLet's explore, together, how we can help YOU boost your business.Take advantage...

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C4.0 Troubled Business: Introduction to Turnaround30 (T30)

Is Your Business Enterprise Experiencing Financially Tough Times? It is a sad fact that many enterprises, both large and small, for and not-for profit, hit tough times and often don't survive.If you are experiencing tough times, this Campaign is designed to help by: (1) Rapidly stabilising your business to reduce...

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How to Benefit from Cash Conversion Cycle (CCC)

How fast can you grow your business? This depends on how well you convert your sales into cash-in-hand. Is this conversion slow? You will need cash from other sources to fund your growth in sales volume and pay expenditures. Some expenditures will be for goods and services, others for capital items. The Cash Conversion...

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How to Boost Your Accounts Receivable

Accounts Receivable: "The process of collecting money your customers owe you."  Failure to have this process working well leads to insufficient cashflow and is a major contributor to business failure.  Ignore it at your peril!  Yellow Belt 

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How to Use Gross Margin Analysis

Gross Margin Analysis: Lets you diagnose problems caused by changes in Income and/or Variable Costs. Income and Variable Costs can move in different directions, or in the same direction, at different speeds. This can make it hard to work out what is causing an upturn or downturn in your business. The analysis tips...

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How Gross Margin Analysis Boosts Profit Explained

Gross Margin Analysis opens the door to understanding the complex interactions between Revenue, COGS (Cost of Goods Sold or Operating Expenses) and Gross Profit.  It can be hard to understand why (e.g.) Revenue is going up but Gross Profit is going down!  Gross Margin also lets you measure the...

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Overhead Margin Analysis Explained

Overhead Margin relates to Overhead Costs, which are the costs in your business that do not change directly with a change in your Revenue and/or a change in your Cost of Goods Sold (COGS). They include such things as: Rent, insurance. Interest. Salaries of permanent staff. Administration costs in general; telephone, office costs. Some elements of...

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Learn Why Cash Flow Beats Profit

Cashflow refers to the flow of money through your business. It usually goes out so you can buy stock and pay expenses, like wages and rent, and comes back when you sell that stock and collect the money from the buyer.  Profit is an accounting term trying to show income less...

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