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Interest Rate Cut by Reserve Bank

Thumbnail image for Interest Rate Cut by Reserve Bank by 4 November 2011

The Reserve Bank’s decision to lower the cash rate by 25 basis points to 4.5% aims ‘to deliver an added boost to confidence’. Why was there a rate cut? Global financial markets have recovered somewhat from the turmoil of recent months. Australia’s terms of trade have now peaked and will decline somewhat in the near term, but they remain very [...]

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Post-Judgment Interest Calculator

Thumbnail image for Post-Judgment Interest Calculator by Arnold Shields 3 November 2011

We have just released our post-judgment interest calculator which quickly provides detailed calculations of post-judgment interest. The calculator used the Reserve Bank of Australia Cash Rate plus 6% in accordance with the process of harmonising the rules in respect of post and pre judgment interest. The various jurisdictions that it covers are: Federal Court of Australia NSW Uniform Civil Procedure [...]

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What is Small Business?

Thumbnail image for What is Small Business? by 24 October 2011

Whilst there are many definitions of small business, one of the most appropriate definitions and one that resounds with small business owners themselves is: “a business in which all the critical management decisions are made by one or two people without the aid of internal specialists” Many academic papers and research in an attempt to distinguish between small and medium [...]

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Debtors Days Explained – Video

by Arnold Shields 19 October 2011

A quick Dolman Bateman Business Tip. Debtors Days is an important accounting ratio and   key performance indicator (KPI) that provides you with an easy to understand statistic of how many days your debtors are outstanding. So the quick calculation is trade debtors divided by sales x number of days eg 365. If you are measuring annual sales then the [...]

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Oz Online Retail To Reach $37 billion – Is Your Business Online?

Thumbnail image for Oz Online Retail To Reach $37 billion – Is Your Business Online? by 18 October 2011

A recent report commissioned by Paypal has forecast that online retail will reach $37 billion in Australia by 2013 and the forecast growth rate is 12.5% per annum. There are tremendous opportunities for traditional retailers to expand their traditional markets from beyond their geographic area to throughout Australia and even export markets. A successful online business is more than just [...]

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Signs When A Company Is In Trouble

Thumbnail image for Signs When A Company Is In Trouble by Arnold Shields 17 October 2011

Have you got a customer that is not paying it’s bills? How can you tell if a company is in financial trouble? There are a number of signs that a company is in trouble. These include: There is an increase in creditors calling for payment. This can be seen in the financial statements by examining the creditors days and seeing [...]

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Best Accounting Software for Small Business in Australia

Thumbnail image for Best Accounting Software for Small Business in Australia by 12 October 2011

As Accountants, we spend a lot of time working with accounting software programs and also working with our clients in trying to resolve their accounting problems. And one of the most common questions that people ask is: What is the best accounting software for small business in Australia? Business owners have a number of problems with accounting software: The first [...]

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