March 31^st is fast approaching, which means the fiscal year is coming to a close and your taxes are due. Businesses with a year-end pending are scrambling to fulfill last minute sales, undertake stocktakes, squeeze in the last expenses, and complete accounts to meet month-end. It’s a busy and stressful time, particularly if you’re a small business owner with fewer resources and limited support.

Did you know that 20% of small businesses fail in their first year and 50% of small businesses fail in their fifth year? This puts small business owners at significant risk, and not just in their first year of business. Small and medium-sized businesses don’t have the deep pockets or backing that large enterprises do, which is why even short-term cash flow problems can sink a business with an otherwise promising future.

Business finances don’t need to be a complicated process. Bartercard makes it easy and straightforward to keep your finances on track, by fitting into members’ existing accounting systems without the hassle.

We've listed six new financial year resolutions to set up the best systems and practices in your business, encompassing digital, investing and budgeting. 

With the End of Financial Year just around the corner, it’s a busy time for business owners filled with sales, stocktake and completing accounts to meet the March 31 dead line. If you own a small business, fewer resources and limited support can add extra pressure and make it feel like all the responsibility is on your shoulders. Although we all read about tax tips from seasoned experts sharing invaluable advice, many people aren’t aware of the advantages and additional opportunities available to Bartercard members.

When Just Water and Aqua Cool recently merged, they effectively used Bartercard Trade Dollars to not only facilitate the process and bring the new team together, but to conserve cash and maximise the available budget for the project.