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Let Us Help You Tackle Your Business' Finances
If you are wondering where to start when it comes to your finances, start with an overview of your finances and a plan. Good practices for managing your business’ finances include:
Do your homework – start by getting an overview of your finances.
Have a plan, which includes establishing clear goals.
Keep track of your records, including tracking and recording expenses.
Keep business finances separate from personal finances.
Establish an emergency fund and save money.
Maintain a good credit score.
In this week’s newsletter, we share SME South Africa’s recommended financial management tools.
In this newsletter, get info on:- The Visa Business Credit Card from Standard Bank- The best accounting software for small businesses- Free resources for entrepreneurs for financial management
- Promo offer for all SME South Africa readers
Have a great, productive week ahead!
This content is sponsored by Standard Bank.
Standard Bank announced the launch of its new globally accepted Standard Bank Visa Business Credit Card which allows business owners access to cash, to grow their business and manage spend in real-time.“Liquidity is key to achieving business growth and managing business costs. At Standard Bank, we understand business owners do not want their business to be derailed by big purchase items, ad hoc office expenses or unplanned extras.
At the same time, we also understand, that business owners do not want to miss out on opportunities to grow their business because of a lack of financing,” says Ethel Nyembe, Head of Group Card & Payments at Standard Bank.5 Great benefits of the Standard Bank Visa Business Credit Card:- 55 days interest-free- A minimal 5% repayment- Low monthly fees- Sophisticated business reporting- Earn points as part of the UCount Rewards programme
Did you know that you can pay as little as R150 per month for Cloud Accounting Software?
SME South Africa provides reviews and comparisons of some of South Africa’s best cloud accounting software, to save you time and help you choose the best product for your business. In the review of Cloud Accounting Software in South Africa, we share what brands’ products are the easiest to use, are inexpensive and what features will be useful for your business needs.
Why do you need Cloud Accounting Software? It helps business owners keep a finger on the pulse of their finances. The software will also come in handy if you want to give a potential funder insight into your company’s financial history. Some of the tasks that Accounting Software can do for you are recording transactions, sending invoices, storing receipts, tracking sales taxes, and cash flow management.
Benefits of Accounting Software include:
Flexibility – can work from anywhere, not limited to a single PC or device.
Accuracy – able to automate and speed up the calculations of business expenses such as tax and payroll, etc.
Tax compliance – able to track and manage sales tax (VAT).
Check out SME South Africa's reviews and get a quote today!
This content is sponsored by SAP.
Innovation Born in the Cloud – SAP Business ByDesign
SAP Business ByDesign is an on-demand, integrated business software for small businesses and mid-sized enterprises looking for a comprehensive CLOUD solution providing the functions you want – at an affordable price.It provides end-to-end integration of all your key business areas – such as Finance, Customer Relationship Management, Project Management, Supply Chain Management, Procurement and Human Resources – in a single comprehensive solution, thereby allowing you to manage your company’s key processes with a high degree of precision. With SAP Business ByDesign you can:
Optimize financial processes, including financial accounting and cash flow management.
Focus on your customers in marketing, sales distribution and service.
Promote and use employee potential through organizational management, HR activities and employee self-services.
Integrate production and logistics in supply chain structuring, planning, management and manufacturing, warehousing, and logistics.
Fulfil compliance with applicable laws and standards.
Achieve your company’s goals through corporate performance management.
To find out more about SAP Business ByDesign, visit SAPAfrica.com/ByDesign.
Downloadable FREE resources: Financial management templates
Get the following in PDF or Excel format:
Income statement
How much to charge for your services
Finding your breakeven point
Cash flow forecast
Business Model Canvas
The following post is sponsored by Rock.
PROMO OFFER AVAILABLE TO ALL SME SOUTH AFRICA READERS!Do you want an all-in-one productivity app for the team? Sign up to get 6 months of Rock PRO for FREE -We Giving Away Promo codes
Rock is an all-in-one productivity app for teams that combines messaging with tasks, notes, and files and seamlessly integrates with Zoom and Google Drive. All in one space, no more switching between apps. Work with a tool that is easy to use and open to everyone! Some of the ways Rock can help you run your small business/startup:- Work in one space with your creative agency, freelancers and everyone else on your team. Instead of emailing back and forth, your team can track progress and leave comments right in Rock.- Jumping in a meeting is easy since Zoom is integrated with Rock.- You can also link your Google Drive folders to Rock.- Create marketing campaigns - and keep all your marketing briefs, assets, tasks and conversations together.- Run the entire website development process through Rock. Sign up for the FREE 6-month pro membership. Limited availability so first come first serve!
