• Covering the cost of buying new stock

    It’s easy to look at the money coming into your business account and think you’ve got more available to spend than you actually do. 

    Hopefully, you are already putting aside the GST you have received into a separate account so that you have that ready to pay as part of your quarterly BAS.

    One of the other really important things that, unfortunately, we see many business owners doing is not putting aside money from sales to purchase stock or “Cost of Goods”.