Tenley Consulting

Financial Check-In

I’d love to connect with you to review your current financial status, identify areas for improvement, and discuss any goals you have for the next financial year.

Whether you want to boost cash flow, build a stronger budget, reduce tax liabilities, or gain clarity for better decision-making, I’m here to help set your business up for success.

Click here to schedule a call

By getting ahead now, you’ll set yourself up for a smoother tax season and a stronger start to the next financial year.

Let us know if you have any questions, we look forward to catching up with you soon!

Accountant Retiring? Here’s What You Need to Know

If your accountant is retiring, you might be wondering what to do next. Don’t panic! There are a few key steps you can take to ensure a smooth transition for your business finances.

1. Get Your Records in Order

Before your accountant steps away, request all financial records, reports, and tax documents. Make sure you have access to any accounting software, login details, and past filings to avoid last-minute scrambling.

2. Review Your Current Financial Setup

Take this opportunity to assess your bookkeeping and accounting processes. If your system is outdated or inefficient, this could be the perfect time to upgrade to a more streamlined solution.

3. Find a New Accountant ASAP

As soon as you find out your accountant is retiring, start looking for a replacement. Ideally, choose someone with experience in your industry so they understand your business operations. A smooth transition starts with finding the right fit—be sure to share how your financial setup was managed before so they can guide you through the next steps seamlessly.

4. Ensure a Smooth Transition

Once you’ve found a new accountant, provide them with all necessary documents and details about your previous setup. The more they understand how things were managed before, the easier it will be for them to take over and improve your financial processes. Clear communication will help them guide you through the transition seamlessly, ensuring nothing gets missed.

Losing your accountant doesn’t have to be stressful! Need a reliable bookkeeping solution? We’ve got you covered!

4 Ways to Keep Your Business Resilient in Economic Uncertainty

Economic ups and downs happen, but staying on top of your finances and efficiency can help your business stay strong. Here’s how:

1. Keep an Eye on Cash Flow

Know what’s coming in and going out so you’re never caught off guard. Cut unnecessary costs, ask vendors for better payment terms, and encourage early payments to keep your cash flowing. A strong cash flow means you can cover expenses, invest in growth, and avoid relying on credit. Regularly reviewing your cash flow helps you spot potential issues before they become big problems.

2. Spend Smarter

Take a look at your expenses and trim the excess. Cancel things you don’t use, focus on what actually grows your business, and use automation to save time and money. Small cost-cutting moves add up, helping you keep more profit without sacrificing quality.

3. Stay on Top of Your Numbers

Good bookkeeping = better decisions. Make sure your records are up to date, reconcile accounts regularly, and work with a pro if you need help staying tax-ready. When your numbers are accurate, you can make smarter choices about spending, pricing, and budgeting. A clean set of books also helps you secure loans, attract investors, and plan for future growth.

4. Get Creative with Revenue

Think about adding new services, offering flexible payment plans, or finding new ways to keep customers coming back. Having multiple revenue streams helps protect your business during slow periods.

Keeping your cash flow steady, cutting waste, tracking finances, and diversifying income can help your business stay strong no matter what the economy does. Need help with your numbers? Let’s chat!

Get Paid Faster: 3 Invoice Hacks for Business Owners

Cash flow is crucial for every business, but unpaid invoices can cause financial stress. Late payments make it harder to cover expenses, invest in growth, and keep operations running smoothly.

The good news is that a few simple strategies can help you get paid on time.

1. Send Invoices Immediately and Set Clear Terms

The sooner you send an invoice, the sooner you get paid. Instead of waiting, invoice clients right after completing the work. For ongoing clients, set up automated recurring invoices to keep payments consistent.

Clearly define payment terms, such as due upon receipt or Net 7, 14, or 30 days. Adding late fees can encourage on-time payments. Using invoicing software helps track due dates and automate reminders, reducing delays.

2. Offer Simple Payment Options

If paying you is difficult, clients may delay. Offering multiple payment methods, credit cards, bank transfers, PayPal, or ACH, makes the process seamless.

Including a direct payment link on your invoice allows clients to pay instantly. For large invoices, consider installment plans to keep cash flow steady while helping clients manage payments.

3. Follow Up with Payment Reminders

Even responsible clients forget invoices. Sending automated reminders before and after the due date helps keep payments on track.

If an invoice is overdue, a personal email or call can resolve the issue quickly. Tracking frequent late payers and adjusting their payment terms can also prevent ongoing delays.

Getting paid on time requires clear terms, easy payment options, and consistent follow-ups. By implementing these three invoice hacks, you can improve cash flow, reduce overdue payments, and spend less time chasing clients.

Need help organizing your business finances? Let’s chat!

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