small business money management new zealand

Being a small business owner in New Zealand, it’s essential that you know how to manage your finances. When you see that your debt seems to grow each month continually and you feel that more money goes out than come, then it’s quite a worrying situation for you.

You’ll need to have a better way of managing your small business finances, so here are some of our top tips when it comes to smart money management.

It will surely help your small business NZ in the long run.

small business money management

  1. Be vigilant and always check your accounts

If you always check your accounts especially when you do regular reconciling, then you can easily spot odd transactions or cash flow trends that may impact your monthly finances. It’s better to see and resolve various problems from your account early, so you can set a better plan in the long run that will avoid issues before they occur. It’s also important that you have the right finance product that may help you ride out any unnecessary bumps and it will also be valuable when it comes to safeguarding your business.

  1. Always expect the unexpected and be ready for it

What do you think would happen when a big client doesn’t pay you? These types of situation can unexpectedly happen, so you better know what to do when it does happen.

When you suddenly felt that you’re no longer in a position to cover your costs and the future of your small business takes a hit. It’s always good to have a plan in place, and one of the best options for these types of situation is a loan product like invoice finance that can cover the payment of invoices once they are issued.

Always keep in mind that there are many products that can help smooth the ups and downs of your cash flow.

  1. Are you planning to make your home a collateral to secure a loan?

As you already know, there are many financial institutions that will require your personal property to be put as the guarantee against debt. This is quite risky, in my opinion, because if your business fails it will surely cost you your house and you don’t want that to happen.

It’s good to be aware that NOT all business loans require this since some lenders especially those that provide vehicle or equipment loans consider these items is already the collateral as well as invoice finance where the value of the invoices is the security.

So, it’s always good to talk to your broker today about unsecured small business loans NZ that may be available based on your qualifications.

  1.   Always pay on time and be on top of your obligations

– PAYG and GST. Always pay GST amounts on time to avoid any overdue penalties. You can easily do this online through the ATO site.

– Insurance. Keep an eye on your insurance and pay all your premiums before its due date.

– Tax lodgement. Make sure you pay all your business’s tax liabilities, and it’s being reported correctly based on timeframes. For further verification, you can always check the ATO website.

Therefore, it’s essential that you have several finance products that can help you in case you need the money to cover for these obligations, without worrying about your cash flow or putting your property at stake when you make it as collateral for your loan.

  1. Always keep a healthy working capital

In any type of small business in NZ, the more assets you have as opposed to what you owe is considered a healthy working capital that you can use for running your small business and to keep it growing in the long run.

Always keep in mind that there are some finance products that can help you grow your small business, while preserving your working capital. You can learn more when you check about small business loans NZ on our website.

  1. Define your obligation as the director

Don’t be left out in the dark when unexpected things happen in your small business. That is why when you’re a company director, you need to know your legal obligation that you need to comply with.

These will include the following

  • Ensuring your company doesn’t trade while insolvent
  • You have working capital available
  • Your company’s finances are up-to-date

However, if you’re looking for some help, it’s better to obtain professional and legal advice.

  1. Seeking the help of a reliable business finance broker

It’s essential to have the right finances to keep your small business running and growing over the long term, but you need to know the different types of finance products and lenders out there.

Always keep in mind that brokers will work for you and will match you to a lender based on your application and qualification. The main role of a lender is to help you find the best finance solution for your small business NZ.

You can always contact a broker today, and they will definitely provide the best solution based on your financial needs.


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Russel needed an injection of cash to pay his employees while he was waiting to be paid. We were able to have the funds in his account 48 hours after he first applied.

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Max needed funds to renovate his restaurant in NSW. He didn’t want to put his property on the line to secure a loan with the bank. We were able to get him over 100k without offering any security.

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Anna needed funds to renovate her practice in Adelaide. We were able to get her the funds she needed with only providing her business bank statements and photo ID.



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  • Level 27, PwC Tower, 188 Quay Street,
    Auckland 1010, New Zealand
  • 0800 839 383