When it comes to challenging documents, finance documents have to rank right up there in terms of what some business owners struggle with. As business owners, we all know that having financial control of your business, helps you to stay in business by boosting revenue.

This is why I’ve put together a comprehensive list of finance templates that take the pressure off you, while helping to increase your bottom line. Instead of spending your time figuring out what needs to be in these all-important documents, all you need to do is work out which documents you need for your business. From there, each document is a quick download away and all you need to do is fill in the information that’s specific to your business.

As I type away and write this blog, we have over 35 finance documents available for you to down-load and that number is always growing. Some of the most important and popular finance tem-plates cover areas including:

  • Cash flow and accounting
  • Debtors and arrears
  • Credit management
  • Bad debts and write offs
  • Business expense reimbursement

We’ve also found that our template letters advising clients of rates and fees have been incredibly popular. Why spend time typing out different letters that contain the same information? Our tem-plates ensure that you’re communicating the key points you need to and that your rates remain as consistent as you need them to be across the board. Likewise, our customer’s feedback tells us that they’re loving the payment plan letters as they ultimately, help them to increase revenue. After all, there are times when it makes financial sense to offer your customers a payment plan as opposed to losing a sale simply because they can’t to pay the amount owed in one bulk sum.

So why are these templates important and how can they help you to ensure your business is where it needs to be in terms of its financials? I’ve worked very hard to build a bank of documents that not only help you to run your business but that are put together in a way that complies with Australian legislation where needed. In other words, all of the business accounting transactions and financial reports you download from Dawtek, follow Australian and International Accounting Standards. By putting effective systems into place and having these reports on-hand, you’re able to better manage one of the most important elements of your business.

What are a few of the key financial numbers anyone running a successful business should know?

#1. Cash flow

Explained simply, this is the total amount of money coming into and going out of your business. You need to be aware of your cash flow so that you know how your business is tracking and what it’s capable of at any point in time. If you’re running a start-up, this is especially important. With high growth often comes the need for a hefty injection of cash to keep things growing. The last thing you want to happen is to find yourself in a difficult position financially because you haven’t been tracking your finances properly. A simple template can help to keep you on track.

#2. Profit and loss

This one is fairly self-explanatory but you really would be surprised at how many business owners have a big question mark when it comes to their P&L statement (Profit and Loss Statement). Knowing this information provides you with a quick snapshot of where you’re placed. You can choose to report on this quarterly or however often suits (I prefer quarterly as it means you can get on top of any areas that aren’t performing as expected before they become bigger issues). When you have this information and have tracked it in the longer-term, you can project earnings and use these numbers to plan where you want your business to be in both the short and longer terms.

#3. Sales figures

Regardless of whether you sell products or offer services, we all need to sell to flourish in business. Tracking your sales figures helps you to see patterns in terms of increases and decreases at certain times of the year and to plan accordingly. Alone, this is just data but when you use it strategically, it helps you to better understand why your business is performing the way it is at certain times of the year or during certain marketing periods or promotions.

The key financial numbers you need to know will depend on the kind of business you’re running. However, the three I’ve mentioned here are vital for most businesses and our financial templates go a long way to keeping you on track towards meeting your goals.

Browse through our available financial templates now. Know that we offer a bundle pack of 35+ finance and 25+ IT business documents for just $75. Find out more.

If you’ve got any questions, send them through and I’ll get back to you as soon as I can. Send me a note online or give me a call on 1300 DAWTEK (1300 329 835).

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