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How Your Payment Terms Could be Damaging Your Business

How Your Payment Terms Could be Damaging Your Business

by Bionic Chartered Accounting | Oct 29, 2025 | Business

“Beware of little expenses; a small leak will sink a great ship.” (Benjamin Franklin) Extending 30-, 60- or 90-day payment terms may seem like a simple trick to help your sales teams convert sales, smooth negotiations and boost customer service. What you may not...
Salary Sacrifice: Why Founders Should Always Pay Themselves

Salary Sacrifice: Why Founders Should Always Pay Themselves

by Bionic Chartered Accounting | Sep 29, 2025 | Business

“Paying yourself isn’t selfish, it’s sustainable. The goal is to strike a balance that supports your personal life without compromising the growth of your company.”  (Salim Omar, CPA and serial entrepreneur) Many founders see skipping their own salary as a noble way...
Adapt or Suffer: How to Keep Your Business Afloat in a Changing Climate

Adapt or Suffer: How to Keep Your Business Afloat in a Changing Climate

by Bionic Chartered Accounting | Sep 29, 2025 | Business

“Taking bold action on climate change simply makes good business sense. It’s also the right thing to do for people and the planet.” (Richard Branson) Climate change impacts the fundamentals of business operations. Rising heat affects productivity, floods and...
Management Accounts: A Strategic Tool for Business Success

Management Accounts: A Strategic Tool for Business Success

by Bionic Chartered Accounting | Sep 29, 2025 | Business

“Accounting is the language of business.” (Warren Buffett) Increasingly, banks and other organisations are requiring businesses to submit up-to-date management accounts when applying for finance. This is because these compact financial reports enable business analysis...
What’s the Difference Between a Bookkeeper and an Accountant?

What’s the Difference Between a Bookkeeper and an Accountant?

by Bionic Chartered Accounting | Aug 27, 2025 | Accounting, Business

“Finance is effectively the rhythm section of a company. It creates the company cadence that every company needs.” (John Baule, CPA and ecommerce expert) You can’t grow a business without a clear handle on your numbers. But too many business owners still confuse...
The Emotion-Based Money Decisions That Could Be Costing Your Business

The Emotion-Based Money Decisions That Could Be Costing Your Business

by Bionic Chartered Accounting | Aug 27, 2025 | Business, Financial

“Financial planning causes a struggle between the rational brain and the emotional brain.” (Michael C. Finke, author of Money Management Skills)  You didn’t start your business to become a psychologist. But understanding the way emotions creep into your decisions...
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