radford tax logo
07 5495 4100 ◆

Testimonials

TOTALLY_AUTOMOTIVE_LOGO-1940x598

We have been with Radford Accounting for 12 years. Peter has helped from the very first day we commenced business and is always just a phone call away to guide us through.We have always been able to rely on great service from Peter and the team.

The Wilmington’s
Totally Automotive
www.totallyautomotive.com.au

Being a client of Peter Radford Accounting for many years now, I find Peter and all of his staff are approachable, and consistently demonstrate exceptional professionalism and dedication.  Utilizing their extensive knowledge of tax and accounting, they are able to provide reliable and expert advice with outstanding service.  I would recommend them without hesitation.

Sally York
Managing Director
Yorkbuild

maximise your business's value

latest news

Short-term vs long-term financing

Posted on August 18, 2019 by admin

Maintaining healthy cash flow can be challenging; between ongoing expenses and bills, poor cash flow can severely impact your customers, staff and bottom line. Business owners need to understand the differences between short and long-term financing when developing a cash flow strategy.

There are various sources of financing available, with each being useful for different situations. Choosing the right source and mix is key for good cash flow, with financing options often being classified into two categories based on time period: short-term and long-term. To find the right plan for you, determine your needs and then match a financing option to meet those needs.

Short-term financing:
Short term financing, or working capital financing, looks at needs that arise in relation to financing current assets – for a period of less than one year. Working capital is the funds that are used in the day-to-day trading operations of a business. Short-term financing can help you to pay suppliers, increase inventory and cover expenses when you do not have sufficient cash on hand.

Long-term financing:
Long-term financing options can help you invest in overall improvements to your business, for a period of more than 5 years. Capital expenditures, such as upgrading equipment, buying additional vehicles and renovating are funded using long-term sources of finance.

radford tax associationsradford tax associationsradford tax associations