Confidence returning to New Zealand businesses

Cashmanager | 8 years ago

In good news for small Kiwi businesses, the New Zealand Institute of Economic Research (NZIER) has released their latest Quarterly Survey of Business Opinion, which highlighted that the country's economy has rebounded in the September quarter. The amount of businesses that expected their conditions to improve in the coming quarter increased from 19 per cent to 23 per cent since the June quarter, indicating an increasing confidence for New Zealand business across the market. This was the highest result since the September quarter in 2003, and was well above the average of 11 per cent. "Businesses are optimistic, activity is rebounding and this is being gradually realised into more jobs and profits," said Shamubeel Eaqub, the principal economist at NZIER. For example, domestic trading activity increased from 5 per cent to 11 per cent since the June quarter, which is consistent with the expected GDP of three per cent for the year. With an increasingly positive economic atmosphere in the country, now could be the perfect time to take check of your businesses internal processes and ensure that everything is still running as smoothly and efficiently as possible. For example, heading into the final stretch of the year can be an extremely busy time for retail and service businesses as the holiday season approaches and people begin to gear up for their gift spending sprees. It can be a prime time for people to lose receipts, dodge account payments and become whimsical with their money. By ensuring you have strong, streamlined business accounting software, you can help to maintain your cashflow throughout the season and come out on top in the New Year. For example, the CashManager range of software from Accomplish can help you to maintain your cashflow through the simple implementation of handy reports and an easy-to-use interface, giving you complete control over your businesses finances.