{"id":9542,"date":"2023-09-13T10:00:52","date_gmt":"2023-09-13T00:00:52","guid":{"rendered":"https:\/\/astrolabeacc.com.au\/?p=9542"},"modified":"2023-09-14T10:44:59","modified_gmt":"2023-09-14T00:44:59","slug":"liquidating-assets","status":"publish","type":"post","link":"https:\/\/astrolabeacc.com.au\/liquidating-assets\/","title":{"rendered":"Navigating financial pressure: a guide to liquidating business assets"},"content":{"rendered":"<figure id=\"attachment_9551\" aria-describedby=\"caption-attachment-9551\" style=\"width: 450px\" class=\"wp-caption alignright\"><a href=\"https:\/\/astrolabeacc.com.au\/app\/uploads\/btkf6g-o8fu.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-9551\" src=\"https:\/\/astrolabeacc.com.au\/app\/uploads\/btkf6g-o8fu-1024x683.jpg\" alt=\"Navigating financial pressure: a guide to liquidating business assets - man in green jacket walking on sidewalk during daytime\" width=\"450\" height=\"300\" srcset=\"https:\/\/astrolabeacc.com.au\/app\/uploads\/btkf6g-o8fu-1024x683.jpg 1024w, https:\/\/astrolabeacc.com.au\/app\/uploads\/btkf6g-o8fu-300x200.jpg 300w, https:\/\/astrolabeacc.com.au\/app\/uploads\/btkf6g-o8fu-1536x1024.jpg 1536w, https:\/\/astrolabeacc.com.au\/app\/uploads\/btkf6g-o8fu-292x195.jpg 292w, https:\/\/astrolabeacc.com.au\/app\/uploads\/btkf6g-o8fu-150x100.jpg 150w, https:\/\/astrolabeacc.com.au\/app\/uploads\/btkf6g-o8fu-1320x880.jpg 1320w, https:\/\/astrolabeacc.com.au\/app\/uploads\/btkf6g-o8fu.jpg 1600w\" sizes=\"(max-width: 450px) 100vw, 450px\" \/><\/a><figcaption id=\"caption-attachment-9551\" class=\"wp-caption-text\">Photo By Markus Spiske<\/figcaption><\/figure>\n<p><span style=\"font-weight: 400;\">Every business encounters financial challenges at one point or another. But when the going gets tough, just remember that you\u2019re not without options. One practical strategy that can help you weather the storm is liquidating assets.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Asset liquidation is a process of converting your business\u2019s tangible or intangible assets into cash, providing you with the vital liquidity to bridge financial gaps until your business recuperates. However, this strategy demands careful planning and swift action. An accurate asset register aids in making informed decisions about what assets to sell off.<\/span><\/p>\n<h3><b>Asset Liquidation: The four principal categories<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">Broadly speaking, business assets that could be converted to cash fall under four categories:<\/span><\/p>\n<ul>\n<li><b>Current Assets<\/b><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">These include items that can be sold quickly for cash. If these assets aren\u2019t essential to your operations, they can be used to cover immediate expenses, buying more time for recovery. Examples include accounts receivable, existing inventory, raw materials, manufacturing and packaging supplies, short-term investments, and offshore funds.<\/span><\/p>\n<ul>\n<li><b>Fixed or Long-Term Assets<\/b><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Fixed assets are typically more costly and last for over a year. These can be streamlined and sold if they\u2019re no longer required. If you own property, equipment or vehicles that are still needed, consider selling the asset for immediate cash flow and then leasing back.<\/span><\/p>\n<ul>\n<li><b>Intangible Assets<\/b><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">These are typically more challenging to value and sell due to their nature. They include intellectual property, goodwill, brand, and business \u2018know-how\u2019. While they are crucial to your business, selling them may be an option if the situation is critical.<\/span><\/p>\n<ul>\n<li><b>Other Business Interests<\/b><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">If parts of your business aren\u2019t crucial to its core operations, they could be sold off without causing disruption. This includes underperforming divisions or non-core products or markets.<\/span><\/p>\n<h2><b>A caution<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">Remember that the liquidation value of an asset is typically below market value. Consider all options carefully before liquidating valuable business assets. Always seek legal, financial, and business advice before making decisions that impact your long-term future.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Your business has the resilience to weather financial storms. You just need the right strategies to navigate these challenging times.<\/span><\/p>\n<p><span style=\"font-weight: 400;\"><a href=\"https:\/\/astrolabeacc.com.au\/contact-us\/\">Consult with us<\/a> if you\u2019re unsure about the best course of action.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Every business encounters financial challenges at one point or another. But when the going gets tough, just remember that you\u2019re not without options. One practical strategy that can help you weather the storm is liquidating assets. Asset liquidation is a process of converting your business\u2019s tangible or intangible assets into cash, providing you with the &hellip; <a href=\"https:\/\/astrolabeacc.com.au\/liquidating-assets\/\">Continued<\/a><\/p>\n","protected":false},"author":11,"featured_media":9551,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[35,38,39],"tags":[],"jetpack_publicize_connections":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Navigating financial pressure: a guide to liquidating business assets - Astrolabe Accountancy Pty Ltd<\/title>\n<meta name=\"description\" content=\"Every business encounters financial challenges at one point or another. Liquidating business assets can help you weather the storm.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/astrolabeacc.com.au\/liquidating-assets\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Navigating financial pressure: a guide to liquidating business assets - Astrolabe Accountancy Pty Ltd\" \/>\n<meta property=\"og:description\" content=\"Every business encounters financial challenges at one point or another. Liquidating business assets can help you weather the storm.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/astrolabeacc.com.au\/liquidating-assets\/\" \/>\n<meta property=\"og:site_name\" content=\"Astrolabe Accountancy Pty Ltd\" \/>\n<meta property=\"article:published_time\" content=\"2023-09-13T00:00:52+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-09-14T00:44:59+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/astrolabeacc.com.au\/app\/uploads\/btkf6g-o8fu.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1600\" \/>\n\t<meta property=\"og:image:height\" content=\"1067\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Gregory Beattie\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Gregory Beattie\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/astrolabeacc.com.au\/liquidating-assets\/\",\"url\":\"https:\/\/astrolabeacc.com.au\/liquidating-assets\/\",\"name\":\"Navigating financial pressure: a guide to liquidating business assets - Astrolabe Accountancy Pty Ltd\",\"isPartOf\":{\"@id\":\"https:\/\/astrolabeacc.com.au\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/astrolabeacc.com.au\/liquidating-assets\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/astrolabeacc.com.au\/liquidating-assets\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/astrolabeacc.com.au\/app\/uploads\/btkf6g-o8fu.jpg\",\"datePublished\":\"2023-09-13T00:00:52+00:00\",\"dateModified\":\"2023-09-14T00:44:59+00:00\",\"author\":{\"@id\":\"https:\/\/astrolabeacc.com.au\/#\/schema\/person\/ccde52eeeba075d33630cd0d3213cf6d\"},\"description\":\"Every business encounters financial challenges at one point or another. Liquidating business assets can help you weather the storm.\",\"breadcrumb\":{\"@id\":\"https:\/\/astrolabeacc.com.au\/liquidating-assets\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/astrolabeacc.com.au\/liquidating-assets\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/astrolabeacc.com.au\/liquidating-assets\/#primaryimage\",\"url\":\"https:\/\/astrolabeacc.com.au\/app\/uploads\/btkf6g-o8fu.jpg\",\"contentUrl\":\"https:\/\/astrolabeacc.com.au\/app\/uploads\/btkf6g-o8fu.jpg\",\"width\":1600,\"height\":1067,\"caption\":\"Photo By Markus Spiske\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/astrolabeacc.com.au\/liquidating-assets\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/astrolabeacc.com.au\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Navigating financial pressure: a guide to liquidating business assets\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/astrolabeacc.com.au\/#website\",\"url\":\"https:\/\/astrolabeacc.com.au\/\",\"name\":\"Astrolabe Accountancy Pty Ltd\",\"description\":\"Accounting and Bookkeeping | Tax | Business Advisory | SMSF | Exit Strategy\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/astrolabeacc.com.au\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/astrolabeacc.com.au\/#\/schema\/person\/ccde52eeeba075d33630cd0d3213cf6d\",\"name\":\"Gregory Beattie\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/astrolabeacc.com.au\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/bce44a7745347e782a4a87aa9589c31c?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/bce44a7745347e782a4a87aa9589c31c?s=96&d=mm&r=g\",\"caption\":\"Gregory Beattie\"}}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Navigating financial pressure: a guide to liquidating business assets - Astrolabe Accountancy Pty Ltd","description":"Every business encounters financial challenges at one point or another. Liquidating business assets can help you weather the storm.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/astrolabeacc.com.au\/liquidating-assets\/","og_locale":"en_US","og_type":"article","og_title":"Navigating financial pressure: a guide to liquidating business assets - Astrolabe Accountancy Pty Ltd","og_description":"Every business encounters financial challenges at one point or another. Liquidating business assets can help you weather the storm.","og_url":"https:\/\/astrolabeacc.com.au\/liquidating-assets\/","og_site_name":"Astrolabe Accountancy Pty Ltd","article_published_time":"2023-09-13T00:00:52+00:00","article_modified_time":"2023-09-14T00:44:59+00:00","og_image":[{"width":1600,"height":1067,"url":"https:\/\/astrolabeacc.com.au\/app\/uploads\/btkf6g-o8fu.jpg","type":"image\/jpeg"}],"author":"Gregory Beattie","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Gregory Beattie","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/astrolabeacc.com.au\/liquidating-assets\/","url":"https:\/\/astrolabeacc.com.au\/liquidating-assets\/","name":"Navigating financial pressure: a guide to liquidating business assets - Astrolabe Accountancy Pty Ltd","isPartOf":{"@id":"https:\/\/astrolabeacc.com.au\/#website"},"primaryImageOfPage":{"@id":"https:\/\/astrolabeacc.com.au\/liquidating-assets\/#primaryimage"},"image":{"@id":"https:\/\/astrolabeacc.com.au\/liquidating-assets\/#primaryimage"},"thumbnailUrl":"https:\/\/astrolabeacc.com.au\/app\/uploads\/btkf6g-o8fu.jpg","datePublished":"2023-09-13T00:00:52+00:00","dateModified":"2023-09-14T00:44:59+00:00","author":{"@id":"https:\/\/astrolabeacc.com.au\/#\/schema\/person\/ccde52eeeba075d33630cd0d3213cf6d"},"description":"Every business encounters financial challenges at one point or another. Liquidating business assets can help you weather the storm.","breadcrumb":{"@id":"https:\/\/astrolabeacc.com.au\/liquidating-assets\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/astrolabeacc.com.au\/liquidating-assets\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/astrolabeacc.com.au\/liquidating-assets\/#primaryimage","url":"https:\/\/astrolabeacc.com.au\/app\/uploads\/btkf6g-o8fu.jpg","contentUrl":"https:\/\/astrolabeacc.com.au\/app\/uploads\/btkf6g-o8fu.jpg","width":1600,"height":1067,"caption":"Photo By Markus Spiske"},{"@type":"BreadcrumbList","@id":"https:\/\/astrolabeacc.com.au\/liquidating-assets\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/astrolabeacc.com.au\/"},{"@type":"ListItem","position":2,"name":"Navigating financial pressure: a guide to liquidating business assets"}]},{"@type":"WebSite","@id":"https:\/\/astrolabeacc.com.au\/#website","url":"https:\/\/astrolabeacc.com.au\/","name":"Astrolabe Accountancy Pty Ltd","description":"Accounting and Bookkeeping | Tax | Business Advisory | SMSF | Exit Strategy","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/astrolabeacc.com.au\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/astrolabeacc.com.au\/#\/schema\/person\/ccde52eeeba075d33630cd0d3213cf6d","name":"Gregory Beattie","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/astrolabeacc.com.au\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/bce44a7745347e782a4a87aa9589c31c?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/bce44a7745347e782a4a87aa9589c31c?s=96&d=mm&r=g","caption":"Gregory Beattie"}}]}},"_links":{"self":[{"href":"https:\/\/astrolabeacc.com.au\/wp-json\/wp\/v2\/posts\/9542"}],"collection":[{"href":"https:\/\/astrolabeacc.com.au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/astrolabeacc.com.au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/astrolabeacc.com.au\/wp-json\/wp\/v2\/users\/11"}],"replies":[{"embeddable":true,"href":"https:\/\/astrolabeacc.com.au\/wp-json\/wp\/v2\/comments?post=9542"}],"version-history":[{"count":4,"href":"https:\/\/astrolabeacc.com.au\/wp-json\/wp\/v2\/posts\/9542\/revisions"}],"predecessor-version":[{"id":9552,"href":"https:\/\/astrolabeacc.com.au\/wp-json\/wp\/v2\/posts\/9542\/revisions\/9552"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/astrolabeacc.com.au\/wp-json\/wp\/v2\/media\/9551"}],"wp:attachment":[{"href":"https:\/\/astrolabeacc.com.au\/wp-json\/wp\/v2\/media?parent=9542"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/astrolabeacc.com.au\/wp-json\/wp\/v2\/categories?post=9542"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/astrolabeacc.com.au\/wp-json\/wp\/v2\/tags?post=9542"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}