Businesses lost $23 million to scams in 2022, as false invoices hit SMEs hard
Australian businesses reported an astonishing $23.2 million in scam losses across 2022, with new data from the ACCC showing small firms are persistently vulnerable to email compromise and false billing scams.
Late invoice payments in the spotlight as Xero offers cash prizes to small businesses waiting for what they’re owed
Small businesses waiting for delayed invoice payments could score cash prizes from Xero, as accounting and business transaction make the promise of accelerated payment central to their pitches to SME customers.
Just 1% of Australian businesses have signed up for eInvoicing. Now, the ATO is set to double down on the time-saving scheme
Two years after launch, the eInvoicing system had only reached 25,000 of Australia's estimated 2.5 million businesses.
Commonwealth Bank unveils account ‘name and shame’ system to tackle email scams
Commonwealth Bank has announced a new security feature which highlights account names when users make a first-time payment, saying the addition will cut down on scams — particularly those using hacked business accounts.
How does eInvoicing work in the real world?
As eInvoicing becomes more common and businesses who rely on invoices for payment become weary of antiquated invoicing methods, it’s time to look at an example of how making the switch to eInvoicing radically improves payment collection.
Why isn’t your business using eInvoicing?
The Australian government has mandated the internal use of eInvoicing from 1 July 2022. Discussions are also being had around the mandatory nature of eInvoicing for all businesses, although no announcements or decisions have been made. So, if you want to get paid faster and gain some meaningful time savings while achieving enhanced visibility and accuracy – eInvoicing is for you.
“Think of it as insurance”: As business scams mount, Financial Services Minister Stephen Jones says it’s time to adopt eInvoicing
It is "critical" for small businesses to protect their payments with Australia's new eInvoicing protocol, Minister for Financial Services and Assistant Treasurer Stephen Jones says.
Webinar recap: Understanding eInvoicing and the difference it can make to your business
If you knew you could get massive efficiency gains from the investment of just a few minutes, you’d obviously take the plunge. That’s exactly what eInvoicing offers — and it’s not the only business benefit.
It’s eInvoicing Week, and the ATO says adopting the next-gen system could save your business time and money
The ATO and bookkeeping providers have hailed the launch of eInvoicing Week, celebrating the new digital invoicing process which promises to save time and money for small businesses across Australia.
eInvoicing is here. Is your business ready?
In this on-demand webinar, SmartCompany editor Eloise Keating will be joined by Mark Stockwell, director eInvoicing at ATO, Sam Aller, CEO at Reckon, and Alexi Boyd, CEO at COSBOA.
Five reasons to love eInvoicing
eInvoicing means no more fiddling about with manual bill entry, PDFs or emails, and it might just herald the end of late payments too.
Key takeaways from our latest webinar: Tips to grow your business in 2022 and beyond
Experts from All In Advisory, Xero and Airwallex share their tips for using digital tools and trends to grow your business in 2022.
