Australian businesses now delaying invoice payments by a week longer than six months ago, report says Economy David Adams 18 July 2022 Recent findings suggest the average outstanding invoice is now repaid in 38 days, compared to 31 days in January.
How to review and improve your pricing strategy in six small steps Cashflow Jenn Donovan 18 January 2022 The new year brings with it the perfect opportunity to review your pricing strategy and make sure your business remains profitable.
“Now is not the time”: Accounting groups urge government not to bring in mandatory e-invoicing for all businesses Finance Eloise Keating 3 February 2021 Two of Australia’s leading accounting groups are calling on the federal government to move away from a proposal to make e-invoicing mandatory for all businesses.
“Huge move”: Victorian government commits to paying SME suppliers within 10 days Cashflow Lois Maskiell 30 November 2020 The Victorian government has renewed its COVID-19 commitment to pay its small business suppliers within 10 days.
South Australian e-invoicing startup Link4 lands contract with Treasury to improve small business cashflow Finance Bassano Jessica 18 September 2020 An Australian government promise to pay its suppliers faster has led to a collaboration between Treasury and e-invoicing startup Link4.
ATO receives 3,000 JobKeeper rort tip-offs: Here’s how to prepare your business for a potential audit Coronavirus Ross Forrester 22 June 2020 Dodgy businesses should be concerned about a review, but legitimate businesses also shouldn’t get complacent about facing a possible audit.
Carnell calls on Morrison to outlaw payment times in excess of 30 days for SMEs amid coronavirus invoice extensions Cashflow Matthew Elmas 20 April 2020 Payment times in excess of 30 days should be outlawed, Kate Carnell says, noting a deluge of big businesses using COVID-19 as an excuse.
Government to pay interest to small businesses for late payments under new five-day e-invoicing deadline Cashflow Matthew Elmas 7 November 2019 Commonwealth agencies will be held accountable for late payments under a new resource management plan unveiled by the Morrison government.
Late payments a $7 billion issue for SMEs and is slowing revenue growth, report shows Finance Dominic Powell 24 June 2019 Late payment times has been revealed to be a $7 billion problem and one which is significantly slowing the growth of local SMEs.
E-invoicing is about to get easier as Arden and Morrison move on a $28 billion opportunity Cashflow Matthew Elmas 26 February 2019 E-invoicing will become easier for Australian small and medium businesses after Australia decided to ink a deal with New Zealand to develop the space.
Have your say: How should the government regulate late payment times? Cashflow Matthew Elmas 14 February 2019 The government is seeking views on how it should formulate its late payment times reporting policy, with everything from enforcement to scope covered.
Pauline Hanson wants to force big businesses to pay SMEs on time Cashflow Matthew Elmas 29 January 2019 Pauline Hanson wants to address small business payment times by forcing big businesses to cough up the cash in a timely manner.
