Human cost of late payments
Late payments affect business from financial and operational perspective It’s an issue that’s close to our hearts and a conversation that matters. But another conversation, one that’s often lost amid all the talk about lost revenues, invoice-chasing and the rest is the human cost of late payments. Because when businesses aren’t paid on time, it […]
Cashless society
Is cash set to become a thing of the past? Some financial professionals are predicting Australians could be living in a cashless society in less than a decade. What does the potential death of cash mean for you personally and for Australian society as a whole? We explore the current trends in consumer payment behaviour […]
Xero Small Business Insights April
Small business health upswing as payments, hiring improve February’s numbers are in – late payments and casual employment improve while cash flow worse. That suggests cyclical movements in Australian small business are on track to repeat themselves in 2018. While tighter cash flow is nothing to cheer about, the historical data suggests small businesses’ health will […]
Late payments worsen as seasonal trends hit in 2018
Xero small business insights January is typically the worst month for on-time payments to Australian small businesses. Many families are on school holidays, some businesses shut for weeks and outstanding bills can sit unpaid. This year was no different, and the latest Xero Small Business Insights data shows businesses waited an average 38.8 days to […]
How to set your small business payment terms
Healthy cash flow is important for any business, but particularly for small business owners in those first few “make it or break it” years. Business owners who set clear payment terms with their customers, invoice quickly, and follow up on late payment can avoid the dreaded cash flow crunch that can quickly put them out […]
