Lindsay Simoncavage

Lindsay Simoncavage

Lindsay Simoncavage

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The solution to small business late payments (Part 2)

In Part 1 of Small Business Late Payment Solutions, we talked about how late payments are costing small businesses and that everyone – big business, small business, bookkeepers, accountants, advisors and small business advocates – all need to do their part to fix this issue. The discussion touched on the importance of technology and credit… Continue reading The solution to small business late payments (Part 2)

The solution to small business late payments (Part 1)

Noel Tiufino (Managing Partner) and Raj Saini (Partner) from MyAccounts and Angus Capel (Small Business Advocate) from Xero, recently spoke to Creditorwatch about late payments and what small businesses can do about them. In the Dynamic Business interview with Trent Innes at Xerocon (September 2019), we revealed just how much small businesses are affected by late… Continue reading The solution to small business late payments (Part 1)

Small business risk review

CreditorWatch reviewed industry data across that last 12 months. It may be no surprise to some that the riskiest industry was Construction. The statistics were loud and clear across each state that construction was performing poorly. New South Wales was the riskiest in Construction by 33%. New South Wales had the highest court actions in… Continue reading Small business risk review

When good credit becomes bad credit

In a perfect world, suppliers would prefer to be paid cash up front. However, in reality, the world works on credit. Trade credit is inevitable and so is the debt that comes with it. For most businesses, trade credit is essential for growth as businesses don’t have to pay suppliers on the spot but rather with… Continue reading When good credit becomes bad credit

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