Cashflow
There’s been a strong rise in the number of businesses entering external administration (EXAD) for the three months to September, as poor sales and increased creditor activity takes its toll.
The Commonwealth Bank (CBA) has rolled out its Everyday Settlement feature, designed to give businesses instant access to funds from their merchant terminals.
Local accountants are missing business opportunities worth hundreds of thousands of dollars by covering only the basic needs of their clients, forcing many to go elsewhere when they need more complex services.
Melbourne-based SMEs looking to cut their electricity costs now have access to a new solution from CarbonetiX, which is designed to help businesses cut their consumption by up to 50 percent.
Business defaults hit their second highest rate in September for eight years, leading experts to warn SMEs to be on top of their accounts receivable as Christmas approaches and cashflow worsens.
Local business owners are feeling pessimistic about seeing revenue rises during the upcoming Christmas season, as many express doubt the economy will improve any time soon.
The major banks are becoming increasingly different in their approaches to the business banking market, according to recent customer satisfaction results.
Andrew Boyd takes a look at the business benefits of the Qantas American Express Discovery Credit Card.
“With the Qantas American Express Discovery credit card, you can turn what was previously just an expense into something that rewards you.”
Whilst some businesses prefer to make use of a bank overdraft, there are a number of disadvantages of using this method of credit. Use this checklist to see whether an overdraft is right for your business.
SMEs need to make better use of their year-end account management figures, as annual accounts act as the most honest critic of a business’ success.
The current economic climate is putting increased pressure on Australian SMEs and causing more to enter external administration, according to new research from Veda.
MYOB has detailed the results of a three-year $75 million innovation strategy, which includes its new MYOB Business Platform that will allow businesses to migrate their MYOB solutions to the cloud to connect with their accountant, bank and website.
Bankers are judgmental – they have to be as they’re given limited information about their client and are expected to spot clues about credit risk from the basic information available. Given this, there are a few simple ways you can ensure your business appears low risk to the bank.
How to avoid dealing with businesses who don’t pay, and what you can do when they refuse.
Andrew Boyd reviews the American Express Velocity card, and looks at what benefits it delivers to businesses.
While Australians recognise the name, many don’t know how eftpos works and what happens when customers press ‘CHQ’, ‘SAV’ or ‘CR’ at the checkout.
Business confidence is being further battered thanks to a 40 percent rise in business-to-business bad debt claims and increasing payment terms, leading experts to urge SMBs to better manage their cashflow.
Figures released by Dun & Bradstreet this week showed 3,000 businesses collapsed in the June quarter, leading experts to urge SMEs to focus on fixing cashflow or risk becoming part of these statistics.
With insolvencies continuing to rise, SME owners and directors need to ask themselves if they’re being proactive in managing their banking relationship, both in good times and in bad.
Why bother putting effort into choosing a good accountant? Quite simply, he or she could very well become the best possible advisor for your business.
