#Bad Debt
Nation-wide risk of business default worsens as inflation bites: Report
According to the latest CreditorWatch Business Risk Index, the risk of default over the next 12 months has grown in all regions across Australia with 5000 or more registered businesses, except for New South Wales' Lower Hunter and Wyong districts.
Prepare your business for 2013
Despite continued global economic volatility and a slowdown in China, the Australian economy is performing relatively well compared to other developed nations.
Time it takes to pay invoices widening
The results of the Credit and Debt Survey are in. Run by Dynamic Business in tandem with CreditorWatch, the survey found two thirds of businesses have seen a rise in the time it takes them to be paid over the last year.
3 quick ways to raise cash
Where is cash when you need it? Here’s an in-depth look at the art of raising good debt over bad in a world characterised by a number of emerging new trends.
Diligence key to avoiding bad debt
A jump in the number of businesses entering external administration should serve as a warning to SMBs to do research before taking on new customers, says a leading credit management expert.
Businesses warned following bad debt spike
Figures recently released by National Credit Insurance (Brokers) showed that the number of bad debt claims in February 2011 is almost 80% higher than claims for the previous month. The spike has caused cash flow finance specialist Oxford Funding to warn businesses to keep an eye on their debtors.
Ten tips to improve small business credit practices
Small businesses are often burned by bad debtors because they haven’t put in place solid workable credit practices to evaluate those they do business with. We asked Veda Advantage to provide ten top tips to help small businesses adopt and implement best practice credit practices.
12 easy ways to improve your cashflow today
While basic cashflow rules may seem tiresome, they are an effective way to ensure your business isn’t burned when your customers hit hard times, here are 12 easy ways to improve your cashflow – today!
Don’t let toxic debt ruin your business
SMEs often aren’t fussy enough about who they deal with in their eagerness to close a sale. But if that customer never pays up, it will end up doing you more harm than good.
Top tips to improve cash flow in 2011
There are many ways for you to improve your cashflow simply by altering your business processes and taking advantage of things such as interest-free days on credit cards where possible.
NSW Attorney General wants to hear about your debt recovery experiences
The Better Regulation Office and the Department of Justice and Attorney General are undertaking a joint review of the debt recovery process in New South Wales and need to hear from NSW businesses.
CreditorWatch exposes bad debtors for small business
CreditorWatch is a new service that lets small business expose clients who have not paid invoices on time and monitor current and potential clients credit ratings to avoid bad debt.
Cash flow management a priority for SMEs
Small to medium sized businesses (SMEs) are urged to strengthen their cash flow position now to lessen the risk of liquidity or financial distress, especially after the Australian Tax Office (ATO) is taking a tougher approach to collect outstanding tax debt.
Industry sectors with the worst debt levels revealed
In new figures released by the National Credit Insurance Brokers (NCI) claims received by bad debts in June 2010 were 44 percent higher than the 2004 – 2009 average over the same period.
Economic caution: Higher than average bad debt claims
The outlook for Australia’s economy might be improving, but there appears to be no end in sight to the cash flow pressures hitting most SMEs, with a higher than average number of debtors defaulting on what they owe due to insolvency, said cash flow finance specialist, Oxford Funding.