Tag: Invoice

Here’s why invoice financing is often confused with factoring and business owners must understand the difference.

April sees elevated average invoice values amidst mounting business pressure.

CreditorWatch Collect promises to revolutionize account receivables and collections processes.

To encourage the use of eInvoicing in Australia, the ATO is introducing eInvoicing week, which will provide small businesses with additional education, resources, and information.

In this week’s Let’s Talk, we asked experts for advice on how businesses can get paid on time.

The government initiated a consultation on creating a BER that would make it legal for a company to use e-invoices if a client requests it. 

Recently we covered the news that federal government departments will start paying e-invoices to businesses within five days. This applies only to contracts valued up to $1 million. If departments do not adhere to this new rule, they will face interest charges on any late payments – as long as both the supplier and agency use […]

A new report from Xero, the global small business platform, reveals for the first time the magnitude and impact of late payments to Australian small businesses, putting the value of outstanding, late payments at $115 billion a year. The research finds that half of all trade credit invoices are paid late and that solving the […]

Cybercriminals are targeting businesses with a new scam that uses fake invoices to trick the business into paying money to the scammer. The invoices look legitimate and are often sent from a legitimate-looking email address, making it difficult for busy finance teams to spot the fakes.  According to the ACCC’s Scamwatch, Australian businesses lost $2.8 […]

With companies increasingly defaulting on payments, going into administration and getting wound up by the ATO, small to medium businesses are more vulnerable than ever to bad debtors. To safeguard their bottom line against slow and non-payers, it is necessary for businesses to perform due diligence on their customers and otherwise maintain an effective credit management system. Our […]