Home topics finance finance-cash-flow Cashflow Small Business Cashflow Top tips to get your SMB paid by EOFY Ben Pfisterer June 29, 2017 Getting paid: one of the toughest issues every small business owner faces. As if building a great reputation, creating a stellar client list and securing sales isn’t hard enough – sometimes weeks go by and business owners are still waiting to see the money in the bank. Last year, data from MarketInvoice highlighted Australia as one of the worst culprits globally for not paying up when it comes to business invoicing. The report showed that late payments were suffocating small businesses, with over $19 billion locked away in outstanding invoices and some customers delaying invoice payments by close to 27 days past the due date. And while there are many advocates out there, including the Australian Small Business and Family Enterprise Ombudsman (ASBFEO) and the Business Council of Australia, who are trying to get governments to implement the regulatory framework that ensures businesses get paid faster, it won’t come in time for the 2017-18 financial year. However, before you assume there is nothing you can do, there are more business tools and technologies available now than ever before, all designed to help business owners take back control and implement clever steps to improve their point-of-sale and invoicing processes. Here are four tips for small business owners to help them get paid faster this financial year: Start sending simple and user-friendly e-invoices Don’t spend hours manually writing up and