When small business suppliers are paid late, this “slows down cash flow for all”: MYOB

By James Harkness · 3 July 2017 · Cashflow

When small business suppliers are paid late, this “slows down cash flow for all”: MYOB

Small business suppliers feel the pinch of late payments

When big businesses delay payments, cash flow for small suppliers grinds to a halt. But a new initiative aims to change this, but will it be enough?

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Summary

Companies that sign-up to the voluntary Australian Supplier Payment Code commit to not only paying small business suppliers within thirty days of receiving a correct invoice but also helping them implement technologies and practices to speed up invoicing. The code is an initiative of the Business Council of Australia (BCA), which believes that it will […]

Tags: Australian Supplier Payment Code, Invoice, Kate Carnell, MYOB, Payment, Small Business, supplier, voluntary code