Posts tagged "invoice"

The European Union is taking a vastly different approach to Australian lawmakers, arguing a hard 30-day time limit on invoice payments is the way to protect small businesses.

Australian businesses using MYOB will soon make payments through the Stripe system, a move that will help its users focus on what actually matters: serving their customers and easing cash-flow constraints.

Bizpay, the Australian fintech offering buy now, pay later services for business-to-business invoices, has fallen into voluntary administration.

Small businesses waiting for delayed invoice payments could score cash prizes from Xero, as accounting and business transaction make the promise of accelerated payment central to their pitches to SME customers.

The federal government has urged small businesses to share their thoughts on how to accelerate payment times between major companies and their suppliers.

Australia's payment times watchdog says it will intensify its focus on big businesses in 2023, after the release of "concerning" data showing the average payment time to small businesses barely budged in 2022.

It is "critical" for small businesses to protect their payments with Australia's new eInvoicing protocol, Minister for Financial Services and Assistant Treasurer Stephen Jones says.

Small Businesses and Family Enterprise Ombudsman Bruce Billson has eviscerated the more than half of big businesses in Australia that are failing to pay their suppliers on time.

Recent findings suggest the average outstanding invoice is now repaid in 38 days, compared to 31 days in January.

Labor has made its election pitch to the small business community, promising to cap invoice payment times at 30 days, champion lower merchant service fees, standardise disaster support, and slash red tape at tax time.

Chasing debt? Here are nine tried-and-tested tips that will help you make debt collection just another usual business function.

Starting this week Commonwealth agencies are expected to pay invoices worth less than $1 million within 20 days rather than 30 as the previo…