Tag: Accounts Receivable

Although transforming your AR department may not sound exciting, it can result in serious business benefits, writes Claudia Pirko

Freeing up cash on your balance sheet could help your business weather the storm this year. Automating the accounts receivable (AR) function is one of the most effective ways for businesses to increase their cash flow without investing in an army of reinforcements to work the phones.

Running a small business has many rewards, but it has never been an endeavour for the faint-hearted. One of the most common yet avoidable areas of stress for SME owners is the ability to manage and maintain sufficient cashflow.   [Editor’s note: This is the fifth in a 12-part series, by accountant and serial entrepreneur Tanya […]

After spending years getting yourself up and running, working on sales and the front end, it’s likely that the back end – accounting practices and accounts receivable – have been somewhat forgotten. With more and more companies defaulting on payments, going into administration and getting wound up by the ATO, now more than ever is the […]

Business defaults hit their second highest rate in September for eight years, leading experts to warn SMEs to be on top of their accounts receivable as Christmas approaches and cashflow worsens.

More than half of Australian executives are being negatively impacted by late payments even though payment behaviours improved slightly during the June quarter.