Tag: Debt Collection

CreditorWatch Collect promises to revolutionize account receivables and collections processes.

Even as businesses across Australia and New Zealand brace for rising costs ahead, protecting one’s cash flow has never been more crucial.

It’s back to business for the Australian Tax Office (ATO) as it resumes debt collection in NSW, the ACT and Victoria. 

As a small business owner, you could be wondering if during the chaotic times of COVID-19, is it still possible to sue a customer for an unpaid account/debt?  In the first instance, you should try as hard as you can to recover funds you’re owed through processes such as payment plans if a customer simply […]

Many small businesses take on jobs and incur costs in buying materials, even carry out work well before they get paid for the job. In an ideal world, your business would obtain payment upfront from the customer to cover significant job costs. However, a lot of the time this isn’t possible, particularly if your customer […]

Any small business owner will know the struggle of time – being short on time, and not getting paid on time. It’s often easy to forget the importance of back office functions, particularly invoicing and debt collection processes. Luckily, if you take the time to streamline these processes, the amount of time wasted chasing late […]

Last week, the Australian Small Business and Family Enterprise Ombudsman released the findings of the Inquiry into Payment Times and Practices in Australia. The results were startling but, for many small businesses across Australia, they were not surprising. The inquiry revealed almost half of small business are owed more than $20,000 from late payments, and […]

The Australian Competition and Consumer Commission (ACCC) and the Australian Securities and Investments Commission (ASIC) have released a guide to help customers deal with debt collectors and creditors.

Debtors can suck the cash out of your business and leaving you struggling to pay your bills.

Cash is like oxygen for small business owners, and keeping a close eye on cashflow is important—especially during the holiday period when it can be hard to contact your debtors.