Cash flow checklist is a valuable tool for any business this 2021. A year often comes new and exciting opportunities for business growth. But before you dive in and explore the possibilities of 2021, you first need to make sure your business is in financially prepared. The best place to start is with your cash …
Cash Flow Checklist to Prepare Your Business For 2021 Read More »
The holiday sales season is a golden opportunity for businesses. But December busyness does not always increase sales this holiday season. Here are three tips to increase sales this holiday season to improve cash flow: Improve customer service. Increase sales value. Plan for the worst in advance. Improve customer service. Customer service, not discounts, is …
3 Tips to Increase Sales This Holiday Season Read More »
As Australia moves towards economic recovery, it is time to get past the challenges brought about by the pandemic. The past months have been troubling to most businesses and some just didn’t know what to do. The global health crisis, coupled with government-imposed lockdowns, may have left businesses with a lot of unfinished work, uncollected …
4 Tips to Manage Cash Flow to Get Your Business Back on Track Read More »
The invoice is among the most important documents that your business will send out. It’s the key to making sure you get paid at the right time, in the right way, and with the right amount. Because of this, it’s crucial to choose the right format for your business invoice. Here are the nine must …
9 Must-Haves of an Invoice to Help You Get Paid on Time Read More »
Debt recovery efforts will be improved significantly following announcement by Australia’s Finance Minister Mathias Cormann that the federal government will be using e-invoice and begin paying businesses late payment interest. The new rules took effect on 1 January 2020 starting with the Department of Finance and Services, with the rest of the federal government agencies …
E-Invoicing, Shortened Payment Time and Better Debt Recovery Efforts Read More »
Cash flow problems remain the number one cause why small companies are failing across Australia, according to a report by the Australian Securities and Investments Commission based on lodgments filed by external administrators.
A case identified the 14 indicators of insolvency. To run a business, you must contend with a lot of factors, some of which may be beyond your control (e.g. economic crisis). Success also does not come easy as it takes long hours of hard work to get even just one customer through your door. It …
14 Indicators of Insolvency: How to avoid financial collapse Read More »
A “purpose-led, people-focused” leader is what your company needs the most at these uncertain times, Matt Dale, principal of ICP Human Solutions, wrote in Balancing the Tightrope of Empathy & Performance. This Covid-19 pandemic has tested the world but more so the leaders and their brand of crisis leadership. “Anyone can lead when the plan is working. …
Leadership in Time of Crisis: Purpose-Led, People-Focused Read More »
A challenge facing most businesses is ensuring that their client invoices are paid on time. Prudent payment is important for preventing a company’s cashflow from being negatively impacted. Despite internal debt collection efforts, some clients may still refuse to pay their overdue invoices. When this happens, continuing to invest resources into internal debt collection may …
3 Reasons Why You Need to Engage Debt Recovery Lawyers Read More »
Debt collection in the construction industry is fraught with problems due to delayed payment terms. The extended payments, which, unfortunately, have become industry practice, negatively impacts the cash flow of players in the industry. To address this, Queensland passed the Building and Construction Industry Payments Act (BCIPA) in 2004. Late 2017, the Parliament amended the BCIPA …
Improving Debt Collection in the Construction Industry With New Law Read More »
