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CreditorWatch Blog

Managing your money through managing your debtors

Cashflow

Turnbull Government paying 60% of its small business invoices within 20 days, report shows

Turnbull Government paying 60% of its small business invoices within 20 days, report shows

Federal Government agencies are paying 96% of their small business contractors within thirty days of receiving an invoice, according to a new report. Minister for Small Business, Michael McCormack said the latest Pay On-Time report also found agencies were paying 60% of invoices up to $1 million within 20 days, and that the overall results were a […]

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The Federal Government commits to paying small businesses ten days sooner by July 2019

The Federal Government commits to paying small businesses ten days sooner by July 2019

The Federal Government will begin paying small business suppliers ten calendar days sooner to improve their cashflow, it has been announced. Under the Government’s revised ‘pay on time’ policy, Small Business Minister Michael McCormack said federal agencies and entities will be required to pay invoices for contracts worth up to $1 million within 20 calendar […]

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Debt affects customer satisfaction

Debt affects customer satisfaction

It is not uncommon for early stage SME businesses to fall into marketing debt. This commonly occurs when the company, which relies on sales to stay afloat, underfunds its marketing campaign. As a result the health of the corporation starts to fail. The debt and marketing relationship During the initial stages of start-up, most businesses […]

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Why cash is king for small businesses

Why cash is king for small businesses

The strange thing is you can have a full order book and see that your business is really taking off, but if you don’t have a firm grip on the cash flow situation you could struggle to stay afloat and achieve long-term success. It is important to understand why cash flow matters so much to […]

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