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CreditorWatch Blog

Managing your money through managing your debtors

Editor’s Choice

Choosing the right equipment finance for your business

Choosing the right equipment finance for your business

Are you looking for the right deal on equipment finance? Equipment finance isn’t as straightforward as something is as car finance is. Equipment finance is tricky depending on what kind of equipment you’re looking to acquire. Cars generally depreciate over time at a uniform rate. Equipment such as computers can depreciate in seconds, when completely […]

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SMEs prospering with Prospa as more turn to alternative lenders

SMEs prospering with Prospa as more turn to alternative lenders

From and early age, Greg Moshal has always been involved in small business. With his beginnings in a family venture to owning his own, the struggles of obtaining finance to start and grow a business became an all too familiar story. Speaking of his own experience starting and running a business, Greg told CreditorWatch “I tried […]

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A leap of faith: One man’s journey into online retail

A leap of faith: One man’s journey into online retail

With exposure to a wider customer base, lower overheads, greater choice and more competitive prices, the benefits of online retailing are obvious. Online is the birth place for many emerging retailers while the bricks and mortar sector strive to ‘get with the game’. But it wasn’t always this clear. John Winning, CEO of Winning Group, tells […]

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400 businesses in Melbourne and Perth to be audited by FWO

400 businesses in Melbourne and Perth to be audited by FWO

250 businesses in Melbourne’s Dandenong region will be audited by the Fair Work Ombudsman as part of a new campaign to check that employers are paying the correct minimum hourly rates, penalty rates, allowances, loadings and providing appropriate meal breaks. Fair Work Ombudsman Natalie James says the Dandenong region is home to thousands of businesses […]

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Customer service vs. chasing payments: Getting the balance right

Customer service vs. chasing payments: Getting the balance right

Customer service vs. chasing payments – it can be tough to get the balance right between keeping a customer happy and getting your bills paid on time. There are few things tougher for an SME than trying to collect overdue invoices from clients while also keeping them on-side. To ensure this process is made as […]

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Can cloud accounting improve operational efficiencies?

Can cloud accounting improve operational efficiencies?

There are plenty of reasons to start your own business – being your own boss and master of your own destiny, following a passion and fulfilling a dream and vision are just a few of them. Whatever the dream, the reality of running a business is that it requires a lot of hard-work, sacrifice and […]

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Business chained to debt? These 5 steps will set you free?

Business chained to debt? These 5 steps will set you free?

Some of the leading causes of small businesses failures are unrealistic budget, unnecessary costs, overexpansion and ignoring debt payments. Though borrowing makes sense for start-ups, sometimes entrepreneurs are borrowing large amounts of money without sufficient capacity for returning it. Business debt is like a labyrinth, it’s easy to go in and difficult to go out. […]

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Accounting practices ‘warm’ to cloud solutions

Accounting practices ‘warm’ to cloud solutions

A survey involving more than 400 practices across Australia shows that accounting firms are embracing cloud technology for themselves and clients. According to The Cloud Readiness Survey from Digital First, 43 per cent of accounting practices are anticipating a shift to cloud software in the next 12 months. The survey revealed that accounting firms understood how cloud […]

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How you can save money on accounting software as your small business grows

How you can save money on accounting software as your small business grows

As your small business expands, you may want to look into new accounting software to keep up with the growing number of invoices, bank transactions and other everyday accounting tasks you are bound to face. But most accounting software in the market includes features you won’t need or ever use. As a small business, you […]

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Overseas economic woes cause drop in Australian consumer confidence

Overseas economic woes cause drop in Australian consumer confidence

Most of the upswing in consumer confidence that came as a result of the Government’s Budget has been reversed this week, according to the latest ANZ-Roy Morgan Consumer Confidence findings. Consumer confidence fell 4.6 per cent, dropping to 111.0. The economic outlook for the next year dropped by 8.2 per cent, while the economic outlook […]

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