Should you write off your bad debts at the end of financial year or keep chasing the non-compliant debtor for payment? Natalie Ledlin from Ledlin Lawyers offers five facts to help you decide.
Is it possible to prevent bad business debt? And what are the best debtor management strategies for your small business? Get the answers to these questions and learn how DebtorLogic can help maintain your business' financial health with this blog post.
Here’s a Fun Fact Who would have thought that a line marked around the hull of merchant ships could be such a lifesaver? In the late 19th century, Samuel Plimsoll, a merchant and shipping reformer, became increasingly concerned about the loss of life caused by the overloading of ships. He devised the Plimsoll line, a […]
Recently, CreditorWatch caught up with Noel Tiufino (Managing Director) and Raj Saini (Partner) from MyAccounts and Angus Capel (Small Business Advocate) from Xero to have a discussion about late payments and what small businesses can do about them. Our chat was so insightful that we are bringing you the results with a two-part series. In […]
Would you like to know when a customer has a significant tax debt with the ATO? A government proposal to allow the ATO to share information about business tax debt to credit bureaus like CreditorWatch was re-introduced to parliament this week. The legislation would improve the ATO’s ability to address the $10 billion small business […]
Has your ex (Customer) got you in “the Funk”? – A light-hearted guide to recovering from debtor breakup
What do you do when a customer lets you down? In our last article, we explored what happens when you have the “Feels” for a Customer and how to avoid debtor heartbreak (check it out here). The “Funk” is that ensuing feeling you get when you realise the Customer you have supported, fought for, gone […]
Don't let a debtor break your heart. In this guest post from Ledlin Lawyers, you'll learn the five signs that will help you stay ahead of bad debt and ensure you get paid.
In a perfect world, suppliers would prefer to be paid cash up front. However, in reality, the world works on credit. Trade credit is inevitable and so is the debt that comes with it. For most businesses, trade credit is essential for growth as businesses don’t have to pay suppliers on the spot but rather […]