Reading Time: 7 minutes 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 […]
Reading Time: 2 minutes CreditorWatch has made changes to its Credit Enquiries widget which have made it more accurate and provides businesses with further information. The most notable change to the widget is that the calculations have changed. Instead of viewing the number of credit enquiries in all time, they are now calculated over a 5-year period. The […]
Reading Time: 2 minutes 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 […]
Reading Time: 2 minutes This article will focus on the best internal collection practices for your small business. This article assumes your business already has a credit policy in place and a collection policy in place. Also keep in mind that this article is focused on commercial as opposed to consumer collection matters although there are similarities between the […]
Reading Time: 2 minutes Attorney General George Brandis requests the current five-day grace period for late payments recorded on a consumer’s credit report is extended to 14 days