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CreditorWatch Blog

Managing your money through managing your debtors

B2B transactions in Australia’s small business ecosystem worth $204 billion, report suggests

B2B transactions in Australia’s small business ecosystem worth $204 billion, report suggests

New research suggests transactions between small businesses in Australia are worth $204 billion per year.  Commissioned by American Express in support of Shop Small Month, which ends 30 November, The Economy of Shopping Small: Custom Counts report reveals small businesses in Australia source goods and services from 4.4 other small suppliers each month, with an average monthly spend of $8,600 or […]

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B2B transactions in Australia’s small business ecosystem worth $204 billion, report suggests

B2B transactions in Australia’s small business ecosystem worth $204 billion, report suggests

New research suggests transactions between small businesses in Australia are worth $204 billion per year.  Commissioned by American Express in support of Shop Small Month, which ends 30 November, The Economy of Shopping Small: Custom Counts report reveals small businesses in Australia source goods and services from 4.4 other small suppliers each month, with an average monthly spend of $8,600 or […]

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The SuperStream deadline (28 Oct) won’t be pushed back again, small businesses warned

The SuperStream deadline (28 Oct) won’t be pushed back again, small businesses warned

Businesses with 19 or fewer employees have less than two weeks to transition to SuperStream – the new, mandatory electronic standard for paying superannuation contributions.    “The Australian Taxation Office (ATO) is pleased that more than 75 per cent of small businesses are already SuperStream compliant however, there is still a way to go to ensure […]

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SuperStream extension for small businesses

SuperStream extension for small businesses

More than 450,000 small businesses have become SuperStream compliant ahead of the 30 June deadline. If your businesses will struggle to adopt the new payment standard in time, don’t worry: the ATO has announced it is extending the deadline by four months.  Deputy Commissioner James O’Halloran said small businesses that need extra time to become SuperStream compliant will […]

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A story rarely told: Some start-ups refute alarming failure statistics and exceed expectations

A story rarely told: Some start-ups refute alarming failure statistics and exceed expectations

Small business failure rates are alarming – or so we are told. Along every avenue of research an enthusiastic entrepreneur will take, their spark, at some point, will be doused by bold assertions: “8 Out of 10 entrepreneurs who start businesses fail within the first 18 months” (www.forbes.com). For anyone in the throes of a new business […]

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The best internal collection practices for your small business

The best internal collection practices for your small business

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 […]

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The Founder doing big business by selling simplicity secures $15 million funding

The Founder doing big business by selling simplicity secures $15 million funding

Since launching in regional NSW in 2002, the Australian fintech start-up, invoice2go, has gone from strength to strength. Now, the App store’s number one invoicing app which creates more than 1 million invoices each month has received another boost to its confidence with a further $15 million in series C funding from investors. CreditorWatch spoke to Invoice2go Founder, Chris […]

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Managing your business journey from a startup to an established company

Managing your business journey from a startup to an established company

Creating a business is an incredible journey made up of both success and failures, and entrepreneurs who are fortunate enough to watch their venture grow from a simple idea to an established company will understand that it involves constant change and management – From experience, here’s some advice in managing these changes. Expanding and thriving […]

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