Many subcontractors are facing financial difficulties lately due to builders going broke or just flat out refusing to pay. In the last 5 years, 20 builders have gone bust. This has affected hundreds of subbies and left them tens of millions of dollars out of pocket. Subcontractors are the ...
Do you want the government controlling your business dealings? Stemming from an 18-month investigation, the ACCC has now published their findings into quality & payment issues regarding grape and wine producers. Wine Making & Testing Methods There is a recommendation that all winem...
Collecting payment on a job/project you have worked on can be a difficult task at times. However, most of the time these delays happen because of simple misunderstandings and poor communication. A quick phone call can clear these things up. Although sometimes a phone call isn’t enough. H...
Dealing with late payments and unpaid invoices is one of the most common problems business owners face day-to-day. Late payments to small businesses negatively affect their operations. They have staff to pay, equipment costs to cover, and various other bills. If paid late, the demand for t...
“Cash is king” is an overused expression, but it is a saying that is true and vital to a small business’s survival. One of the main reasons why small businesses fail is due to the poor management of cash flow. So here we have listed 5 rules for you to follow. These rules will make [&...
Businesses are slowly getting better at paying on time, but sadly for wholesale distributors, this is far from the truth. Wholesalers are still suffering from the late-paying habits of their retail customers. According to Xero’s recent study, the retail sector remains the slowest payment...
Sending invoices to your customers is obviously a very important step in receiving payment. But you would be surprised to learn that many business owners have a poorly constructed invoicing system and mistakes are made constantly. These small invoicing mistakes can lead to larger probl...
No matter what trade you’re in, we all face a common issue… Not being paid on time. Or sometimes, not even getting paid at all! When you’re busy finishing up on a job and booking new ones, there is nothing worse than having to worry about chasing up customers for their late invoices ...
We all know that sales are what keeps us in business, but if we don’t receive the money we are owed, sales won’t achieve anything for us. According to ASIC statistics, having bad cash-flow is why most companies fail. To give you an precise figure, a survey undertaken by Xero sh...
