Private education is a prestigious and well renowned institution of the Australian Education landscape. Parents have a sense of pride to know their children attend a private school. The sense of community and belonging is stronger. Unfortunately this form of education comes at a cost, and many parents are racking up unpaid debt for their …
We may not want to be reminded, but Christmas is just around the corner and we need to think about what this means for our cash flow. Whilst many SMEs will be at their busiest, the holiday period is also a time when cash flow can be at its tightest. It is worth doing some …
Debt Collection: Top 3 Tips 1. Know your customer Always ask new customers for a signed credit application, and ensure they have provided you with an ABN. Undertake a credit check and cross check the details to the credit application. You want to make sure you know who you are dealing with and avoid …
Every parent chooses the best education they can for their children, and if they choose to send their children to a private school or college, they will make a choice so the school fees are within their budget at the time they make their decision. It happens to all of us at some stage in …
Protecting Small Businesses from Unfair Contract Terms Are you a small business or is the party you trade with a small business; that is, an entity that employs fewer than 20 persons? If so, then you need to pay attention to the legal changes that will come into play on 12 November 2016. The changes …
Debt recovery: keep your cash flow healthy We’re nearing the end of the first quarter of this financial year, and many of our business customers may have recently reviewed their debt recovery processes and procedures, to ensure they maintain a healthy cash flow and minimise potential bad debts throughout this year. When your business is …
Debt collection tips for SMEs – position your business to get paid more quickly Whilst some business owners are reluctant to chase late payers for fear of losing their business relationships, it’s becoming increasingly important as we see evidence of larger businesses choosing to extend the time they take to pay their suppliers. The recovery …