Aged receivables are outstanding invoices that have remained unpaid beyond their original due date. These unpaid balances are typically grouped in aging brackets—30, 60, 90, or 120+ days past due—presented in an A/R aging report. While some level of aging is inevitable in any credit-based transaction, excessive aged receivables growth…
For small and medium-sized enterprises (SMEs), cash flow is not just a financial metric; it is the very foundation of daily operations, growth, and long-term sustainability. Yet, overdue invoices have become a critical disruptor to cash flow, posing significant challenges across nearly every business sector. Late payments are a chronic…
Late payments continue to disrupt operations for over 80% of businesses. They restrict access to working capital, delay expansion plans, and increase administrative workloads. For companies that rely on regular receivables to fund daily operations, unpaid invoices pose a serious challenge to financial stability. Implementing clear and enforceable business policies…
For any Australian business, maintaining strong business health is paramount. While profit and loss statements provide an overview of your overall profitability, and balance sheets reveal your assets and liabilities, these documents do not always capture the full picture of your business’s immediate cash flow and financial stability. The accounts…
Third-party liability insurance plays a critical role in protecting individuals and businesses from having to pay out of pocket when they’re legally responsible for causing harm or damage to others. In the event of an accident, the third party’s insurer is expected to cover the costs. But in many cases,…