The Australian Bureau of Statistics’ latest publication shows that the country’s gross domestic product (GDP) rose by 0.4% in the September 2025 quarter. This is good news as it signals that the overall economic activity is expanding. However, when this output is adjusted for population growth, the GDP per capita…
Late payments create persistent pressure for small and mid-sized enterprises (SMEs). The challenge intensifies once debt late payment penalties are involved. Many businesses understand penalties exist to protect revenue, yet hesitation follows quickly. Fear of client backlash, concern over legal exposure, and uncertainty around enforcement cause many firms to…
Financial stability is shaped by the systems that sit behind everyday transactions. However, without structure, delays in collections can quietly undermine financial planning. In invoices, payment terms are the agreed-upon conditions specifying when and how a buyer must pay the seller for goods or services rendered. They provide structure by…
An invoice dispute is a recourse given to customers against billing errors. When they spot amount discrepancies or have concerns about not receiving the correct product, clients are granted the right to contact the business to address and resolve the issue. This right is grounded in the Australian Consumer Law…
A business can be doing everything right—great products, loyal customers, solid marketing—yet still feel cash-strapped. Often, the missing piece is not the revenue, but how payments are tracked and collected. Optimising the accounts receivable (A/R) process ensures money flows in as smoothly as it flows out. It might not be…
Businesses grow, workloads increase, and internal systems often absorb tasks that initially seem manageable. Collecting overdue payments often falls into that category. Many organisations start with internal handling because it appears convenient. However, in-house collections can create a hidden drain that chips away at staffing capacity, overall productivity, and financial…