Small businesses comprise three-quarters of Australia’s recent corporate insolvency cases. These enterprises also represent the largest group of debtors. Even when early warning signs are present, insolvency can disrupt even the most stable accounts receivable processes. In these situations, businesses then face the urgent questions about whether payment is still…
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…
