An agreement between MYOB and fintech lender Butn will allow SME customers to access upfront payments on outstanding invoices.
Whether you’re a sole trader looking to improve your business finances or just starting out in small business, understanding cashflow statements should be top of your priorities list.
Cash flow is the most crucial element for any business. Of small businesses that fail, up to 90 percent of those failures are caused by a lack of cashflow.
Australian businesses entering administration dropped 60 percent last year. 2021 could therefore present more business challenges, particularly for SMEs.
More than most, small business owners are responsible for ‘knowing their numbers’. But what happens when financial literacy is variable across the board?
In small business you need to wear many hats, but trying to do it all is a recipe for disaster, not success. Hiring a bookkeeper is often the first step.
For many businesses, invoice payments are a source of ongoing cost and headache. In this article, Graham Bowers discusses ways to improve your situation.
Business in the trades and construction sector often have issues with cash flow, and fixing those issues means figuring out how to get paid faster.