CREDIT NEWS & VIEWS

Are unresolved A/R disputes taking a toll on your company’s bottom line?

Have you ever calculated your costs for resolving receivable disputes? If you have, you’ve probably discovered that the process is quite expensive. Here’s why. A misstep in any department involved in a sale can result in a discrepancy that delays payment and drives up costs. Disputes, discrepancies and exceptions are “nonstandard” transactions that require additional

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BICB welcomes ABN trading name extension

The government’s extension of deadline to remove trading names on the ABN Lookup has been welcomed by the industry but accountants and bookkeepers have been urged to advise clients to register a business name. The government has decided to extend the display of trading names on the ‘ABN Lookup’ from 1 November 2018 to 31

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Consolidated Outstanding 60/90 Day Debt Percentage

Our data shows that the Consolidated 60/90 debt percentage for the first four months of 2018 is slightly higher than the first six months of the 2017/2018 financial year. It will be interesting to see if this trend continues.   Consolidated DSO Result Days Sales Outstanding (DSO) represents the average number of days it takes

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Members Data Continues to Grow for NSW and Other Regions

Trading data for NSW provided by 158 members reached $942.10m in April 2018. Data for NSW has grown by 32% since July 2017. Total members debt value for April 2018 was $2.938b ($2,938, 375,784). With ‘Other Regions’ contributing $1.793b of this total.     Regions Report, April 2018 Data Region – Number of members providing

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Should you Sue or Just Cut Your Losses?

Nothing is quite as painful in construction business as realising that your payment claim is going to sit there, unpaid, unless you take action to collect. Let’s say you’ve tried all of the friendly ways of trying to get paid: you’ve sent letters, made calls, re-sent the payment claim, and delivered any supporting documents that

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