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Latest Blog Posts
September 16 2022
Monday 19th September is National Family Business Day– a day designed to recognise the invaluable contribution family businesses make the to the Australian economy, community and culture.
September 14 2022
It’s been a volatile few years for Australian businesses, with the massive impacts of the COVID-19 pandemic and associated problems such as global supply chain disruptions and labour shortages. Now rising inflation and interest rates are putting further pressure on businesses.
August 26 2022
We recently studied 250 Australian SMEs and the results show that the average business spends over a day every month processing invoices — which doesn't include the time spent chasing late payers.
July 04 2022
Are you spending hours every month chasing invoices or waiting days or even weeks for late payments?
May 30 2022
We're approaching the time of year that many small to medium businesses dread — end of the financial year! But don’t fret, here are five simple things you can do to help smooth the process
May 10 2022
According to statistics published in 2019 by the Small Business Administration (SBA), approximately twenty percent of business start-ups fail within the first year of operation. The Australian Securities and Investment Commission states poor cash flow as a reason 40% of businesses collapse.
April 27 2022
Having a long history in user-centred technology, Ben is excited to join bzTrack right at the time our platform has begun making a difference in the lives and livelihoods of our users, and he’s keen to play a key role in guiding its evolution.
April 15 2022
A survey by Xero in late 2021 showed that 63% of Small to medium enterprises (SMEs), are paid late with the average payment terms sitting at 37 days. Anything over 30 days is detrimental to small business efficiency and cash flow. Many SA businesses just accept late payment but it doesn’t need to be that way.
March 30 2022
Last week, Treasurer Josh Frydenberg gave hope to small businesses across Australia stating: "small and medium businesses are the backbone of our economy, employing millions of Australians".
March 18 2022
Cash-flow is the lifeblood of every business. If you don't have money coming in from your customers you won't have money to pay the bills, so you can't keep trading. It's a basic concept that we tend to follow in our own lives, but when it comes to running our business, we do what we can to "get customers" and often leave the flow of money to look out for itself.