Blog
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Latest Blog Posts
September 14 2023
The Alarming Rise of Late Payments for SMEs in Australia
Late payments can be a significant setback for many small and medium enterprises (SMEs). According to the latest research, these overdue payments have hit a two-year high in Australia, endangering numerous businesses, especially in areas of higher risk.
August 25 2023
Unlocking the Power of Settlement Discounts: Boost Cashflow and Customer Satisfaction
As the business landscape continues to evolve, one thing remains constant: the importance of efficient cashflow management.
August 17 2023
A Guide for Service Providers (Contractors, Consultants, and Freelancers)
In the world of business, maintaining a steady cash flow is paramount to success. For service providers such as contractors, consultants, and freelancers, the key to ensuring timely payments lies in the art of crafting a comprehensive invoice.
August 17 2023
Tailoring Payment Terms: How to Avoid Late Payments from Customers
In the world of business, managing cash flow is paramount to success. One of the most significant challenges that businesses face is ensuring timely payments from customers.
July 28 2023
Resolving Invoice Disputes: Essential Tips for SMEs to Streamline Cash Flow
In the dynamic world of business, small and medium-sized enterprises (SMEs) often face challenges when it comes to managing invoices and resolving disputes efficiently.
July 21 2023
Streamline Cashflow and Boost Your Business: Say Goodbye to Late Payments with bzTrack
Late payments can wreak havoc on the cashflow of small and medium-sized enterprises (SMEs), creating significant challenges and hindering business growth.
July 14 2023
Streamline Your Accounting Processes with bzTrack: A Must-Have Tool for Bookkeepers and Accountants
In the world of accounting and bookkeeping, efficiency and accuracy are paramount. Enter bzTrack, the one-stop-shop for invoice and cash-flow management here in Adelaide, Australia.
July 07 2023
Why Settlement Discounting Is Crucial for Cashflow Management in Australian SMEs
For small and medium-sized enterprises (SMEs) in Australia, managing cashflow effectively is vital for maintaining financial stability and fostering business growth, especially in the current economic climate.
June 22 2023
We’d love to receive your feedback!
Here at bzTrack, we’re continually refining the service and building out a roadmap that has users front and centre.
June 20 2023
Easy ways to improve your cashflow
Cashflow is one of the most important aspects of any business, as it determines the financial health and success of the organisation. Managing cashflow effectively is crucial for any business owner, and there are several tools available that can help in this regard.
May 31 2023
Get prepared early for the EOFY with these handy tips!
As we approach the end of the financial year in Australia, it’s important for small businesses to start thinking about their financial affairs.
May 25 2023
What do you need to start your own business?
Starting your own business can be an exciting and rewarding experience, but it can also be overwhelming and challenging.
May 11 2023
Good news for small business in this year’s budget.
The 2023–2024 Federal budget delivered good news for small businesses especially when it comes to ‘going green’ and adopting cyber security measures.
April 26 2023
Take a look at our glossary of terms!
We know that when it comes to finance, invoicing and accounting, there is a LOT of terminology that can be tricky to understand.
April 20 2023
Understanding accounting principles as a small business
As a small business owner, it’s important to have a good understanding of accounting principles in order to ensure that your business remains profitable and financially stable.
April 05 2023
Effectively Managing Your Debtors and Creditors
Cashflow is the lifeblood of any business, large or small. Achieving a healthy cashflow means having both debtors and creditors managed effectively.
March 16 2023
What do I need to put on an invoice?
When you provide a service to a customer, it is important that you have an accurate and detailed invoice in order to get paid.
March 06 2023
You still have time to get a tax deduction for digital invoicing!
In the 2022 budget, the Australian government announced several measures to support the adoption of e-invoicing.
February 22 2023
Optimise Your Business Cashflow with Digital Invoicing
Every business with customers, whether that’s a plumber, florist, caterer, sports club all have one thing in common and that is your business depends on its cash flow.
February 07 2023
The Benefits of Cashflow Management
Cashflow management is the practice of managing and tracking the financial inflows and outflows of a business. It involves planning, budgeting, forecasting, and analyzing to ensure that your business has sufficient cash resources to operate effectively.
January 25 2023
We’re thrilled to announce that we have appointed a new Chairperson of the Board at bzTrack, Russell Good.
January 18 2022
Use carrots and not sticks to get invoices paid!
It’s the start of a brand-new year, which means making New Year Resolutions.
With this in mind, take a look at a different way of invoicing this year.
December 02 2022
Get your invoices paid by Christmas!
The best gift you can give yourself this year is the gift of good cashflow. Christmas and especially year-end can be a good natural deadline for getting your customers to pay you.
September 16 2022
Celebrate Family Business Day with your story and win a $500 Visa voucher!
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
How businesses can avoid late payments By Ben Carrell
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
Late payments and lack of payment tools threaten Australian SMEs
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.
August 03 2022
What can you do to ensure you’re taking all the necessary steps to running a successful and pain-free business?
Independent businesses rely on a core, loyal group of returning customers to grow...
July 04 2022
Have a $50 voucher on us when you provide us with feedback! Find out more...
Are you spending hours every month chasing invoices or waiting days or even weeks for late payments?
June 06 2022
We're giving you the chance to win one of four $500 Visa vouchers when you complete your first 10 transactions on bzTrack.
Simply create a free account, add the details of companies you trade with and get sending invoices.
May 30 2022
5 tips to help improve your cashflow at the end of the financial year.
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
How invoice discounting can help your cash flow
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
We're thrilled to announce our new Product Manager at bzTrack - Ben Pyman.
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
How bzTrack can help your business
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
What this year's federal budget means for small businesses
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
5 steps to improve your business cash-flow
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.
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