Tagged With invoice

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One of the most persistent concerns that for small businesses is cash flow. It's no surprise given that Australian companies are ranked as the worst in the world when it comes to paying outstanding invoices, according to a recent report. In particular, big businesses drag their feet when it comes to paying small businesses. Now the Australian Small Business and Family Enterprise Ombudsman Kate Carnell has launched an inquiry into the matter and is looking at possibly bringing in some regulation that will punish larger organisations that are late in paying money owed to the smaller end of town.