Tardy payers put squeeze on cash - The Age(Cash Pay)
BUSINESSES are taking longer to pay their bills, causing fears of cash-flow problems amid the gloomy economic climate, new data reveals. Businesses with limited working capital might be vulnerable if money owed to them took longer than anticipated, presenting small businesses with particular challenges, said Greg Charlwood from business finance provider Bibby Asia Pacific. The public sector continues to lag in its payment time frames, taking an average of 64. Data collated by D&B shows that in Australia 39% of bills are paid more than 30 days past agreed terms, typically one month, with only Bangladesh, Malaysia and India being more tardy. Find Out More
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