Category Archives: Accountant

Bad News for Big Firms – Late Payments On The Rise

Did you hear? Late payment times for New Zealand firms have headed up over the last two years reversing a long downward run. That’s slightly concerning isn’t it? Have you noticed an increase in late payers in your own firm? They’re a hassle aren’t they. illion’s analysis of Q1 2018 shows the average late payment…
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“Slow Me” the Money

In a recent article from New Zealand's Herald titled the ‘Worst months for small businesses’, some interesting 'late payment stats' arose from the release of Xero’s Small Business Insights Barometer across both New Zealand and Australia. The barometers aggregate data from hundreds of thousands of Xero subscribers in the small business category (across both countries). Xero’s Small…
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Cold showers and growth?

I’ve been hearing the “G” word tossed around a lot recently. G for Growth: Personal growth and business growth both get a lot of “lip time”. But here is the thing.  Words are nothing!  Actions are everything. Late last year I decided to start taking a cold shower in the morning. Easy to say –…
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One third of SME’s are suffering from Slow Payer Syndrome!

Imagine you didn’t get paid for a month or two for your work... Big businesses have used this tactic to keep cash in the bank – but how long do our corporates take to pay? This is what Rebecca Stevenson had to say in a recent article from the spinoff website. Source: https://thespinoff.co.nz/business/17-02-2018/pay-your-bills-the-spinoff-survey-of-corporate-payment-times/ According to…
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