Want To Help Clients Improve Cashflow?
Advisory Services News - Issue 58
Good day!
Welcome to this update on ESS BIZTOOLS ADVISORY SERVICES NEWS.
Want to help clients improve cashflow?
Join our webinar: "Debtors System Vital For Effective Fiscal Management" – Wednesday, 2 October 2024 at 3.00pm AEST.
Debtors Management is an enormous problem for the majority of small/medium enterprise operators who have given credit to their customers.
The Small Business and Family Business Ombudsman recently indicated that the Australian debtors’ days outstanding is one of the highest in the world at 56.8 days.
The former Australian Prime Minister, Malcolm Turnbull had announced that the Australian government departments have been instructed to pay bills owing to SMEs within 20 calendar days of the date of the invoice.
This is great news for the small/medium enterprise community – especially for those SMEs who have dealings with federal government departments.
Hopefully big business will be able to follow this initiative of the government.
However one of the main problems is that many small/medium enterprises have not implemented appropriate debtors’ management systems nor do they regularly calculate their own “debtors’ days outstanding”.
ESS BIZTOOLS Debtors’ Management System has been designed to assist accountants/business advisors to advise your clients on the implementation of appropriate systems for the control of one of the biggest assets that most small/medium enterprises have – sundry debtors.
The Debtors Management System from ESS BIZTOOLS is perfect for Accountants, Bookkeepers and Business Advisors to help SMEs stay on top of their finances, reducing bad debts and improving overall cashflow. 💼💰
If you have any questions relative to the ‘Delivery of Advisory Services’ to SMEs, please do not hesitate to email .
If you would like a one-on-one complimentary review Zoom meeting with our Founder and Managing Director, Peter Towers please send us an email:
