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Small Business Government Assistance

Small Business Government Assistance Post-JobKeeper

On 28 March 2020, the Federal Government introduced the JobKeeper payment scheme in response to the COVID-19 pandemic. The program was a lifeline for many businesses and individuals affected by the economic impacts of lockdowns and decreased demand. Since then, other programs have been introduced. With JobKeeper coming to a close on 28 March, here’s an overview of where we’ve been and what lies ahead for small business government assistance, and a guide to which support is still available.
Man In Warehouse Organising Letter Of Credit

Letter of Credit: What Is It and How Does It Work?

A letter of credit is a way for banks or other financial institutions to guarantee payment and the delivery of goods. This form of payment can seem confusing if you’re not familiar with how it works. Let’s take a closer look to understand letters of credit and how they can facilitate transactions between buyers and sellers, particularly in international trade.
Collect Unpaid Invoices

How to Collect Unpaid Invoices

If late payment of invoices is common for your business, you are not alone. SME owners say that 60 per cent of their customers don’t pay by the due date. If this describes your businesses, here are some tips on how to collect overdue invoices from your customers.
Days Sales Outstanding

Days Sales Outstanding and How to Measure It

How do you measure the effectiveness of your accounts receivable management? Days sales outstanding (DSO) is a benchmark that shows you how long it takes customers to pay you after creating an invoice. Here we delve into the details of how to use this metric and what you can do to improve it.
Cost Of Goods Sold

Cost of Goods Sold and How to Calculate It

The cost of goods sold plays an important part in how your business is performing. Besides being used in calculating business profit, it can help you set prices for your products. Here we delve into the concept of cost of goods sold (COGS), how to calculate it and how to apply it.
Woman In Retail Shop Thinking About The Cash Conversion Cycle

Cash Conversion Cycle: What Is It and How Can You Improve It?

The cash conversion cycle is a way to measure the amount of time it takes a company to convert its cash on hand to additional cash. The process includes purchasing or creating inventory, selling it and eventually getting paid. Here we explore how to calculate the cash conversion cycle and how to improve it.

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