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by admin -One of the most difficult aspects of owning a business is managing finance admin, especially ATO Business Activity Statements (BAS) and their obligations. There are consequences if BAS is not submitted on time, and businesses may fall subject to interest penalties.
Factoring invoices can help businesses meet their obligations with the ATO and pay the next quarterly payment [due on 28-April] on time.
Key Factors can help businesses get
by admin -Factoring is a financial term that refers to a type of financial transaction where a business sells its invoices to a third party called a Factor at a discount for immediate cash. It is especially useful to ensure businesses have adequate immediate cash flow to meet their current obligations. You may now also hear it called invoice finance, invoice discounting, debt factoring, debtor finance, but the origins of factoring can be traced back
by admin -Cash flow management is critical for small and medium businesses. It’s the lifeblood of your company, it keeps business ticking over, and it needs to be managed carefully. Cash flow problems generally come down to one thing – cash coming in too slowly, and going out too quickly! Encouraging customers to pay quickly, while delaying outlays of cash, will provide a more constant cash flow. But as we know is not always that easy to achieve.
by admin -As technology evolve so does the world of finance. Financial Technology, also known as FinTech, relies on software to provide financial services. Factoring, one of the world’s oldest method of finance is also going online with lots of new FinTech factoring companies entering the market.
Businesses looking for ways to raise working capital can find it quite daunting navigating through this new market. By understanding the difference
by admin -Managing business growth can come with a lot of pressure. While a sudden growth spurt of your business is always a wonderful thing, it’s important to be prepared – especially when your business is experiencing unexpected growth. You’ll need to reshuffle a lot of things around to succeed, from people’s roles to potentially all of your processes.
Read on to find out the three areas you’ll need to assess in order to successfully ride the
by admin -When a business sells its accounts receivable – or invoices – to a third-party (a ‘factor’) it’s called ‘factoring’. The transaction results in immediate access to cash for the business from the factor, who then collects the payments owed to the business from their customers.
Factoring is an option that increases cash flow for businesses of all sizes and from all kinds of industries. Factoring is used to purchase inventory, new equipment,
by admin -Debt Factoring allows businesses access funds owed to them before it is paid by the debtor. It’s a way for businesses to access most of the money owed to them in their outstanding invoices and receive the rest when the customer pays.
How does debt factoring work?
Businesses that are in need of quick access to cash can sell their accounts receivables at a discounted rate for a fast injection of cash. Debt factoring allows businesses to
by admin -If you think getting funds within 24 hours of factoring your invoices is fast, think again. Key Factors is looking to introduce real-time payments to allow instant funds transfers.
As part of the New Payments Platform (NPP), instant or ‘real-time’ payments between some Australian bank accounts will be possible 24/7.
Why does transferring funds between different Banks take so long?
Currently, when we transfer factoring funds into your