Late payments causing more than a headache for SMEs
"It’s unfair that many small-business owners are being subjected to late payments on top of the day-to-day challenges of running their own business. The financial health of Australia’s small-business owners should be a top priority and the research indicates this also has a direct impact to their own personal wellbeing."
New research from MYOB has found a majority of Australian small-business operators experience both business impacts and personal challenges due to late payments. The latest SME Snapshot from cloud accounting provider, MYOB, revealed 77% of businesses had felt some sort of business impact due to a customer not paying their bills on time, while only 23% saw no impact at all.
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