Author Archives: bcashflowpositive

Have you considered factor finance to get on top of BAS payments?

Apr 10 2018 in Invoice Factoring

As a business registered for GST, you will need to submit a business activity statement (BAS) to the Australian Tax Office every quarter.  The next BAS is due on 28-April-2018. When this time comes, many businesses can worry about whether they will have the finances to pay for their BAS. BAS includes GST, pay as you go (PAYG) instalments and other taxes, and if you don’t have the money put aside for BAS when the time comes, it can give you and your business a headache. This time can often put a strain on your business – but it doesn’t need to.  If you have a good factoring company behind you to provide your business with factor finance, you can take away a lot of the stress at BAS time.

How does factor finance work?

Factor finance allows a business to get a percentage of their sales invoices paid to them immediately, instead of waiting up to 90 days for their customers to pay. At BCashflow Positive getting paid for your invoices can be done in 3 simple steps:

  1. Invoice your customer for goods fully delivered and services fully completed, and send BCashflow Positive a copy.
  2. BCashflow Positive will verify the invoice with your customer before releasing up to 90% of the invoice value in as quick as 4 hours.
  3. The remaining 10% of the invoice value is transferred to you once your customer pays, less any accrued fees.

How much does factor finance cost?

The price of factor finance varies between different factoring companies. For us, we charge 1.8% for the first 30 days, and then 0.06% per day thereafter for up to 90 days. We are transparent about fees from the start.  Give our fee and funding calculator a go and see how much funding you can get and exactly how much it is going to cost.

Benefits of BCashflow Positive factor finance

Factor finance can have many benefits, mainly to get faster cash into your bank account. You can use the money to buy more products, expand your business, or to get on top of your BAS payments. Unlike with traditional bank finance, the approvals process for factor finance can be as quick as 24 hours, allowing you to capitalise on opportunities more quickly. Factor finance may also be a good option when you are unable to qualify for traditional bank finance due to a limited trading history, or lack of personal assets.  Factor finance focuses more on the strength and spread of your ledger as opposed to director’s asset backing or business assets. Funding is also more align with your business growth and the more sales you make the more cash you can get. Another one of the many benefits of factor finance is that it takes away the stress of having to chase your customers to pay their invoices on time – BCashflow Positive will follow up payments with your customers on your behalf as part of our service. This can drastically cut down on your administrative costs while also saving you and your business money.

Who does BCashflow Positive factor finance suit?

BCashflow Positive factor finance is great for SMEs with a high level of customers on accounts where payments of invoices can take as long as 90 days. Industries that widely use factor finance includes recruitment and labour hire, manufacturing and wholesale, IT and business services, earthmoving and mining, and transport and logistics. If you are looking for additional working capital to grow your business, or simply want to close the gap of slow payments so you can get on top of BAS commitments – give us a call on 1300 937 292.

Don’t use the equity in your home to keep your business open – Use debtor financing

Mar 18 2018 in Debtor Finance

Small businesses are being forced to take loans using the equity in their home in order to keep their business afloat. Loans taken out against property are used to pay wages, sustain cash flow and keep businesses operating.  But this can put a huge strain on the business owners and put them at serious risk of losing everything. When you take a loan out against your house then you risk losing your home if your business fails.

Equity drawings from residential properties for business purposes have increased by over 50% over the past 6 years.  This is putting properties in the firing line and business owners at risk of losing it all. Instead of using equity loans there is another option, debtor financing. Debtor financing can be used to improve your business cash flow without needing to draw equity from your home.

What is debtor financing?

Debtor financing uses the amount of money owed to a company as collateral.  It allows you to turn your accounts receivable into cash.  Effectively this form of finance allows you to access funds that are not yet available to you because they have not yet been paid. This is great for maintaining a constant cash flow as you can access this cash sooner, allowing you to repay it when your client pays.

Typically, you can get up to 90% of the invoice value within 24 hours, allowing you to overcome your cash flow problems quickly and easily.

How does debtor financing work? 

Debtor financing is a means of funding small and growing businesses that need working capital so that they can operate. It allows you to finance against slow paying invoices and help you to overcome cash flow problems by following 3 simple steps:

1) Invoice your clients for sales of goods or services and send BCashflow Positive a copy.

2) BCashflow Positive will verify with your client that the goods have been delivered, or services have been fully rendered, before releasing up to 90% of the invoice value.

3) The remaining 10% is provided to you once your client pays us, less any accrued fees.

How do I qualify for debtor financing?

Debtor financing is suitable for small to medium businesses with a high level of customers on accounts and has a monthly turnover of $100,000 to $3,000,000.

How much does debtor financing cost?

At BCashflow Positive we are transparent about fees so that you will know how much it is going to cost from the outset. Debtor financing costs will vary depending on the invoice amount and how long it will take for your client to pay the invoice. For example, on an invoice of  $100,000 which is paid 30 days after it was funded will incur a fee of 1.8%. Give our fee and funding calculator a go to work out how much funding you can get and how much it is going to cost.

What are the benefits of debtor financing?

Debtor financing allows you to solve your cash flow problems by releasing immediate cash from your receivables. These problems could otherwise lead to your business being unable to operate and this can ultimately cost you your business. Debtor financing does not require real estate collateral either, which means that you do not need to use the equity in your home to pay for your business operating costs.

Apply Now

Apply for debtor financing with BCashflow Positive is quick and simple. Our online application takes 3 minutes to complete and a response is provided within 24 to 48 hours. Unlike traditional business loans, or loans to draw equity from your home, which can take weeks to months to get a response.

Pros And Cons Of Factoring Finance

Feb 01 2018 in Invoice Factoring

Are you suffering from cash flow problems? Many successful businesses still face periods when their outgoings and income aren’t quite in sync. Over time, the imbalance usually sorts itself out, but on a week-by-week, month-by-month basis, a late invoice, unexpected bill or a need to buy additional materials can see your bank balance plummet.

If you’re worried about meeting day-to-day expenses such as wages, material purchases and vehicle overheads, factoring finance could be a solution. Providing you with an advance on invoices owed, factoring finance provides a rapid cash injection that can tide you over until your cash flow is on a more secure footing.

The advantages of factoring finance

For many businesses, factoring finance is ideal as a short-term borrowing measure. The process doesn’t require a complicated application process and isn’t dependent on standard indicators of business worth such as asset value. You keep control of which invoices you wish to factor and your relationship with your customers remains unaffected.

Quick to organise, your money can often be paid into your bank account within 24 hours – an excellent idea if you’ve got urgent expenses to meet which really can’t wait. The length of time you can borrow for varies from a few days to a few months. The shorter the borrowing period, the less interest you pay.

Factoring finance gives you flexibility – you can choose which invoices and clients you want to draw funds from. Another benefit is that the process has no effect on your customers – they pay in the same way and the only difference is that they pay us for your invoices rather than you.

If you are a business that tends to have a number of outstanding invoices at any one time, factoring finance could work really well for you.

Are there any problems with factoring finance?

If you haven’t used factoring before, it is wise to do your research to determine whether factoring finance is right for you.  There may be hidden costs and terms depending on which company you partner with.

How much does factoring finance cost?

BCashflow Positive is transparent about our fees so there are no surprises.  We charge 1.8% for the first 30 days and 0.06% daily thereafter for up to 90 days. To find out how much funding you can get and how much it is going to cost, give our pricing calculator a go now.

Who should you turn to for factoring finance?

BCashflow Positive has more than two decades of experience in providing clients with easy and fast access to the cash they need. We make the lending decisions, so there are no middlemen involved – you work directly with us.

Our aim is always to make business lending as accessible, straight-forward and fast as possible, offering transparent, cost-effective lending options to many different types of company. From mining to manufacturing, recruitment, services industries, hospitality concerns and more, if you need business cash quickly, factoring finance from BCashflow Positive could be what you’re looking for.

Call 1300 937 292 to speak to a factoring finance expert today.

 

What Is Invoice Finance?

Nov 29 2017 in Invoice Finance

Definition of invoice finance

Invoice finance allows you to unlock immediate cash from your sales invoices instead of waiting up to 90 days for your clients to pay. Similar to a line of credit secured by your accounts receivable, you can convert your invoices into cash in as quick as 24 hours.

How does invoice finance work with BCashflow Positive?

1. Invoice your clients for the sale of goods or services and send BCashflow Positive a copy.

2. BCashflow Positive will credit your account with up to 90% of the invoice value in as quick as 24 hours.

3. Receive the remaining 10% less any accrued fees, when your client pays us.

What are the benefits of invoice finance for my business?

• With invoice finance, you can unlock cash tied up in your unpaid invoices in as quick as 24 hours.

• Improve your business cash flow allowing you to accelerate growth.

• Cover the gap of slow payments – Don’t wait up to 90 days for payment.

• Funding can increase as your business grows – The more sales you make, the more cash you can get.

• There is no property security or quarterly audits required with BCashflow Positive invoice finance facility.

• Fast 48 hours approval with BCashflow Positive– Not weeks like the banks.

• Spend more time growing your business and leave the follow up of accounts to BCashflow Positive.

How much does invoice finance cost with BCashflow Positive?

At BCashflow Positive we are transparent about fees so there are no surprises.

We charge 1.8% for the first 30 days & 0.06% per day thereafter for up to 90 days.

As an example, if you invoice finance $100,000 in accounts receivable you can receive up to $180,000 in as quick as 24 hours. If the $100,000 were paid after 30 days, the total cost incurred would be $3,600 or 1.8%. Give our fee and funding calculator a go to see how much funding you can get and how much it is going to cost.

Why BCashflow Positive Invoice Finance?

Ready to unlock growth by unlocking cash from your sales invoice? Contact BCashflow Positive on 1300 937 292 today to find out more or apply online today by completing our 3 minutes pre-approval form and get a response within 48 hours.

As Australia’s leading invoice finance company with over 31 years experience, your business is in good hands.

Beware Of Flex Commission

Oct 25 2017 in Debtor Finance

When it comes to choosing a finance broker for your business, it’s important to consider what incentives they are getting as part of the transaction.  Good finance brokers are like trusted advisers to their clients, where they have taken the position of the traditional  bank managers of 20 years ago.  Some brokers might be swayed and not necessarily have their client’s best interest at heart, particularly where flex commission can be applied.

What is flex commission?

So, what is a flex commission system and why is it so important to be cautious of finance brokers who might be involved in one? In the most basic terms, a flex commission is where the amount of commission is dependent on the interest rate charged to the consumer. The higher the rate, the more brokers can make.

The new legislation from the Australian Securities and Investments Commission to be introduced in November 2018, prohibits lenders from entering into agreements where the benefits paid to a broker are determined by the interest rate, and the broker can set or influence the rate. The instrument will also place controls on fees charged by brokers, which are designed to stop brokers from increasing their fees and charges to make up for any loss resulting from the ban on flex commission. The ban will apply to all regulated credit contracts and consumer leases, excluding home loans.

Although there are new laws being introduced that aim to halt this practice, as things stand, flex commissioning is still a very real issue that needs to be considered carefully by you or your company before choosing a finance broker. 

Reliable debtor factoring company

Whilst we do pay brokers incentives here at BCashflow Positive, we certainly do not enter into any agreements where there is flex commission involved. We also don’t take brokers on fancy holidays to try and sweeten the deal. Our core focus is providing flexible and transparent debtor factoring to Australian businesses by unlocking cash from their sales invoices.

How does debtor factoring work?

BCashflow Positive’s debtor factoring facility can provide immediate working capital for your business by unlocking the cash tied up in your sales invoices. Getting your invoices paid within 24 hours is as easy as 1 2 3:

1. Invoice your clients for the sale of goods or services and send BCashflow Positive a copy.

2. BCashflow Positive will then transfer up to 90% of the invoice value to your nominated account within 24 hours.

3. The remaining 10% is credited to you once your client pays, less any accrued fees.

How much does debtor factoring cost?

We are transparent about fees from the start, so there are no surprises. We charge 1.8% for the first 30 days and 0.06% per day thereafter for up to 90 days.  Give our online fee and funding calculator a go now.

Who does debtor factoring suit?

Companies with a high level of customers on accounts with a monthly turnover of $100,000 will benefit from using a debtor factoring service. Rapidly growing companies or newly established companies can also benefit from using debtor factoring to convert their sales invoices into immediate working capital.

Don’t wait up to 90 days for your clients to pay, unlock growth by unlocking cash from your accounts receivable.

Call 1300 937 292 to speak to a debtor factoring expert today.

 

Nothing Costs Nothing

Oct 03 2017 in Invoice Factoring

If you’ve had your eye on the factoring industry, you might have noticed that there are now some companies out there claiming to offer free debtor insurance. Although on the surface, this might seem like the perfect solution for your cash flow problems, it’s worth remembering that there are some things that are just too good to be true. As Terry Benedict said in one of our favourite scenes in Ocean’s Twelve, “Nothing? Who do you think you are dealing with? Nothing costs nothing!”. In the world of finance, it is critical to read the fine print before diving in.

Read the fine print

It’s well worth educating yourself, then, on exactly what debtor insurance is and the advantages and disadvantages of debtor insurance. Debtor insurance is also known as credit risk insurance and is designed to protect businesses from the risk of late payment or non-payment from their customers.

Debtor insurance comes in different formats, but the common factor is that it covers risks which must be considered within the control of the buyer rather than the business. Examples of such risks might be buyer bankruptcy or inability to pay, pre-credit risk, customers refusing to pay up (protracted payment), or the buyer refusing or being unable to take delivery of the goods they have ordered. Whether your insurance policy covers some or all of these risks will depend on the specifications of your particular contract, so it’s important to read the policies of the company you choose very carefully.

Indeed, there are often crucial parts of the terms and conditions of any contract that will reveal definite disadvantages when it comes to choosing a particular debtor insurance product. Often, only certain types or groups of customers will be covered in regards to commercial risk factors. This means that businesses can end up losing out significantly, and find themselves in a situation where the insurance they have purchased doesn’t even cover the losses suffered. Examples of such accounts that might not be covered include foreign customers or those in complex financial situations.

There are also a variety of other complications that might come with debtor insurance including the requirement to provide detailed customer reports to meet specific conditions of the insurance company. This is before you consider unexpected legal costs that might suddenly materialise when it comes to making a claim.  So you might want to think twice about taking up factoring with a company that offers free debtor insurance, unless you know exactly what you are covered for and whether you will be out of pocket in the end.

Reliable factoring company with transparent fees

With BCashflow Positive, none of the complexity above will apply, as we don’t claim to offer free debtor insurance nor do we believe our clients need it. Our 27 years factoring experience will ensure your business is in good hands. We are also completely transparent in regard to fees, so there won’t be any nasty surprises later on. Give our pricing calculator a go to work out how much funding your business can get and how much it is going to cost up front.

How does a factoring company work?

Don’t wait up to 90 days for your customers to pay.  Partner up with a factoring company and improve your cash flow by converting your sales invoices into cash.  Getting paid within 24 hours is as easy as 1 2 3

  1. Invoice your client and send us a copy
  2. We advance you with up to 80% of the invoice value
  3. The remaining 20% is credited to you once your client pays us, less any accrued fees.

Partnering up with a factoring company today by calling 1300 937 292 now!

 

Image Source:“Ocean’s Eleven” Seen here from left, Andy Garcia (as Terry Benedict) and Matt Damon (as Linus Caldwell). Screen capture. Copyright © 2001 Warner Bros. Credit: © 2001 Warner Bros. / Courtesy: Pyxurz

 

Get On Top Of ATO Bills With Invoice Factoring

Sep 26 2017 in Invoice Factoring

One of the most challenging things about owning a small or medium business is finance administration. You’ve done the work, you’ve sent the invoice, but you then have to wait for the invoice to be paid. Many companies can only afford to take on more work, pay their employees, or get on top of their ATO bills when they have payments coming in.  And just when they think they are on top of it, their BAS is due again.

To overcome these challenges, many businesses are using invoice factoring. Invoice factoring allows Australian businesses to have a more constant cash flow by releasing the cash tied up in their sales invoices, in as quick as 24 hours.  It is also an excellent option for keeping ATO bills at bay.

How does invoice factoring work?

1) Invoice your clients for work fully completed or goods delivered
2) Send BCashflow Positive a copy
3) BCashflow Positive credits your account with up to 90% of the invoice value in as quick as 24 hours
4) Receive the remaining 10% when your customer pays us less any accrued fees

Below are the key reasons that every small and medium business should explore invoice factoring with BCashflow Positive.

1. Fast

Invoice factoring is fast. Instead of waiting up to 90 days to get paid by your clients, BCashflow Positive can fund your invoices in as quick as  24 hours.  Approval is provided within 48 hours, not weeks like the Banks. Our online pre-approval form only takes 3 minutes to complete.

2. Flexibility

You can pick and choose what invoices you want to release cash flow from. There is no property security or quarterly audits required.

3. Transparent fees

At BCashflow Positive we believe in transparency from the very start, so there are no surprises. Our fees are fully disclosed on our website. Give our calculator a try to work out how much funding you can get, and how much it is going to cost.

4. Improve working capital

By factoring your invoices you can boost your working capital and improve your cash flow, allowing you to take on more business, meet your operating expenses and keep the taxman at bay.  BCashflow Positive can take the stress out of BAS payments by crediting your account with up to 90% of the invoice value, allowing you to get on top of your ATO bills.

5. Cover the gap of slow payments and grow your business

Reduce the pressure of performing work and having to wait for your clients to pay before starting another contract.  By factoring your invoices with BCashflow Positive you can take on more jobs and grow your business.

Pay your ATO bills today

BCashflow Positive has been providing cash flow solutions to Australian businesses for 27 years, and pride in our ability to deliver fast payments so you can meet your operating expenses and ATO obligations.  Call 1300 937 292 and we’ll be happy to help.

 

Is Cash Flow Finance A Good Form Of Business Funding?

Aug 31 2017 in Business Cash Flow

In an ideal world, customers would pay their bills the day that they were invoiced! There would never be disputes over payment and businesses would never have to wait months to be paid. Unfortunately, in the real world, problems over payment are a fact of life for many companies.

Whether clients are late in paying or it’s simply the case that a few larger projects are in the process of completion and it’s not yet time to invoice.  There are many different circumstances when the cash needed to pay staff, purchase materials, or just to keep the power on, isn’t readily available. When there are issues with cash flow, a significant number of businesses turn to cash flow finance.

What is cash flow finance?

Cash flow finance is a fairly straightforward concept. A third party (such as us here at BCashflow Positive) advance you with up to 90% of the invoice value and deposit the cash into your bank account in as quick as 24 hours. BCashflow Positive then collect payment of that invoice on your behalf and credit the remainder 10% less any accrued fees when your client pays us.

With BCashflow Positive’s cash flow finance, you can choose which invoices you require funding for and know exactly how much it is going to cost. We are fully transparent about fees so there are no surprises. Give our pricing calculator a try now.

Why opt for cash flow finance?

The main advantage of cash flow finance is that it can be quickly arranged – a great solution if your financial situation has changed rapidly  (for example, if a large invoice that’s due hasn’t been paid, or a job requires an unexpectedly large purchase of materials), compromising your cash flow.

You retain control over which invoices you hand over with BCashflow Positive cash flow finance, and is not in danger of over gearing as funding is based on a percentage of the invoice value.  You are simply realizing an asset and bringing it forward.

Cash flow finance can often be the quickest financing option

When it comes to business success, your team and your reputation also play an important role. If your cash flow problems mean you may not be able to pay your staff on time or are going to default on bills, cash flow finance could be a timely solution.

BCashflow Positive cash flow finance online application takes 3 minutes to complete and a response is provided within 24 to 48 hours of receiving your application. Once your account is set up, you can get up to 90% of the invoice value deposited into your account as quick as 24 hours.

To find out more about the benefits of cash flow finance, call 1300 937 292 and we’ll be happy to help.

4 Major Advantages Of Cashflow Finance

Jun 29 2017 in Business Cash Flow

Cashflow finance is a form of financing backed by a company’s receivables. How this works is that, once you have delivered your goods or services to your clients, you can forward a copy of the invoice to your financier and they will make funds available before your customer has paid.

Understanding cashflow finance

Cashflow Finance works by turning invoices into immediate working capital. This then provides your company with up to 90% of the invoices face value in as quick as 24 hours. The remaining balance less any accrued charges is made available once the customer has paid the invoice.

4 major advantages of cashflow finance

The first major advantage of cashflow finance is that it may eliminate any cash flow problems arising by giving you cash on hand to pay for your expenses. This can benefit new or growing companies in particular as the early growth phase of a business is one of the most challenging times for a company. As your sales grow, you can be confident that your Cashflow will follow at a similar pace. The additional cash flow can be used to purchase more stock, hiring more staff, or advertising your business.

The second advantage of cashflow finance is it can cover the gap of slow payments. For instance, if you received an order for $20,000 but you have to pay your suppliers $10,000 within 30 days, and your customers won’t pay you until 60 days. Cash flow finance will allow you to release immediate cash from existing sales invoices to cover the 30 days gap.

The third advantage of cashflow finance is it also allows you to avoid any production interruptions. For instance, if your business is profitable on paper, that will not necessarily keep your employees working or your suppliers sending you materials if you are unable to pay them on time. Having an adequate cash reserve will help you meet ongoing expenses.

The fourth advantage of cashflow finance is as your business grows your facility can grow at the same pace. So the more sales you make, the more cash you can get.

How does cashflow finance work?

1. Invoice your client and send us a copy

2. We advance you with up to 90% of the invoice value

3. The remaining 10% is credited to you once your client pays us.

To find out more call 1300 937 292 or fill out our quick contact form and a cash flow expert will be in touch shortly.

5 Ways To Avoid Cash Flow Problems In Your Business

Jun 29 2017 in Business Cash Flow

Until you can generate sufficient cash reserves to allow you some breathing room when it comes to expenses, cash flow finance should be at the front of every business owner’s mind. These simple and practical tips can help you avoid being short on cash, even though a big cheque is on its way to you.

Create a cash flow forecast

A cash flow forecast is a prediction of all the income and expenses for your business. Forecasts can cover a few months to a few years, and you’ll be able to put one together with the help of an accountant.

These forecasts can be used to identify when your business will run at a cash flow deficit or surplus, as well as how your predictions and budgets line up with actual income and expenses. If your bank statement doesn’t meet your predictions, use the following tips to address any issues and improve your business’s cash flow.

Limit bad debts

If your client can’t pay an invoice or outstanding account, you may be in cash flow trouble. To limit losses, try introducing a maximum on store credit accounts, or consider conducting a credit check on prospective customers.

At BCashflow Positive, we provide credit checks on prospective customers to our clients free of charge. If one of your clients is regularly late to pay invoices, politely ask for at least partial payment upfront and reconsidering whether to continue to trade with them.

Buy stock often and in smaller quantities. Rather than buying all of your supplies in bulk, consider buying smaller quantities more frequently. While not netting you the same ‘in bulk’ savings, this can help your cash flow by spreading your expenses out more regularly.

Reassess your expenses

If your cash flow forecast brought your attention to excessive expenses, be sure to investigate these to see how you can save. When it comes to bills and utilities, paying in monthly installments rather than quarterly or annually can help you avoid large outgoings.

If your energy bills are higher than you expected, look at installing energy efficient appliances or looking for an energy plan with better rates or discounts to help you save money. Finally, always shop around to see if another supplier can cut you a better deal on a product you buy regularly.

Consider Cashflow Finance

If you’re planning on expanding your business, or need working capital so you can fill a big contract or order, consider services like Cashflow Finance. Cash flow financing allows companies to finance slow-paying accounts receivable, by passing on outstanding sales invoices to a cash flow finance company ( such as BCashflow Positive) for immediate payment. You can get up to 90% advance on the face value of your invoices in as quick as 24 hours.

Call us now on 1300 937 292 to find out how, or fill out our quick contact form and a cash flow expert will be in touch shortly.

Invoice Factoring – A Flexible Funding Alternative

Apr 24 2017 in Invoice Factoring

Is your business struggling due to cash flow issues? Look to invoice factoring as a way to instantly improve your cash flow.

What is invoice factoring?

Invoice factoring can immediately inject cash into your business by advancing funds against your accounts receivable. It is the perfect solution for any cash flow shortfall your business might have, as it allows you to pay your bills by releasing cash from your sale invoices instead of waiting for your clients to pay.

How invoice factoring works at BCashflow Positive

Rather than waiting up to 90 days for your clients to pay, with BCashflow Positive’s invoice factoring you can be paid within 24 hours. It is as easy as 1 2 3:

  1. Invoice your clients and send BCashflow Positive a copy.
  2. We will advance you with up to 80% of the invoice value in as quick as 24 hours.
  3. You will receive the remaining 20% less any accrued charges once your client pays.

Invoice factoring can cover the gap of slow payments

Sometimes, if you have done the work for a customer – which might have left you with out of pocket expenses to pay such as wages and materials – it can be quite stressful having to wait up to 3 months for payments. This is where factoring invoices can cover the gap and you can get paid in as quick as 24 hours.

Why BCashflow Positive?

We are an invoice factoring company that pride ourselves on providing fast and flexible financial solutions.  Our online application takes 3 minutes to complete and we provide a fast response within 48 hours of receiving your application. We don’t require property security or quarterly audits and you can choose what invoices need funding. We are also transparent about fees, so you will know how much to pay up front. Give our online calculator a try now.

If you can’t afford to wait 90 days for your invoices to be paid, you can boost your cash flow now with help from us at BCashflow Positive. With over 31 years experience your business is in safe hands.

Click here to learn more, or call 1300 937 292 to speak to a cash flow expert today.

Keep The Tax Man At Bay

Mar 28 2017 in Business Cash Flow

Keeping on top of lodging and paying your BAS on time can be challenging for most companies. Even if your business has all of its finances in order, it is still often a mad rush to get your tax information in on time and your tax bills paid. Often, these tax bills can strike us when we’re not ready for them, putting stress on your business’ cash flow.

If you are struggling to meet your tax bills don’t despair BCashflow Positive can help.  As a leading invoice finance company with 27 years experience, we can help you stay on top of your ATO obligations by unlocking immediate cash from your unpaid invoices.

How accounts receivable factoring can free up cash flow

Sometimes your clients can take up to 3 months to pay their invoices, and this can feel like forever if your business has bills to pay and salaries to meet. The financial strain can be more stressful particular around tax time.  Accounts receivable factoring gives your business the option to get an advance based on what your customers owe you. In other words, your business can seek finance based on your accounts receivable.  Accounts receivable factoring can release immediate cash flow from your unpaid invoices, allowing you to pay your tax bills on time, reinvest into the business, pay for goods or services or pay wages on time.

How accounts receivable factoring works

You invoice your clients for goods or services and simply senBCashflow Positive a copy. We advance you with up to 80% of the invoice face value in as quick as 24 hours.  Then we work with you to help follow up on payment and pass on the remaining 20% less any accrued fees when your client pays us.  The beauty of accounts receivable factoring is that it can cover the gap of slow payments and provide you with immediate cash flow. This will stop you having to juggle bills and other business expenses with limited cash flow.

Accounts receivable factoring at tax time

As a business owner, you know that it isn’t always smooth sailing. You can have a lot of work on at one time, followed by a work drought with no money coming in, and these ups and downs can put a heavy strain on the running of your business.  When your tax bill arrives, you want to ensure you have the money to pay it without the hassle. And by contacting us at BCashflow Positive ahead of tax time, and talking to us about our accounts receivable factoring service, you can put the wheels into motion for a stress-free tax period.