E-Invoicing and Small Business Payment Terms

E-Invoicing becomes more relevant as the Federal Government and State Governments plan to create regulations to pay small business within shorter time frames. Federal Government is looking at paying small businesses within 20 days and the NSW Government is looking at within 5 days. Some State Governments are also looking at automatically paying late payment interest to any invoice they pay late. The new E-Invoice standard that is currently being finalised for Australia and New Zealand will help accelerate the approvals process and payment of invoices.

Watch out for more news on E-Invoicing.

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Inerva

Enabling Aged Care

Inerva Pty Ltd

29 Seaport Boulevard

Launceston

TAS  7250

Inerva Pty Ltd

2/104 Stuart Street

PO Box 1187

Mullumbimby

NSW  2482

Phone: 1800-INERVA

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