News | Business
17 Jul 2019 21:29
NZCity News
NZCity CalculatorReturn to NZCity

  • Start Page
  • Personalise
  • Sport
  • Weather
  • Finance
  • Shopping
  • Jobs
  • Horoscopes
  • Lotto Results
  • Photo Gallery
  • Site Gallery
  • TVNow
  • Dating
  • SearchNZ
  • NZSearch
  • Crime.co.nz
  • RugbyLeague
  • Make Home
  • About NZCity
  • Contact NZCity
  • Your Privacy
  • Advertising
  • Login
  • Join for Free

  •   Home > News > Business

    A call for big business to stop treating small business like a bank, by paying invoices late

    A call for big business to stop treating small business like a bank, by paying invoices late


    It comes from accounting software company Xero, which tracks payment times using data from its customers.

    The data shows small businesses are - on average - paid around nine days late - even on 90 day invoices.

    New Zealand Managing Director, Craig Hudson, says cashflow is the biggest killer of small business and the flow-on effect of late payment is far-reaching.

    He says we need to be able to put pressure on big business - and suggests a voluntary code such as that which exists in the UK and US, where big business undertakes to pay for services and products within a certain number of days.

    © 2019 Newstalk ZB, NZCity


     Other Business News
     17 Jul: The Government is encouraging furniture makers to stop using highly flammable foam
     17 Jul: The government's underwriting of Kiwibuild homes is likely to be embarassing -- but not illegal
     17 Jul: A limit on the number of cats per household is being considered in Lower Hutt
     16 Jul: The Warehouse Group is gearing up to launch an e-commerce business selling a range of Australasian brands next month
     16 Jul: Higher petrol and rent prices have driven up the Consumers Price Index
     16 Jul: Napier Port leaders hope there's interest locally in buying shares in the company
     16 Jul: A change is underway, for where and how Aucklanders live
     Top Stories

    RUGBY RUGBY
    Aaron Smith is welcoming Brad Weber's inclusion to the All Blacks for a very different reason More...


    BUSINESS BUSINESS
    The Government is encouraging furniture makers to stop using highly flammable foam More...



     Today's News

    Living & Travel:
    Matata locals are upset the Council has waited taken 14 years to reach a decision 21:17

    Entertainment:
    Shawn Mendes and Camila Cabello's relationship is very "natural" 21:09

    Entertainment:
    Whoopi Goldberg is unable to drive because her "sight is not good enough" 20:39

    Cricket:
    Cricket World Cup: England's Ben Stokes didn't want overthrows counted in win over New Zealand 20:17

    Entertainment:
    Nicky Hilton Rothschild was surprised that childbirth wasn't as "scary" as she thought it would be 20:09

    International:
    Phoebe Waller-Bridge the driving force behind Emmy-nominated Fleabag and Killing Eve 19:47

    Entertainment:
    Kylie Jenner and Travis Scott are "trying" for another baby 19:39

    Entertainment:
    Ariel Winter credits exercise for helping to improve her mental health 19:09

    Education:
    Overcrowding in school may be a factor in a student achieving NCEA 18:57

    Entertainment:
    Dwayne 'The Rock' Johnson says it's "the best thing" surrounded by so many "strong, badass women" 18:39


     News Search






    Power Search


    © 2019 New Zealand City Ltd