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Slater Byrne Recoveries

The Financial Health Checklist for Every Small Business Owner

Making a financial health checklist to know the status of your business will allow you to make informed financial decisions so you can better allocate resources for your business to operate with a positive cash flow. Regularly evaluating the financial health of your company is one of the best business …

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The Importance of Obtaining an ACN/ABN from Your Clients

How to better collect debts? Get your customers’ ABN and ACN

Debt collection is an important part of any business. When your debt collection process is in disarray, your data is all over the place possibly resulting in erroneous invoices and delayed payments. An effective debt collection process starts with a highly organized system where all information relating to your customers …

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Statutory Demands in Australia

Statutory Demands in Australia – When and How to Issue

A Statutory Demand is one of the most effective and efficient ways to recover a bad debt; however, not many utilize it or understand how and when to use it. At Slater Byrne Recoveries, we try to make the Statutory Demand process simple for our clients, so they can understand …

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Improving Debt Collection in the Construction Industry With BIF Act 2017

Improving Debt Collection in the Construction Industry With BIF Act 2017

Debt collection in the construction industry is full of problems because of delayed payment terms. In turn, extended payments negatively affected the cash flow of players in the industry. For those involved in the construction industry, receiving payment on time can be described as difficult at best. Often, invoices are …

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How to Create Effective Demand Letter to Collect on Past Due Invoices

How to Create Effective Demand Letter to Collect on Past Due Invoices

Debt recovery is a multi-stage process that involves subtle to more forceful actions. A letter of demand is an act of last resort in the debt recovery process. It becomes necessary when your repeated attempts to recover unpaid debts have failed. You use a letter of demand only when you have exhausted …

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