Tag: Trade credit accounts
Aussie businesses in for a cash-strapped 2011, says D&B
Australian firms took, on average, 51.2 days to settle accounts in Q4 – well above the standard 30 day payment term. Some industries were found to be tardier than others. The electric, gas and sanitary services sector took 60.8 days to settle its accounts in Q4 - more than twice the standard 30 days. The services sector was best in group, settling accounts in just 50.7 days. State by state, Western Australia was the quickest, on average, while the ACT was the slowest.
