SAME DAY SETTLEMENT ESSENTIAL FOR SMALL BUSINESS

SAME DAY SETTLEMENT ESSENTIAL FOR SMALL BUSINESS

SMALL businesses enjoying high trades on weekends and public holidays could be taking advantage of same day settlement.

Often, businesses don’t see their weekend takings arrive in their bank account until mid-week, causing interruptions to cash flow and reliance on short term loans.

With same day settlement businesses can get their card sales in their account on the same day, 365 days a year, including weekends and public holidays.

This enables a much smoother cash flow for paying wages and suppliers and for ensuring money is always available for direct deposit transactions.

Same day settlement also means any interest on sales revenue is earned from the day the sale is made. Early payment discounts can also be negotiated with suppliers because of the increase in cash flow.

 

Accounting is made easier when payments appear on the same day, saving time and stress for small business owners.

An ANZ Small Business Specialist can assist you with every aspect of your business finances, including managing your cash flow, applying for a business loan, consolidating your banking and streamlining your accounts. If you would like to find out how you can grow your business through finance please go to www.twobillion.anz.com to find out more.

This is a BNP Media content marketing initiative, sponsored by ANZ.Any advice does not take into account your personal needs and financial circumstances and you should consider whether it is appropriate for you.

ANZ recommends you read the Terms and Conditions and the Financial Services Guide (PDF 104kB) before acquiring the product.

Help us deliver quality journalism to you.
As a free and independent news site providing daily updates
during a period of unprecedented challenges for businesses everywhere
we call on your support

From pandemic side hustle to multi-million dollar business: Meet Ling Fung
Partner Content
Ask any parent, and they’ll tell you: preparing for a new baby is no easy task.&n...
Metro Baby
Advertisement

Related Stories

How Sourci made it: Meet the founders behind Australia’s new e-commerce wave

How Sourci made it: Meet the founders behind Australia’s new e-commerce wave

In just four short years the co-founders of product development con...

Competition watchdog sniffs at Cochlear-Oticon acquisition

Competition watchdog sniffs at Cochlear-Oticon acquisition

The management at Cochlear (ASX: COH) are hoping to add an extra 75...

Domino’s raising $165m to buy out German partner after settling deal for two new Asian territories

Domino’s raising $165m to buy out German partner after settling deal for two new Asian territories

A day after wrapping up two new Asian territories as part of the bi...

“The work is not over”: Criminal behind Medibank hack dumps more customer data on the dark web

“The work is not over”: Criminal behind Medibank hack dumps more customer data on the dark web

On the same day that Maurice Blackburn lodged a representative...