How to send invoices and get paid faster. Learn invoicing tips, payment terms, reminders and tools to improve cash flow.
How to send invoices and get paid faster
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Simon Jones
Content Writer
Simon is a finance and technology journalist who’s spent over 15 years writing for national newspapers, content marketing agencies and emerging fintechs. From copywriter to chief sub-editor, he’s managed every process of the content lifecycle. Simon is just as comfortable covering small-business wins as he is breaking down multinational mergers. Notable clients include CommBank, Optus, Westpac, Fujitsu and Kochie’s Business Builders. When he’s not glued to his laptop or interviewing entrepreneurs, you’ll find him exploring the intersection of AI and fintech.
Small Business Hub Articles
Invoice payment terms small businesses should know
Invoice payment terms explained for small businesses. Learn common terms, due dates, late fees and ways to improve cash flow.
Tax invoice vs invoice
Tax invoice vs invoice: Learn the key GST differences, ATO requirements and when Australian businesses must issue a tax invoice.
Sole Trader BAS Guide
With our BAS guide, learn everything you need to know about GST calculations, submission due dates, and how to avoid penalties as a sole trader.
Grants & Funding For Not For Profit Organisations
Grants and funding help not-for-profit organisations stay operational. Learn what you need and how to apply when creating an application for your NFP.
NDIS & Sole Trader Guide
Learn how to set up as a sole trader under the NDIS, including registration, ABN setup, and compliance tips
Sole Trader Invoicing Guide
Unsure how to send an invoice as a sole trader? With our guide, you’ll learn everything from basic invoice structure and GST to applying payment terms.
EBITDA vs Cash Flow: Key Differences, Formulas and Examples
Understand the difference between cash flow and EBITDA, why each matters, and how to use them to grow your small business.
Understanding the Difference Between Gross Revenue and Cash Flow
Understand the difference between cash flow and gross revenue, why each matters, and how to use them to grow your small business.
Understanding Sole Trader Tax Responsibilities
Learn the key tax obligations sole traders in Australia need to manage, including reporting, payments and compliance requirements.
Sole Trader and GST Guide For Beginners
Learn the basics of GST for sole traders, including registration, charging GST, and understanding reporting requirements.
Sole Trader ABN Registration Process
Starting a new business? Follow our step-by-step process on how to register your Australian Business Number (ABN) as a sole trader.
Guide to Understanding Cash Flow Types for Your Business
Understand the different types of cash flow, why each matters, and how to use them to grow your small business.
Cashflow vs Profit & Loss Statement: Understanding the key differences
Understand the difference between cash flow and profit and loss, why each matters, and how both impact your business’s finances.
Cash Flow vs Revenue: What’s the Difference?
Understand the difference between cash flow and revenue, why each matters, and how both impact your business’s financial performance and long‑term growth.
Understanding cash flow vs profit: what’s the difference?
Learn the difference between cash flow and profit and how to effectively manage both to strengthen your business’s financial health.
Understanding Activity Statements for Not-For-Profits
Activity statements are a key reporting requirement for many nonprofits with the ACNC and/or the ATO. Here’s what you need to know.
Understanding Gifts & Fundraising for Non-profit Organisations
Fundraising is critical to many nonprofit organisations, so here are some top tips for going about it.
Accounting Guide for Not-for-Profit Organisations
Accounting for not-for-profit organisations has unique compliance needs, so here’s how to stay on track.
Managing Hybrid Teams in Not For Profit Organisations
Managing hybrid teams is about balancing trust, connection, and productivity measures so your staff work at their best.
How To Calculate Gross Profit Margin
Learn how to calculate your gross profile margin so you can discover whether your offerings have the potential to generate sufficient revenue.
How to Recruit and Retain Volunteers Effectively
Nonprofit volunteers power a world of good, so here’s how to get people interested and engaged.
Applying for Deductible Gift Recipient (DGR) Status
A DGR status is a huge asset to many nonprofits in Australia, since it means people can claim donations on their income tax. Here are the rules and eligibility requirements.
NFPs Guide: Understanding Annual Information Statement (AIS)
Lodging an AIS is an important part the reporting obligations of many nonprofit organisations in Australia. Here’s what it means, and how to lodge it.
Understanding Financial Reports for Non-Profit Organisations
Financial reporting is not only compulsory, but a useful opportunity for NFPs to show the public, investors, donors, and more how they use their funds for public good.
Non-Profit Organisation Tax Benefits & Concessions Explained
Volunteer management is a crucial part of running a charity. Here’s how to do it effectively alongside your compliance tasks.
ACNC Registration
Not-for-profit organisations must register with the ACNC in Australia to prove they are for public benefit, not personal gain. Here’s how.
Volunteer Management & Compliance
Volunteer management is a crucial part of running a charity. Here’s how to do it effectively alongside your compliance tasks.
GST Concessions & BAS for NFPs
Here is what you need to know about claiming GST concessions as a not-for-profit organisation in Australia.
What is MFA
Your business accounts are no longer secure with just a password. So what is MFA, and what is it so important?
What Is Cyber Security
Small businesses are increasingly under threat some scams, so what is cyber security? A way to keep your customers safe.
OpEx
OpEx is the ongoing cost of running a small business. Read more for examples and what it means for your small businesses
Cloud Payroll Guide for Small Businesses
Cloud payroll has huge benefits for small businesses, from cost savings and data security to features that help you stay compliant with the ATO.
What is a Contractor?
Hiring a contractor can be a useful way to get specialist services without hiring an employee, but it’s important to stay compliant. Here are the details.
Business Bank Account
A business bank account helps you manage your funds. Let’s compare the top five business bank accounts. Read here for more!
Payroll Officer
A payroll officer is a vital part of many businesses, responsible for making sure every employee is paid correctly and on time. Read more.
Guide to Starting an Online Business in Australia
An online business can be a great way to start out. Here’s what you need to know to set up online. Read more!
Stamp Duty Calculator For Cars & Property In South Australia (SA)
Buying a property or vehicle in South Australia? Here is what you need to know about stamp duty in SA.
Property and Vehicle Stamp Duty Calculator WA
Buying a property or vehicle in Western Australia? Here is what you need to know about stamp duty in WA.
Queensland Stamp Duty Calculator
Stamp duty in Queensland can be a significant cost when buying a property or a vehicle for your small business. Read more.
Investment property tax deductions
If you’re planning on becoming a landlord, here are the investment property tax deductions to know. Read more.
Understanding Inheritance Tax in Australia
There is no official inheritance tax on assets in Australia, but you might still be on the hook for a few tax obligations. Read more here.
Understanding Import Tax In Australia
If your business needs to bring in goods from overseas, you’ll want to understand the different kinds of import tax in Australia.
Corporate Tax Rates In Australia
Australian company tax rates vary by business size. Here is what you need to know, and why a tax advisor can help.
Calculating Stamp Duty In Victoria (VIC) For Cars & Property
Buying a vehicle or property for your small business? Learn the stamp duty rates you will need to pay in Victoria.
Stamp duty on cars and vehicles in NSW
Buying a company car? Here is how much stamp duty in NSW can cost, depending on the vehicle.
Business Proposal
A good business proposal is an important part of pitching your ideas when seeking out funding or partners. Read on to find out more!
How to register a business name
Registering a business name in Australia is a crucial step for every start up. Here’s what you need to know.
Business Registration
Business registration is a critical step when starting out. Read on to find out the key details to help start your small business.
Franchisee: Definition, Examples and Benefits
Becoming a franchisee can be a great way to start a small business with some extra security. Read on to find out more.
Business Model: Definition and Key Components
A business model lays out the foundation for your business. So how do you create a solid game plan? Read more.
CapEX vs OpEx
Capital and operating expenses are two key metrics for tracking the health and growth of small businesses. Let’s break down capex vs opex.
Startup Business Loans
Got a fantastic business idea? Start-up business loans are one way to get the funds you need to lift off. Read on to find out more.
Small Business Loans: What You Need To Know
Whether you’re just starting up or need to manage your finances, a business loan is one way to get help. Here’s what you need to know.
Cost of Living (in Australia) Explained: What You Should Know
The cost of living is an important measure of Australian spending habits and quality of life. Here’s why it matters, and how to save.
What is career cushioning, and why is it important to be prepared?
Career cushioning gives you a plan B if your main job falls through, so here’s why it might be a good idea to start that side hustle.
Retained Earnings: A Guide To Growing Businesses
Retained earnings are a vital resource for small businesses managing their daily operations. Read further to find out why.
Receipt: Definition, example and format
A receipt is an essential proof of purchase — here is how one helps your small business. Read more for an example.
Petty cash management guide for small businesses
Learn how to manage petty cash for your small business, including tracking expenses, and maintaining proper records!
Cash Flow Statement: What Is It And Examples
Cash flow is essential to your business, but don’t confuse it with profit. Here’s the difference.
Understanding Withholding Tax For Small Business
Withholding tax from employee paychecks is standard practice in Australia, so here’s what small businesses need to know.
Online Tax Return Guide
Filing your tax return online with the ATO is pretty straightforward these days, but there are some key things you need to know first.
Product Liability Insurance Explained
If you make, sell, or supply manufactured goods in Australia, product liability insurance can act as a financial safety net. Here’s what it means.
What Is Professional Indemnity Insurance?
Professional indemnity insurance can be an essential financial safety net for small businesses that provide advice, like consultants. Here’s how it works.
Payroll Tax Victoria: Rates and Due Dates
Is your small business in Victoria? Here’s what you need to know about payroll tax rates and due dates.
Small Business Insurance Cost: All You Need To Know
Small business insurance costs can vary depending on your business and insurance provider. Here’s what you need to know.
Superannuation Guarantee (SG) Explained
As a small business owner, you must pay eligible employees super at a certain rate. Let’s unpack the Superannuation Guarantee.
Types of Business Insurance
There are a few key types of business insurance that small business owners need to know. Read more in our Small Business hub.
Public Liability Insurance Explained
Public liability insurance is an important financial safety net for many small business owners. Here’s how it could help you.
Guide To Small Business Income Tax Offset
The Small Business Income Tax Offset (SBITO) can be a useful way to boost your small business cashflow. Here’s how it works.
Understanding Tax Rates in Australia
Tax rates in Australia are progressive, meaning the more you earn, the more tax you’re liable to pay. Here’s what small businesses need to know.
Workforce Management (WFM) Guide for New Employers
Learn the best tips for workforce management for small businesses, here at Reckon’s Small Business Hub.
Overtime Pay & Rates Guide For Small Businesses
Overtime is when employees work more than their regular hours – here are the pay rates and rules you need to know.
Employer Super Contributions: Guide For Employers
Learn about super contributions, including requirements, rates, obligations and more for the 2026-2027 financial year in Australia.
Understanding payroll tax (rates and thresholds)
Payroll tax Australia: everything you need to know about payroll tax, rates, and thresholds.
What is the instant asset write-off?
What is an instant asset write off? How does it work for small businesses? Keep reading this guide to find all the information you are looking for!
Tax deduction for small businesses
Discover top small business tax deductions you can claim and maximise your tax return this EOFY!
How and when to lodge a small business tax return
How to lodge your small business tax return for each type of business structure, including key lodgement dates and tips for managing your tax obligations!
Queensland payroll tax: what you need to know
Get insights into payroll tax in Queensland, covering rates, thresholds, and compliance requirements.
Salary Sacrifice Explained
Salary sacrifice helps build financial discipline by automatically directing money toward long-term financial goals before it is received as take-home pay. As an employer, it's wise to understand as much as you can about payroll in Australia. Beyond compliance,...
NSW payroll tax explained (rates and due dates)
NSW payroll tax made simple. Understand how payroll tax works, the 2025–26 rate and threshold, and key return due dates for NSW businesses.
What is accounts receivable?
Learn the basics of accounts receivable in clear terms, including how it helps businesses track and manage money owed.
How to do payroll: step-by-step process for small businesses
For first-time employers, handling payroll for your employees may seem daunting. However, by breaking it down into five clear steps, the process becomes much more manageable and straightforward. Read our article for a step by step guide to managing payroll.
What is & how to calculate cost of goods sold (COGS)
Would you like to know what is the cost of goods sold and how to calculate it properly? Keep reading and learn about it and its components.
9 business ideas that actually work
All successful businesses begin as an idea. If you're excited about starting your own small business but not quite sure about which path to follow, you've come to the right place. We've put together our list of some of the most rewarding business ideas that...
How to get an ABN?
Getting an ABN made easy. Discover how to apply, what details you’ll need, and why an ABN is essential for running a business in Australia.
Types of business structures
The right business structure will factor into how much tax you pay, your personal liability, how your business grows and more. Choosing from the different business structures in Australia is one of the first decisions every small business owner has to make. What...
Business development plan
Developing your business strategy is a must. Whether you’re embarking on a new business venture, or ensuring your existing business maintains its edge, you should always have a strategy in the works.
What is inventory accounting?
Inventory accounting records, values and reports your company’s inventory. Learn how to track and manage your business’s inventory here.
STSL tax explained: payroll guide for employers
STSL tax explained for employers. Learn repayment thresholds, payroll withholding rules, STP reporting and ATO compliance tips.
Weekly, fortnightly and monthly tax tables
Tax tables will help determine exactly how much pay your employees receive as well as how much to withhold in tax etc. Whether you pay your employees employees weekly, fortnightly or monthly, the tax tables will help you determine how much to pay them.
Registering for GST
Registering for GST is mandatory for businesses earning income over a certain threshold. Learn what’s involved and the steps needed register and comply.