Half of Australian businesses in the red

Only half of Australian businesses have a positive cash flow, according to new research from Xero

According to Xero’s inaugural Small Business Insights report, only 50.7 per cent of businesses had positive cash flow as of June 2017.

That means about half were in the red.

June is typically a bad month for cash flow ahead of the new financial year. Small businesses usually find payments coming in soar in July.

Xero’s report, conducted with KPMG Enterprise, found that late payments were crimping working capital ahead of the financial year-end.

Business First is a peer-to-peer magazine: written by CEOs and other high level executives, with interviews with some of the country’s best leaders.

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