The number of firms paying bills over three months late jumps 20 percent

According to the latest Dun & Bradstreet Australia Trade Payment Analysis, which examines business to business payment terms for the June quarter 2011, Australian businesses are taking almost a full month longer than average to pay their bills, with national payment terms reaching 53.4 days during the June quarter 2011. While business to business payment times improved marginally during the June quarter, two-thirds of businesses took longer than the standard 30 day period to pay company accounts.

To read the full story click on the link: 2011 – July – Two-thirds of businesses fail to pay bills on time