CAAPS Makes Payment Times Reporting Easy
The Government has legislated mandatory reporting of timely payments to small businesses.
But when did your invoice arrive? With CAAPS you can accurately prove the Received Date.
CAAPS automates creation of the Small Business Identification report for you. The file generated by CAAPS will list all suppliers with a valid ABN, ready to upload to the SBI tool.
CAAPS will also generate the final report for you – formatted with all required information
With CAAPS you can be confident that your Mandatory Payment Time Reporting is both easy and accurate.
Robert Gottliebsen reported in the Australian Newspaper on the 23rd of January 2021:
“Meanwhile, large enterprises that do not comply with the new rules will not only have their image tarnished but in some cases, they will be fined, with pressure put on directors to pay the fines personally.”
Please read the full article here (from the Australian Newspaper).
If you would like to review more information about CAAPS (Complete Automated Accounts Payable Solution) functionality check out the Benefits page or if you have some questions about CAAPS and how it can benefit your business, please don’t hesitate to Contact Us at any time.
