In the dynamic landscape of wholesale business, managing credit risks effectively is paramount for sustainable growth and financial stability. Establishing a solid Wholesale Credit Policy is the foundation upon which businesses can thrive, ensuring a healthy cash flow, strong customer relationships, and minimized credit-related challenges. In this article, we’ll explore the best practices in Wholesale …

As a lighting supplier, managing the intricate world of imports can be challenging. The demand for lighting products is ever-growing, but along with it comes the complexities of handling deposits, ensuring accurate revenue recognition, managing bill of materials, and navigating the nuances of GST compliance.  Additionally, the traditional approach of processing a high volume of …

If your company is one of the many Australian wholesale businesses that supply goods to other businesses, you probably offer credit to your clients. Although it’s risky to issue trade credit, customers will likely take their business elsewhere if you don’t offer this option. Pencil is an Australian company that offers a solution to the …

Business-to-business relationships often require good faith arrangements. Due to a lack of up-front funds, suppliers like you must extend trade credit to maintain B2B partnerships. However, when you enter into trade credit agreements, you place yourself in a vulnerable position. With too few regulations and security measures, these arrangements are risky. Issuing more than $1.3 …