Insights into the health
of Small Business

Australia | Reporting period: December 1, 2016 - December 31, 2017 Published: February 13, 2018 Next publish: March 13, 2018

Cash flow

0%

of Australian small businesses were cash flow positive in December

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of Australian small businesses were cash flow positive in December
0p.p.
Month on month
0p.p.
Year on year

Cash flow

Percent of Australian small businesses that are cash flow positive

Almost 57% of businesses saw more money coming in the door than leaving in December, the highest percentage in over three years.

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Getting paid

0

days on average for Australian small-business invoices with 30-day terms to be paid in December

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days on average for Australian small-business invoices with 30-day terms to be paid in December
0%
Month on month
0%
Year on year

Getting paid

Average number of days for an Australian small business invoice to be paid

Businesses enjoyed the quickest payment in three years in December: 30-day invoices were settled in a bit over 34 days, capping a year of improved payment times.

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Hiring people

0%

change in the number of Australian small business employees from November to December 2017

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change in the number of Australian small business employees from November to December 2017
0p.p.
Year on year

Hiring people

Percentage change in number of small business employees

Employers seemed to take a breather in December; hiring was little changed following November’s surge in casual headcount to prepare for Christmas trading.

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Trading overseas

0%

increase in the total dollar value of imports and exports for Australian small businesses from November to December 2017

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increase in the total dollar value of imports and exports for Australian small businesses from November to December 2017
0p.p.
Year on year

Trading overseas

Percentage movement in the total dollar value of imports and exports

The value of imports and exports rose 3.4% in December, the most in seven months, helped by a resurgence in outbound shipments.

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Cloud adoption

0%

growth in Australian subscribers on Xero in the year through 30 September 2017

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growth in Australian subscribers on Xero in the year through 30 September 2017
   
 

Cloud adoption

A breakdown of the top 5 Australian industries adopting Xero

The Professional, Scientific and Technical industry adopted Xero more than any other sector in the year through 30 Sep 2017. 

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Australia | Reporting period: December 1, 2016 - December 31, 2017 Published: February 13, 2018 Next publish: March 13, 2018

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Late payments hit new lows, supercharging cash flow

  • Getting paid
  • Cash flow
  • Hiring people
  • Trading overseas

As we head into 2018, it’s useful to examine how 2017 ended for clues about the coming year. Here’s what we know from the latest Xero Small Business Insights data, which covers the month of December.   Getting paid: Australian small businesses finished 2017 with the quickest payment...

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Supporting small business expansion through foreign export

  • Trading overseas

Paul Lyons – a partner from Tasmanian-based practice WLF Accounting & Advisory – has seen huge growth in clients using the cloud to tap into growth markets for their products. The traditional business model focuses on bricks and mortar,...

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Big conversations around small business in South Australia

  • Hiring people

This month saw the inaugural Xero Small Business Insights Panel Tour 2018 take place in Adelaide, where more than 80 local accountants, bookkeepers and business advisers joined a select group of panel members to discuss the economic state of...

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How did small business fare at Christmas? Early signs are good

  • Cash flow
  • Getting paid
  • Hiring people

The Christmas wrapping has been cleared away, and the trees are packed away for next year. But how did small businesses fare during the holiday season? The early data from Xero Small Business Insights suggests it may have been a bumper year in...

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Sharing insights to empower Australia’s small businesses in 2018 and beyond

  • Opinion

When we decided to create Small Business Insights in mid-2017, we did it with a single purpose in mind: to tell stories no one else could tell about Australia’s small businesses. These businesses are frequently called the engine room of the...

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Average payment times for the year approach historic lows

  • Cash flow
  • Getting paid
  • Hiring people

Small businesses in the nation’s capital are some of the healthiest in the country, with the ACT experiencing a major employment boom and positive drop in late payments during 2017, according to a 12-month analysis of Xero Small Business...

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Help wanted: Hiring edges higher for small business

  • Hiring people

It’s sometimes said that small businesses are the engine room of the economy. They employ almost half of Australian workers and make up more than 95 percent of all businesses. That engine room appeared to be humming in June, when small businesses...

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From a trickle to a flood: How cash flow changes over time

  • Cash flow

Perhaps no metric matters more to a small business than cash flow. It’s the lifeblood that sustains purchases, payroll and short-term operations. But if more cash is consistently going out of a business than coming in, its days can be...

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Please pay now: Overdue invoices persist

  • Getting paid

Small businesses with 30-day terms got paid an average 6 days late in June. The trend is improving though; a year earlier, payments were overdue by 9 days.