firms taking longer to pay bills

Dun & Bradstreet’s latest reports indicate a two day deterioration in accounts receivable to 46.6 days in the March 2010 quarter, compared to the previous quarter.

Dun & Bradstreet’s findings from millions of current accounts receivables records indicate a two day deterioration in to 46.6 days in the March 2010 quarter, compared to the previous quarter.

The weak economic recovery is reflected in new figures showing New Zealand businesses are increasing the average amount of time to pay their bills.
Credit reporting agency Dun & Bradstreet’s findings from millions of current accounts receivables records indicate a two day deterioration to 46.6 days in the March 2010 quarter, compared to the previous quarter.
Effectively this means that companies are on average taking more than two weeks over the usual 30 day credit payment terms to finally pay their bills.
This could mean New Zealand firms face the prospect of renewed cash flow pressures in the months ahead said D&B NZ general manager John Scott. (Red full article from Stuff News)